DWP final salary pension reform could be a ‘straitjacket’, pensions chief warns August 12, 2022 Government plans to ramp up scrutiny of 'final salary' pension scheme funding could be a “straitjacket” for the industry and scupper hopes that retirees’ cash could be diverted into areas like tech and infrastructure, a pension expert has warned.
UK sends its good ideas overseas to be made – only to buy them back again, says Rockley boss August 12, 2022 The UK has been unable to break free from off-loading its innovations overseas to be manufactured during the past decade and the upcoming semiconductor strategy is unlikely to change the tides, the boss of Rockley Photonics has said. Rockley Photonics, which specialises in sensing technology, was once a key customer to the UK’s largest computer chip manufacturer Newport Wafer [...]
More than 90 per cent of IFAs would not suggest crypto to clients August 11, 2022 Over 90 per cent of Independent Financial Advisors (IFAs) in the UK would not recommend crypto investments to clients. Following the recent crypto crash that saw prices of major cryptocurrencies plunge, 93 per cent of IFAs say they would not advise clients to invest in crypto, research by strategic insight firm Opinium found. The “crypto [...]
Government stops short of more support for households despite putting pressure on energy firms August 11, 2022 Boris Johnson has stopped short of announcing fresh support for energy users to tame spiralling household bills despite the escalating crisis.
Exclusive: BEIS chair slams Government over lack of insulation plans heading into winter August 11, 2022 The Government has exacerbated the energy crisis by failing to ramp up the efficiency of British homes, argued BEIS committee leader Darren Jones.
Fears of energy blackouts posing threat to meat and milk supplies August 11, 2022 Supplies of milk and meat could be endangered if the country is forced to deal with blackouts later this year, industry chiefs have warned. According to a report in The Telegraph newspaper, power outages would inhibit food producers including those in the dairy industry. Some industries will not be able to prevent or stagger certain [...]
Government opens consultation on biomass carbon capture and storage August 11, 2022 The Government has unveiled a consultation on biomass powered carbon capture projects in the UK over the next decade.
Start-ups hit the brakes on hiring as costs soar August 11, 2022 Cash-strapped start-ups are slowing recruitment and ripping out unnecessary costs this year as rising costs batter the bottom line, top investors said today.
Ailing Haleon drags FTSE 100 lower as traders cheer cooling US inflation August 11, 2022 An ongoing slide in GSK and its consumer pharmaceutical spin out firm Haleon’s shares dragged London’s FTSE 100 lower today. The capital’s premier index fell 0.55 per cent lower to 7,465.91 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.26 per cent to [...]
Magistrates court workers vote to strike over digital system August 11, 2022 Members of the union representing Magistrates’ court workers today voted in favour of plans to strike over complaints about the digitalization of England and Wales’ court systems. Members of the Public and Commercial Services (PCS) are calling on the government to reconsider its plans to digitalise the courts through the launch of its Common Platform. [...]
