We can’t connect to 5G if it strips away property rights August 10, 2022 Lower taxes, net zero and rising fuel costs have dominated the Tory leadership debate. But as we move into the final month of the run-off between Liz Truss and Rishi Sunak, another battle is raging that strikes at the heart of true Conservative values. We’ve heard a range of promises directed at card-carrying Conservative farmers, [...]
Fear has pushed us back to cash as banks fail to help consumers control spending August 10, 2022 We’ve come to believe we live in an almost completely cashless society today. In fact, withdrawing large amounts of cash from your bank is viewed with suspicion – victim of fraud or tax evasion? What other possible reason could you have for cash? Even Big Issue sellers now have Square readers to accommodate this shift. [...]
Admiral profit and share earnings halve as ‘unique’ pandemic conditions fade August 10, 2022 Insurance giant Admiral has had its pre-tax profits and share earnings halve over the past year, nearing pre-pandemic levels as the “unique” Covid-19 market conditions fade. The group’s profit before tax sunk 48 per cent to £251.3m in the six months to 30 June, in comparison with the same period in 2021. However, the figure [...]
Politicians need to find a balance with social media like TikTok, not run from it August 10, 2022 THE UK Parliamentary account on TikTok was unceremoniously banned from the Westminster estate last week after a group of MPs alerted the Speaker of the House to the account’s existence. While concerns about national security and data access in China are understandable, an outright closure of such an important route to engaging people in politics [...]
Hostelworld eyes operational profitability later this year as travel demand rebounds August 10, 2022 Travel platform Hostelworld has said it hopes to be profitable at an operational level in the second half of the year, as holidaymakers have returned in recent months. In interim results, the London-listed company said net revenue hit €28m in the period, compared to just €2.9m the previous year, as travel restrictions eased. While overall [...]
Three in four Brits want hybrid work to cope with cost of living crisis August 10, 2022 Three in four British workers want hybrid work to cope with the cost of living crisis gripping the country. Employees want their employers to offer flexible hybrid working as inflation surges to record levels of 9.4 per cent in the country, a survey by hiring software company Greenhouse found today. As the cost of essentials [...]
Rampant inflation to put public services under ‘visible strain’ unless government ramps up spending August 10, 2022 Rampant inflation is putting the NHS and other public services “under considerable, and visible, strain,” top economic experts have warned today. Government departments and local councils are set to struggle to provide services to taxpayers due to swelling costs eating up their budgets. Higher inflation will erode more than 40 per cent of announced funding [...]
Intel adds pressure onto UK government over lack of computer chip strategy August 10, 2022 Intel has applied pressure on the government to get its semiconductor strategy published, as the UK continues to miss out on inward investment. The US passed a $52bn subsidy package to computer chipmakers just last month, following the European Union’s €45bn cash pot announced in January – leaving the UK’s lack of domestic policy frustrating [...]
Used car market shrinks due to knock-on impact on new vehicles August 10, 2022 The UK used car market has shrunk by almost 19 per cent in the second quarter of this year due to the knock-on impact of semiconductor shortages on new vehicles. According to data published today by the Society of Motor Manufacturers and Traders (SMMT), 1.7 million second-hand transactions have taken place – down by 407,820 [...]
Heavy losses could spur move to private for SoftBank, analysts say August 9, 2022 Hefty losses in the portfolio of Japanese investment giant SoftBank could push its chief Masayoshi Son to delist the firm via a management buyout, analysts have suggested.
