Whoever leads the No11 regime must learn spending will only fuel inflation July 7, 2022 The year ends with a two. We have a Prime Minister who reset Britain’s relationship with Europe and has suddenly appointed an inexperienced Chancellor. The new regime in Downing Street now promises tax cuts in the face of high inflation. Am I mad, in a coma, or has the Tory Party travelled back in time? [...]
Pandemic-born businesses could add over £20bn to UK economy, study shows July 7, 2022 Businesses started during the Covid pandemic could add £20.4bn to the UK economy as the number of start-ups during the pandemic grew. About 800,000 companies were registered in the first year of the pandemic in the UK, 22 per cent more than the year before, a joint report by CBI Economics and NatWest showed. 80 [...]
Letters: Property woes keep going July 7, 2022 [Re: Homeowners look to flog properties as UK house price growth slows, yesterday] The slight easing of the property market is a welcome sign for those who have been priced out during the relentless rise in house prices over the last few years. Likewise, the fact that homeowners with multiple properties are looking to sell [...]
London IPO activity plunges as market volatility puts a stop to listings boom July 7, 2022 The amount of cash raised via initial public offerings in London plunged in the first half of the year as firms pull back from the public markets amid extreme volatility and historic levels of inflation, new data has revealed.
GSK shareholders give Haleon split the green light July 7, 2022 Shareholders in British pharmaceutical giant GlaxoSmithKline (GSK) gave its historic demerger the “expected” seal of approval yesterday, meaning its consumer division will be able to list on the London Stock Exchange as a separate entity later this month. In the most significant corporate change at GSK for the last two decades, the split will see [...]
Investors pour £22m into real estate trust Impact Healthcare July 6, 2022 Investors have poured more than £22m into a London-listed healthcare real estate investment trust (REIT), the company’s board announced today. Impact Healthcare REIT, which specialises in care home investments, has grown its market capitalisation north of £450m since listing on London’s main market in 2017. The funds from a share placing, which the board announced [...]
Boris Johnson refuses to resign and instead sacks Michael Gove July 6, 2022 Boris Johnson has ignored the calls of senior cabinet ministers and has refused to resign, leaving the government in crisis. Johnson appears to have lost the confidence of Conservative party MPs and has seen the resignation of more than 40 ministers and parliamentary private secretaries, MPs who work as assistants to ministers, leaving questions marks [...]
Second coal power plant to be kept on standby as winter months loom July 6, 2022 Drax Group (Drax) has reached a deal with National Grid to extend the lifespan of its two coal-fired units in Yorkshire over winter.
Striking barristers should accept government’s ‘generous offer,’ justice minister says July 6, 2022 Justice secretary James Cartlidge has called on striking barristers to “reconsider” their actions, after claiming the government’s current legal aid offer is “generous” enough. Speaking in the House of Commons, Cartlidge accused “those engaged in action” of “threatening to increase waiting times” as he doubled down on existing plans to hike legal aid fees by [...]
Whitehall spending on City law firm advice increases to more than £700,000 a week July 6, 2022 The UK government spent more than £700,000 a week on advice from City law firms last year, according to new figures which show Whitehall’s legal fee budget increased by a fifth compared to the previous year. The government spent more than £36.5m on advice from major law firms in 2021-22, in paying out weekly sums [...]
