UK factories hit by 1970s-style cost crunch in inflation surge warning April 25, 2022 UK factories are having to swallow the quickest rise in input costs for five decades in a sign that the cost of living crunch gripping consumers is set to tighten, reveals fresh figures published today. The cost to manufacturers of buying components has accelerated at the steepest pace since 1975, according to Britain’s top business [...]
Labour says by scrapping ‘non-dom’ status it could raise £1bn April 25, 2022 Labour has said it would get rid of non-domicile status, following the row over Chancellor Rishi Sunak’s wife’s tax affairs. The opposition pledged a tax overhaul to stop people who live in the UK long-term from avoiding paying tax, saying scrapping the system could raise more than £1bn a year. In a policy announcement, the [...]
World’s first hub for flying taxis opens today in Coventry April 25, 2022 UK start-up Urban-Air Port (UAP) opened today in Coventry the world’s first demonstration hub for flying taxis and delivery drones. Backed by the UK Government with a £1.2m grant, UAP will operate the vertical airport – or “vertiport” – for at least one month to develop a blueprint for future deployment. At the vertiport, UAP [...]
Global financial markets jittery amid fresh China Covid lockdowns April 25, 2022 It’s been an unsteady start to the week in the crypto markets, with the Bitcoin price dropping to around $38,500.
Letters: Chatbots to the rescue? April 25, 2022 [Re: Chatbot matrixes are an outdated betrayal of our tech capabilities, April 22] Russ Shaw is right to point out that chatbots, once held up as the next big thing for communication, must be under-pinned by excellent technology and good quality data. Only a well-engineered chatbot will provide a delightful customer experience, but when it [...]
1 Minute Market Rundown – 25th April 2022 April 25, 2022 Risk Firmly on the BackfootCrypto LowerSterling and Euro Looking More and More Vulnerable Risk remains heavy across the board as fears over covid in China weigh on markets compounded fears sparked by faster and more aggressive FED tightening. We are also seeing commodities come under pressure sparked by the China fears as well as yields [...]
ONS: Cost of living grip chokes nearly every UK household April 25, 2022 Predictions that the UK economy is hurtling towards a period of weaker growth look set to materialise driven by historically high inflation squeezing almost all households across the country, official statistics released today indicate. Soaring energy, petrol and food prices have led to nearly nine in 10 Brits experiencing an uptick in their cost of [...]
British Airways sets short-term base in Madrid to beat staff shortages April 25, 2022 British Airways (BA) could set up a short-haul base in Madrid to beat the staff shortages that force it to axe 1,400 flights over the last few weeks. The airline said it will open a cabin crew base in the Spanish capital and hire staff locally to avoid putting passengers through further travel disruption. Under [...]
New investigation reveals metaverse plagued with sexual and racial abuse April 25, 2022 A recent Channel 4 exposé has revealed sexual and racist abuse runs rife in the metaverse as firms continue to roll out the new technology.
Sadiq Khan ‘heartbroken’ as four dead in stabbing incident at south London house, and one man arrested April 25, 2022 A man has been arrested on suspicion of murder after four people died of stab injuries in south London in the early hours of the morning. The Metropolitan Police said they were called to a disturbance in Bermondsey at 1.40am on Monday, where they found three women and a man suffering with knife wounds. The [...]
