Capital punishment: private sector sanctions in Russia March 21, 2022 The corporate response to Russia’s invasion of Ukraine is representative of a wider shift in the role of the private sector in society. Russia’s invasion of Ukraine is first and foremost a human tragedy and has far-reaching consequences for millions of people. Our thoughts are with those caught in the atrocious situation, those that have [...]
Sajid Javid: PM comparing Brexit to Ukraine invasion was about ‘self-determination’ March 21, 2022 The health secretary has become the latest of the Boris Johnson’s cabinet to defend the prime minister likening Ukraine’s desire for sovereignty amid its invasion to the Brexit vote. Health and social care minister Sajid Javid told Sky News this morning that if the public wanted to see what the prime minister thinks about Ukraine, [...]
Fuel duty expected to be cut as cost of living continues to spiral March 21, 2022 Fuel duty is expected to be cut by the Chancellor this week, as the cost of living crisis continues to spiral and onlookers call for political intervention. Soaring energy bills and inflation, as well as record high petrol prices, have significantly dampened consumer spending power amid the UK’s post-pandemic and Brexit recovery. Chancellor Rishi Sunak [...]
UK house prices surge above £350,000 as demand outstrips supply March 21, 2022 The average house price in Britain has surged above £350,000 for the first time ever as buyer demand outstrips the amount of homes on sale.
Spring budget: Defence and foreign aid set to miss out on rise as war rages in Ukraine March 21, 2022 Britain’s defence and foreign aid budgets are set to miss out on an increase in the Spring budget, despite Russia’s war in Ukraine putting pressure on the UK’s responsibilities abroad. Chancellor Rishi Sunak sidestepped suggestions the conflict could lead to a rise in cash for defence, pointing to £24bn spent last year. This comes after [...]
SPAC snaps up Ondo to make it first public ‘insurtech’ firm in London March 21, 2022 Ondo has become the first ‘insurtech’ firm to go public in the capital today, as listed acquisition vehicle Spinnaker Acquisitions snaps up the firm and brings it onto the London Stock Exchange.
Hong Kong lifts Covid-19 flight ban for nine countries including UK March 21, 2022 Hong Kong has announced today that it will lift its ban on flights from nine countries, including the UK, as government officials assure that the latest Covid-19 wave has peaked. Britain, the US, Australia, Canada, France, India, Nepal, Pakistan and the Philippines will all have flights resumed in April, Hong Kong leader Carrie Lam confirmed [...]
Saudi Aramco ramps up oil and gas spending after doubling profits to $110bn March 21, 2022 The world’s largest oil producer is set to ramp up its spending power to meet oil and gas demand, after surging global prices allowed the oil giant to double its profit. Saudi Aramco announced yesterday that it would hike its investment by around 50 per cent this year, to between $40bn and $50bn (£30bn, £38bn). [...]
As London faces off threats to its global status, Dubai is waiting in the wings March 21, 2022 Since the result of the 2016 Brexit referendum on our future in the world and beyond the single market, one of the issues which has caused most angst and speculation has been the status of London as one of the world’s greatest financial centres. With the end of free movement of goods, services and people, [...]
Letters: Weaning off Covid-19 cash March 21, 2022 [Re: Small business lending tumbles amid strong economic rebound, March 14] UK Finance data shows strong economic recovery from the pandemic led to borrowing among small businesses falling off a cliff last year. However, we observed a 58 per cent year-on-year increase in SMEs seeking finance in January 2022, demonstrating a rebound in activity and [...]
