Time for a plan for growth, not endless Westminster tittle-tattle February 8, 2022 In the grand scheme of political endorsements, “not a complete clown” sits somewhere between Lyndon B. Johnson describing President Gerald Ford as a nice guy who played too much American football without a helmet on and Churchill describing Clement Attlee as a sheep in sheep’s clothing. What makes it unusual is that the man offering [...]
Cost of living crunch already hitting consumer spending even before inflation peaks February 8, 2022 The cost of living crunch is prompting Britons to rein in spending even before inflation reaches its expected summit this spring, reveals new research published today. An erosion in household budgets triggered by inflation hitting its highest level in nearly three decades weighed on consumer spending last month, according to figures from Barclaycard. UK spending [...]
Shunting civil servants around the UK will never deliver what enterprise can February 8, 2022 You campaign in poetry. You govern in prose. Advice from the past that seems pertinent to a government committing levelling up into law. What was a slogan is now “12 national missions” published in a white paper last week, to provide a central mission for government to deliver economic parity to all regions of the [...]
Selina Advance scoops up $150m funding to roll out home equity lending February 8, 2022 London-based fintech firm Selina Advance has scooped up $150m funding as it looks to roll out home equity lending products to customers across the UK.
Used car market grows 11.5 per cent in 2021 as prices show no sign of stop February 8, 2022 The UK’s second-hand car market has grown 11.5 per cent, with more than 7.5 million transactions registered in 2021. According to data from the Society of Motor Manufacturers and Traders (SMMT), 777,997 more cars were sold compared with 2020 levels, even though performance remained 5.5 per cent below the pre-pandemic five-year average. Transactions reached peak [...]
Telecoms giant Iliad makes a play for Vodafone’s Italy operation February 7, 2022 French telecoms operator Iliad has tabled a bid for Vodafone’s Italian operation just a week after Vodafone boss Nick Read indicated he was gearing up for a period of dealmaking.
The City View: The headlines and the latest from Westminster February 7, 2022 Andy Silvester whistles through the headlines in the Square Mile and asks City A.M.’s Chief Political Correspondent Stefan Boscia whether Boris Johnson’s reset will work.
More than 250 hospitality bosses call for VAT freeze as diners hit by rising costs February 7, 2022 Restaurant bosses from big names including JD Wetherspoon and Greene King have signed a letter to the Chancellor calling for a VAT freeze at 12.5 per cent. In an open letter to Rishi Sunak, more than 250 hospitality businesses have called for a re-think of plans to hike the VAT rate back to 20 per [...]
Starmer rescued by police from anti-vax mob February 7, 2022 Sir Keir Starmer had to be escorted by police out of parliament this evening, after the Labour leader was mobbed by a group of anti-vax protestors.
Developers looking at ‘legality’ of government demand to commit to funding cladding remediations February 7, 2022 Builders have accused the government of taking a disproportionate approach with its plans to relieve leaseholders of remediation costs for unsafe flats. Developers were sent a letter by the government last week calling on them to sign a legally binding agreement that committed them to covering the costs of fixing tower blocks with dangerous cladding. [...]
