Behind the story: the cost of living crisis and war in Ukraine February 25, 2022 Britain is more sheltered than other countries from the massive spike in energy prices that could unfold as a result of Europe’s overreliance on Russian gas. Customers in the UK will at least in the short term be protected from higher prices by the energy price cap. But if the cost of energy continues to spiral [...]
Worst January since 2009 for UK automotive production February 25, 2022 Last month was the worst January since 2009 for the UK automotive production, figures from the Society of Motor Manufacturers and Traders (SMMT) showed. Car production fell 20.1 per cent to 68,790 units – 17,262 vehicles down compared with the same time last year. Domestic and overseas production slumped to 30.8 and 17.5 per cent, [...]
WHO releases $3.5m to purchase medical supplies for Ukraine February 24, 2022 The World Health Organisation (WHO) has released an additional $3.5m from its emergency fund to purchase and deliver medical supplies to Ukraine. According to director general Tedros Adhanom Ghebreyesus, the fund, which complements the trauma and medical supplies already delivered to health facilities, is expected to rise following further needs assessments. “The health system must [...]
No 10 lights up with Ukrainian colours as PM says the UK “will not look away” February 24, 2022 No 10 was tonight lit up with the colours of Ukraine’s flag, blue and yellow, to show solidarity with Kiev following Russia’s invasion. “Ukraine is a country that for decades has enjoyed freedom and democracy and the right to choose its own destiny,” said Prime Minister Boris Johnson in a tweet. “We – and the [...]
Podcast: Russia, Ukraine, and the markets February 24, 2022 Andy Silvester, Jack Barnett and Nicholas Earl discuss the impact of Russia’s invasion on Ukraine on the economy and the markets.
UK taxman issues warning to crypto criminals February 24, 2022 The UK’s tax authority has said criminals should be "worried" by its capabilities when it comes to combatting crypto fraud and tax evasion.
Biden confirms new sanctions on Russia but excludes US military intervention in Ukraine February 24, 2022 US President Joe Biden has confirmed a new set of sanctions, including limiting exports, will be imposed on Russia following the Kremlin’s attack to Ukraine. “This is going to impose severe cost on the Russian economy, both immediately and over time,” he said during a White House press conference. “We have purposefully designed these sanctions [...]
Consumer price cap could spike to £3,000 per year warns Investec February 24, 2022 The consumer price cap could spike to £3,000 per year in October, warned Investec, following Russia's invasion of Ukraine.
BP under pressure to exit Rosneft stake February 24, 2022 BP is facing intensifying pressure to exit its near 20 per cent stake in Kremlin-backed energy group Rosneft.
Julie Meyer: Further allegations dog venture capitalist February 24, 2022 VENTURE capitalist Julie Meyer was under further fire this evening as a host of previous business contacts alleged “gross, willful, and unethical” behaviour over a number of years. The High Court earlier this week issued an arrest warrant for Meyer after she failed to attend a hearing over a disputed £197,000 legal bill from Farrer [...]
