University education contributes to regional inequality, according to IFS September 17, 2021 University education is contributing to geographical inequality across the UK, according to a new report published by a leading economic think tank today. Higher education allows graduates to move to London and other cities that offer better career prospects, shows research by the Institute for Fiscal Studies. By the age of 27, graduates are 10 [...]
KPMG: Britain’s tax system is having an identity crisis September 17, 2021 Every so often a debate about UK tax policy cuts through into the media and public imagination, as we’ve seen in this last couple of weeks. The Health and Social Care levy has thrown a light on some big questions about how, and from whom, we raise money to fund the country’s public spending needs. [...]
All new London buses to be zero-emission Mayor says September 17, 2021 Sadiq Khan, the Mayor of London, has announced that new Transport for London (TfL) buses will be carbon neutral, as the UK prepares to host COP26. TfL said in a statement that by the end of next year, ten per cent of London’s bus network will be zero-emission as the network has committed to only [...]
Reshuffle day two: Jesse Norman sacked as Treasury minister September 16, 2021 Boris Johnson continues his reshuffle today, after a major shakeup to his top team yesterday afternoon. Johnson will fill dozens of ministerial roles that sit under the secretary of state in each department. 17.56 International trade minister sacked Trade minister Graham Stuart has been sacked, along with two others in the latest announcement. Stuart had [...]
Rallying travel stocks lift London markets September 16, 2021 London’s FTSE 100 edged up today on a rally among travel stocks, helping to partly reverse yesterday’s poor performance. The capital’s premier index gained 0.16 per cent to hit 7,027.48 points, partly evening out losses registered on a choppy day on London markets yesterday. The likes of aerospace engineer Rolls Royce and British Airways parent [...]
UK economic growth to smash official forecasts this year September 16, 2021 The UK economy will grow faster than official forecasters expect this year and the rate of expansion will be higher in the long term, according to a new report released today. Ratings agency Fitch says the British economy will grow 6.6 per cent this year, higher than the Office for Budget Responsibility’s four per cent [...]
Crypto.com enters esports deal with Fnatic September 16, 2021 London-based esports brand ‘Fnatic’ has announced a multi-year partnership deal with the Crypto.com exchange worth $15m (£10.9m). The five-year partnership will open up cryptocurrency payment options for Fnatic fans and see the esports company launch digital products, including NFTs. The Crypto.com logo will be featured on Fnatic jerseys. Fnatic CEO, Sam Mathews, called the partnership “ground-breaking”. “Fnatic [...]
Brexit: EU finserv groups call for extension to City clearing house access September 16, 2021 A trio of major lobby groups for Europe’s financial services sector have called on Brussels to extend the EU’s access to London clearing houses amid warnings of financial instability. The groups wrote to the European Commission today, warning “there is a significant risk of market disruption for EU clearing members and their clients” if the [...]
High street gaps filled by independent businesses as chains suffer September 16, 2021 Independent shops are filling gaps on high streets left after the shuttering of chain stores, recording their first rise in numbers in four years. Some 804 locally run convenience stores, barbers, bakers, cafes and fast-food outlets opened in the first half of 2021, according to Local Data Company (LDC) analysts. While local retailers enjoyed new [...]
Polychain Capital leads $230m investment round in Avalanche September 16, 2021 Polychain and Three Arrows Capital have led a $230m investment round in the Avalanche network, buying up the company’s native crypto currency AVAX. R/Crypto Fund, Dragonfly and CMS Holdings were also among investors who bet big on Avalanche, an ultra fast, eco-friendly blockchain protocol which supports a growing ecosystem of DeFi projects. Proceeds from the sale [...]
