FCA in hot water over £230m London Capital & Finance scandal redress October 11, 2021 The UK’s financial watchdog has come under fire by an independent commissioner for its handling of the £237m London Capital & Finance (LCF) investment scandal. The Financial Conduct Authority (FCA) is reportedly at risk of censure from the financial regulator’s complaints commissioner, which investigates complaints against institutions like the FCA, the Bank of England’s Prudential [...]
Tony Blair: The UK must accept vaccinated people from everywhere October 11, 2021 The UK must open its borders to all vaccinated people, regardless of country of origin, said the Tony Blair Institute. In a paper entitled “Keeping Travel Open: A Vaccine Anywhere, A Vaccine Everywhere”, the NGO funded by the former Prime Minister outlined several key recommendations the government should follow if it wants to help travel [...]
Heathrow calls on government to decarbonise aviation ahead of COP26 October 11, 2021 Heathrow has called on the government to “show real leadership” and commit to decarbonising aviation amid a fall in passenger numbers. The London-based airport was the busiest in Europe prior to the Covid-19 pandemic but has seen a sharp decline in passengers as a result of Covid related travel restrictions. The travel hub today revealed [...]
Sajid Javid: Long Covid is affecting huge numbers of people October 11, 2021 Health secretary Sajid Javid is reportedly concerned about the increasing numbers of people suffering from long Covid symptoms. As reported by the Independent, the secretary told a private meeting of health officials that the problem was “huge” and “getting bigger”. During the private meeting, which was set up to give an update regarding long Covid [...]
IPO: Pantheon Infrastructure looks to raise £300m for shopping spree October 11, 2021 Investment trust Pantheon Infrastructure (PINT) is seeking to float on the London Stock Exchange at an issue price of 100p per share. Looking to raise £300m from institutional and retail investors, the trust will use the cash injection to invest in different industries, from digital infrastructure such as data centres and fibre-optic networks to utility [...]
Clubbing sector has lost 86k jobs since start of pandemic October 11, 2021 The country’s cultural nightlife sector has lost some 86,000 jobs since the outbreak of the pandemic. The Night Time Industries Association (NTIA), commissioned a report titled ‘A study of the night time economy’, in which it argued against a return of Covid measures. An estimated 393,000 jobs were lost in the night time economy while [...]
The key to rapidly vaccinating Africa from malaria and Covid is in our hands October 11, 2021 For over a thousand years, malaria has made victims out of everyone from neolithic dwellers, early settlers in ancient China and Greece and now the poorest people in sub-Saharan Africa. In the 20th Century, it took between 150m and 300m lives. Last week, the first malaria vaccine was approved, hot on the heels of the [...]
Businesses yet to receive a penny from £1.5bn Covid support pot October 11, 2021 English businesses are yet to receive a single penny in relief following the announcement of a £1.5bn targeted Covid support fund six months ago. The business rates relief fund was announced to help businesses affected by Covid outside the retail, hospitality, and leisure sectors. The government said it would retrospectively ban more than 170,000 rates [...]
Aye, aye Captain! The new defence chief of staff needs to tackle the China question October 11, 2021 The appointment of a new chief of the defence staff—the professional head of the British armed forces— easily slips into the important but not newsworthy category. Last week’s announcement that Admiral Sir Tony Radakin, currently first sea lord, will take up the post in November should, however, give even passing observers pause for thought. For [...]
Editorial: If the PM returns with a plan, it’s a worthwhile holiday October 11, 2021 Climbing the greasy pole of politics is fraught with risk; chief among them, the opportunity for the world to go hell in a handcart whilst you’re on holiday. See Raab, Dominic, for one recent example; a mistimed holiday to Crete and the now former Foreign Secretary ends up on the wrong side of a Cabinet [...]
