Shell appeals historic Dutch emissions order July 20, 2021 Shell has today confirmed that it will appeal against a landmark court ruling requiring the oil giant to cut emissions faster than it had planned to. The Anglo-Dutch firm said that it had been unfairly singled out by the ruling, which it said was not an “effective” way of tackling climate change. In May, a [...]
Dominic Cummings plotted to oust Boris Johnson days after 2019 election July 20, 2021 Dominic Cummings has today revealed he was plotting to oust Boris Johnson from Downing Street just days after his landslide 2019 General Election victory. Johnson’s former chief aide made the explosive revelation in an upcoming BBC 2 interview tonight, after months of attacks on the Prime Minister. Cummings said the influence of Johnson’s wife, then [...]
Covid: UK cases rise by 40 per cent in last week July 20, 2021 The number of Covid-19 cases in the UK has increased by more than 40 per cent over the last week as the virus spreads rapidly amid the easing of lockdown restrictions. The UK recorded 46,558 new positive cases today, according to the latest official figures, up 40.7 per cent compared to the same day last [...]
Downing Street does not deny govt mulls increasing national insurance contributions July 20, 2021 Downing Street has not denied that National Insurance contributions could be increased to fund a new social care plan, in a move that would break a Conservative manifesto pledge. Boris Johnson is reportedly considering plans to raise National Insurance payments by one percentage point for employers and employees to raise £10bn a year to help [...]
Clifford Chance report record revenue and profits in sixth consecutive year of growth July 20, 2021 Law firm Clifford Chance announces its sixth consecutive year of profit and revenue growth despite the pandemic. For the year ended 30 April Clifford Chance saw its revenue rise to £1.8bn, though by a marginal rate of one per cent compared to the previous financial year. Its profit per equity partner increased by nine per [...]
GMB calls off British Gas strike after 44 days July 20, 2021 Union GMB has today brought an end to 44 days of strike action after its members backed a new pay deal from British Gas. Around 7,000 of the company’s engineers carried out the industrial action in protest at the firm’s so-called “fire and rehire” tactics. GMB said that 500 workers lost their jobs as a [...]
The City of London’s Al Fresco dining is here to stay for one more year July 20, 2021 The City of London Corporation has agreed to ease the weight on the hospitality industry by offering free pavement licences for one more year. Amid table number and household restrictions, the UK’s hospitality sector has been making use of pavements for extra Al Fresco seating. “We expect the buzz of the City will swiftly return [...]
US stocks rebound after heavy losses July 20, 2021 US stocks recovered from a battering yesterday during the morning session as investors purchased assets that looked cheap after Monday’s falls. All the US’ main benchmarks rose in the morning. The blue chip S&P 500 was up 1.12 per cent; the tech-heavy Nasdaq increased 0.73 per cent and the Dow Jones added 1.49 per cent. [...]
Farmers’ union to renew row as UK trade deal to see tariffs slashed on New Zealand meat July 20, 2021 The UK’s farmers’ union and Labour are ready to renew a row with the government over British farming as the UK prepares to cut all tariffs on New Zealand meat in an upcoming trade deal. A senior Department for International Trade source told City A.M. that the UK-New Zealand trade deal is still on track [...]
IEA: Emissions to hit record by 2023 if green investment remains locked away July 20, 2021 The International Environment Agency’s forecasts have warned today that emissions will hit a record high in just two years unless more green investment is unlocked. After a brief fall last year at the height of the pandemic, which halted supply chains and pushed people homebound, the world is on track to surpass 2018’s emissions record. [...]
