Space investor Seraphim injects cash into two firms ahead of London float July 8, 2021 Space technology investor Seraphim Capital has invested into two UK satellite and AI companies ahead of its London IPO float tomorrow, as the UK cements itself within the latest space race. Investing £2m into firms Isotropic Systems, which operates satellite networks and Commodities AI, which deals with space data and artificial intelligence (AI), Seraphim is [...]
HMRC yet to win a single prosecution that’s used an account freezing order July 8, 2021 HMRC yet to win a single prosecution that used an account freezing order
Business travel groups urge government to prioritise international visitor exemption from quarantine July 8, 2021 Business travel firms have cheered today’s loosening of travel restrictions, but warned that the government needs to apply the same rules to international visitors if the sector is to fully recover. Earlier today transport secretary Grant Shapps announced that fully vaccinated Brits would no longer have to quarantine on return from “amber list” countries. The [...]
Expelled Labour members lose High Court antisemitism battle July 8, 2021 Eight former and current Labour members have lost a High Court claim against the party over how its disciplinary body handled antisemitism complaints. The group claimed their suspensions or official warnings over alleged antisemitism should be revoked as the party’s disciplinary process was unfair. An Equality and Human Rights Commission (EHRC) report into Labour antisemitism [...]
UK inbound tourism industry warns it’s being “neglected” by govt in latest travel announcement July 8, 2021 Businesses have warned the UK’s inbound tourism industry is “on the brink” after the government announced more changes to travel rules this morning. Transport secretary Grant Shapps updated the UK’s travel rules so that fully vaccinated Brits will not need to quarantine on return from amber list countries from 19 July, when the majority of [...]
US jobless claims jump amid severe labour shortages July 8, 2021 The number of Americans making new claims for unemployment benefits unexpectedly ticked up last week, highlighting that the US labour market recovery from Covid may not be as smooth as initially thought. Demand for workers is extremely high in the US as businesses rush to scale their workforce to cope with a surge in consumer [...]
Shakespeare on advertising: Heineken hit by Pogba snub July 8, 2021 On June 16, France and Manchester United star Paul Pogba removed a bottle of Heineken from a post-match press conference – following the lead of Cristiano Ronaldo, who did the same thing with a bottle of Coca-Cola. The Juventus forward was (wrongly) accused of tanking Coke’s share price – so how did Pogba’s move affect [...]
FCA slaps Lloyds Bank’s insurance division with £90m fine for misleading customers July 8, 2021 The Financial Conduct Authority fines the insurance division of Lloyds Bank £90.7m for sending misleading renewal quotes to nine million customers. The renewal quotes claimed the amounts were “competitive” when new customers could get a better price on the same products elsewhere, the FCA said. The FCA said the breach of rules caused “a risk [...]
Socialism is on the rise in the UK – we need radical free-market solutions to issues like the housing crisis to fight it July 8, 2021 Last Friday, an underwater oil pipeline burst in the Gulf of Mexico. Spectacular images of a burning oil patch, which looked a lot like the “eye of Sauron” from Lord of the Rings, quickly went viral around the world. What had gone wrong? It did not take long for Twitter to reach its verdict: the [...]
DEBATE: Do banks still need a high-street presence? July 8, 2021 Monzo, Revolut and Starling are all household names. People can open accounts without ever speaking with an employee and most don’t have any branches at all. High-street banks are also closing down and the mass transition towards online banking has only been expedited by the pandemic. Do banks still need a high street presence? Gareth [...]
