Brexit: Northern Ireland Protocol ‘must be rectified’, says minister June 23, 2021 The post-Brexit Northern Ireland Protocol is “not sustainable” and must be “rectified”, says Northern Ireland secretary Brandon Lewis. Lewis told MPs today that the post-Brexit treaty is “causing issues for businesses and consumers and citizens in Northern Ireland” due to the stringent nature of checks from goods going from Great Britain to Northern Ireland. Northern [...]
Turbulent day as Bitcoin hits 2021 low before dramatic recovery June 23, 2021 The crypto markets had a rollercoaster of a day yesterday, with Bitcoin briefly dipping below $30,000 for the first time since January before recovering sharply to around $34,000 at time of writing.
London will be diminished if the Government’s Fortress Britain approach lasts much longer June 23, 2021 The sights and sounds of London’s gradual return to normality are tonic for the soul. There are the obvious signs: the march of City workers across London Bridge in the morning, queues at Pret at lunchtime, a packed Greek Street in the evening. And there are the less obvious, like spotting tourists plotting their journey [...]
Exclusive: UK employees work £4.2bn in unpaid overtime every week as free labour soars during pandemic June 23, 2021 The amount of unpaid overtime that each UK worker is doing has jumped to an average of eight hours per week during the pandemic, according to a new study. The ADP Research Institute’s People at Work 2021 study, seen by City A.M., found that UK employees are working two hours more unpaid overtime per week [...]
Could global growth this year be the fastest this century? June 23, 2021 The world economy is set for its fastest year of growth in the 21st century this year, according to our latest forecasts. We now think global GDP is set to expand by 5.9 per cent in 2021, having upgraded our previous forecast of 5.3 per cent. As lockdowns ease, the service sector – which includes businesses [...]
Square Mile offices and homes to be warmed with heat from over 650ft below its streets June 23, 2021 In a bid to make London’s Square Mile more sustainable, its homes and offices will be warmed by drawing heat from over 650ft below the streets of the City. As one of the largest low-carbon heating systems in the UK, which forms part of a £4m scheme, the system will produce the same amount of [...]
New North Sea oil field set for approval ahead of COP26 June 23, 2021 Ministers are reportedly preparing to approve a new oil and gas project in the North Sea despite growing opposition from environmental groups. Independent exploratory firm Siccar Point has submitted plans to develop the Cambo heavy cruel field off the coast of the Shetland Islands, the Times reported. The field is expected to produce 150m barrels [...]
Haulier shortage putting construction work ‘under enormous pressure’ June 23, 2021 A shortage of hauliers due to the UK’s departure from the EU and Covid testing rules is becoming a “critical nationwide problem” for the construction industry, which is already battling disrupted supply chains. Government advisory body the Construction Leadership Council (CLC) today said that a lack of drivers was now causing construction delays and pushing [...]
‘London will flourish again’ says Berkeley Group as it lands £500m profit June 23, 2021 London received a vote of confidence from Berkeley Group this morning as the housebuilder’s boss said he believed the capital is set for a post-pandemic boom. The Group made a profit before tax of more than half a billion pounds in its last financial year, much of which was driven by the sale of properties [...]
‘Are you crazy?’: London restaurateur on opening two eateries during the pandemic June 23, 2021 When the pandemic hit, London-based restauranteur Sanjay Anand, owner of catering and restaurant business Madhu’s, found himself feeling restless, with more time on his hands than he had had in decades. Pre-pandemic Madhu’s, which specialises in luxury Indian food, was predominantly a catering business, and when Covid restrictions were put in place last March around [...]
