Home Office boss quits and will sue government over Priti Patel feud February 29, 2020 The Home Office’s most senior civil servant has resigned and intends to sue the government after being the “target of a vicious and orchestrated briefing campaign”. In a resignation statement, Sir Philip Rutnam confirmed reports of a bitter feud with Home Secretary Priti Patel whose behaviour has “created fear”, he said. Rutnam and Patel previously [...]
Health officials hunting source of first coronavirus case spread within UK February 29, 2020 A man from Surrey has become the first person in the UK to be infected with coronavirus without leaving the country. Health officials are trying to discover how the man caught the virus despite not having been abroad recently, which is how the other 19 UK cases occurred. Medical officers are attempting to trace people [...]
US stocks slip to worst week since 2008 as coronavirus fears grip global markets February 29, 2020 US stocks suffered their worst week since the financial crisis in 2008 as Wall Street followed the FTSE 100 and other global markets in continuing to plunge on Friday with coronavirus fears causing uncertainty. The S&P 500 fell a further 0.8 per cent on Friday to bring its losses to 13 per cent since hitting [...]
The cost of the UK’s 2021 Immigration system to Financial Services February 28, 2020 Recent research by IPPR suggests that 38% of EU workers currently employed in UK Financial Services (FS) firms would not be considered eligible under the UK’s new immigration system. The analysis also found that the rules disproportionately impact the immigration of EU women. Triggered by Brexit, the UK’s immigration system is going through its biggest [...]
FTSE 100 loses more than £200bn after worst week since 2008 as coronavirus fears grip global markets February 28, 2020 The FTSE 100 has shed a reported £206bn after suffering its worst week since the 2008 financial crisis as new cases of coronavirus pummelled global stock markets. London’s blue-chip index closed at 3.18 per cent down for the day to end a dire week for listed companies who have issued warnings on the coronavirus outbreak. [...]
132 UK companies issue coronavirus warnings as FTSE 100 spirals February 28, 2020 More than 100 UK-listed companies have now warned the stock market of the effects of the coronavirus on their businesses, according to figures released today. British giants like Guinness brewer Diageo and British Airways owner International Airlines Group are just two of 132 companies to issue warnings to investors. In the last week alone, 62 [...]
Oil prices drop again as coronavirus cases escalate February 28, 2020 Oil prices fell again today as the spread of the coronavirus cast uncertainty over the world economy. Oil prices saw further falls after an initial rally today after yesterday’s slump. A spike in the number of coronavirus cases dragged prices back down, along with the world’s stocks. Brent Crude plunged almost five per cent to [...]
London Underground workers to be balloted on tube strikes in pay row February 28, 2020 London Underground’s thousands of workers are to be balloted on tube strikes as the long-running dispute over pay continues. The Rail, Maritime and Transport (RMT) union has said it will ballot the 10,000 staff across the underground after more than a year of negotiating yielded no results. The union said London Underground had failed to [...]
Legal firms call for reform of Serious Fraud Office after ex-Barclays execs acquitted February 28, 2020 Law firms have called for reform of the Serious Fraud Office (SFO) today after three former Barclays executives were cleared of financial crisis-era fraud to save the bank. Roger Jenkins, Thomas Kalaris and Richard Boath were all acquitted of charges of conspiracy to commit fraud by false representation in connection with the 2008 Qatar fundraisings. [...]
UK suffers first coronavirus death as Diamond Princess passenger dies February 28, 2020 The coronavirus has claimed its first British victim after a man quarantined on the Diamond Princess cruise ship has died, according to the Japanese ministry of health. It said that there had now been six fatalities among the 705 people that tested positive on the coronavirus-stricken ship, with this the first foreigner. The Foreign Office [...]
