Yields on UK government debt scale to over 10-year high September 6, 2022 Yields on UK government debt hit their steepest level in over a decade today driven by investors fretting over the health of the country’s economy. The return on the benchmark 10-year gilt kissed 3.125 per cent, passing July 2011’s record. Five-gilt yields also climbed to the highest since August 2009, scaling to 3.061 per cent, [...]
STV: Scottish broadcaster has revenue and profit boost as it beats streaming challenge September 6, 2022 Scottish broadcaster STV experienced a boost in revenue and profit in the first half of 2022, driven by a focus on streaming and local advertising. The most popular peak-time channel for four years running, at 22.2 per cent, had a three per cent increase in revenue up until June 2022, up from £60.3m, while its [...]
If Liz Truss thought winning was hard, governing will be a formidable task September 6, 2022 It will not feel like it to Liz Truss, but that was the easy bit. Political campaigns are always brutal, exhausting and emotional affairs; none more so than this summer’s long and fractious Conservative leadership contest. But the challenges of the last few months pale into insignificance against the enormity of what the new prime [...]
Exclusive: Demand has to be tackled alongside supply, says energy boss September 5, 2022 The Government needs to combine support for households with policies that will cut supply demand, argued Good Energy boss Nigel Pocklington.
Liz Truss to become Britain’s next Prime Minister after winning Tory leadership race September 5, 2022 Liz Truss will be crowned as the UK’s new Prime Minister tomorrow, after winning the Conservative party leadership contest. Truss today beat out rival Rishi Sunak at the end of the two-month contest and will be appointed as Prime Minister by the Queen tomorrow in Balmoral. Truss won just over 57 per cent of the [...]
WATCH: Martin Lewis left exasperated after ex-minister suggests putting foil on radiator to save cash September 5, 2022 Martin Lewis was left exasperated, after former minister Edwina Currie proposed putting foil behind the radiator to save cash this winter. The founder of MoneySavingExpert responded to the former Tory minister’s money-saving tips during the cost of living crisis, after she said it “doesn’t help” for him to label the issue a “catastrophe”. Hosting ITV’s [...]
Sadiq Khan: Liz Truss, let’s turn the page for London and the UK’s benefit alike September 5, 2022 Sadiq Khan: One of my biggest hopes it that Liz Truss will put a stop the divisive, anti-London approach pursued by her predecessors
‘The law of Karma works’: India overtakes former ruler Britain as fifth biggest economy September 5, 2022 India has overtaken its former ruler Britain to become the world’s fifth largest economy. A billionaire tycoon said the news shows the “the law of Karma works”, after the International Monetary Fund made the announcement this week. India’s economy grew seven per cent in the last three months, according to calculations based on US dollars, [...]
This week: Housebuilding space to come under spotlight with key players revealing results September 5, 2022 Investors will get a good idea of how the housing market is faring with a trio of leading housebuilders unveiling financial results this week. Barratt Developments, Berkeley Group and Vistry are all set to update shareholders on their performance amid reports the housing sector is losing steam. London-listed housebuilding giants Barratt, Berkeley, Persimmon and Taylor [...]
Please, end the political pass the parcel and build up our energy infrastructure September 5, 2022 Today the Conservative Party announces its new leader, drawing the curtain down on three years of Boris Johnson’s inimitable premiership. It is the third internal change of leader in six years, and we might hope as a nation that we are now given a little respite. Choosing a lowlight of the campaign is not easy. [...]