Dorries set to meet with telecom giants to talk about cost of living strategy June 21, 2022 Culture Secretary Nadine Dorries has called on Britain’s biggest telcos firms to discuss the cost of living crisis. According to reports by Mark Kleinman for Sky News, BT Group and Vodafone have been invited to discussions with Dorries. A Whitehall source told the publication that the minister would be challenging the companies on how they [...]
Legal challenge over retail price index changes could cost taxpayer $40bn, analysts warn June 21, 2022 The government could be forced to fork out as much as £40bn in compensation if a legal challenge launched today over the Treasury’s move to recalculate retail prices succeeds, analysts have warned.
London markets kick off new week in positive fashion June 20, 2022 London’s top indexes kicked off the new trading week in positive fashion today, continuing a trend of wild swings on global markets. The capital’s premier index surged 1.5 per cent to close at 7,121.81 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.45 [...]
New audit watchdog chair pledges tougher rules for company executives June 16, 2022 The new chair of the UK’s audit watchdog has vowed to make company directors accountable for corporate accounting scandals, in his first public speech as head of the Financial Reporting Council (FRC). FRC chair Sir Jan du Plessis said the government’s decision to water down plans for a British version of the USA’s “Sarbanes-Oxley [...]
Revolve brings a buzzy brasserie to bustling Broadgate Circle June 15, 2022 Imagine Magaluf but populated entirely by people who work in finance – that’s Broadgate Circle on a balmy summer evening. It’s a mad, sweaty cauldron full of pink-faced men drinking lager and gently glistening in the heat. Take a step back from the epicentre and you’ll find a second, slightly elevated circle of bars and [...]
Government buys stake in Sizewell C and paves way for funding June 14, 2022 The government has made progress on its proposed funding scheme for nuclear power, with Sizewell C set for taxpayer backing.
Chief of BT’s Openreach blames Brexit for hindering superfast broadband rollout June 14, 2022 Chief exec of BT's Openreach has said the UK's ability to roll out superfast broadband has become increasingly difficult because of “tortuous” recruitment hurdles as a result of Brexit.
‘Summer of discontent’ looms as THIRD rail union threatens to strike and plunge country into travel mayhem June 10, 2022 The country has been plunged into further travel mayhem with rail drivers union TSSA set to join the train alongside RMT and Aslef. The organisation served notice to ballot hundreds of staff for strike action at Avanti West Coast, over pay, conditions and job security. Transport and Salaried Staffs’ Association (TSSA) General Secretary Manuel Cortes [...]
Leicester legend Moody backs former club to win East Midlands semi-final June 9, 2022 Premiership rugby semi-finals come around twice a year, but an East Midlands knockout match comes around far fewer than that. The last time Leicester Tigers and Northampton Saints faced off in an end-of-season top-four clash nearly a decade ago, it was the Black, Green and Golds who came out on top. But tomorrow, in the [...]
UK competition watchdog launches antitrust probe into BT’s Warner Bros Discovery tie-up June 1, 2022 UK competition watchdog has launched an investigation into BT's 50:50 joint venture with US media giant Warner Bros Discovery.