The Big-Bang 2.0 fails to make City rules fit for an era of crypto and email not Telex July 28, 2022 THE Financial Services and Markets Bill 2022, introduced last week, failed to usher in the “Big Bang 2.0” of financial services regulation we were promised. It is true that many of the initiatives contained within the bill are sensible, welcome, and necessary – but they are nowhere near as radical as what is required to [...]
Trade unions challenge government’s strike breaking law July 27, 2022 A COALITION of trade unions have launched a legal challenge against the government, over claims its new law, allowing companies to bring in agency workers as strikebreakers, breaches the European Convention of Human Rights (ECHR) and violates the UK’s Brexit trade deal. The challenge comes after the government last week overturned laws forbidding companies from hiring angency [...]
Easyjet mulls over compensation following airports’ caps July 26, 2022 Easyjet is mulling over compensation after airports around Europe introduced daily passenger caps to cope with the ongoing travel chaos. Chief executive Johan Lundgren told journalists it was “clearly something that we will be discussing individually with our partner operators” but refused to lay out further details. Airports where Easyjet operates such as Gatwick and [...]
Warhammer maker Games Workshop posts ‘astonishing year’ as sales and profits surge July 26, 2022 Core revenue for Warhammer maker Games Workshop climbed 9.5 per cent this year to £386.8m as hobbyists flock to their games.
Simple soundbites for post-Brexit dividends do the City little good for our future growth July 26, 2022 DO YOU want the City of London to be slow and cautious or quick and nimble? This is how the debate over a potential new round of regulation in the City of London has been framed. However, the situation is clearly more complex than this simple soundbite suggests. Forming part of ex-chancellor Rishi Sunak’s pitch [...]
Eurostar cancels London-Paris services as getaway chaos continues July 25, 2022 Travellers between Paris and London have been left stranded as Eurostar today was forced to scrap two morning services, causing delays. Trains were cancelled after parts of the French high-speed line were closed yesterday due to a broken down train People took it to Twitter to complain about the situation. One user described the queues [...]
Number 10 says Dover border chaos ‘not necessitated’ by Brexit July 25, 2022 Downing Street has said travel chaos at the Dover port over the past few days has not been “necessitated by leaving the European Union”. Boris Johnson’s official spokesman said “there are changes following leaving the European Union which we recognised and which we have planned for”, but that the long queues at Dover were not [...]
Ryanair exec blames airports for travel chaos, arguing ‘they had one job to do’ July 25, 2022 Ryanair’s chief financial officer Neil Sorahan has blamed airports for the travel chaos, arguing they only had “one job to do.” “The airports themselves, they had one job to do and that was to make sure they have sufficient handlers and security staff,” Sorahan told the BBC’s Today programme this morning. “We managed to staff [...]
Travel update: Dover authorities clear port backlog following weekend from hell July 25, 2022 Dover authorities have cleared the port’s weekend backlog, announcing that traffic was running normally as of 9.30am this morning and that there was “minimal dwell time.” “There is no Port of Dover traffic being held in Brock on the M20, the Dover TAP system on the A20 is not currently required and all traffic is [...]
Last orders: Inflation and interest rates force thousands of restaurants to close July 25, 2022 The number of restaurant insolvencies has increased sharply in the past year amid staff shortages and rising inflation, according to a new study. Accountancy firm UHY Hacker said the total jumped from 856 in 2020/21 to 1,406 in the past year. Peter Kubik, of UHY Hacker Young, said restaurants are facing spiralling inflation, decreased consumer [...]