MPs warn of further food price hikes unless labour shortages are ‘resolved swiftly’ April 6, 2022 More grocery price increases are on the horizon unless the government intervenes to solve worker shortages, MPs have warned. Brits have faced bare supermarket shelves in the past eighteen months as various businesses were hammered by worker shortages. Now, the government must urgently take action and change immigration policy in order to alleviate pressure on [...]
Britain’s love of Channel 4 is blinded by nostalgia, it’s time to finally sell up April 6, 2022 From a quasi-outsider’s perspective – I lived in Australia for the first 26 years of my life – Channel 4’s current makeup seems bizarre. It is state-owned, but commercially funded. Editorially independent, but bound by a legislative public service remit. The notion of having a public broadcaster that provides news coverage free from all commercial [...]
Many Tories believe Channel 4 sale is ‘revenge for biased coverage’ on Brexit and Boris Johnson, says Julian Knight MP April 5, 2022 Government plans to forge forward with the privatisation of Channel 4 are “revenge”, adding that many Tories believe the move is “payback time” for “biased coverage”, according to Tory MP Julian Knight. In a string of tweets, the MP addressed what he said was the “elephant in the room time” as he tweeted: “Is this [...]
EY to double size of consulting team by hiring 5,100 consultants over the next four years April 5, 2022 Big Four accountancy firm EY is set to double the size of its UK consulting team, by hiring 5,100 new consultants over the next four years. The accountancy giant said it plans to double the size of 5,100 strong consulting team, with a view to having more than 10,200 consultants on its books by 2026. [...]
Cryptocurrency markets uncertain ahead of major Bitcoin conference April 5, 2022 The relative calm in the crypto markets continues today, with the Bitcoin (BTC) price up one per cent over the past 24 hours to around $46,600.
Giving crypto the ministerial seal of approval comes with responsibilities April 4, 2022 As Rishi Sunak is finding out, value can be volatile. Last year he was the odds-on favourite to replace Boris Johnson in Number Ten, popular with Tory party members and (for a Cabinet minister, at least) the public at large. Alas this year, though Sunak has done very little differently, his stock isn’t quite flying [...]
French election: Macron’s lead over Le Pen cut days before first vote April 4, 2022 Polling for the French Presidential race has drastically tightened with less than a week before the first round of voting. Emmanuel Macron’s large lead over far-right challenger Marine Le Pen has shrunk over the past month, with a recent IFOP poll showing the incumbent ahead 53-47 in a head-to-head run-off. Macron and Le Pen are [...]
Klarna boss says Brussels has produced some of ‘the worst regulation ever created’ April 4, 2022 The boss of buy-now pay-later (BNPL) giant Klarna says Brussels has held back fintech firms with prescriptive rules and produced some of the “worst regulation ever created”.
Fever pitch: Battle for Ted Baker intensifies as new owners set to face post-pandemic high street ‘challenges’ April 4, 2022 Fashion chain Ted Baker has seen its share price boom after kicking off a formal sale process, with a third US private equity proposal. Analysts said the proposal comes as valuations of British companies have fallen in the wake of the pandemic and Brexit. Ted Baker has received an improved proposal from Sycamore, in addition [...]
Brexit spurs rise in overseas talent sponsoring among City firms April 4, 2022 Brexit has spurred a rise in City firms sponsoring overseas recruits, with around 200 workers based outside of the UK being hired per week. It comes amid a labour shortage on British soil, which has seen City law firms battle it out for the highest pay. Visa sponsorships by UK-based financial services firms have been [...]