Bitcoin holds at $39k as EU prepares crypto legislation vote March 14, 2022 The price of Bitcoin has been flat over the past 24 hours, currently sitting at around $39k as Ethereum hangs on to $2,500.
Chicken boss warns food prices could rise 15 per cent this year amid war in Ukraine March 14, 2022 A food industry leader has warned prices could rise up to 15 per cent this year as a result of Russia’s invasion of Ukraine. 2 Sisters CEO Ronald Kers told the BBC’s Today programme it had already been forced to pay 50 per cent more for the chicken it receives from farms. Russia and Ukraine [...]
Severn Trent boss admits it needs to improve as it pledges £100m to clean rivers March 14, 2022 The boss of Severn Trent has admitted that the water giant is not acting on water protection as much as the public, and government, need. Severn Trent and Anglian Water have pledged to bolster their efforts in improving their practices, after environment minister Rebecca Pow last month urged water companies to reduce how much sewage [...]
Big Tech’s heyday of privacy abuses is coming to an end – and it’s going to cost them March 14, 2022 When it comes to data privacy, a slew of recent, multi-million-pound fines for data privacy breaches, have showed exactly how closely regulators are watching for transgressions. Already this year the UK’s Ministry of Justice has been served with an enforcement notice (which could lead to a fine of £17.5m) by the ICO; the Internet Advertising [...]
Northern Ireland Protocol: Truss to halt plan to trigger Article 16 and provide economic support March 13, 2022 Liz Truss is set to halt threats to trigger Article 16 and suspend the post-Brexit Northern Ireland Protocol in the wake of Russia’s invasion of Ukraine. The foreign secretary has reportedly written to Boris Johnson to call for a series of measures to boost trade between Northern Ireland and Great Britain, including tax breaks and [...]
£24bn Brexit rebound: UK goods imports from EU overtake non-EU trade while Russian influx soars March 12, 2022 Goods imports from the EU rebounded fat the start of 2022, despite uncertainty over changes in HMRC methodology, to overtake Non-EU countries, after non-EU imports of goods to the UK surpassed those from the EU for the first time in 2021 since the ONS started recording the data in 1997. Over £24bn worth of goods [...]
War in Ukraine continues to dominate the economic narrative March 11, 2022 For the third week running there is only one subject that dominates the Friday update – the ongoing fallout of the Russian invasion of Ukraine.
Four in ten Brits consider job change to counter higher cost of living and rising inflation March 11, 2022 Almost forty per cent of people polled this week have considered changing jobs to counter rising inflation and costs of living. Pressures are showing on people’s wages and mental health, with leading employment board Totaljobs urging employers to support their workers through difficult financial times. In a survey published this week, 37 per cent of [...]
Rishi Sunak urged to ‘turn wise words into action’ by FSB chair after small retailers feel ‘abandoned’ March 11, 2022 The chair of the Federation of Small Businesses (FSB) has urged chancellor Rishi Sunak to “turn wise words into action”, after the vast majority of micro firms said they felt “abandoned” by his policies. As the cost of living crisis continues to bite for retailers and consumers alike, 2,000 independent retailers were surveyed through Not [...]
Brexit has dented Britain’s exports when we should be relaunching our global brand March 11, 2022 It is fair to say that this government is facing a myriad of challenges. Having pushed Brexit through and just about overcome the pandemic, the government is now facing war in Ukraine and a cost-of-living crisis at home. On top of this, the structural challenges of “levelling up”, boosting growth, and making a success of [...]