Brexit: EU ambassador hits out at Truss for ‘unhelpful’ comments on NI Protocol January 9, 2022 A war of words between the UK and EU over the post-Brexit Northern Ireland Protocol has reignited just days before negotiations are set to resume. The EU’s ambassador to the UK Joao Vale de Almeida today said renewed threats by foreign secretary Liz Truss to trigger Article 16 and suspend the protocol were “unsurprising” and [...]
UK businesses pay more than EU firms for emission trading post Brexit January 9, 2022 UK businesses are paying 10 per cent more than their EU counterparts to trade their emissions following Brexit. As a result of the government’s refusal to link the UK carbon market to the EU’s, British firms pay more than £75 per tonne of CO2, while EU businesses pay up to €85 (£71), the Guardian reported. [...]
Sainsbury’s reveals 5.3 per cent pay hike for shop staff in £100m investment January 7, 2022 Sainsbury’s has announced it will be investing £100m into pay increases for staff, with a basic hourly pay of at least £10. Basic hourly pay for Sainsbury’s and Argos store workers will rise to £11.05 for inner London and £10.50 in outer London, the supermarket revealed on Friday. The company said it was also increasing [...]
If the first few days of 2022 are anything to go by, Bitcoin’s in for an interesting year January 7, 2022 Jason Deane says we can be sure that we’re in for a fascinating twelve months in cryptocurrency.
Freezing personal allowance and higher rate tax rates will push 1.2m Brits over 40 per cent tax threshold January 7, 2022 New research shared with City A.M. this morning shows that over one million more people will pay a higher tax rate by 2026. The analysis by the House of Commons Library – first published in The Daily Telegraph – says around 1.2m additional workers will find their earnings going over the 40 per cent tax [...]
Combination of Covid, Brexit and transition towards net-zero economy to end decades of declining ‘job churn’ in UK January 6, 2022 Decades of declining “job churn”, which has meant fewer risks and opportunities for workers, is likely to be upended in the decade ahead as the combination of Covid-19, Brexit and the transition towards a net-zero economy brings about major changes in the UK economy, according to a new report. In fact, the view that robots [...]
Cryptocurrency drop echoes wider sentiment across stock markets January 6, 2022 Bitcoin fell below $43,000 in the early hours of this morning, testing lows not seen since the start of December.
Westminster watch: Four potential political scenarios to watch for in 2022 January 6, 2022 A new year has dawned on Westminster and 2022 is set to be another wild year in the world of British politics. With Boris Johnson suffering from the mid-term blues, Covid raging and Brexit far from settled there are bound to be many dramatic twists and turns this year. Here are four potential political scenarios [...]
UK fintech investment surges after regulation refresh January 6, 2022 Investment into UK fintech firms surged last year as investors looked to capitalise on new regulation in the sector, research has revealed. Total investment into British fintechs jumped more than 217% to $11.6bn in 2021, second only to US firms globally which saw $46bn of investment, according to figures from Innovate Finance, the UK fintech [...]
Labour hits out at Boris Johnson for saying UK inflation fears are ‘unfounded’ January 5, 2022 Labour has attacked Boris Johnson for his allegedly complacent attitude on rising UK inflation, with deputy leader Angela Rayner hitting out at the Prime Minister for not easing the cost of living crunch for British families. Rayner, who was filling in today for a Covid-positive Sir Keir Starmer, called out Johnson in Prime Minister’s Questions [...]