TODAY: Boris Johnson to unveil largest military spending increase in decades November 19, 2020 Boris Johnson will today announce he is tripling a planned increase of the country’s military budget in what will be the largest defence investment in decades. The government will spend an extra £16.5bn on the UK’s military over the next four years, which will take the total increase over this time period to about £24.1bn. [...]
Dom’s next job could be in cyber — he just needs the right retraining opportunities November 18, 2020 Dominic Cummings, like many other Brits this year, is considering his next career move. While someone of his stature might have many doors open, a route to a new career is not as clear-cut for most people in the middle of their working lives. A key pledge from the government is to provide long-term support [...]
Brexit: ECB demands UK banks to move City staff to Europe despite Covid November 18, 2020 The European Central Bank (ECB) has said in no uncertain terms that it expects UK-based lenders to move staff and assets to the Eurozone if they want to keep serving the bloc’s clients after the Brexit transition period. The Bank, which regulates the Eurozone financial system, told banks they could not use coronavirus as an [...]
Ex-Australia PM Tony Abbott pushes for UK-Australia trade deal to be closed this year November 18, 2020 Former Australian Prime Minister Tony Abbott has today put pressure on the UK to wrap up a trade deal with his home nation before the end of the year. Abbott, who is now a top trade adviser to the UK government, said he wanted both sides to “put all their cards on the table” before [...]
Standing up for the recovery: an interview with Lloyds Banking Group’s London ambassador November 18, 2020 Ed Thurman has a different perspective – literally – from most people on banking and how the country can recover from the pandemic. Firstly, he holds two very different senior positions at Lloyds Banking Group: managing director for global transaction banking and ‘ambassador for London’. Secondly, he is 6ft7in tall and has spent most of [...]
Relentless November 18, 2020 Surging Higher Bitcoin continued its relentless surge higher and after breaching the $18,000 level, the upside temporarily stalled at $18,500, but the dip buying interest was so strong that the dip into the low $17,000 was brought-up without any hesitation. The path towards an all time high is very much in sight. Similarly, Ethereum also [...]
SSE takes Covid profit hit amid green energy push November 18, 2020 Energy giant SSE today said that profit before tax had fallen a quarter in the first half of the year due to the coronavirus pandemic. The FTSE 100 company said that the pandemic had cost it £115m over the last six months, with full year costs between £150m and £250m forecast. Adjusted profit before tax [...]
UK and EU ‘have made progress’ on Brexit talks, business secretary says November 18, 2020 Business secretary Alok Sharma said the EU and UK “have made progress” on a post-Brexit trade deal, amid chatter that an agreement could be reached next week.
FTSE 100 dips as coronavirus infections come back into focus November 18, 2020 The FTSE 100 has fallen for a second day as investors return their focus to rising coronavirus cases and new restrictions after positive vaccine news boosted global markets. London’s blue-chip index was down 0.5 per cent shortly after the open, taking it to 6,336 points. The FTSE 250 of slightly smaller firms was 0.2 per [...]
European car sales fall in October as new restrictions kick in November 18, 2020 The European car market fell again in October having only recorded its first increase this year the month before, new figures today showed. Last month sales of new cars declined 7.8 per cent to 953,615 units as governments across the continent began to impose new lockdown restrictions. The figures, from trade body the European Automobile [...]