Petrol price plummets to below 150p for first time since Russia invaded Ukraine January 10, 2023 The average price of petrol has fallen below 150p per litre for the first time in more than 10 months. Figures from data company Experian show the average price of a litre of the fuel at UK forecourts on Monday was 149.7p. The reduction of nearly 42p from the record high of 191.5p in July last year, [...]
Which? demands boost to aviation regulator’s powers as passengers fume at airlines January 9, 2023 Which? has called on the government to bolster the aviation watchdog’s powers as fresh data reveals that passengers are losing faith in airlines’ ability to provide good customer service. Data published today by the consumer champion found that 39 per cent of adults who flew between January and October 2022 didn’t trust that airlines would [...]
Decentralised open source protocols = freedom January 8, 2023 Dr Kacher explains how Web3 enables decentralised DAOs which offer open source protocols that are funded by DAOs and NFTs.
Fintech overhaul: Jack Ma to relinquish control of Chinese giant Ant January 7, 2023 Ant Group’s founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years ago. Ant’s $37bn IPO, which would have been the world’s largest, was cancelled at the last minute in November [...]
RAC calls on Tesco and others to cut fuel prices as costs fall January 6, 2023 The RAC has called on Big Four supermarkets such as Tesco to further cut fuel prices as diesel and petrol prices fell by around 9 per cent in December. Data published today by the motoring group show that petrol went down by 8.4p to 151.1p per litre in December, whilst diesel decreased by 9.4p to [...]
Best of tech opinion in 2022 December 29, 2022 From Elon Musk and Mark Zuckerberg to algorithms keeping us in with our daily dose of otters, some of the best tech opinion in City A.M.
Under the pump: Priti Patel among 29 MPs to back call for fuel pricing watchdog December 28, 2022 Priti Patel has joined almost 30 other colleagues in calling for a pump pricing watchdog to tackle the soaring fuel costs for motorists. The former home secretary signed a letter backing FairFuelUK’s call for an oversight body and commissioner to keep prices down, which is also supported by Dame Andrea Leadsom. This comes as motoring [...]
Government ‘will not hesitate’ to ensure retailers give drivers fair fuel prices December 23, 2022 Fuel retailers have been threatened with state intervention over prices by the business secretary, who urged companies “to take any steps necessary” to ensure affordable prices for drivers. In a letter to retailers on Thursday, Grant Shapps said the government “will not hesitate to act to ensure competition is healthy and consumers get a fair [...]
FinTech sector asks UK government for more clarity in 2023 December 22, 2022 A group of UK based FinTech companies have written an open letter to the Financial Conduct Authority (FCA) calling for greater clarity on how open banking will be regulated from 2023 onwards. The letter criticizes the Joint Regulatory Oversight Committee (JROC), a regulatory body established in March by the Competition and Markets Authority (CMA). The [...]
Car premiums increase 17.4 per cent after FCA price walking ban December 20, 2022 The average car premium has soared 17.4 per cent in the past year, according to recent research. Data published today by market researcher Consumer Intelligence shows that average premiums now cost £877, surpassing by 6.7 per cent current inflation rates. According to senior insight analyst Georgia Day, the unsurprising surge has been driven by the [...]