Enough windfall taxes: We need oil and gas to go green May 10, 2023 The UK will need oil and gas for decades to come - despite renewables' progress- making calls for toughened windfall tax dubious.
Credit crunch: Data suggests high street banks reining in small business lending already May 10, 2023 Small and medium-sized enterprises (SMEs) are increasingly concerned about lending conditions as new data shows that high street banks are pulling back from SME lending.
Explainer: Will Michael Gove protect the Victorian outlook of Liverpool Street station? May 9, 2023 What do Stephen Fry – the actor and broadcaster – and Tracey Emin – the artist – have in common? A battle with Levelling Up Secretary Michael Gove, apparently. Both have called on Gove to stop the £1.5bn development project that would change the Victorian face of Liverpool Street station forever. The terminal of the [...]
Mortgages: Are 100 per cent no deposit loans about to make a comeback? May 9, 2023 One of the UK’s largest building societies is considering launching a no deposit, or 100 per cent loan to value mortgage. Mortgages which do not need a downpayment, or deposit, were phased out after the financial crisis. Although 100 per cent or zero deposit mortgages have been available since 2009, lenders will only offer them [...]
Bank of England to hike interest rates for 12th time in a row and forecast falling inflation May 9, 2023 The Bank of England is poised to intensify the strain on households and businesses’ finances by hiking interest rates for the 12th time in a row this Thursday in a bid to bring down inflation, City analysts are betting. Threadneedle Street’s nine-member Monetary Policy Committee (MPC), the group tasked with setting official borrowing costs in [...]
UP THE JUNCTION: Why Clapham’s pubs seem to be recession-proof May 8, 2023 Few London neighbourhoods can stir up conversation like Clapham does. Known for its cringey nightclubs and spawning array of trendy coffee shops, the region has long served as a first home for junior account execs and recruiters arriving in the capital to begin their careers and get a taste of city life. It’s also got [...]
Asos: Will fast fashion darling see share price fly off the shelf? May 7, 2023 Online fashion giant Asos is expected to post another half-year loss and shareholders will hope for signs of improving demand from cash-strapped shoppers. It is among fast-fashion retailers to have become heavily pressurised over the past year by a brutal combination of rocketing costs, supply chain disruption and weaker consumer spending. The FTSE 250 company [...]
Charles crowned King at Westminster Abbey as world watches May 6, 2023 The King has been crowned the nation’s monarch and prayed to be a “blessing” to people of “every faith and conviction”. Charles became the 40th reigning sovereign to be crowned at Westminster Abbey, the nation’s coronation church since 1066, as Archbishop of Canterbury Justin Welby placed St Edward’s Crown on his head. The historic moment, [...]
Former prime ministers gather for King’s coronation May 6, 2023 Seven former prime ministers gathered to attend the coronation, including Liz Truss, whose brief tenure in No 10 included the late Queen’s death and the King’s accession. Ms Truss followed her predecessors Boris Johnson, Theresa May, David Cameron, Gordon Brown, Sir Tony Blair and Sir John Major into Westminster Abbey for the coronation. The UK [...]
King and Queen begin procession to Westminster Abbey May 6, 2023 The King and Queen’s procession has left Buckingham Palace to cheers from the waiting crowds in The Mall as the moment of their coronation drew closer. Charles and Camilla waved to thousands of spectators lining the street as leading figures began to join members of the congregation in Westminster Abbey. The list of 2,300 invited [...]