Boris Johnson paid £500K advance for memoirs – as public foot £222K bill for his partygate legal fees January 27, 2023 Boris Johnson has picked up an advance of more than £500,000 for his forthcoming memoir, as it emerged taxpayers face a bill of £222,000 for his legal fees to defend himself in the partygate inquiry. The former prime minister’s latest entry in the Register of Members’ Interests says that he “received £510,000 as an advance [...]
Superdry’s shares plunge 16.5 per cent as retailer downgrades guidance amid £17.7m of losses January 27, 2023 Superdry’s shares plunged 16.5 per cent this morning after the retailer downgraded its-full year guidance amid soaring losses. Instead of a profit of between £10m and £20m Superdry expects to break even, after losses soared to £17.7m in the first half of its 2023 financial year. This is a £21.7m decrease when compared to a [...]
London hydrogen fund looks Stateside as UK falls behind on green subsidies January 26, 2023 A London-listed green hydrogen investor will pivot towards opportunities in the US to make the most of new subsidies.
The best shows to see at Vault Festival, London’s answer to the Edinburgh Fringe January 26, 2023 After a two year hiatus, the UK’s second biggest festival is underway beneath Waterloo Station. Adam Bloodworth spicks out the top shows T he UK’s second biggest festival has opened its doors in a hundred-year-old vault under Waterloo Station. The Vault Festival programmes features over 500 performers spanning comedy, theatre and circus, with shows running [...]
US economy races ahead of UK despite Federal Reserve crushing Americans with rate hikes January 26, 2023 The US economy is growing much faster than expected despite the Federal Reserve piling pressure on Americans with aggressive interest rate hikes to tame inflation, official figures out today show. Stateside gross domestic product (GDP) climbed 2.9 per cent over the three months to December, better than the 2.6 per cent growth pencilled in by [...]
‘No penalties for innocent tax errors’: Head of HMRC piles more pressure on Zahawi January 26, 2023 The boss of HM Revenue & Customs (HMRC) has told MPs there are “no penalties for innocent errors”, as he was quizzed on the tax furore surrounding Nadhim Zahawi. HMRC chief executive Jim Harra, appearing before the Public Accounts Committee where he was due to discuss tax compliance and the pandemic, was pressed on some [...]
Zelensky in tell-all English interview says it’s ‘not correct’ to say if ‘good guy’ Boris Johnson should return as PM January 26, 2023 Ukrainian President Volodymyr Zelensky branded Vladimir Putin a “nobody” as he suggested that it was too late for face-to-face talks with the Russian leader to make any difference. Zelensky, who turned 45 on Wednesday, also praised his “special bond” with Boris Johnson but declined to say whether he would like to see him return as [...]
Elon Musk: Twitter a ‘powerful tool’ to drive Tesla’s demand as car maker’s revenue soars to $24.3bn January 26, 2023 Twitter is “an incredibly powerful tool” to drive Tesla’s demand, according to chief executive Elon Musk. “I really encourage all kinds of automotive companies to use their Twitter accounts in ways that are interesting, informative and entertaining and it will help drive sales just as it has with Tesla,” Musk told investors on Wednesday night. [...]
The Square Mile and Me: The Lord Mayor on Christopher Wren, the Old Dr. Butler’s Head and why he admires Willie Purves January 26, 2023 Every week we dip into the memory back of the City's great and good. This week it's the Lord Mayor of the City of London, Nicholas Lyons.
PMQs: Sunak to come under fresh scrutiny today amid Zahawi tax row and calls to fire Tory chair January 25, 2023 Rishi Sunak will come under fresh pressure over Nadhim Zahawi as he resists firing the Tory party chairman despite him being under investigation over his tax affairs. Labour leader Sir Keir Starmer is likely to seize on the fallout from Mr Zahawi’s multi-million pound settlement at Prime Minister’s Questions on Wednesday. The Prime Minister ordered [...]