The long shadow of Dominic Cummings might just start an invention boom January 30, 2023 ARIA, the government sponsored independent body is designed to fund new scientific and innovation projects. It might the last hangover of Dominic Cummings in Downing Street, writes Eliot Wilson
Boris: Putin threatened me with a missile strike – that would ‘only take a minute’ January 30, 2023 Boris Johnson has claimed that Vladimir Putin told him “I don’t want to hurt you, but with a missile, it would only take a minute”, in a call ahead of the Russian invasion of Ukraine. The former prime minister said the “extraordinary” conversation took place in February after he had visited Kyiv in a last-ditch [...]
Bank of England, Fed and ECB to heap more pain on global economy – but could peak rates be in sight? January 29, 2023 City traders are gearing up for a week in which the world’s top central banks will heap even more pain on households and businesses by hiking interest rates to tame inflation – but they could send the first signal indicating they will stop doing so soon. The UK, US and eurozone economies are beginning to [...]
Fleet Street site amongst a host of Barclays bank branch closures January 28, 2023 Barclays has announced the closure of 15 branches across the country, meaning over 100 banks are slated to shut down so far this year. The bank is set to close 14 branches across England and one in Wales from late April to the first few days on May. Sites in London, Gosport, Bridgwater and St [...]
‘I haven’t paid an HMRC fine’ Hunt confirms, as calls mount for Zahawi to go over tax fiasco January 27, 2023 Chancellor Jeremy Hunt said he has never paid a tax fine, as ministers’ financial affairs come under scrutiny amid growing calls from Conservatives for Nadhim Zahawi to stand down. Hunt raised suspicions by twice refusing to say whether he has paid a penalty as he took questions after an economic speech, claiming the public are [...]
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 [...]