Boris Johnson’s sanctions tread on almost no one’s toes February 24, 2022 IF you’re going to talk the talk, you better be able to walk the walk; it is a helplessly overused cliché, but as Boris Johnson tries to assert a firm hand of Global Britain with economic sanctions against Russia, it is the simplest words that ring true. Over the last few weeks, the prime minister [...]
London Stock Exchange’s FTSE 100 plunges by more than 200 points as Ukraine war heats up rapidly February 24, 2022 The London Stock Exchange’s leading FTSE 100 index plunged more than 200 points, or 2.7 per cent, within moments of opening in reaction to Russia’s invasion of Ukraine. In response to the situation in Ukraine, Boris Johnson is leading a crisis meeting of senior ministers and officials to consider how to respond to Vladimir Putin’s [...]
Bank of England Governor Bailey doubles down on pleas to go easy on pay demands February 23, 2022 The Governor of the Bank of England yesterday doubled down on his pleas to workers to temper pay demands despite households facing the worst cost of living squeeze in a generation. Andrew Bailey added to his previous comments when responding to a grilling by MPs, also calling on businesses to exercise restraint during price setting [...]
BoE deputy governor voted for ‘front-loaded’ tightening to quash wage pressures February 22, 2022 Strengthening wage pressures risking further upside inflation surprises led a deputy governor at the Bank of England to vote for a “front-loaded tightening in monetary policy”. Sir Dave Ramsden, a member of the Bank’s rate setting committee who voted for a 50 basis point rate hike at Threadneedle Street’s last meeting, said yesterday further hikes [...]
Storm Eunice dampens retailers’ hopes for half term footfall boost February 22, 2022 Bad weather dampened high streets’ recovery last week with retail footfall dropping 3.8 per cent across the country. Retailers were hoping for a booming half term, however all three types of retail destinations – high streets, retail parks and shopping centres – marked a footfall drop. According to retail experts Springboard, Storm Eunice resulted in [...]
UK says Russian invasion of Ukraine has begun: Boris Johnson says first sanctions coming today February 22, 2022 Russia’s invasion of Ukraine has begun, UK Health Secretary Sajid Javid said this morning, making the imposition of Russian sanctions imminent. Prime Minister Boris Johnson has said the “first barrage of UK economic sanctions against Russia” will be revealed today as he warned Vladimir Putin is bent on a “full scale invasion of Ukraine”. It [...]
Exclusive: Good Energy chief slams poorly run companies in worsening market crisis February 22, 2022 The energy crisis has been worsened by poorly managed energy firms and price competition, argues Good Energy boss Nigel Pocklington.
Government rolls out further £200 saving to low income households with £67m insulation plan February 21, 2022 Thousands households will benefit from a further reduction in energy bills as part of the government’s insulation upgrade plans.
Exclusive: UK’s leading fintech bosses call on government to ramp up efforts to overhaul regulation February 21, 2022 A group of the UK’s leading fintech bosses have called on the Government to ramp up efforts to overhaul regulation and build a world-leading environment for the sector, in a letter seen exclusively by City A.M. Bosses at over 70 of the biggest fintech firms in the UK, including digital banks Monzo and Starling, payments [...]
The fierce wind of Storm Eunice shows why we must not forget about climate change February 21, 2022 Storm Eunice hit on Friday, bringing disruption across the country and once again focusing minds on climate change and how it may impact our lives in the future. Scientists are often reluctant to blame specific weather events on climate change, but the Met Office predicts that in future the UK will see warmer and wetter [...]