Bank of England has undercooked inflation forecasts again, City economists warn February 7, 2022 The Bank of England has undercooked its forecasts for inflation again in a sign the cost of living squeeze will get worse before it gets better, reveals new estimates from City economists. Inflation will peak at 7.5 per cent in April, higher than the Bank’s expected peak of 7.25 per cent in its latest forecasts, [...]
Portrayed as Lady Macbeth, Carrie Johnson’s influence is under scrutiny as ‘enemies are running a brutal campaign’ February 7, 2022 Boris Johnson’s wife Carrie has said that even though she does “not play a role in Government” she has been targeted by “enemies” of the Prime Minister in a “brutal briefing campaign”. The Prime Minister’s wife issued a rare statement through her spokesperson on Sunday evening, after a Cabinet minister suggested she was coming “under [...]
Live to fight another day: Crucial week for Boris Johnson with new team on a mission to kill off backbenchers’ final concerns February 7, 2022 Boris Johnson is heading into a new week hoping changes to his top Downing Street team will ease the concerns of backbenchers who were wavering about his future. The Prime Minister made key changes over the weekend, appointing Chancellor of the Duchy of Lancaster Steve Barclay as his new chief of staff and journalist and [...]
Durham police: Sir Keir Starmer in the clear over office beer during lockdown February 7, 2022 Sir Keir Starmer has been cleared of an allegation he broke lockdown rules after he was filmed drinking a beer in an office. Durham police said this morning they did not believe any offence was committed. The Labour leader was in the City of Durham MP’s office, working in the run-up to the Hartlepool by-election [...]
No 10 liaises with Australia’s Macquarie Group over £10bn investment February 6, 2022 No 10 is in talks with Australian financial services group Macquarie over a possible £10bn investment in the UK’s infrastructure – the largest investment ever made by a foreign company. Downing Street officials have been negotiating with the bank’s management for the past few weeks, Sky News has learnt, to divide the £10bn between existing [...]
Meet WasteFuel, the company helping Maersk achieve its decarbonisation goals February 5, 2022 Shipping giant Maersk has recently made industry headlines when it announced it had decided to anticipate its net-zero deadline by a decade. Maersk, the second largest shipping operator in the world, announced in January it would become net-zero by 2040, a decade before its original target. Instead of complying with the International Chamber of Shipping’s [...]
Boris Johnson lashes out at Bank of England governor Andrew Bailey: Do not show pay restraint February 5, 2022 Downing Street stressed this afternoon Boris Johnson fiercely disagreed with Bank of England Governor Andrew Bailey over his call for workers to show “restraint” over pay rises amid high inflation. The Prime Minister’s official spokesman said: “It’s not something that the Prime Minister is calling for. We obviously want a high-growth economy and we want [...]
Downing Street rushes to stress relation between PM and Chancellor is ‘good’ while Boris Johnson turns to Lion King after staff exodus February 4, 2022 Downing Street insisted this afternoon that relations between Boris Johnson and Chancellor Rishi Sunak are “good”. The Prime Minister’s official spokesman said: “I don’t know when they last spoke, they speak almost daily, but I don’t know the exact last time.” Asked how relations are between No 10 and No 11, he said: “Good – [...]
Tech stocks in a valley February 4, 2022 Just when Silicon Valley thought things couldn’t get any worse, they did. Meta tanked over 25 per cent on Wall Street yesterday, losing around $200bn (£147bn) in value, dragging the tech-heavy Nasdaq down along with it.
Amazon’s sales forecast misses estimates as it hikes Prime membership in US February 3, 2022 Amazon.com said it raising the price of its Prime subscriptions, as it looks to offset higher shipping costs and wages even after beating profit expectations for the holiday quarter. Shares rose 17 per cent in after-hours trade, after dropping nearly eight per cent before the market’s close as part of a broader technology stock sell-off. [...]