Buckle up: Wild ride on Wall Street as rate rise talk spooks investors January 10, 2022 An explosive Goldman Sachs note triggered a day of drama on Wall Street today after the investment bank warned of as many as four US Fed rate rises in 2022 alone. The tech-heavy Nasdaq crashed by as much as 2.7 per cent in early trading, tipping it briefly into correction territory. A late rally saw [...]
Central London continues to feel impact of Plan B measures January 10, 2022 Central London has suffered another blow to its recovery as shoppers stay away from the city’s retail hotspots. Footfall in the West End and other areas dropped by more than a quarter (25.6 per cent) last week compared to the week before. “With employees continuing to work from home the drop in footfall in Central [...]
Leaked email proves Downing Street had lockdown-busting party in May 2020 January 10, 2022 Downing Street staff were invited to a party during the height of lockdown in May 2020 to “make the most of the lovely weather”, a new leaked email has revealed. An email was sent by the Prime Minister’s Principal Private Secretary Martin Reynolds to more than 100 staff in Number 10, telling them to “bring [...]
London confidence in Met Police plummets amid series of controversies January 10, 2022 Confidence in the Metropolitan Police has dropped in the past year, according to new research, while the first part of the inquiry into Sarah Everard’s murder is underway. Research by the Police Foundation and Crest Advisory found “worrying evidence” that trust and confidence in the Met police had worsened amid a series of controversies. It [...]
Number 10 calls for ‘restraint’ on MPs pay rise in face of planned £2,000 increase January 10, 2022 Downing Street has today called on parliament’s standards body to “show restraint” and not give MPs a large pay rise in April given the current cost of living crunch faced by families. The Independent Parliamentary Standards Authority (IPSA) is set to increase MPs’ pay by £2,000 on 1 April in line with public sector pay [...]
Morning snapshot: Your Daily Dose of pre-market news January 10, 2022 It’s Monday 10 January. Here is a quick overview of the stories that are making headlines this morning in the UK and around the world. UK POLITICS Cladding: Developers must agree a £4 billion plan to fix dangerous cladding on low-rise flats by early March or risk new laws forcing them to act, Housing Secretary [...]
Sunak: Britain poised to unlock well of untapped digital innovation January 9, 2022 BRITAIN is set to unleash a wave of economic growth by unlocking a well of untapped digital innovation, according to Chancellor Rishi Sunak. Fast growing startups and fintech firms are poised to propel the UK economy into a new digital age. “The digital economy… is a huge opportunity for us. We have one of the [...]
Dominic Cummings: No 10 may have broken lockdown rules January 8, 2022 Former Downing Street adviser Dominic Cummings said a "senior No 10 official" invited people to "socially distanced drinks" in the garden in May 2020.
Questions grow over Boris Johnson’s ‘Great Exhibition 2’ promise via WhatsApp to Tory donor who paid £112k for flat January 7, 2022 The Prime Minister’s apparent support for a “great exhibition” plan backed by a Tory donor who helped pay for the refurbishment of his Downing Street flat is under scrutiny this morning. Whatsapp messages released yesterday showed Boris Johnson discussed the proposal with Lord Brownlow while at the same time as requesting his help with the [...]
Two CEO success stories should put nonsense comparison to bed January 7, 2022 Today marks what unions and one particular think tank term ‘high pay day.’ It’s the day at which an average FTSE 100 CEO has earned the equivalent of the whole-year earnings of the so-called average worker. As ever, the comparison is facile, the implication idiotic, and it is deserving of no more than these few [...]