Inflation to peak at five per cent, warns Bank of England November 4, 2021 The Bank of England will persistently miss its inflation target over the next two years, according to fresh forecasts published by the Old Lady today. Officials on Threadneedle Street expect the rate of price rises to peak at five per cent in April next year and stay above its two per cent target in two [...]
Owen Paterson set to be suspended after major Johnson U-turn on sleaze reforms November 4, 2021 A motion to suspend ex-minister Owen Paterson for 30 days will come back before parliament next week, after a 24-hour Boris Johnson U-turn over the fate of the Tory MP. A vote to veto Paterson’s suspension and dismantle the standards process for MPs was rammed through parliament by the government yesterday in a move that [...]
Mayfair casino found guilty of discrimination by accommodating racist requests November 2, 2021 An employment tribunal has found that exclusive London casino, Crown Aspinalls, racially discriminated against one of its dealers by allowing a request by a patron not to have black dealers at their table.
French Connection £29m takeover approved by shareholders November 2, 2021 Fashion firm French Connection’s shareholders have put their support behind a £29m takeover. Buyer Apinder Singh Ghura – who has experience in the clothing sector as well as property and care homes – joined forces with partner Amarjit Singh Grewal, and KJR Brothers, headed by textile businessman Rafiq Patel. The move means the retailer is [...]
London is failing to make itself more accessible for those with disabilities November 2, 2021 Children with special education needs and disabilities were given a slice of Rishi Sunak’s spending spree last week, with £2.6bn set to be spent on things like more accessible classrooms. The current disability pay gap is 19.6 per cent. So focusing our energies where the cracks begin to emerge is a no brainer. But for [...]
Q&A: How tech is shaking up the banking sector November 1, 2021 A technological revolution is occurring, which is affecting all business sectors. And the Covid-19 pandemic has been accelerating this process. Banking is one area that has been particularly disrupted by technology for some time, but it was during the pandemic that customers really started to change their banking habits. Banking over the counter in High Street branches is [...]
Entente Discordiale: UK fires back in NI and French fishing Brexit rows November 1, 2021 The UK’s relations with its nearest neighbours have fallen to a new low over the weekend, with ongoing rows over fishing rights and Northern Ireland threatening to throw post-Brexit planning into chaos. First, Boris Johnson said it was “up to France” to solve a battle over fishing rights, with the UK Government still incensed after [...]
French president tells Johnson to ‘respect the rules’ amid post-Brexit fishing licence row October 31, 2021 French president Emmanuel Macron has told Boris Johnson to “respect the rules” amid a row over fishing licences, according to a French official. Though the French presidential official told reporters at the G20 summit today that “the goal for both the president and the prime minister was to work towards de-escalation” – Macron has said [...]
City brings forward bets on Bank of England rate hike to this week October 31, 2021 The Bank of England will hike interest rates this week to hose down runaway inflation, according to several grandee City investment banks. JPMorgan, Deutsche Bank, Morgan Stanley and Santander have all brought their bets on when the Old Lady will increase borrowing costs to this Thursday’s rate setting meeting. The strengthening bets have been driven [...]
UK donating tens of millions of Covid jabs to developing nations October 30, 2021 The Prime Minister has said the UK is set to donate tens of millions of coronavirus vaccines to developing nations. An additional 10 million doses of the Oxford-AstraZeneca jab will be donated over the coming weeks through the COVAX programme. This means the total sent for the year will hit 30.6m. There will be a [...]