Let there be light: Where to buy neon art for your home October 29, 2021 Ever fancied turning a spare room into a screening room for cosy nights in? Last year I gutted my spare room and my shower room in an ill-conceived bid for some lockdown home improvements (sounds familiar?), then, having turned my home upside down, I found myself time-poor and have been living with the mess ever [...]
Millions face swelling mortgage bill as lenders brace for rate hike October 29, 2021 Households across the UK face swelling mortgage costs on top of higher tax bills and an increasing cost of living. Several of Britain’s big players in the mortgage market lifted interest rates on their products immediately after the budget this week in anticipation of a looming rate hike from the Bank of England. HSBC, Barclays [...]
Big Issue founder says Boris Johnson ‘owes’ him for not standing for London mayor October 29, 2021 Big Issue founder Lord Bird says Boris Johnson “owes him” for not standing for London mayor, and he is now calling in the debt from the current Prime Minister to tackle the homeless crisis. Speaking at Westminster, the campaigning independent peer told how Johnson had “jumped in the air” when he turned down a request [...]
Shell hits back as activist Loeb calls for breakup October 28, 2021 Under-fire energy giant Shell yesterday shot down suggestions from US hedgie Daniel Loeb’s Third Point that it should split up its divisions. CEO Ben van Beurden warned the activist intervention could derail the FTSE major’s climate transition plans. His defensive move follows Third Point acquiring a $750m majority stake in the company, while pension fund [...]
Shell earnings slide and shareholders miss out following £3.4bn pay day October 28, 2021 Shell adjusted earnings slipped 25 per cent to $4.1bn in its third quarter unaudited results, while its shareholders missed out following their hefty pay day. Shareholders lost $477m in the period, after raking in $3.4bn in the previous quarter. Shares dipped 2.89 per cent to 1,714.6p per share by mid-afternoon. Shell put the quarter’s earnings [...]
Forget the pandemic: Brexit’s impact on UK economy will be much worse, warns fiscal chief October 28, 2021 The consequences of the UK leaving the European Union will be much more serious than the economic impact of the pandemic, the boss of the UK’s fiscal watchdog warns this morning. The Office for Budget Responsibility (OBR) had assumed leaving the EU would “reduce our long run gross domestic product by around 4 per cent”, [...]
Before we give London’s transport to the rest of the UK, we should fix it here first October 28, 2021 The only standout mention of the capital in yesterday’s budget was a promise to bring “London-style transport settlements” to regions across the country. On the face of it, this is an entirely sensible aspiration. Many other cities would love to have London’s mix of cheap, frequent buses with flat fares, a fast reliable and wide-ranging [...]
Before we give London’s transport to the rest of the UK, we should fix it here first – CityAM : CityAM October 28, 2021 The only standout mention of the capital in yesterday’s budget was a promise to bring “London-style transport settlements” to regions across the country. On the face of it, this is an entirely sensible aspiration. Many other cities would love to have London’s mix of cheap, frequent buses with flat fares, a fast reliable and wide-ranging [...]
France to ban UK seafood in retaliation for withholding fishing licences October 27, 2021 France will next week ban British seafood exports and disrupt trade of other goods if the UK does not grant a swathe of fishing licences. French President Emmanuel Macron escalated the feud between himself and Downing Street today, with Elysee spokesperson Gabriel Attal saying “we won’t let the British wipe their feet on the Brexit [...]
Budget: Sunak unveils high spending and business rates cutting post-Covid Budget October 27, 2021 Rishi Sunak has increased day-to-day departmental spending by £150bn in today’s Budget, in what has been billed as the largest increase in the last century, and slashed business rates. Sunak said the £150bn boost would see every government department’s budget increase, while the tax cuts will see business rates slashed by £7bn. The chancellor also [...]