Childcare rules on Universal Credit are keeping single parents out of work February 24, 2023 If Rishi Sunak wants a balanced budget to put life back into Britain’s workforce, he needs to help single mothers on welfare back to work.
FTSE 100 close: London index slides into red despite Rolls-Royce scaling more than 20 per cent February 23, 2023 London’s FTSE 100 fell further away from the 8,000 point mark again today despite investors pouring into aerospace giant Rolls-Royce. The premier index shed 0.29 per cent to close at 7,907.71 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.59 per cent to [...]
Hays CEO steps aside as recruitment firm’s half year profits fall amid fears of tougher labour market February 23, 2023 London-listed recruitment firm Hays is on the hunt for a new chief executive, as the firm sees net fees rise 15 per cent but profits fall during the last half of 2022. Alistair Cox, said he was stepping down after 15 years at the helm, however he will remain to steer the company until a [...]
Explainer: If the middle class can’t afford electric cars, what about everyone else? February 23, 2023 Green innovation always had one big problem to grapple with: affordability. Healthy, organic food is great, but not as long as it’s affordable only for the privileged few clients of Planet Organic. A pair of sustainable socks can cost you up to £30. This is not to say that those who can afford to make [...]
Bank of England Mann warns interest rates need to keep rising to squash inflation February 23, 2023 Interest rates in the UK will have to keep rising to prevent inflation sticking around for too long, a member of the Bank of England’s monetary policy committee (MPC) warned today. Catherine Mann, who joined the rate setting group in September 2021 as an external member, said at an event hosted by the Resolution Foundation [...]
Looking at securities fraud in crypto, what makes a lawyer worry, and the famous ‘uncertainty principle’ February 23, 2023 Crypto lawyer Charlie Kerrigan examines the uncertain world of US securities laws and why they can be applied in the UK.
UK will have highest growth in G7 under Labour, Keir Starmer pledges February 23, 2023 The UK should become the highest growth economy in the G7, Labour leader Sir Keir Starmer has said, as he unveiled a package of national missions. Speaking in Manchester this morning, Sir Keir revealed a set of five ambitions for the country, with a general election expected to take place in the next 18 months. [...]
Volatility returns to crypto markets and Bitcoin is back over $24k following mixed inflation info February 23, 2023 Bitcoin retraced after the Fed’s mixed messaging of slowing markets with persistent high inflation before rallying again to $24,454.
Heathrow narrows losses to £1.3bn thanks to travel bounce back February 23, 2023 Heathrow Airport narrowed its losses sharply in 2022 amid a bounce back in travel demand, but said results were weighed on by surging cost pressures and lower passenger numbers. The group reported underlying pre-tax losses of £684 million for last year, against losses of £1.3 billion in 2021. It said no dividends were paid in [...]
Ukraine war fuels record orders of £37bn for arms titan BAE Systems February 23, 2023 The war in Ukraine helped to boost arms and combat vehicle manufacturer BAE Systems as it reported record orders of £37bn. The company’s sales were up 4.4 per cent in the last year to £23bn as conflict rages in Europe for the first time in decades, while Ukraine’s president recently toured the continent pleading for [...]