Explainer: Another problem with HS2 January 27, 2023 Britain is a country of many things, but right now, its railway is known for all the wrong reasons. On top of the strikes that make it impossible to plan a trip anywhere in the country – or to know whether you’ll manage to catch your flight from Stansted – the HS2 is back on [...]
Hunt: ‘No conceivable circumstances’ where HS2 does NOT reach Euston – as £1bn spend on its station is breached January 27, 2023 HS2 Ltd’s work at Euston started six years ago with more than £1 billion already spent, as chancellor Jeremy Hunt said it’s not “conceivable” it won’t reach London. Chancellor Jeremy Hunt said he did not see “any conceivable circumstances” in which HS2 would not run to its planned central London terminus at Euston, amid reports [...]
The best cut is inflation: Hunt hits back at recession ‘declinism’ but appears to rule out tax cuts in March budget January 27, 2023 Jeremy Hunt today hit back at gloomy assessments about the UK’s economic prospects but told voters not to expect tax cuts at the March budget. In a speech at Bloomberg, the chancellor said “declinism about Britain is just wrong” adding that the economy has actually grown faster than fellow G7 nations France, Italy and Japan. [...]
Water company shareholders will need to help vulnerable customers bear the cost of living squeeze: Ofwat January 27, 2023 Ofwat has suggested shareholders in water companies should cough up more money to support customers over the coming years.
Superdry’s shares plunge 16.5 per cent as retailer downgrades guidance amid £17.7m of losses January 27, 2023 Superdry’s shares plunged 16.5 per cent this morning after the retailer downgraded its-full year guidance amid soaring losses. Instead of a profit of between £10m and £20m Superdry expects to break even, after losses soared to £17.7m in the first half of its 2023 financial year. This is a £21.7m decrease when compared to a [...]
HS2: Delayed AGAIN or scrapped for good? Govt refuses to say if expensive project will ever terminate at London Euston January 27, 2023 The Government has refused to confirm that HS2 will reach its central London terminus at Euston following reports that it may be delayed or scrapped. The Sun said soaring inflation means that the high speed rail project may not run to Euston until 2038 – or be scrapped completely, with trains instead stopping at a [...]
Bestway Group ‘not considering’ bid for Sainsbury’s despite snapping up major stake in supermarket giant January 27, 2023 Bestway Group has expanded its investment empire to British supermarkets, snapping up a stake in Sainsbury's.
London hydrogen fund looks Stateside as UK falls behind on green subsidies January 26, 2023 A London-listed green hydrogen investor will pivot towards opportunities in the US to make the most of new subsidies.
US economy races ahead of UK despite Federal Reserve crushing Americans with rate hikes January 26, 2023 The US economy is growing much faster than expected despite the Federal Reserve piling pressure on Americans with aggressive interest rate hikes to tame inflation, official figures out today show. Stateside gross domestic product (GDP) climbed 2.9 per cent over the three months to December, better than the 2.6 per cent growth pencilled in by [...]
Analysis: A wind brewing over energy subsidies January 26, 2023 Windfall taxes, state aid rules, subsidies in the US. Comment and Features editor Sascha O’Sullivan looks at the brewing storm over incentives for climate firms in the UK – and holding onto the ones we have. Of all the arguments during Brexit, state aid was hardly the one to get the most airtime. But it’s [...]