Virgin Money shares soar after handing staff 10 per cent pay rise November 21, 2022 Virgin Money shares have jumped today after the company handed out 10 per cent pay rises to most of its 7,500 staff. The pay bump comes on top of a £1,000 one-off payment in August to help combat the cost of living crisis. Staff will receive around nine and 11 per cent extra across two [...]
Hunt hopes for an uneasy peace between the markets, voters and his own party November 21, 2022 At the dispatch box, Jeremy Hunt opted to forgo the traditional Budget day whisky when he delivered the Autumn Statement. Given the task he was facing, you could forgive him for having a drink. Burgeoning estimates of the fiscal black hole were well trailed by a Treasury desperate to manage expectations. The final figure was [...]
The year the music died? What energy bills and recession will mean for gigs November 21, 2022 Gigs have always been a great way to escape from the toils of everyday life – a few friends, usually a few drinks and great bands. But, what does a live music scene look like once you factor in spiralling inflation and rocketing energy bills for venues and consumers who can no longer afford to [...]
Tax hikes will cause national pain but London can still build its own growth plan November 21, 2022 Jeremy Hunt faced a difficult balancing act in the Autumn Statement last week. The state of affairs he outlined, albeit unsurprising, was still a stark warning about the precarious nature of our economy: a £55bn black hole in the nation’s finances. We now know how the government will seek to restore parity in the national [...]
Arm delays IPO plans as recession shakes markets November 20, 2022 British chipmaker Arm has pushed back its plans for an initial public offering this year as markets are rocked by recessionary fears and soaring inflation.
Zahawi says government still wants pre-election tax cuts November 20, 2022 The government still wants to cut taxes before the next General Election, Tory party chair Nadhim Zahawi has said. Zahawi said Jeremy Hunt “wouldn’t have a hope in hell” of cutting taxes before inflation dramatically reduces, but that the chancellor’s priority is to slash the tax burden once it has. Hunt moved to hike taxes [...]
Public finances in view after Hunt’s £55bn of spending cuts and tax hikes November 20, 2022 Traders will be keen to examine fresh public finances figures out this week to get a sense of the UK’s debt pile that pushed chancellor Jeremy Hunt into £55bn of spending cuts and tax hikes last week. London’s premier FTSE 100 index registered a solid performance last week, adding 0.92 per cent to close at [...]
Exclusive: Powerleague chief on price rises and making the ‘tinder of grassroots football’ November 18, 2022 On the eve of the World Cup, grassroots football is the focus for Powerleague boss Christian Rose, who has dragged it out of red and through pandemic with a metaphorical Cruyff Turn. The CEO has been in post for four years after being brought in during 2018 when the company was “not in great shape.” [...]
This shakeout isn’t done yet – there will be more crypto casualties November 18, 2022 Jason Deane carefully picks apart the events of the last week to see what effect they've had on the cryptocurrency markets.
The Tory knives are out as Jacob Rees-Mogg calls Hunt’s Budget cuts ‘undeliverable’ November 18, 2022 The Chancellor’s spending cuts may prove “undeliverable” as Jeremy Hunt faces criticism from a range of senior Tories for raising taxes as he seeks to rebuild the UK’s battered public finances. Former business secretary Jacob Rees-Mogg accused the Chancellor of taking the “easy option” in Thursday’s autumn statement rather than bearing down harder on public [...]