Innovation can save our food system from climate threats July 21, 2022 ON TUESDAY, people in the UK experienced the hottest day on record. For those living in cities, there were sweltering commutes, walks through parched parks and a newfound gratitude for office air conditioning. Overnight rain broke some of the heat. But further afield, the National Farmers’ Union is warning of lower crop yields as a [...]
Venture capital ‘rock bottom’ is yet to be fully felt, KPMG exec warns July 21, 2022 The 'rock bottom' of a venture capital downturn is yet to be fully felt this year as deals struck in the first quarter unrealistically buoy investment figures, a KPMG venture chief warned today.
Exclusive: UK financial dealmaking slumps in value as recessionary fears take hold July 21, 2022 The volume of deals in the UK’s financial services sector rose to a seven-year high in the first half of the year but a looming recession and economic uncertainty caused the value of transactions to plunge, new figures have revealed.
FTSE 100 loses Wall Street bounce as banks falter July 20, 2022 A boost from a bumper day on Wall Street yesterday was not enough to help London’s FTSE 100 finish higher today. The capital’s premier FTSE 100 index shed 0.44 per cent to close at 7,264.31 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added [...]
Rishi Sunak or Liz Truss will be the next UK Prime Minister July 20, 2022 Either Rishi Sunak or Liz Truss will be the UK’s next Prime Minister, after coming out top in a series of Conservative MP votes that finished this afternoon. Rishi Sunak picked up the most votes in the final round with 137, followed by Truss on 113 and Penny Mordaunt on 105. The next Conservative leader [...]
British passport sixth most powerful in the world while EU states dominate top ranks July 20, 2022 The British passport is the world’s sixth most powerful with visa-free or visa on-arrival access to 187 countries. The UK passport was one place ahead of the US at 186 countries, while EU states dominated much of the top rankings, data from Henley & Partners’ 2022 Henley Passport Index showed. Germany and Spain were joint third, [...]
Boris Johnson urges next PM ‘not to always listen to Treasury’ in parting shot at Rishi Sunak July 20, 2022 Outgoing Prime Minister Boris Johnson said big infrastructure projects would not have been built “if we’d always listened to the Treasury” in an apparent parting shot at his former chancellor Rishi Sunak. The Prime Minister gave some “words of advice” to his successor during his final Commons appearance, which included: “Cut taxes and deregulate wherever [...]
Restaurateurs grapple with food costs as dairy prices spike July 20, 2022 Restaurateurs are being forced to fork out more and more to create Brits’ favourite dishes, with the sharpest price hikes among dairy, grains and meat. Dairy costs have surged the most, with increases of up to 40 per cent, according to data from around one thousand pubs and restaurants collected by Fourth. Grains, including pasta [...]
Martin Lewis warns government of ‘financial time bomb’ as cost of living crisis worsens July 20, 2022 Martin Lewis warned the government of a “financial time bomb” due to explode in September as the UK’s cost of living crisis intensifies. The founder of MoneySavingExpert.com issued an “open video letter” to the current Conservative Party leadership candidates and warned of even higher energy costs and civil unrest as the UK struggles with record [...]
MPs claim Covid PPE contract ‘failures’ cost UK taxpayer £2.7bn July 20, 2022 There were “significant failings” in the government’s management of personal protective equipment (PPE) contracts during Covid that cost the taxpayer £2.7bn, according to a crossbench committee of MPs. A report from Westminster’s Public Accounts Committee (PAC) says the government is in dispute with 176 contract holders for PPE, worth £2.7bn, around the effectiveness of the [...]