Johnson says sky-high inflation is ‘big chance’ to fix cost pressures and ‘do things differently’ as PM denies being complacent June 30, 2022 The Prime Minister said today there is a “big chance” to fix unnecessary cost pressures for people and businesses across the UK as Boris Johnson denied that his Government is being “complacent” about spiralling inflation. Speaking at a press conference at the close of the Nato summit in Madrid, Johnson said the “very, very tight [...]
‘Kaboom!’ Ukraine announces recapture of Black Sea’s strategically important Snake Island June 30, 2022 Russia have abandoned the Ukrainian Black Sea outpost of Snake Island in a strategic victory for Kyiv against the Kremlin’s blockade. Ukrainian president Vlodymyr Zelensky’s office announced the major coup after Russia’s defence ministry said it withdrew as a “gesture of goodwill”. Its supposed gesture was done, according to Reuters, was to prove the Kremlin [...]
UK government is failing to match words with action in stamping out dirty money, MPs say June 30, 2022 The UK government is failing to match its rhetoric with real efforts to crack down on dirty money, MPs have warned. The government is continuing to let the UK become a “safe deposit box” for morally bankrupt billionaires, despite its rhetoric around “clamping down” on Russian money, the Foreign Affairs Committee said. The committee said [...]
Gazprom and Uniper shares plunge as fallout from Ukraine crisis deepens June 30, 2022 Shares at two of Europe’s largest energy firms have plummeted this week, as the gas crisis and between Russia and the West escalates.
Seeing G7 leaders naked would be ‘a disgusting sight’ as they abuse alcohol and don’t do sports, says Putin June 30, 2022 Western leaders would look “disgusting” if they tried to emulate Putin’s bare-torso appearances, the Russian president said as he hit back at the G7 for mocking his athletic exploits. The Russian president made the comment during a visit to Turkmenistan when asked about western leaders joking about him at the G7 summit. As they sat [...]
EU draws record gas supplies from UK as National Grid reveals emergency plan to cut flows to Europe June 30, 2022 The UK has exported record amounts of gas to the continent since March as EU member states scramble to fill their gas reserves ahead of winter.
UK doubles support for Ukraine with £1bn military aid June 30, 2022 THE UK has pledged to give an extra £1bn in military aid to support the Ukrainian war effort, Boris Johnson said at the NATO Leader’s Summit yesterday. The extra money will almost double the total sums Britain has given in military aid to Ukraine so far, in bringing the total amount to £2.3bn. The UK’s extra [...]
Russia’s second-richest man and Putin’s cousin are latest targets for UK sanctions June 29, 2022 Russia’s second richest man and president Vladimir Putin’s first cousin once removed are he latest targets of British sanctions against the Kremlin. Owner of major conglomerate Interros, Vladimir Potanin, has been targeted by the UK government because he “continues to amass wealth” that supports Russia’s war against Ukraine. Potanin, who acquired Rosbank and shares in [...]
Motorists have ‘right to know’ why fuel costs surge, says the RAC June 29, 2022 Motorists have “a right to know” why fuel prices at UK forecourts continue to rise despite a slump in wholesale costs. Leading motoring group the RAC has accused fuel retailers of “inexplicably” rising costs after petrol yesterday reached a new record high of 191.2p while diesel stationed at 199p per litre – 0.1p less compared [...]
Are we heading for a global recession? June 29, 2022 Keith Wade, Chief Economist, discusses what central bankers’ next move might be, what markets are pricing in and what the probability of a recession is. People are worrying about a global recession and with good reason. But what if the factors driving rising prices are beyond the limits of policymakers’ control? The squeeze on living [...]