UK economy shrank 2.9 per cent in January as third lockdown took hold March 12, 2021 Monthly GDP fell by 2.9 per cent in January as a fresh national lockdown took hold of the UK economy, according to new ONS data. The January figure, which was 9 per cent below its February 2020 level, was driven by a decline of 3.5 per cent in services, the Office for National Statistics said. [...]
Before the Bell: Inflation genie returns to his bottle as UK GDP data is next March 12, 2021 The buy-everything animal spirits refused to be caged any longer overnight as financial markets returned the inflation genie to its bottle. Technology was back, the S&P 500 and Dow Jones closed at record highs, US yields held steady, Bitcoin rose, and the US Dollar fell, with markets partying like it was 2020. Yesterday, the European [...]
Euros football tournament could mark post-Covid ‘London renaissance’, says minister March 9, 2021 Euros football tournament could mark post-Covid 'London renaissance', says minister
Shadow Chancellor: For UK to succeed, London has to succeed March 5, 2021 More than 300,000 Londoners have lost their jobs since the pandemic began, and some of the sectors that most define our country’s capital – our theatres, galleries, restaurants, bars, hotels, museums and shops – have been particularly badly hit. The city missed out on £11 billion of tourist spending last year. We need a relentless [...]
Government slammed over lack of climate change plan March 5, 2021 Two government committees have hit out at the government over a lack of detail in its climate change plans ahead of this year’s COP26 conference. In a new report released today, the influential Public Accounts Committee (PAC) said that two years on from fixing its net zero target in law, the government had “no plan” [...]
Sadiq Khan broke half of 2016 election promises, claims Tory rival Shaun Bailey March 4, 2021 Sadiq Khan has broken just over half of his 2016 campaign promises, Conservative mayoral rival Shaun Bailey has claimed. Bailey will today launch an advertising claiming Khan has not delivered on 126 of his 244 manifesto promises, however Labour has called the allegation a “complete work of fiction”. Bailey cites a list of manifesto promises [...]
TfL unveils design of new Piccadilly Line Tube trains March 4, 2021 Transport for London and German engineering firm Siemens have today unveiled the design for the new Piccadilly Line underground trains. The trains, which will begin operating on the line in 2025, have 10 per cent more capacity than the old models and use 20 per cent less energy. They are the first air-conditioned models to [...]
Co-op Group under pressure to repay £80m of government funding March 4, 2021 The Co-op board will reportedly meet next week to discuss handing back millions in government cash it was handed during the pandemic. The move would follow in the footsteps of leading supermarkets who returned business rates relief at the end of last year and have pledged to forgo the break announced in the Budget. The [...]
Sadiq Khan rules out driverless trains as a part of next TfL bailout March 4, 2021 Sadiq Khan has said today that the government will not try to force Transport for London (TfL) to implement driverless trains as a part of current bailout negotiations. Khan told a group of reporters at his re-election campaign launch that the government had dropped any request to bring in driverless trains, after initially asking for [...]
Matt Hancock urges ‘vigilance’ as decline in Covid infections starts to slow March 4, 2021 The health secretary has urged people to “remain vigilant” as the decline in coronavirus cases has slowed down across parts of the country and in some regions reversed, latest figures showed. Imperial College London’s latest React study found the prevalence of Covid across England slumped by two-thirds between 22 January and 13 February. However, the [...]