Thames Water backers table £3bn debt offer in scramble to shore up finances November 7, 2024 A group of Thames Water’s bondholders have tabled a £3bn debt offer to the beleaguered firm today as it scrambles to shore up its finances.
Labour’s ‘growth’ agenda already looks like a bad joke November 7, 2024 Well, that didn’t take long to unravel: the first Labour Budget for nearly 15 years, and the first ever by a female chancellor, saw the parallels with Kwasi Kwarteng’s infamous 2022 mini-Budget emerging within hours. The comparison was misguided, although the jittery reaction of financial investors and rise in government funding costs told its own [...]
Labour cheered 1p off a pint but the Budget leaves a vicious hangover November 6, 2024 As Rachel Reeves delivered her Budget one week ago, the loudest cheer on the government benches came when she declared that her policies will take 1p off the cost of a pint. Labour was so pleased with this bit of good news that the claim dominated their post-match social media output. This self-congratulatory victory lap [...]
Hospitality bosses warn government tax hikes will hit investment November 5, 2024 According to reports, business leaders have warned the government that the tax rises announced in Labour’s Autumn budget will lead to a huge increase in costs and a fall in investment. The bosses of large retail and hospitality firms like Fuller’s, Greene King and Morrisons have warned business secretary Jonathan Reynolds that last week’s budget [...]
US election timings: Your guide to watching the results November 5, 2024 After months of a closely fought battle, one of the most unpredictable US election campaigns in generations is drawing to a close. Polls have opened stateside and Donald Trump and Kamala Harris are still neck and neck, as voters begin to cast the ballots for the Republican or Democrat parties. For UK watchers, following the [...]
Top economists cast doubt on Reeves’ Budget growth pledge November 4, 2024 Top economists are split on whether last week's Budget will deliver a boost to the UK economy over the next five years, a City AM poll has revealed, as the Chancellor tries to calm markets.
Badenoch wants a battle of ideas – we should wish her well November 4, 2024 One week before emerging victorious in the Conservative leadership race, Kemi Badenoch was asked by Sophy Ridge on Sky News whether she wanted to be Prime Minister. “I don’t think it’s about wanting to be prime minister,” she said, adding, “I think it’s not an award. It’s not like winning a competition. It’s actually a [...]
Chancellor: I was ‘wrong’ on taxes during election November 3, 2024 Chancellor Rachel Reeves has said she was “wrong” when she said during the election campaign that she would not need to raise taxes, but insisted further increases will not be needed.
Crescent could Cruz to a Beautiful first victory November 1, 2024 NOTHING gives Sa Sa owners Simon and Eleanor Kwok greater pleasure than to celebrate a winner on their sponsored day at Sha Tin. The Kwoks and their family have been great supporters of Hong Kong racing for many years and their famous black and pink colours have been carried to victory in numerous Group One [...]
Salon chain owner breaks down over National Insurance rise October 31, 2024 The owner of a chain of salons broke down on Sky News on Thursday when talking through how some of the measures introduced in the Budget will affect small businesses like his.