UK economy swings back to growth but spectre of recession looms amid interest rate fears June 14, 2023 Britain’s economy swung back to growth in spring, but the recent turmoil in the mortgage market and the prospect of the Bank of England hiking interest rates aggressively has put the risk of a recession back on the table. Official figures out today from the Office for National Statistics (ONS) showed gross domestic product – [...]
Tomorrow’s World: Flying taxis to launch in San Francisco June 14, 2023 Flying air taxis will take to the skies in San Francisco, it has been announced today, as part of a collaboration between United Airlines and producer Eve Air Mobility. The partnership will see Eve’s electrical vertical takeoff and landing aircrafts (eVTOL’s) carry commuters to work in helicopter-like drones, sometimes described as ‘flying taxis.’ eVTOL’s are [...]
Vodafone and Three announce long-awaited £15bn UK mega merger June 14, 2023 Vodafone and CK Hutchinson, owner of Three, have announced their long-awaited UK merger today. The new group ‘MergeCo’, now the UK’s biggest mobile operator, was revealed this morning and is valued at £15bn, according to Sky News’ Mark Kleinman. MergeCo is 51 per cent Vodafone owned and 49 per cent CK Hutchinson owned. Vodafone chief [...]
The Bank of England has mismanaged this inflation cycle from the get-go June 14, 2023 The Bank of England and Andrew Bailey have botched their messaging, their forecasts and their decisions - and we are paying the price
Knew it all along: Watching The Ashes at work is GOOD for productivity June 14, 2023 Cricket fans rejoice: a new survey reckons watching The Ashes live this summer is actually better for productivity than checking apps all day
Nasser Hussain: Ollie Robinson England’s secret Ashes weapon June 13, 2023 Former England Test captain Nasser Hussain has earmarked paceman Ollie Robinson as the hosts’ secret weapon against Australia in the upcoming Ashes series. Though Hussain never led England to an Ashes series victory across his stint between 1999 and 2003, he was known as a captain with ideas and gumption – something many see in [...]
The Notebook: Ian Whittaker is sceptical about AI – plus his take on the Telegraph takeover June 13, 2023 The Notebook is a column where interesting people say interesting things. Today, it’s Ian Whittaker, media analyst and founder of Liberty Sky Advisors Is AI’s biggest benefit its use as a buzzword? BT announced last month it is cutting up to 55,000 jobs as it restructures and stream lines its business. What particularly caught the [...]
Risk aversion is ‘endemic’ in UK, pensions chief warns June 13, 2023 The UK is in the grip of “endemic” risk aversion when it comes to investment, a pensions chief executive has warned yesterday. Tracy Blackwell, chief executive of Pensions Insurance Corporation, said the country needed to embrace the risk of the markets and look to divert capital into more productive areas of the economy. “How we [...]
Cabinet minister claims politics has ‘moved on’ from Boris Johnson June 11, 2023 Politics has “moved on” from the drama of Boris Johnson, a senior cabinet minister has claimed amid a row over the former prime minister’s resignation as an MP and honours list. Energy secretary Grant Shapps told Sky News’s Sophy Ridge on Sunday that while former London mayor Johnson possessed “many qualities”, No 10 was under [...]
Sunak urged to stop Johnson handing a ‘carousel of cronies’ honours June 9, 2023 Labour has renewed calls for Rishi Sunak to stop Boris Johnson handing honours to a “carousel of cronies” amid speculation the list could be published imminently. Shadow immigration minister Stephen Kinnock said the Prime Minister had “caved in” to appease warring factions within the Conservative Party by reportedly accepting his predecessor’s recommendations. The list, which [...]