Business travel rebound at risk as travel chaos plays out on our screens June 16, 2022 Stephen Hammond is the Conservative MP for Wimbledon and the chair of the all party parliamentary group on business travel The pandemic had a dramatic impact on aviation. Airports closed their doors. Airlines went bust. Staff were let go. Britain was well and truly grounded. Fast forward to this Easter, and the situation couldn’t be [...]
Boohoo posts first ever UK sales drop as fast fashion struggles to keep shoppers spending June 16, 2022 Boohoo has posted its first UK sales drop in the fast fashion retailer’s history, pointing to supply chain disruption and a struggle to be competitive with international players. In a trading update on Thursday, the Manchester-based retailer posted a one per cent drop in UK revenue while overall sales plunged eight per cent in the [...]
Speedy recovery of business air travel will bring billions to UK economy June 16, 2022 A speedy recovery of business air travel could bring extra billions into the UK’s pockets, according to a study published today by WPI Economics. Figures showed that business travellers returning to pre-pandemic levels by 2023 would lead growth rates increasing by 50 per cent by 2030, whereas passenger levels going back by 2025 would cause [...]
DfT accuses TfL of failing to provide recommendation for pension reform June 15, 2022 The Department for Transport (DfT) has accused Transport for London (TfL) of failing to provide a recommendation for its pension reform just as the latest round of government funding is set to expire next Friday. DfT permanent secretary Bernadette Kelly told TfL commissioner Andy Byford last week the government had launched a formal dispute period [...]
Royal Mail boss says prices are ‘under review’ as firm faces union battle June 15, 2022 The boss of Royal Mail has said he will keep costs “under review” as the firm struggles to balance the cost of living crunch with rising union action. Speaking to Sky News earlier today, Simon Thompson explained that his team was “not immune” to the cost of living crunch, acknowledging the Communication Workers’ Union (CWU) threats of [...]
Revolve brings a buzzy brasserie to bustling Broadgate Circle June 15, 2022 Imagine Magaluf but populated entirely by people who work in finance – that’s Broadgate Circle on a balmy summer evening. It’s a mad, sweaty cauldron full of pink-faced men drinking lager and gently glistening in the heat. Take a step back from the epicentre and you’ll find a second, slightly elevated circle of bars and [...]
Priti Patel’s Rwanda deportations increasingly descend into chaotic mess as world jumps on UK plan to ship off asylum seekers to Africa June 15, 2022 The government’s plans to deport illegal immigrants to Rwanda, which has become one of Home Secretary Priti Patel’s flagship policies, is rapidly descending into a chaotic mess, with legal proceedings piling up by the hour. Media around the world are branding the policy ‘racist’, ‘neo-colonial’ and ‘absurd’. Media across Africa and Asia are particularly critical, [...]
Minister says government is prepping next Rwanda deportation, hours after first flight is grounded June 15, 2022 One minister has said that government is preparing the next deportation flight to Rwanda, after the first flight of the controversial re-settlement scheme was grounded by the European Court of Human Rights (ECHR) last night. The court confirmed they had granted an urgent interim measure in regards to an Iraqi national, and it is understood [...]
Where next for WH Smith shares? June 14, 2022 WH Smith could be one of Covid’s big winners. The retailer is expected to release their latest trading update on Wednesday. It is sometimes said of WH Smith that if it didn’t exist, one wouldn’t invent it. However, the retailer, which is due to post a trading update this Wednesday, could be one of the Covid pandemic’s [...]
16,000 British Airways staff consulted on strike action as firm hopes to avoid ‘disappointing’ move June 14, 2022 British Airways has said possible strike action by 16,000 of its workers is “disappointing” as it seeks to avert summer travel disruption. The UK’s flagship airline is facing further chaos and delays if industrial action goes ahead, following a consultative ballot held by Unite. 97 per cent of those asked backed possible strikes over pay [...]