David Cameron ‘did nothing wrong’ in his dealings with Greensill, says Kwasi Kwarteng March 30, 2021 David Cameron “did absolutely nothing wrong” in his dealings with Greensill Capital, according to a senior government minister. Business Secretary Kwasi Kwarteng said “everything was above board” with the former prime minister’s connection to the financial services company which collapsed earlier this month. Speaking on Sky News this morning, Kwarteng said that, with Cameron having [...]
One in two people in England estimated to have Covid antibodies March 30, 2021 More than half of people in England are estimated to have Covid antibodies either from past infection or vaccination, according to the latest official figures. The Office for National Statistics’ (ONS) latest infection survey found that 54.7 per cent of England’s population were thought to have some level of immunity against coronavirus in the week [...]
Bernoulli’s Prisoner’s Dilemma: applying the scenario to modern markets March 30, 2021 In 1738, the Swiss mathematician and physicist Daniel Bernoulli proposed a simple thought experiment: “A rich prisoner who possesses two thousand ducats but needs two thousand ducats more to repurchase his freedom, will place a higher value on a gain of two thousand ducats than does another man with less money than he.” Let’s place [...]
UK to focus on vaccinating adults before offering surplus shots, minister says March 30, 2021 Business minister Kwasi Kwarteng has said this morning the UK will focus on vaccinating its adult population before offering surplus doses to neighbouring countries. More than 30m people have been given at least one shot of the vaccine so far in the UK’s largest inoculation programme to date. The UK has aimed to offer all [...]
Tory peer Lord Marland ‘in the running’ to chair competition watchdog March 29, 2021 Tory grandee Lord Marland is said to be in the running to become the next chairman of the Competition and Markets Authority (CMA) in what could be the latest political appointment by Boris Johnson. Lord Marland, a former Conservative minister, is one of several names being circulated at the Department for Business, Energy and Industrial [...]
‘Holiday at home’ tourism minister tells Brits as UK Government cautions against summer travel March 29, 2021 'Holiday at home' tourism minister tells Brits as UK Government cautions against summer travel
UK to remind Brussels that British taxpayers paid for AstraZeneca vaccine March 29, 2021 The UK will tell the EU next week that it must consider the millions of pounds British taxpayers spent on the creation of the Oxford University/AstraZeneca jab as the two sides look to resolve an ongoing row over vaccine exports. The UK and EU are set to resume talks from tomorrow over Brussels’ threats to [...]
UK considers giving millions of vaccines to Ireland March 28, 2021 The UK is reportedly planning on giving millions of Covid-19 vaccines to Ireland in a bid to stave off a third wave in Northern Ireland. The government is reportedly concerned Northern Ireland could see a surge in Covid cases when travel restrictions are lifted as Ireland has only vaccinated around 10 per cent of its [...]
Online used-car unicorns Cinch and Cazoo gear up for funding boost March 27, 2021 Two British online used-car startups are going head-to-head in a £10bn race to raise new capital as they look to cash in on a rapidly-growing sector. Cinch, which is part of the private equity-backed Constellation Automotive Group, is in talks to raise roughly £500m of fresh funding from investors, Sky News reported. The discussions could [...]
GFG Alliance asks ministers for £170m bailout to avoid collapse March 26, 2021 Sanjev Gupta’s steel empire has asked the government for an emergency bailout of as much as £170 to avert collapse. GFG Alliance wrote to the government this week to request emergency funding as it grapples with financing following Greensill’s collapse, according to Sky News. Greensill, which specialises in supply chain finance, was among GFG’s biggest [...]