Why bitcoin going to $1,000,000 is unlikely and horrifying October 19, 2020 Bitcoin maximalists continue to shriek about their beloved bitcoin and how the price is going “to the moon”. Bitcoin may be lacking fundamental characteristics of a Ponzi scheme, but there are plenty of similarities. The endless pumping of bitcoin on Twitter and all manner of other social media is much the same as those operating [...]
Pound jumps on signs a Brexit deal can still be done October 19, 2020 The pound surged as investors bet that Brexit talks would resume – despite the UK’s tough rhetoric – and eventually result in some kind of free-trade agreement. Sterling was up 0.7 per cent by mid-morning at $1.30. It had risen 0.5 per cent against the euro to stand at €1.107. Prime Minister Boris Johnson struck [...]
Boris Johnson urges businesses to speed up Brexit preparations October 18, 2020 Boris Johnson will speak to business leaders this week to urge them to ramp up preparations for the UK’s exit from the EU single market and customs union next year as the prospect of a no-deal Brexit begins to look more likely. HM Revenue and Customs will contact 200,00 traders who deal with the EU [...]
Michael Gove says UK is ‘well prepared’ for no-deal Brexit October 18, 2020 Michael Gove has said the ball is in the EU’s court as to whether trade talks continue and that the UK is “well prepared” for a no-deal Brexit in January. Gove, who has been until now a leading voice in the cabinet against no-deal, said today that it was the EU that “effectively ended” trade [...]
Murdoch’s TV plans mature as News UK searches for more big names October 16, 2020 Rupert Murdoch’s plans to regain a footing in the British TV market have stepped up a gear as his media empire circles some of the biggest names in broadcasting to front its new channel. Alan Sugar and Piers Morgan are among the stars that have been approached by News UK over the new venture, the [...]
We’re heading from London lockdown to national breakdown October 16, 2020 While London entering Tier 2 lockdown at midnight tomorrow is nowhere near as drastic as the Tier 3 lockdown imposed on the Liverpool City Region, it’s the size and symbolism of the capital that counts. With each day that passes, businesses in the capital, like those around the rest of the country, can feel the [...]
Government paying test and trace consultants equivalent of £1.5m salary October 14, 2020 The UK government is paying some management consultants the equivalent of more than a million pounds a year to work on the coronavirus test and trace system that its own scientists have criticised. Some senior-ranking consultants at Boston Consulting Group (BCG) are being paid around £7,000 a day, Sky News reported. That would amount to [...]
Gourmet Burger Kitchen rescued by ‘chicken king’ Ranjit Boparan October 14, 2020 The multi-millionaire owner of a UK poultry business will reportedly buy Gourmet Burger Kitchen, in a move that will rescue more than 600 jobs. Ranjit Boparan, who is known as the “chicken king” after founding the 2 Sisters Food Group, will buy GBK through a pre-pack administration, Sky News reported. Boparan has built one of [...]
Hong Kong Racing Tips: Terrior to give his rivals a fright October 13, 2020 PUNTERS are going to need an update on track conditions before racing gets underway at Happy Valley on Wednesday. With a typhoon having already hit the city in the early hours of Tuesday morning, and the increasing possibility of more rain and occasional thunderstorms throughout today, it’s imperative to find out an up-to-date weather bulletin [...]
Sadiq Khan says new London Covid restrictions this week are ‘inevitable’ October 13, 2020 Sadiq Khan has said new Covid restrictions in London are now “inevitable” just a day after the capital was put into the lowest risk category by the government. Khan said today that all the vital indicators show London is certain to be put into the tier two category within days, meaning the capital would be [...]