Aramco Team Series Jeddah: Schoolgirl Chiara Noja beats idol Charley Hull to title November 13, 2022 Women’s golf has a new star after 16-year-old Chiara Noja beat her idol, England’s Charley Hull, to win her first Ladies European Tour title at the Aramco Team Series Jeddah. The German schoolgirl shot a brilliant final round of 65 to finish tied with Hull on 13 under par and then made back-to-back birdies to [...]
Exclusive: North Sea firms urge Government to protect investment relief as windfall tax hike looms November 12, 2022 North Sea oil and gas producers are urging Government to ensure investment relief is continued in line with any windfall tax expansion.
Government goes head to head with Britain’s nurses: ‘Simply not affordable’ November 11, 2022 Prime Minister Rishi Sunak has dismissed pay demands from unions representing nurses across Britain, calling them “simply not affordable.” His remark comes as the threat of strike action that will hit operations and appointments looms. Sunak said he shared the public’s “respect and gratitude” for nurses, and that he was pleased the Health Secretary was [...]
GDP contracts: Economic growth grinds to a halt as UK reaches ‘dreadful’ recession November 11, 2022 The UK economy contracted by 0.2 per cent between July and September, compared to growth of 0.2 per cent in the previous three months, the Office for National Statistics said this morning. Commenting on the gross domestic product (GDP) figures that showed a 0.2 per cent contraction in the third quarter of the year, ONS [...]
Markets cheer US inflation slowdown as Nasdaq flies over five per cent November 10, 2022 Global markets have cheered signs that US inflation is falling much faster than experts expected, dialling down pressure on the Federal Reserve to keep hiking interest rates aggressively. Wall Street’s tech-heavy Nasdaq index flew more than five per cent, while the S&P 500 and Dow Jones shot up more than four per cent and nearly [...]
Ed Warner: Richard Thompson must continue bold start at helm of English cricket November 10, 2022 No deckchair shuffling for Richard Thompson. English cricket’s new leader has pretty much cleared the deck of the governing body’s directors. His kind words about departing colleagues he has barely overlapped with suggests this is a diplomat with admirable stiletto-wielding skills. Now he must hire replacements capable of backing the reset that the sport so [...]
Economic gloom finally sweeps through UK jobs market November 10, 2022 UK job growth has slimmed for the first time since the 2021 Covid-19 winter lockdown, driven by employers bracing for the longest recession on record, a new survey out today unveils. For the first time since February 2021, when the country was in the late stages of the third and longest pandemic lockdown, businesses trimmed [...]
Ex-minister Harriett Baldwin elected as Treasury Committee chair November 9, 2022 Tory MP Harriett Baldwin has been elected as the new chair of the Treasury Select Committee, after prevailing in a cross-party ballot. Baldwin, a former Treasury and defence minister, defeated former cabinet ministers Andrea Leadsom and Kit Malthouse in the vote. Baldwin will begin the role immediately, after previous chair Mel Stride was recently appointed [...]
UK at greater risk of mortgage default wave than international counterparts November 9, 2022 The UK is at greater risk of being jolted by an uptick in mortgage defaults during the global economic slowdown, a top Wall Street bank has warned. Goldman Sachs reckons the country will undergo a bigger unemployment surge compared to other English speaking countries, dealing a heavy blow to households’ capacity to pay off home [...]
Sunak’s flexibility has been curtailed by our undue reverence for the Bank of England November 9, 2022 The Bank of England has forecast a long recession, which could last two years. A statement treated, unquestioningly, as gospel despite the variety of failures at Threadneedle Street.