Jacob Rees-Mogg: Sure, the cost of living crisis is ‘difficult’ but the government cannot just spend its way out it May 9, 2022 Senior Tory Jacob Rees-Mogg said hard-pressed households are facing a “difficult” future as inflation rises but he warned the Government cannot spend its way out of the problem. The Brexit Opportunities Minister said increasing public spending to mitigate the impacts of the rising cost of living risked adding to inflation, pushing prices higher. The squeeze [...]
High gas prices here to stay, as government faces more pressure to provide support with energy bills May 9, 2022 High gas prices will persist for the next three years, warned investment bank Stifel, as millions of households struggle with the cost of living crisis.
‘Hard’ assets in demand: Deals by City’s distressed private equity funds treble to £1.8bn in just one year May 9, 2022 The leading mid-tier distressed asset private equity and debt funds in the UK made a total of £1.8bn of acquisitions of businesses last year, almost treble the £670m registered in 2020 and the highest figure for five years. The 12 specialist funds acquired 26 UK businesses in 2021, up from 19 the previous year. There [...]
Tottenham Hotspur fans urged to stop mocking Liverpool jobless with ‘Sign on’ chant May 9, 2022 A Tottenham Hotspur fans’ group has called on fans to stop singing a song that mocks historic poverty on Merseyside. The Tottenham Hotspur Supporters’ Trust spoke out after some Spurs fans taunted the Liverpool faithful with the chant at Anfield on Saturday. “Singing about the opposition has long been a feature of English football, and [...]
Cabinet not united: Minister Kit Malthouse breaks ranks and calls on Chancellor Rishi Sunak to cut taxes May 9, 2022 The government’s Minister of State for Crime and Policing Kit Malthouse has called on the chancellor, Rishi Sunak, to cut taxes as soon as possible. The Chancellor should roll out plans to reduce taxes to tackle the cost of living crisis, Malthouse said during an interview on TalkTV. “The Chancellor has already signalled his desire [...]
It’s wait and see for investors ahead of BT results this week May 9, 2022 Analysts in the City will be waiting nervously to see whether the cost-of-living crisis has seen an exodus in subscribers from telecoms giant BT when the company reveals its results on Thursday. US streaming rival Netflix said recently its own subscriber base had suffered as households cut back and investors in BT are hoping similar [...]
Camelot’s National Lottery legal battle could drain £500m from good causes May 8, 2022 The former boss of lottery operator Camelot has urged the gambling commission to delay the transfer of the firm’s licence to new operator Allwyn, as the costly legal battle could cut resources for good causes. Dame Dianne Thompson has written in a letter to the commission first reported by the Mail on Sunday that a legal [...]
Elections 2022: Sinn Fein on track for historic win in Northern Ireland May 7, 2022 Sinn Fein is on track for a historic win in the Northern Ireland assembly elections signalling a breakthrough moment for Irish nationalism.
Election 2022: Boris Johnson under pressure as hundreds of council seats lost May 7, 2022 The scandal hit conservative party has haemorrhaged support across the UK with hundreds of council seats lost to Labour and the Lib Dems.
West End landlords Shaftesbury and Capco eye £3.5bn merger May 7, 2022 Two major London property firms are in talks about a £3.5bn merger to create an extensive real estate empire in London's West End.