Hitachi UK rail plant takes multimillion hit as train manufacturers struggle December 10, 2023 Hitachi's factory in the North East of England has taken a multimillion pound writedown amid growing concerns over the health of UK train manufacturing.
Unions to set out plans to resist anti-strike law at TUC conference December 9, 2023 The Government’s controversial new law to provide minimum levels of service during strikes will be attacked on Saturday at a special conference attended by leaders of the country’s biggest trade unions. The TUC has called its first special national conference in more than 40 years as it steps up opposition to new regulations announced by [...]
Exclusive: London’s councils are half a billion in the red. Council Tax will go up – but will it be enough? December 9, 2023 London’s councils are trapped in a “perfect storm” after research found the boroughs are teetering on the financial brink facing a half a billion pound deficit.
Is 2024 time to buy as house prices stabilise? The latest data says… maybe December 8, 2023 House prices are expected to fall by two per cent next year, according to the latest reading from Zoopla, as the hangover from high mortgages appears to be dragging into next year. While slipping house prices can often be an indicator of poor economic health, house prices still remain around £40k above pre-pandemic levels. The [...]
Insuring electric vehicles is hugely expensive – and that might not change soon December 8, 2023 Insurers are facing a major dilemma over how to handle the huge cost of covering electric vehicles (EVs). Are they doing enough?
Anglo American says mining prospects ‘have rarely looked better’ December 8, 2023 Mining giant Anglo American says prospects “have rarely looked better” as part of its performance update to investors today. In a global battle for minerals, Anglo American chief executive Duncan Wanblad said he believed his firm’s ability to tap “world class” assets would ensure “ever more attractive” demand. “Operationally, we are improving cost performance and [...]
Labour’s City minister: We get you want clarity – and we’ll give it to you December 8, 2023 Labour's Shadow City Minister Tulip Siddiq writes for City A.M. on her party's new financial services council and why the Square Mile can expect evolution, not revolution, if they take power next year
BBC licence fee set to rise less than expected next year December 7, 2023 The BBC licence fee will rise from £159 to £169.50 next year, the culture and media secretary Lucy Frazer told ministers on Thursday.
British rail not on the right track, regulator warns December 7, 2023 Train journeys across Britain's rail network are still neither punctual nor reliable, the industry's watchdog has warned today.
House prices rise again – but London properties still down on last year December 7, 2023 House prices rose by 0.5 per cent in November, following a rise of 1.2 per cent the prior month, according to Halifax.