Rail strikes to halt commutes again as RMT union boss warns of more to come June 23, 2022 Rail strikes are set to hit London and the rest of the country again today, as union members picket outside an unusually quiet Euston Station. While Tube services are running, delays are expected to hang over from yesterday’s bout of industrial action. RMT union general secretary Mick Lynch, who joined picketers for the second of [...]
Zahawi: Education union strike threat after rail chaos would be ‘unforgivable and unfair’ for students June 23, 2022 The education secretary has accused education trade unions of “failing” children by threatening strikes. Nadhim Zahawi branded threats to walk out of the classroom by the National Education Union “irresponsible” in a piece for the Telegraph this morning. This comes after industrial action from rail workers brought the country to a standstill on Tuesday, with [...]
Businesses raise concerns over the cost of net zero amid energy crisis June 23, 2022 Nine in ten businesses are concerned about costs of funding the transition to net zero amid a spike in energy prices according to research from Npower.
A summer of discontent is the unions’ fight for power in the modern workforce June 23, 2022 This week, London was awash with bikes and e-scooters as the biggest rail strikes in thirty years kicked off on Tuesday. Other unions were watching closely as they plan for their own industrial action. Some are calling it the summer of discontent, as a waterfall of job losses and long hours stir up a storm [...]
Brits put off buying EV due to record inflation June 23, 2022 Brits are becoming increasingly put off buying electric vehicles (EV) due to rocketing inflation rates. According to a research published today by Close Brothers Motor Finance (CBMF), 41 per cent of Britons have decided against going electric as a result of the cost-of-living crisis. Figures reported that 84 per cent of people are taking at [...]
Barclays calls on retailers to help stop mounting BNPL debt crisis June 23, 2022 Barclays has sounded the alarm over rising buy-now pay-later debt today and called on retailers to step up and protect shoppers, warning that 876,000 Brits could be plunged into unmanageable debt this year without intervention.
Boots’ sole suitor rallies lenders as takeover concerns linger on June 22, 2022 Boots’ sole bidder is relying on four major lenders to get its £5bn-plus takeover closer to the finishing line. As first reported by Mark Kleinman for Sky News, the consortium of Apollo Global Management and Reliance Industries are pinning their hopes on Royal Bank of Canada, Credit Suisse, Santander and Bank of America to finance [...]
‘Kremlin will be enjoying this self-inflicted distraction. Don’t be Russia’s friend’, Tobias Ellwood urges train strikers June 22, 2022 Former defence minister Tobias Ellwood has warned striking rail union workers not to be “Putin’s friend”. The former soldier and Tory MP for Bournemouth East said the Kremlin would be “enjoying this self-inflicted distraction” from its war against Ukraine. This comes after thousands of rail workers walked out across the country on Tuesday, with two [...]
Inflation bump sends chill through London’s FTSE 100 June 22, 2022 London’s top indexes slumped today as investors fretted over the damage further inflation surges could deal the UK economy. The capital’s premier FTSE 100 index slid 0.88 per cent to 7,089.22 points, while the domestically-focused, mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.31 per cent to [...]
US Fed chief Powell warns higher rates may tip economy into recession June 22, 2022 The chief of the US Federal Reserve has warned it may hike interest rates to a level that tips the economy into a recession. “It’s certainly a possibility” that a rapid tightening of monetary policy will force the US economy into reverse, Fed chair Jerome Powell said today in response to a grilling by American [...]