Train chaos: How will the rail and Tube strikes affect services across London and the UK today? June 21, 2022 Rail and Tube strikes are set to cripple services this week, causing travel chaos for passengers across the UK as members of the Rail, Maritime and Transport (RMT) union at Network Rail and 13 train operators are going on strike. Here is a quick rundown of what to expect today and this week. – When [...]
Risk-averse investors need a bit of bravery to prove the UK is fertile soil for tech firms June 21, 2022 Are you a glass half empty or half full sort of person? What about when it comes to investing? With surging inflation, struggling economies, and slumping share prices, you would be forgiven for saying the former. But before we all become too pessimistic, it is important to remember that these are market issues – not [...]
An online sales tax would be a small hassle for Amazon, but a hard blow for our shops June 21, 2022 The Treasury is considering whether to introduce an online sales tax (OST) as a “means to rebalance the taxation of the retail sector between online and in-store retail”. A decision is expected in autumn – probably as part of the Chancellor’s Budget. If the government has any sense, it will run a mile from taking [...]
UK set to become largest entertainment and media market in Europe June 21, 2022 The UK is set to overtake Germany in becoming the biggest entertainment and media market in Europe.
Rolls-Royce gives staff £2k to help with cost of living crunch June 20, 2022 Rolls-Royce is set to pay three-quarters of its workers £2,000 help with the cost of living crunch.
Criminal barristers vote to strike over legal aid June 20, 2022 Criminal barristers yesterday voted in favour of plans to strike against the government, following a long-running dispute over legal aid fees. Barristers who work in criminal law are set to stage a series of court walkouts, after 81.5 per cent of the 2,055 barristers who voted in the Criminal Bar Association’s ballot came out in support of [...]
Crypto recovers slightly following sharp decline June 20, 2022 The prices of major cryptocurrencies rose following a steep decline over the weekend. Bitcoin rose by 6.91 per cent today to trade at $20,662.75 while Ether jumped 8.56 per cent to trade at $1,122.26. Cryptocurrencies crashed over the weekend as a feared crypto winter set in. Bitcoin dropped below $20,000 to lower than $17,800 on [...]
London markets kick off new week in positive fashion June 20, 2022 London’s top indexes kicked off the new trading week in positive fashion today, continuing a trend of wild swings on global markets. The capital’s premier index surged 1.5 per cent to close at 7,121.81 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.45 [...]
Rates will need to rise faster to prevent sticky inflation, BoE official warns June 20, 2022 Interest rates will need to rise faster to stop inflation from being “embedded” in the UK economy over the long-run, a top Bank of England official warned today. Catherine Mann, a member of the Bank’s nine-strong rate setting committee, said “a robust policy move… reduces the risk that domestic inflation already embedded is further boosted [...]
30 per cent spike in insolvent companies as firms hit by rising costs and falling consumer spending June 20, 2022 The quadrupling of interest rates since December has tipped thousands of companies into insolvency, with a 30 per cent spike in the last three months. Almost 6,000 firms have gone down according to Mazars, the audit and tax specialists, up from 4,578 inn the previous three months. This comes after the Bank of England raised [...]