CBI: Consumer spending smashes expectations, but deeper dip may be on the way July 26, 2022 Consumer spending is defying expectations and holding up better than feared amid sky high inflation, a new survey published today reveals. Retail sales volumes dipped to net a balance of minus four per cent this month, slightly lower than June, according to the Confederation of British Industry (CBI). But, the marginal drop was much better [...]
Rishi Sunak vs Liz Truss: Last night’s Tory leadership debate fact-checked July 26, 2022 Last night Tory leadership hopefuls Rishi Sunak, a former chancellor, and Liz Truss, the current foreign secretary, went head to head in a live TV debate on the BBC. Following the debate, City A.M. caught up with Will Moy, chief executive of Full Fact, to fact check the various statements that were made during the [...]
Simple soundbites for post-Brexit dividends do the City little good for our future growth July 26, 2022 DO YOU want the City of London to be slow and cautious or quick and nimble? This is how the debate over a potential new round of regulation in the City of London has been framed. However, the situation is clearly more complex than this simple soundbite suggests. Forming part of ex-chancellor Rishi Sunak’s pitch [...]
Exclusive: Octopus Energy urges rival Centrica to work with them to protect consumers July 25, 2022 Octopus Energy wants to work together with rival Centrica and market regulator Ofgem to protect households ahead of the cold winter months.
Truss and Sunak have gone astray as they fight for Thatcher’s legacy July 25, 2022 Liz Truss and Rishi Sunak will be glad the hottest day of the heatwave is over, because for the Conservative party it will be a long summer of heavy slog. As the final two candidates battle it out to claim the leadership they will criss-cross the UK for hustings in front of party members before [...]
LV faces backlash over potential payout to outgoing chief July 24, 2022 Insurance giant LV is facing backlash from members as it refuses to rule out a further bonus for controversial outgoing chief Mark Hartigan.
Liz Truss promises post-Brexit bonfire of EU rules that hinder UK growth July 22, 2022 Tory leadership candidate Liz Truss has vowed to seize the opportunities posed by Brexit by scrapping EU regulations that hinder the UK’s growth. The Conservative MP said that if she becomes prime minister, she will scrap any EU rules that hinder investment or fail to support growth in the UK economy by 2023. If Truss [...]
UK’s private healthcare market booms as NHS case backlog hits record levels July 22, 2022 A surge in people choosing to pay for surgeries out of their own pockets has seen overall activity in the UK’s private healthcare sector bounce back to pre-pandemic levels. More than 250,000 British people opted to pay for private healthcare themselves in 2021, instead of using the NHS, in a shift that has offset a [...]
Beazley delivers best combined ratio since 2015 despite profit decrease July 22, 2022 Beazley has delivered its best half-year combined ratio since 2015 despite a decrease in profit. In the six months ended 30 June, the insurance firm posted a profit before tax of £18.6m ($22.3m) – down 87 per cent on last year – while its returns on annualised equity went down by 14 per cent. Gross [...]
Tory leadership race: New poll gives Truss big lead over Sunak July 21, 2022 Rishi Sunak and Liz Truss duelled over their tax plans today as a new poll gave the foreign secretary a commanding lead in the Tory leadership race. A YouGov poll of Tory members put Truss on 62 per cent and Sunak on 38 per cent on the first day of a six-week campaign to become [...]