Emma Raducanu: British tennis sensation set to be inundated with sponsor offers following fairytale run at the US Open September 10, 2021 Emma Raducanu’s fairytale run at the US Open has not only made her the new darling of British tennis but also among the hottest properties in sport for sponsors. The 18-year-old from Bromley could become the first Englishwoman to win a Grand Slam since Virginia Wade in 1977 when she faces fellow teenager Leylah Fernandez [...]
Lloyd’s chief: City firms owe it to younger employees to get back to office September 10, 2021 The City of London has a duty to get employees back to the office so that younger staff don’t miss out on career development and learning from their seniors, the Lloyd’s of London chief executive has said. John Neal, who heads up the insurance giant, called for more people to return to the Square Mile [...]
UK set to see a sharp slowdown in economic growth, warns British Chambers of Commerce September 10, 2021 The UK is set to see a sharp slowdown in economic growth as the mounting supply chain crisis and staff shortages threaten to derail Britain’s recovery, according to a major business group. The British Chambers of Commerce (BCC) warned there is also a “real danger” the Government’s health and social care levy could further stifle [...]
IFS: Tax hikes will not provide enough funds for NHS September 10, 2021 A leading economic think tank has warned the government’s decision to launch a tax assault will not raise enough funds for the NHS in the long run, in brand new research published today. The Institute for Fiscal Studies said ongoing cost pressures stemming from dealing with the long-term health implications of the Covid crisis will [...]
FTSE 100 slides after ECB reins in stimulus September 9, 2021 London’s FTSE 100 slid to its lowest level in almost a month during opening exchanges this morning, before paring back losses in the afternoon session as investors digested news the European Central Bank (ECB) will tighten policy soon. The capital’s premier index sank 0.84 per cent to 7,036.05 points. The ECB announced today it will [...]
Lloyd’s of London reports £1.4bn profit in first half of 2021 September 9, 2021 Lloyd’s of London returned to profit in the first half of 2021, with the help of a stronger underwriting performance, the insurer announced this morning. The commercial insurance market’s results indicate its recovery after it incurred significant losses during the pandemic last year. In the same period a year ago Lloyd’s suffered a total loss [...]
Boris Johnson: ‘Concerning’ number of unvaccinated Covid patients in hospital September 8, 2021 The Prime Minister has said he is concerned by the number of unvaccinated people being hospitalised with coronavirus. Three quarters of those hospitalised had not had a Covid jab, Boris Johnson told the BBC, in an interview at St Thomas’ Hospital, London. Johnson’s message to the unvaccinated was “come on now,” as he urged people [...]
Government wins vote on National Insurance hike September 8, 2021 The Prime Minister has won a vote to raise National Insurance for workers and employers to fund NHS and social care costs. The government won the vote by 319 to 248 votes after Boris Johnson said the 1.25 percentage point increase would raise £12bn a year. Opposition MPs criticised the government for breaking a manifesto [...]
Insurtech Marshmallow reaches $1.25bn valuation and becomes UK’s second black-founded unicorn September 8, 2021 Digital car insurance provider Marshmallow has smashed the $1bn threshold after its latest Series B funding round, making it the second UK unicorn with founders of Black heritage. Marshmallow’s latest cash injection of $85m values the insurtech at over $1.25bn (£907m), joining the ranks of other recent UK unicorns Starling Bank, Gousto, Zepz and Zego. [...]
Amazon paid £492m in UK tax last year despite £20.6bn revenue September 8, 2021 Amazon has revealed that while revenue from UK activities surged 50 per cent in 2020 the company paid just £492m in direct taxes. The company’s total tax contribution from direct and indirect sources was £1.15bn following record revenue from UK activities of £20.63bn last year as successive lockdowns drove shoppers online. In 2019, Amazon raised [...]