A miniscule bit of growth last November is unlikely to save us from a recession this year January 18, 2023 Whichever way you cut it, the UK is on the brink of a recession. A small boost in growth at the end of last year won't alleviate the cost-of-living crisis and inflation, writes Paul Ormerod
Twitter, Facebook, Instagram and TikTok are ‘above the law’, say founders of Hoof, the British football app taking on the social media giants January 17, 2023 British tech start-up Hoof is aiming to “elevate the level of football discussion” with a new app that, unlike Twitter, Facebook and the other social media behemoths, stops abusive posts at source, its founders tell City A.M. If football and social media had a relationship status it would be “it’s complicated”. On the one hand [...]
Brits’ take home pay still falling rapidly despite record wage rises January 17, 2023 Brits are suffering one of the sharpest hits to their take home pay despite businesses handing workers bumper pay prices, official figures out today reveal. Real pay tumbled 2.6 per cent over the three months to November, among the steepest drops seen outside the Covid-19 crisis, according to the Office for National Statistics (ONS). The [...]
Why Jeremy Clarkson’s Meghan Markle apology falls short – or does it? January 16, 2023 He’s trying, but he’s not there yet. Jeremy Clarkson has publically apologised after calling for Meghan Markle to be paraded around naked with fruit thrown at her in a recent Sun column. It’s not surprising: backlash included 60 MPs expressing concern as well as thousands of complaints from viewers. His farm show, Clarkson’s Farm, is [...]
Bitcoin keeps on rising, despite being surrounded by bad news narratives January 13, 2023 Jason Deane goes beyond the headlines as Bitcoin continues to move upwards against a backdrop of crypto catastrophes.
Probe into Revolution Beauty’s accounts flag ‘concerns’ over £9m sales and personal loans made to employees January 13, 2023 An independent investigation into troubled cosmetics maker Revolution Beauty identified concerns, including over certain historical sales, inventory provisioning methods and personal loans made by a former CEO. The probe was instigated by the company’s auditors BDO last autumn and has already claimed the scalp of former chief executive officer Adam Minto who stepped down from the [...]
Putin shuffles Kremlin pack as Moscow infighting rages and mercenary Wagner group claims a victory January 13, 2023 As Russian troops wage a ferocious house-to-house fight for control of strongholds in eastern Ukraine, a parallel battle is unfolding in the top echelons of military power in Moscow, with President Vladimir Putin reshuffling his top generals while rival camps try to win his favour. The fighting for the salt mining town of Soledar and the nearby [...]
Gatwick’s passenger numbers soar staggering 420 per cent on 2021 – but airport is STILL behind pre-Covid levels January 13, 2023 Gatwick’s passenger numbers have soared over the past 12 months following the reopening of air travel post-pandemic restrictions, but it’s still down on pre-Covid levels . The West Sussex hub reported that almost 33 million people passed through its gates in 2022, up over 420 per cent on last year’s 6.3 million passengers. Nevertheless, the [...]
Crypto lender Nexo has 15 sites raided by police in Bulgaria January 12, 2023 Bulgarian prosecutors have launched an investigation into alleged illegal activities conducted by cryptocurrency lender Nexo, they said on Thursday, raiding more than 15 sites in the capital Sofia. The announcement comes after Nexo said in December it would phase out its U.S. products and services over the coming months due to clashes with regulators. “In Sofia, active [...]
Can Starmer solve Ireland’s Brexit woes? Labour leader visits Belfast today for meeting with Irish premier Varadkar January 12, 2023 Irish premier Leo Varadkar and UK Labour leader Sir Keir Starmer are to travel to Belfast on Thursday as efforts to resolve the dispute over the protocol ramp up. The Taoiseach and Sir Keir are to meet with the main Stormont parties to discuss the deadlock over the post-Brexit protocol, which the DUP party has [...]