Changes sweep the boardrooms and C-suites of biggest businesses in the UK August 24, 2022 The boardrooms and C-suites of some of largest companies in the UK have undergone sweeping overhauls this week alone. The winds of change have blown as the country heads into autumn and buckles down for a worsening economic crisis, some two years on from the start of the pandemic. While Covid-19 measures in the country [...]
Truss attacked over emergency Budget as she steps up Number 10 preparations August 23, 2022 A close ally of Rishi Sunak attacked Liz Truss today over her plans to hold an emergency Budget in September as the foreign secretary steps up her preparations for entering Number 10. Mel Stride, one of Sunak’s campaign whips, wrote to the Treasury in his role as chair of Westminster’s Treasury Select Committee to say [...]
UK house sales up a third as mortgage rates rises spur movers August 23, 2022 Home sales in July were more than a third higher than in the same month last year, making it the most active month in 2022, according to the latest figures from HM Revenue & Customs (HMRC) today. Residential deals hit 110,970 in July, some seven per cent higher than June of this year. However, HMRC cautioned that [...]
WH Smith chair Henry Staunton lined up as new Post Office head August 22, 2022 The UK government is lining up outgoing WH Smith chairman Henry Staunton to head the Post Office, as it seeks to navigate the fallout of the miscarriage of justice that saw hundreds of the state-owned company’s workers wrongfully convicted of serious crimes. Former ITV finance director Staunton has been chosen as the preferred candidate to [...]
Letters: Don’t point the finger at me August 18, 2022 [Re: Inflation deals record blow to UK workers’ living standards, August 16] The latest statistics from the Office for National Statistics highlight the fact that the UK labour market is constantly reacting to a cocktail of external forces which impacts its balance, creating a headache for employers. Whilst the statistics show that the number of [...]
Brits still working from home this winter facing hundreds more in energy bills August 17, 2022 The post-pandemic work from home honeymoon could end this winter with Brits having to pay hundreds more in energy bills to heat their homes. Research has shown it is cheaper for workers to go back to their desks, than to heat their homes while working in them, to the tune of almost £200 a month. [...]
Brexit Britain no longer seen as potential home for EU citizens: New arrivals drop by 90 per cent in just one year August 16, 2022 The number of citizens from member states of the European Union that moved to Britain has dropped dramatically, according to new figures seen by City A.M. Data from the Migration Observatory, part of the University of Oxford, showed that just under 43,000 EU citizens obtained UK visas for work, study, family or other purposes last [...]
BlackRock launches Bitcoin Private Trust, Ethereum’s Merge upgrade tentatively scheduled August 15, 2022 Data from CryptoCompare shows that the price of Bitcoin started last week at around $24,000 and moved sideways throughout it, at one point reaching a $25,000 high and a $22,500 low.
Graduate salaries climb at fastest rate in decades despite inflationary pressures August 14, 2022 Graduate pay packets have climbed at the highest rate in decades, despite employers feeling the inflationary pinch. According to a report from the Institute of Student Employers (ISE), graduate salaries were up seven per cent on average in the past year— the sharpest rise in 20 years. On average, graduate salaries have risen two per [...]
Commuter numbers into City of London nearly double with Wednesdays and Thursdays busiest August 12, 2022 Commuter numbers into the City of London have nearly doubled since last year and the lifting of Covid-19 restrictions in England, according to new data from mobile operator O2. The network said the data – which it gathered based on connections to O2 mobile masts in major commuter, hospitality and retail hubs – had found [...]