Cost of living squeeze deals financial crisis level blow to Brits’ optimism April 4, 2022 Brits’ optimism is eroding at the fastest pace since the financial crisis amid the tightest cost of living squeeze in a generation, reveals a closely watched survey released today. A combination of inflation scaling to its highest rate in three decades, tax hikes, swelling energy bills and weak wage growth have bound together to deal [...]
Russian Army pulls back as weekend fightback picks up: Ukrainian forces retake Kyiv suburbs despite fear of booby-traps April 2, 2022 Ukrainian forces are taking back suburbs and other areas surrounding capital Kyiv this weekend, and they have reportedly moved to retake territory north of the country’s capital amid fears that Russian forces might have set booby-traps before leaving. Ukrainian President Volodymyr Zelensky warned in his nightly video address hours earlier that departing Russian troops were [...]
Anger and indignation as Northern Ireland is branded the ‘begging bowl’ of the UK April 1, 2022 Northern Ireland is the “begging bowl corner” of the UK and should become fiscally responsible, politician Doug Beattie said this afternoon. In an address to business leaders, the UUP leader said Stormont parties have collectively failed to demonstrate their ability to manage the region’s finances. Beattie was addressing a pre-election event, hosted by the Northern [...]
Johnson says Ukrainian refugees can help ease UK labour shortages March 30, 2022 Tens of thousands of Ukrainian refugees set to come to the UK will help ease the country’s labour shortages, Boris Johnson has said. The Prime Minister said “one of the problems our economy has” is “the need for more pairs of hands to do crucial jobs and one of the things the Ukrainians will be [...]
Randox delays release of audited results amid concerns over Covid procurement process March 30, 2022 Covid test maker Randox has delayed release of its audited results amid mounting scrutiny over the government’s decision to award it contracts worth almost £777m. The delay to publication comes after the UK’s public spending watchdog said the government failed to document the procurement process that led to Randox being awarded 22 government contracts for [...]
Canary Wharf to host Europe’s largest commercial lab under new deal March 30, 2022 Canary Wharf is anticipated to host the largest commercial wet lab in Europe, as part of a investment partnership unveiled today. The Canary Wharf Group and Kadans Science Partner have announced a joint venture today to develop the 750,000 square foot life-science focussed hub. While no figure has yet been put on the investment, City [...]
Chief execs in Boris Johnson’s position would fall on their sword for rule-breaking March 30, 2022 In the corporate world, there was a slightly different take on “party-gate” than the conventional wisdom of Westminster, which has waited for fines to be doled out to look again at allegations of wrongdoing during lockdowns. The invasion of Ukraine has, understandably, taken over as priority, but it should not be able to fly under [...]
Law firms drive demand for London’s ‘super-prime’ office space March 29, 2022 Law firms are driving demand for “super-prime” office space in Central London, amid fierce competition to recruit and retain legal talent. Law firms took up more than a quarter (27 per cent) of all office space in the City of London last year, according to figures from Knight Frank. Intense competition between law firms to [...]
Recessionary threads begin to weave through present economic landscape March 29, 2022 This week, Bank of England governor Andrew Bailey warned this year’s energy shock will be bigger than any seen during the 1970s. The ripple effects on consumers from soaring energy bills has sparked a wave of economists to slash this year’s growth forecasts on concerns spending will be knocked by a steep fall in living [...]
Women and money making: What’s your business model? March 29, 2022 What do women around the world think is the most important component to their personal business model? Last year, I interviewed 53 accomplished women for my research paper “Smart Women: How Do They Make Money?” released on 8 March 2022. In celebration of International Women’s Day 2022, I thought I’d share some examples of how women [...]