Binance pulls out of Canada as CZ continues to plot a course towards UK May 13, 2023 Crypto giant Binance has pulled the plug on its presence in Canada, citing the country's new legislation over investment limits and stablecoins.
Badenoch take Brexit bullet for Sunak: ‘Massive climbdown’ in EU law bonfire pinned on business sec May 12, 2023 Kemi Badenoch has insisted a decision to scale back post-Brexit plans to scrap EU laws was hers, as senior Conservative MPs criticised the “massive climbdown”. The Business Secretary insisted it was she and not Rishi Sunak who had taken the decision to revoke around 600 retained EU laws, rather than the 4,000 pledged. The Government [...]
Rail strikes this weekend: All you need to know – how will London be affected? May 12, 2023 Train services are being hit by more strike action this weekend, with London set to be hit by industrial action on routes to major airports and transport hubs. Members of Aslef and the Rail, Maritime and Transport union (RMT) at train operators will walk out in long-running disputes on Friday and Saturday respectively. Further strikes [...]
London can’t continue to measure its success by fintech unicorns May 12, 2023 Only weeks ago, Jeremy Hunt called the UK the ‘Unicorn Kingdom’, but the firms valued at over £1bn in fintech are no longer the measure of our success, writes Jack Davies.
Bank of England hikes interest rates for twelfth time in a row and warns of ‘significant’ inflation risk May 11, 2023 The Bank of England today hiked interest for the twelfth time in a row and to their highest level since October 2008, but warned inflation will stay higher for longer than it previously thought. The monetary policy committee (MPC) – the nine-member group tasked with setting interest rates in the UK – voted 7-2 in [...]
UK donates long-range cruise missiles to help defence of Ukraine May 11, 2023 Ukrainians will have the “best chance to defend themselves” after the UK’s donation of Storm Shadow cruise missiles, the defence secretary has said. Ben Wallace confirmed that he and Prime Minister Rishi Sunak had agreed to authorise the donation after continued Russian attacks on Ukraine. He told the House of Commons: “Today I can confirm [...]
‘Come take a train journey with me’: Union boss challenges Sunak’s private jet-setting May 11, 2023 TSSA President Marios Alexandrou took aim at Rishi Sunak’s rail policy and private jet-setting this morning, inviting the Prime Minister to “come take a train journey with me” amid continued industrial action. According to Alexandrou, Sunak is “more familiar with the interior of an RAF Chinook than Waterloo in rush hour”. The PM has come [...]
Bank of England to usher in new era of higher interest rates after sending them to near 15-year high today May 11, 2023 The Bank of England will rip up the monetary policy order of the last decade and keep interest rates far above their post-financial crisis rock bottom levels over the coming years, new forecasts out today claim. UK borrowing costs are on course to top four per cent for the whole of this year and next [...]
Rishi Sunak’s fate is cursed by 13 years of the Conservatives’ electoral success May 11, 2023 Local elections results are never a prediction for a general election, but still is not Keir Starmer who needs a miracle to find himself in Downing Street pretty soon, it's Rishi Sunak, writes Will Cooling
Brits will flock to Duolingo to dust up on their French but they’re terrified of maths May 11, 2023 We love learning French on Duolingo, but we don't want to learn maths in the UK. But we should, because we would be reaping benefits personally and professionally, writes Phoebe Arslanagic-Wakefield