UK inflation expected to rise again in fresh blow to Labour December 16, 2024 Official data this week is expected to show inflation moved further away from the Bank of England's two per cent target in November, dealing another blow to the government after a contraction in GDP.
Innovation, sustainability, trade: why London is the financial centre the world needs December 16, 2024 With global challenges mounting, London must prioritise innovation, sustainability, and trade to safeguard its future as the world’s leading financial centre — for the benefit of all, writes Chris Hayward. The financial services sector is at a crossroads. Emerging technologies are redefining how businesses and consumers interact, the drive toward net zero demands urgent action and [...]
Tory peer’s plan for English football ‘opens door to Kim Jong Un and Assad’ December 15, 2024 Dictators such as Kim Jong Un or Bashar al-Assad could be encouraged to buy English football clubs if “preposterous” proposals from Tory peers are passed, campaigners have warned. Lord Moynihan, a former sports minister under Margaret Thatcher’s premiership, has argued that anyone with diplomatic immunity should be exempt from the owners’ and directors’ test that [...]
Home secretary criticised for not saying when small boat crossings will fall December 15, 2024 The home secretary has been criticised for not saying when small boat crossings will fall. Yvette Cooper has insisted the government has a moral responsibility to tackle the crisis, but refused to say when the number of people arriving across the English Channel will decline. The Labour minister was criticised by her Tory opponent for [...]
Talktalk to axe hundreds of jobs in latest cost-cutting drive December 15, 2024 Talktalk is set to cut hundreds of jobs as it looks to boost its balance sheet after narrowly avoiding collapse earlier this year. The telecoms giant, which had 1,857 employees at the end of February, outlined plans to cut the roles in the “radical” restructuring in an update last week, according to The Telegraph. The [...]
Vince Cable warns against bid by the ‘Czech Sphinx’ for Royal Mail December 15, 2024 Former business secretary Vince Cable has warned the Government not to wave through the sale of the Royal Mail to Czech tycoon Daniel Kretinsky, citing his links to Russia and the high amount of debt involved. Cable was the architect of the privatisation of the postal service in 2013, overseeing a £3.3bn deal which led [...]
‘Milestone’: UK first European country to join CPTPP trade bloc December 15, 2024 The UK has become the first European nation to join the CPTPP trade bloc after its membership formally took effect. Britain’s participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into force on Sunday, December 15. The major Indo-Pacific trade partnership comprises member states Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, [...]
Water bills set to rise by a fifth as government calls for ‘complete reset’ of sector December 15, 2024 Water bills are set to rise by at least 21 per cent as the government slams a "failure of regulation and governance" within the sector.
Boohoo’s money troubles increase as bidder for London office walks away December 15, 2024 Boohoo has suffered another financial setback after an Israeli bidder pulled out of talks to buy its London office. The company was set to sell its Soho office for £60m to cover a looming debt repayment of £47m due in August 2025. The fast-fashion company bought the property for £72m in 2021. The news comes [...]
London Stock Exchange suffers biggest exodus in 15 years as former boss sounds alarm December 15, 2024 The former head of the London Stock Exchange Group has warned its flagship bourse has become "deeply uncompetitive" amid its biggest exodus since the financial crisis.