Ukraine President calls on ‘friends’ from abroad to help fight Russian invasion of the capital February 27, 2022 Ukraine’s president said his forces still have control of the capital, but has called on the country’s “friends” to help them fight. Volodymyr Zelenskyy said in an address this afternoon: “Everyone who can defend Ukraine abroad please do it directly in a united way. “Every friend of Ukraine who wants to join Ukraine in defending [...]
Bank of England economy warning sends London markets lower July 5, 2022 London markets were dragged lower today by the Bank of England warning the UK economy is headed for a tough time over the coming year. The capital’s premier index shed nearly three per cent to close at 7,025.47 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
EU aims to boost gas supplies amid deepening energy crisis and Russia-Ukraine tensions January 23, 2022 The European Union is talking with partners as it looks to boost gas supplies amid a deepening energy crisis across the continent.
British factories yanked into recession by inflation, energy costs and wilting demand January 3, 2023 British factories are being yanked into recession by inflation, swelling costs and stumbling demand in a further sign the country is now in the early stages of a tough slump, a closely watched survey out today reveals. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) final purchasing managers’ index (PMI) for the [...]
Dirty money being hidden on our shores will be brought into the harsh light of day August 1, 2022 THE world fundamentally changed on 24th February when Russia invaded Ukraine, a sovereign and democratic European country. This barbaric action demanded that the UK government take bold and decisive action, identifying all avenues by which we could choke off those supporting Putin’s campaign of destruction. On top of a comprehensive package of economic sanctions, we launched a [...]
Bank of England’s Broadbent urges markets to curb rate expectations October 20, 2022 One of the Bank of England’s top officials has today warned markets not to get carried away with the number of rate rises coming down the line. Ben Broadbent, a member of the monetary policy committee (MPC) and a deputy governor at the Bank, said Threadneedle Street’s internal calculations worked out the response to the [...]
Russian athletes banned from Winter Paralympics after rivals threaten boycott March 3, 2022 Athletes from Russia and Belarus have been banned from the Beijing Winter Paralympics after other nations, including Britain, threatened a boycott. The move represents a swift U-turn from International Olympic Committee, which had on Wednesday said they could compete as neutrals when the Games begin on Friday. It is the latest sporting sanction to hit [...]
Latest GDP figures confirm UK economy grows 0.8 per cent as Covid fears subside March 11, 2022 Official data from the Office for National Statistics (ONS) showed that gross domestic product (GDP) grew by 0.8 per cent in January as the hit from the Omicron variant subsided. It more than reversed the entire 0.2 per cent fall that had been observed in December. Experts had predicted a 0.1 per cent rise in [...]
Green levies are a form of defence spending to ease Russia’s hold on our energy market July 22, 2022 SINCE Boris Johnson announced he would resign, the Conservative party split itself into different camps for their leader. Now we have the final two: Rishi Sunak and Liz Truss. After an ideologically-light leader, the party has tried to reshape itself over its policy on tax cuts and the cost of living. On the one hand, [...]
UK plans to sanction all Russian nationals would breach equality laws, banks say April 1, 2022 The UK government’s plans to ban Russians from holding more than £50,000 in UK bank accounts are unfeasible, banks have said. Banks have told the government that the sanctions measures put in place in response to Russia’s invasion of Ukraine would breach equality laws, which prevent discrimination on the basis of nationality. The sanctions set [...]