Silicon Valley Bank UK: What we know (and don’t know) on Monday morning March 13, 2023 Silicon Valley Bank UK was put into insolvency last night – with expectations that government would step in before Monday’s market open now looking more unlikely. The bank’s accounts are effectively frozen, meaning that firms will be unable to access their deposits – possibly leaving them unable to pay bills or salaries. SVB UK’s parent [...]
Israel hits Iran with ‘missile attack’ near nuclear site as markets watch oil prices April 19, 2024 Iranian air defence batteries were launched on Friday morning after explosions near the city of Isfahan, in the centre of the country, according to its state-run IRNA agency.
Rail strikes: Half of all lines shut as Mick Lynch warns strikes could last well into summer January 4, 2023 Half of Britain’s railways are closed today with only a fifth of services running, as even London’s tube and overground network are affected by the industrial action. Train passengers are suffering another day of strike disruption as the new general secretary of the TUC called for an urgent meeting with the Prime Minister in a [...]
Artificial intelligence is bringing about a revolution that the UK shouldn’t try to resist June 9, 2023 Artificial intelligence is creating a divide between life as it was and life as it will be. UK businesses and leaders shouldn't make the common mistake of refraining from it; they should embrace it, writes Chris Hirst
Anger after partygate champagne donated by Tory chair and signed by PM is auctioned for charity May 13, 2022 The Conservative Party chair has come in for criticism after donating a bottle of ‘partygate’ champagne signed by prime minister Boris Johnson to a charity auction. . TV food critic and journalist Jay Rayner flagged it up on Twitter, sharing an image of the item and saying the party didn’t take partygate claims “seriously”. This [...]
UK lags behind EU rivals in easing burden of fuel prices August 1, 2022 The UK lags behind many of its EU rivals when it comes to easing the burden of high fuel prices. Data released today by motoring group RAC has shown that – among the EU countries that have cut petrol taxes since March – only Luxembourg and Croatia have done less for drivers than Britain. The [...]
The Tories have lost rural England – and whoever wins it could triumph in politics June 7, 2023 Rural England has lost faith in the Tories after years of neglect. But Labour and the Lib Dems also don't seem to understand rural communities. Whoever manages to, could win the next elections, writes Mark Tufnell
Keir Starmer: Nuclear ‘triple-lock’ is ‘bedrock’ of Labour policy with 2.5 per cent of GDP for defence April 12, 2024 Keir Starmer committed Labour to spend 2.5 per cent of UK GDP on defence while saying a commitment to nuclear weapons was a 'bedrock' of policy.
Treasury to reveal £40bn tax boost as Sunak faces calls to further tackle cost of living March 20, 2022 The Chancellor is preparing for a £40bn boost to the Treasury from higher tax receipts as industry and campaign groups call for more solutions to tackle the cost of living. Rishi Sunak is expected to reveal better borrowing figures than previously forecast, alongside higher tax revenues and a slimmer debt-to-GDP ratio in 2021-22. The figures [...]
UK economy avoids recession edge as GDP shows no growth November 10, 2023 The ONS said services fell by -0.1% per cent, construction grew by 0.1 per cent and production was flat at 0.0 per cent, as the UK economy appeared to remain stagnant.