‘Open for business’: US rolls out Covid travel requirements starting November 8 October 26, 2021 The Biden administration has said that minors and people from a dozen countries with a shortage of vaccines will be exempt from new rules that will require most travellers to the U.S. to be vaccinated against Covid-19. The government said it will require airlines to collect contact information on passengers regardless of whether they have [...]
UK housebuilding tumbles into ‘stagnation’ amid reversing economy June 8, 2022 Higher raw material costs and ongoing supply chain disruption clamped down on the UK construction sector last month, according to a closely watched survey released today. Construction businesses cut back on activity amid rapid cost inflation persisting in May making projects unviable. Just over seven in 10 firms said input prices climbed in May, driven [...]
Londoners face more disruption as new tube strike is confirmed for 21 June June 8, 2022 Londoners will need to brace themselves for more disruption as the RMT union has announced that 10,000 of its tube workers will walk out on 21 June. RMT members working for London Underground cited a dispute over pensions and job losses as the main reason behind the walkout. The strike is the latest disruption to [...]
Back in business: London City Airport predicts passenger demand will surge in 2022 January 17, 2022 London City Airport is predicting a surge in passenger growth for 2022 as a result of pent-up demand. Following the return of British Airways’ (BA) summer schedule and the easing of Covid restrictions, the hub will see the re-introduction of routes such as London to Milan and London to Barcelona. New London to Thessaloniki flights [...]
Government borrows £18.8bn in October as debt to GDP remains elevated November 19, 2021 The government borrowed the second highest amount of money on record in October as the pandemic continues to hit the public finances. The government borrowed £18.8bn in October, the second highest monthly figure since record began in 1993. The borrowing figure was much higher than expected. Experts had expected public sector borrowing to fall to [...]
HS2 may never open at Euston. But it might kill Drummond Street’s Indian restaurants anyway. September 2, 2023 Tehreem Riaz, 53, has lived on London’s Drummond Street almost her entire life. Known for its vibrant atmosphere and Indian cuisine, the area is home to some of the capitals’ oldest South Asian restaurants and is the birthplace of household brand Patak’s Pickles and the national Indian sweet shop, Ambala Sweets. Riaz and her parents, [...]
IFS: Top City brass pocket decade-beating payouts May 4, 2022 Top bosses in the City are pocketing bumper payouts not seen for a decade, reveals analysis published today by a leading economic think tank. Growth in average pay packets in the Square Mile has far outstripped the rest of the economy since just before the onset of the Covid-19 crisis, according to the Institute for [...]
Most UK adults think Boris Johnson will not be prime minister by the end of 2022 December 20, 2021 Most adults in the UK think it likely that Boris Johnson will not be prime minister by the end of 2022, according to an opinion poll published by Ipsos Mori today.
UK economy stumbles behind Euro peers as risk of recession gathers pace January 24, 2023 The UK economy is falling further behind its international rivals and experts, according to a closely watched survey. The survey by economists has revealed Britain’s services industry, which generates about £2 in every £3 in the country, is shrinking at the fastest pace in two years. S&P Global and the Chartered Institute of Procurement and [...]
Deloitte pays partners more than £1m each as consulting revenues surge September 30, 2022 Deloitte today said its 672 equity partners will take away average payouts of £1.06m each after a bumper year for its advisory business saw the Big Four accounting firm’s revenues surge 10 per cent to £4.9bn. The uptick in Deloitte’s UK revenues for the year running up to 31 May 2022 came as sales [...]