Severn Trent boss admits it needs to improve as it pledges £100m to clean rivers March 14, 2022 The boss of Severn Trent has admitted that the water giant is not acting on water protection as much as the public, and government, need. Severn Trent and Anglian Water have pledged to bolster their efforts in improving their practices, after environment minister Rebecca Pow last month urged water companies to reduce how much sewage [...]
Around 180,000 jobs could be lost if travel restrictions return, travel council warns November 15, 2021 Around 180,000 jobs could be lost across the UK travel and tourism sector this year if travel restrictions are re-imposed this winter. Data from the World Travel and Tourism Council (WTTC) has revealed that up to 500,000 Brits could see their job at stake if wider measures to stop the spread of Covid-19 – including [...]
Hostelworld revenue dives against restrictions but travellers begin to return August 11, 2021 Online travel agent Hostelworld has had its revenue plummet 76 per cent in the past six months, as the group was significantly bruised by Covid-19 travel restrictions. Net revenue fell from €12m in the first half of last year to just €2.9m this year. Total bookings have also sunk by 73 per cent from a [...]
Cutting taxes without reshaping state is ‘challenging’ task, former BoE chief economist says June 8, 2022 The scope to cut taxes without worsening the standard of public services delivered by the state is limited, according to one of the UK’s top economic wonks. Professor Sir Charlie Bean, 68, told Nick Ferrari’s LBC breakfast show today that it will be “challenging… to sustain significantly lower taxes” without reshaping “what the state does”. [...]
Britain’s richest man foots bill as Dazn faces $1.3bn in losses February 23, 2022 Sir Leonard Blavatnik is patching losses for sports streaming company Dazn which hase reported a $1.3bn shortfall for 2020.
Preventing entrenched inflation will require inflicting economic self-harm, IMF warns February 23, 2022 Preventing inflation from spiralling out of control will require dealing a heavy blow to the UK’s economic health, the world’s economic watchdog warned today. Getting inflation back down to the Bank of England’s two per cent target will come with the trade off of squeezing households’ living standards and choking economic growth, the International Monetary [...]
ONS: Cost of living grip chokes nearly every UK household April 25, 2022 Predictions that the UK economy is hurtling towards a period of weaker growth look set to materialise driven by historically high inflation squeezing almost all households across the country, official statistics released today indicate. Soaring energy, petrol and food prices have led to nearly nine in 10 Brits experiencing an uptick in their cost of [...]
Even as we teeter on the edge of a recession, we will create new opportunities August 23, 2022 NECESSITY, as the old saying goes, is the mother of invention. That’s why periods of economic or social upheaval often coincide with exceptional innovation – the rapid development of the Covid-19 vaccine, based on breakthrough mRNA technology, being a perfect example. Today, the global economy is in precarious shape. Europe, in particular, faces likely recession [...]
Moderna vaccine prevents 94.5 per cent of coronavirus November 16, 2020 Covid-19: Moderna vaccine close to 95 per cent effective against coronavirus, but the UK hasn't yet ordered any doses
Swelling energy bills propel inflation to 4.2 per cent, more than double Bank of England’s target November 17, 2021 Swelling household energy bills have propelled inflation to more than double the Bank of England’s target, dialling up pressure on the Old Lady to act to hose down red-hot price rises. Inflation scaled to 4.2 per cent in October, up sharply from 3.1 per cent in the previous month, according to the Office for National [...]