Russia-Ukraine war to take tax cuts off the table, IFS warns March 10, 2022 Even higher inflation triggered by Russia invading Ukraine will take promised tax cuts off the table, a leading think tank warned today. Surging energy prices driven by concerns over the security of oil and gas supplies amid a ramping up in tensions between Moscow and the West will eat into Chancellor Rishi Sunak’s room to [...]
Top brewer warns average cost of a pint may now exceed £7 October 26, 2022 A top Brewer has said the average cost of a pint could cost reach £7 due to the cost of living. Scottish beer-maker Brewgooder’s chief executive Alan Mahon said the cost of raw ingredients were reaching “eye-watering” levels, pushing up the cost of a cold brew. Mahon said C02 was now costing 3,000 per cent [...]
War in Europe kills 50 so far: Ukraine begs EU for urgent air defences while Russian Army conquers Chernobyl February 24, 2022 Ukraine is urging the European Union to urgently provide air defence and anti-missile support, and to use “all means” to jam Russian satelitte signals. The plea for help comes as Ukrainian President Volodymyr Zelensky said Russian forces are trying to seize the Chernobyl nuclear plant, site of the world’s worst nuclear disaster. At the same time, Nato [...]
Bernanke: Inflation was ‘unavoidable’ but the Bank of England needs to change May 15, 2024 The surge in inflation seen over the past few years was "unavoidable," Ben Bernanke said today, as he outlined ways in which the Bank of England could navigate future uncertainty.
Rolls Royce: Aviation rebound sees five-fold profit jump at engine maker August 3, 2023 Rolls Royce reported a more than fivefold increase in half year profit this morning, as it cashed in on soaring demand for jet engines and defence technology.
‘World needs Britain’s leadership’: Ukrainian president Zelensky says during historic Westminster Hall speech February 8, 2023 Ukrainian President Volodymyr Zelensky said the “world needs Britain’s leadership” during a historic address to the Houses of Parliament in Westminster Hall. The wartime leader used his address to urge the UK and the west to provide fighter jets, telling MPs: “Combat aircraft for Ukraine, wings for freedom.” Zelensky also directly thanked former prime minister [...]
Russia’s second-richest man and Putin’s cousin are latest targets for UK sanctions June 29, 2022 Russia’s second richest man and president Vladimir Putin’s first cousin once removed are he latest targets of British sanctions against the Kremlin. Owner of major conglomerate Interros, Vladimir Potanin, has been targeted by the UK government because he “continues to amass wealth” that supports Russia’s war against Ukraine. Potanin, who acquired Rosbank and shares in [...]
Average price of used cars soar by a third following supply chain squeeze April 18, 2022 The average price of a used car in the UK has soared by almost a third over the last 12 months. Data from online car dealer Auto Trader revealed that on a like-for-like basis car prices have gone up by 32 per cent to around £18,000 – meaning that motorists are now paying a 15 [...]
‘How can a lawmaker be a lawbreaker?’: Ex Tory minister calls for Johnson to call vote of confidence if local elections go badly April 14, 2022 A senior Tory MP has said Boris Johnson should resign if local elections prove costly, while warning the PM not to use the war in Ukraine as a “fig leaf” to dodge tough questions on partygate. Tobias Ellwood made his comments on BBC Radio 4’s Today Programme, calling for him to hold a vote of [...]
Nissan: 250 jobs are safe despite engine cylinder factory ceasing production August 23, 2022 A Nissan factory in Sunderland is to cease production in 2024 but the company says it does “not expect this to result in job losses”. The car-maker said its engine cylinder factory will close after Renault, its only customer, did not renew a contract to produce the cylinder heads. In a statement to City AM, [...]