Capital flight: 3m flew from London City Airport in 2022 in bid to avoid travel chaos at Heathrow, Gatwick, Luton and Stansted January 13, 2023 London City Airport has delivered its year-end goal of 3 million travellers after banking on the disruption that plagued its rivals over the past summer. The Newham hub announced today passenger levels were up 318 per cent on last year’s levels, but nevertheless trailed behind 2019’s 5.1 million visitors. The airport capitalised on rivals’ delays [...]
‘A historic moment’: Football regulator plans confirmed in King’s Speech November 7, 2023 The move will "safeguard the future of football clubs for the benefit of communities and fans", King Charles III said.
Government stuck in public services ‘doom loop’, top think tank warns October 30, 2023 The government is stuck in a “doom loop” with the UK’s public services “in a dire state”, a top think tank has warned. An annual report on UK public services has forecast that almost all services, other than child social care, could perform worse in 2027-2028 when compared to pre-pandemic levels. This is due to [...]
Uber chased by HMRC for extra £386m VAT August 2, 2023 HMRC is pursuing Uber for £386m extra in VAT, after paying £615m to resolve a tax dispute last year. In its results statement yesterday, Uber said that “UK tax authorities had disputed the amount and manner in which we were applying VAT to our UK business,” since the restructuring of its business model last March. [...]
Brits to get ‘much-needed respite’ with energy price cap to drop by 15 per cent February 16, 2024 It said the cap will keep going down until July, which is also due to the seasonal change, causing less Brits to use oil and gas for heating especially.
Equinor unveils steep drop in profits as fossil fuel prices fall July 26, 2023 Equinor's profits have tumbled in line with falling oil and gas prices, signalling an expected industry-wide decline in earnings.
Novak Djokovic forced out of Indian Wells on at 11th hour after being denied entry to United States March 6, 2023 Novak Djokovic has withdrawn from this week’s BNP Paribas Open in Indian Wells after the unvaccinated men’s tennis world No1 was denied entry to the United States. Djokovic’s decision to have a Covid-19 jab means he does not meet the current criteria to visit the US and his application for special permission was denied. A [...]
Bunq mulls London IPO as European neobank plots Monzo and Revolut UK challenge January 30, 2024 European fintech and neobank Bunq has applied for a UK electronic money institution (EMI) licence as it looks to capture market share from the likes of Revolut and Monzo ahead of a potential IPO.
FTSE 100 pares gains as investors split on Sunak’s Budget March 3, 2021 The FTSE 100 pared some of its gains after today’s Budget, as investors reacted to a combination of further business support and future tax hikes. Having been up 1.2 per cent by the mid-morning, London’s blue chip bourse fell back to 6,639 points, up 0.4 per cent. Read more: Budget 2021: Live news and updates [...]
BT reaches pay agreement with union after months of strikes November 28, 2022 BT has reached an agreement with the Communication Workers Union (CWU) over pay after months of negotiation. The union confirmed the news this afternoon, stating that the total package includes pay permanently increasing by £3000 from 1 April, with a further review from 1 September 2023 to “allow for further negotiations to resolve pay, grading [...]