The Bank of England has warned £16 trillion ($20tn) worth of assets held by firms are at risk if companies do not take action on climate change. Mark Carney, the outgoing governor of the BoE said millions of pension funds could become “worthless” unless companies and banks take effective steps to deal with the climate […]
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Amazon’s deal with Deliveroo is under a formal investigation by the competition watchdog after the companies failed to address concerns and provide concessions needed to green-light the partnership. The Competitions and Markets Authority (CMA) announced the tie-up could be bad for customers, retailers and restaurants and follows Amazon’s £440 million investment in Deliveroo through a […]
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Boris Johnson wants the European Union to pay for a bridge linking Scotland and Northern Ireland post-Brexit, according to Ireland’s taosieach Leo Varadkar. The Irish leader said he and the UK prime minister had recently discussed the plan which Johnson described last week as a “very interesting idea”. Varadkar said he told Johnson the UK […]
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The pound has tumbled as fears of a no-deal Brexit resurfaced wiping out the gains made following Boris Johnson’s comprehensive election victory. Sterling plummeted more than 1.5% against both the dollar and euro after the prime minister announced an amendment to the Withdrawal Agreement Bill (WAB) outlawing any extension to the transition period beyond the […]
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Boris Johnson’s stunning election win has left the money markets “cock-a-hoop” with sterling surging and the FTSE 250 hitting record highs. The pound rose 2.1% to hit $1.34 against the dollar and €1.20 against the euro – levels not seen since 2016 – as the extent of the Conservative election win became evident. Jeremy Corbyn’s […]
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Ali Milani is the 25-year old Labour candidate who could keep Boris Johnson out of Downing Street. Since the announcement of the pre-Christmas election, he’s been visiting hundreds of homes in the Uxbridge constituency. When talking to people, he emphasises that he cares about the local people and knows about their needs and burning issues. […]
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The Labour Party announced plans yesterday to reduce the cost of many train tickets from January 2020. Instead of the 2.8% increase currently scheduled, the price of regulated fares would fall by 33% and would be completely scrapped for those under the age of 16. The Labour manifesto had promised to bring down train fares […]
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Voters have been promised “the most radical and ambitious plan to transform our country in decades” by Jeremy Corbyn who unveiled Labour’s manifesto today – exactly three weeks before December 12’s general election. The Labour leader pledged “investment on a scale you have never seen before” whilst laying out his party’s plans for government in […]
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The director general of the CBI has said political extremists on the right and left of British politics are causing “great harm to the economy” Dame Carolyn Fairbairn told the Confederation of British Industry’s annual conference that extremism from no-deal Tory Brexiters and pro-nationalisation Corbynites meant “we are facing a danger that could get in […]
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In the UK, companies like Starbucks, Google, Facebook, and Amazon have come under fire for paying little tax on UK sales. Tax shaming is having an impact, but will it stop tech giants from shifting profits to low-tax countries? OECD efforts to put a stop to tax avoidance have received mix reactions. While some have […]
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