In a landmark decision, members of the historically male-only Garrick Club have voted to open their doors to women for the first time in its 193-year history. The pivotal vote, held on Tuesday evening, saw 60 per cent of the club’s 1,500 members in favour of the long-awaited change. Amidst the iconic setting of the […]
Social media giants TikTok and Instagram are in the spotlight as Britain takes decisive action to protect its youth from harmful online content. Under new regulations set forth by Ofcom, these platforms are mandated to rein in their algorithms that propagate detrimental material to children. The stringent code of practice outlined by Ofcom aims to […]
The Commons Treasury committee has expressed concerns over proposed lending rules that could adversely affect small businesses in the UK. These rules, put forth by the Prudential Regulation Authority (PRA) as part of the Basel 3.1 package, aim to enhance banks’ resilience but may inadvertently raise borrowing costs for small firms. Specifically, the committee highlighted […]
The Trades Union Congress (TUC) has highlighted a concerning trend in the UK labor market, indicating that workers are significantly worse off compared to before the 2008 financial crisis. According to their analysis, if wages had continued to grow at pre-crisis levels, the average UK worker would be £200 a week better off. This stark […]
Passport e-gates across key UK airports experienced a widespread malfunction, triggering chaotic scenes as travellers faced lengthy queues and manual checks by border officers. The nationwide breakdown occurred on Tuesday evening, exacerbating frustrations just days after a similar incident, prompting scrutiny of the Home Office’s handling of the technology’s reliability. Passengers returning from extended bank […]
Senior Tory MP Sir Iain Duncan Smith has said the UK should be imposing economic sanctions on China, following claims that the country has hacked the Ministry of Defence. Sir Iain said he believed there was conflict within Whitehall about how to handle China but warned the country’s purpose was to ‘destroy democracy’ and the […]
In April, business activity in the UK construction sector expanded at its fastest pace in over a year, according to a new survey by S&P’s purchasing managers’ index (PMI). Despite this overall growth, housebuilding continued to face challenges. The PMI for the construction sector recorded 53.0 in April, indicating growth and surpassing expectations. Among the […]
Recent analysis by Lloyds Bank suggests that the UK economy likely emerged from recession at the start of this year, with growth gaining momentum across several key sectors. According to Lloyds Bank figures, more than half of the sectors within the UK economy experienced growth in the first quarter of the year. Notably, services businesses, […]
Trainline has announced a remarkable surge in operating profit, exceeding 100 per cent growth last year, propelled by robust ticket sales, according to its latest annual results. The company revealed a doubling of operating profit from £28 million in 2023 to £56 million in the 12 months leading up to 29 February. Driven by strong […]
Goldman Sachs has announced the elimination of a bonus cap for hundreds of its top UK bankers, enabling star performers to potentially earn bonuses up to 25 times their annual salary. Richard Gnodde, the CEO of Goldman Sachs International, revealed this change in a video message to staff, stating that it aligns with the firm’s […]