In a setback for Rishi Sunak, two government ministers, Armed Forces Minister James Heappey and Skills Minister Robert Halfon, have resigned from their positions, also announcing their decision to step down as Tory MPs at the upcoming general elections. This development brought about a mini-reshuffle within the beleaguered prime minister’s administration. Heappey, who had previously […]
Britain is urged to tread carefully in response to cyberattacks linked to China to avoid exacerbating trade tensions, cautioned a cabinet minister following accusations of a “prolific” global campaign by Beijing. Deputy Prime Minister Oliver Dowden hinted at plans to designate China as an “enhanced” security risk, necessitating individuals associated with the country or its […]
Merlin Entertainments, the parent company of Legoland among other attractions, is set to introduce surge pricing using machine learning algorithms to adjust ticket costs based on variables like weather conditions. Under this new dynamic pricing model, visitors can expect higher prices during peak-season sunny days, with the system set to roll out across the company’s […]
The UK government has relinquished its status as a controlling shareholder in Natwest after reducing its stake to below 30 per cent. Natwest, formerly known as the Royal Bank of Scotland, disclosed in a stock market filing that the Treasury’s stake had fallen to 29.82 per cent on March 22nd through its daily trading plan. […]
Jeremy Hunt has confirmed that if the Conservatives win the upcoming election, they will retain the triple lock system for determining increases in the state pension. This system ensures that the pension rises in line with either average earnings growth, inflation, or 2.5%, whichever is highest. The chancellor emphasized the importance of the triple lock […]
Avanti West Coast has reached an agreement with the union Aslef to increase the fee for train drivers working overtime shifts to £600. This deal aims to incentivise drivers to work extra shifts, thereby enhancing the reliability and resilience of Avanti’s services. Previously, the overtime deal involved a flat £125 payment plus an hourly rate, […]
Chinese electric vehicle battery manufacturer EVE Energy is reportedly in discussions to invest over £1 billion in constructing a massive new gigafactory on the outskirts of Coventry. The proposed factory, spanning 5.7 million square feet, would be a key component of the planned UK Centre for Electrification in the West Midlands region. The investment could […]
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Wetherspoon, the pub chain, has experienced a significant surge in profits, marking an eightfold increase, as it continues its recovery from the Covid-19 pandemic. Pre-tax profits soared from £4.6 million to £36 million in the first half of the financial year, driven by higher footfall in the group’s pubs. Despite a reduction in the number […]
A report from the Resolution Foundation suggests that the number of individuals exiting the workforce due to long-term sickness has reached its highest level since the 1990s. According to the report, the count of economically inactive adults due to ill-health surged from 2.1 million in July 2019 to a peak of 2.8 million in October […]