Workers at the UK’s biggest container port will go on strike for more than a week later this month in a dispute over pay. More than 1,900 members of Unite union at Felixstowe will strike for eight days from Sunday 21 August until Monday 29 August. The union said that employer Felixstowe Dock and Railway […]
British taxpayers are now shareholders in a further 65 companies because of a government rescue funding scheme set up during the Covid crisis – including a medical cannabis firm, a video game studio and a chain of bars offering activities like ping pong. A list published by the government’s development bank reveals an eclectic range […]
Twitter has rejected Elon Musk’s claims in court that he had legitimate reasons to back out of a $44bn deal to purchase the social media platform, marking the latest development in a dramatic legal showdown. In a filing made public on Thursday, Twitter called Musk’s arguments for abandoning the deal “a story, imagined in an […]
The number of people using WeWork’s offices is back to where it was before the pandemic, but the provider of shared offices remains heavily in the red. The American group’s occupancy rate — the percentage of its desks that are rented out — rose to 72 per cent between April and June, matching its pre-pandemic […]
The UK’s construction output has fallen for the first time since last January, according to US analytics giant S&P Global. Despite healthy employment rates in the country, civil engineering and housing activity declined in July amid spiralling inflation which has hit raw materials, fuel and labour. Gareth Belsham, director of property consultancy and surveyors Naismiths, […]
MPs are set to scrutinise the Treasury’s plans to make the UK the “global home of crypto” in a fresh inquiry into the wider crypto and digital assets sector, launched today. The Crypto and Digital Assets All Party Parliamentary Group (APPG), chaired by Scottish National Party MP Lisa Cameron, announced the inquiry today and said […]
The UK’s top financial watchdog sounded the alarm over rising fraud rates today as scammers look to swoop on vulnerable consumers amidst a cost of living crunch. In a statement this morning, two Financial Conduct Authority chiefs said fraud rates were climbing across the board, with loan fee fraud – where scammers ask people to […]
Gordon Ramsay’s restaurant empire has reported almost £12m in losses and cut almost 300 staff because of closures and restrictions during the Covid-19 pandemic as the businessman warned of the potential impact of soaring inflation and rising bills on restaurant dining habits. The celebrity chef runs or owns a stake in 35 restaurants in the […]
Travel to Europe was given a boost yesterday as the European Union quietly delayed its plans to tighten entry rules. Brussels had been preparing to roll out a new European Travel Information and Authorisation System (ETIAS) from May 2023, but this has now been delayed until November. However, the long-awaited Entry/Exit System (EES), which will […]
Farmers are painting the horns of their sheep to thwart thieves as a report finds that rural crime has risen by 40 per cent in a year. The cost of living crisis may be contributing to an increase in rustling, a report by the National Farmers’ Union (NFU) found amid fears that meat is being […]