Chancellor Jeremy Hunt will launch a major reform of the UK’s financial sector, with plans to rip up red tape and replace a number of EU regulations. Mr Hunt said the changes, to be announced in Edinburgh later, will “turbocharge” growth as the country struggles with a sluggish economy and a cost of living crisis. […]
Holiday bookings for three-star destinations are starting to drop as households hit by the cost of living crisis cut back amid rising bills, according to the travel company On the Beach. The online travel retailer said that while premium bookings by customers with deeper pockets were proving “resilient”, holidaymakers who traditionally would book cheaper trips […]
Pubs and restaurants have suffered a collapse in Christmas party bookings due to next week’s UK rail strikes. Industry chiefs suggest the plunge is as bad as last year when cases of the Omicron variant of Covid-19 were surging, which hit hospitality firms in the run up to last Christmas. Kate Nicholls, chief executive officer […]
Meta Platforms has decided not to occupy part of its recently developed European HQ in Dublin and will instead sublet some of the site. In 2018 the social media giant signed a 25-year lease on Fibonacci Square, a 375,000 sq ft office in Ballsbridge. Now Meta has instructed its agent, Cushman & Wakefield, to sublet […]
Hundreds of soldiers have been told their Christmas leave is cancelled for the second year in a row after they were drafted in to replace striking Border Force guards. Troops who served on Covid wards during the Omicron wave last year are being asked to fill in at airports. The Public and Commercial Services Union […]
Apple announced a suite of security and privacy improvements on Wednesday that the company is pitching as a way to help people protect their data from hackers, including one that civil liberty and privacy advocates have long pushed for. The tech giant will soon allow users to choose to secure more of the data backed […]
Cornish second home owners are set to pay double in council tax after a proposal which would see the local authority granted powers to raise more money from out-of-towners. Currently, there is a loophole which allows some second home owners to claim business rates relief and avoid paying council tax altogether. But the new bid […]
The UK will build its first new coalmine for three decades at Whitehaven in Cumbria, despite objections locally, across the UK and from around the world. Michael Gove, the levelling up secretary, gave the green light for the project on Wednesday, paving the way for an estimated investment of £165m that will create about 500 […]
Twitter is under investigation by city officials in San Francisco following a complaint that the company allegedly converted rooms in its headquarters to sleeping quarters, an inquiry that has drawn scorn from Elon Musk. As of Monday, the office has “modest bedrooms featuring unmade mattresses, drab curtains and giant conference-room telepresence monitors” with four to […]
Investors in Moonpig headed for the exit yesterday after the online card and gift group cut its revenue forecast for the year as the cost of living crisis and Royal Mail strikes deterred consumers. In its half-year results, the FTSE 250 group said revenue for the year would be about £320 million, down from its […]