Biden urged to take on Big Tech amid lobbying fears November 30, 2020 US president-elect Joe Biden has been urged to confront Big Tech amid concerns about the number of tech executives linked to the incoming administration. Thirty-two advocacy groups today penned a letter to Biden urging him to hold companies such as Google, Facebook and Amazon to account, arguing that their business practices harmed American consumers and [...]
Investors in collapsed Woodford fund set for £100m payout November 30, 2020 Investors trapped in Neil Woodford’s collapsed flagship fund are set to share a payout of just under £100m by the end of the year. In a letter today fund administrator Link said it has raised a further £98m after selling off more parts of the portfolio’s assets. It said investors will be paid on or [...]
Tier system may cause increase in chronic illness, government review finds November 30, 2020 Tougher restrictions under the new three-tier system may have a knock-on effect that could see a spike in “morbidity and mortality of certain long-term conditions”, a government review has found. In its analysis of the health and economic effects of the tier system, the government found that a modest rise in unemployment may exacerbate chronic [...]
Mike Ashley offers Philip Green’s embattled Arcadia emergency funding November 30, 2020 Mike Ashley has offered emergency funding to fellow retail billionaire Sir Philip Green’s Arcadia empire, which is on the brink of bankruptcy. After speculation that a deal was in the offing over the weekend, Ashley’s Frasers Group today confirmed that it had offered the Topshop-owner £50m in loans. It added that should the company enter [...]
Antony Blinken and the tragedy of America’s foreign policy establishment November 30, 2020 I was recently speaking to an DC-insider friend of mine about the appointment of Antony Blinken as America’s next secretary of state. My old colleague — a veteran of my seminal struggles with the neo-conservatives around the time of the Iraq War, a passionate Republican Never-Trumper and card-carrying member of the Washington establishment — summed [...]
Exclusive: Government U-turns on claim that ’70 per cent’ of England’s PPE is made in the UK November 27, 2020 The government has made an apparent U-turn on claims that 70 per cent of England’s personal protective equipment (PPE) supply is made in the UK, following an admission that it does not hold any official figures on where PPE is manufactured, City PM can reveal. The Department for Health and Social Care (DHSC) in September [...]
Germany to double net borrowing for 2021 after suspending budget rule November 27, 2020 Germany will double its initially planned borrowing for 2021 to help finance businesses hit hard by the second wave of the Covid-19 pandemic, lawmakers said Friday morning. The parliamentary budget committee has agreed to a debt of €180bn (£160bn), almost twice the originally planned €96bn (£85bn). This is the second largest amount of net borrowing [...]
Nicola Sturgeon calls for Scottish independence referendum next year November 27, 2020 Scotland’s First Minister Nicola Sturgeon has called for a second Scottish independence referendum “in the earlier part” of her next term. She told BBC Scotland: “I’ve not put a date on it yet. I have not ruled it out nor I have ruled it in. I think that is right not least because of the [...]
London Tier 2: City leaders breathe ‘sigh of relief’ but push for return to the office November 26, 2020 City leaders have welcomed the announcement that London will be placed into Tier 2 when lockdown lifts, but warned that the capital will only fully recover when the government outlines a clear policy on returning to work. Health secretary Matt Hancock today said London will join regions such as Liverpool and Suffolk on “high” alert [...]
London to enter Tier 2 next Wednesday November 26, 2020 London will return to Tier 2 when England’s national lockdown lifts next Wednesday, the government has announced. Liverpool will join the capital on “high alert” on 2 December, while Manchester, Lancashire, Blackpool, Kent and Birmingham will enter Tier 3. Just three regions — the Isle of Wight, Cornwall and the Isles of Scilly — will [...]
