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Evening Standard
Time for a new conversation about government spending
Austerity, said Alexei Sayle, is the notion that the financial crisis was caused by there being too many libraries in Wolverhampton.In truth, the Chancellor behind the idea, George Osborne, didn’t impose as much austerity as he first fancied.He saw that most government spending is non-negotiable, decided long ago.And that the policy was extremely unpopular, even …
Business
Evening Standard
British Airways to put 200 aspiring pilots through training
British Airways has announced it will fully fund up to 200 places on its pilot training programme next year.The airline said it is making the £21 million investment to boost social mobility and diversity within its pilot community.Many prospective pilots are unable to self-fund training, which usually takes around two years and costs in the …
Business
Sky News
‘Mini-Melrose’ plots £50m London stock market listing
A specialist engineering and manufacturing group which resembles the prominent acquisition vehicle Melrose Industries is plotting a £50m London flotation.Sky News has learnt that Amcomri is working with bankers at Cavendish on an initial public offering that would take place this year. Details of the listing have yet to be finalised, but one insider said …
Business
Sky News
Fears of retirement crisis resurface as number saving enough collapses
It’s no secret that many Britons do not save enough to live off in retirement.The bad news is that the number of people falling into that category is rising. The annual retirement report published today by Scottish Widows, the life company, reveals that the percentage of people not on track for even a minimum retirement …
Business
Evening Standard
Fuller’s cheers ‘strong’ trading as cost inflation eases further
Pub firm Fuller’s has hailed a “strong start” to the financial year amid a boost from easing cost inflation.The company, which runs 332 pubs and inns across the UK, said it saw “strong” sales in recent weeks as trading momentum continued.Like-for-like sales grew by 5.3% for the 16 weeks since the end of March, Fuller’s …
Business
Sky News
Gen-Z freelancer platform Passionfruit secures $9m from top investors
A start-up which provides freelance workers with job opportunities at companies including HSBC and PepsiCo has secured $9m (£7m) in a funding round led by prominent venture capitalists.Sky News understands that Passionfruit, which launched in 2022, will announce this week that it has raised the Series-A money from funds led by Seaya and including participation …
Business
Sky News
Four water firms ‘responsible for 90% of serious pollution incidents’
A majority of England’s nine water and sewage companies are “failing to get the basics right”, according to annual rankings which labelled four operators as responsible for 90% of serious pollution incidents.The report by the Environment Agency (EA) covering 2023 showed there were 47 of the most serious pollution instances recorded – up from 44 …
Business
Sky News
Almost half of private renters living with damp or mould, Citizens Advice warns
Almost half of private renters in England are living in homes that are cold, damp or mouldy, even in the summer, according to new figures.A survey by Citizens Advice found 45% of private renters are currently experiencing damp, mould or excessive cold in their home. And the research found 48% of these households have been …
Business
Sky News
Carpetright rescue could see 1,500 jobs lost
Carpetright’s future is understood to have been secured but the vast majority of its 1,800 staff are set to lose their jobs under a limited rescue deal.It is believed that rival floorings retailer Tapi will confirm it is buying just 54 of 272 stores and two warehouses in a so-called pre-pack administration that allows a …
Business
Sky News
At least 1,000 jobs lost in deal to save Carpetright’s future
Carpetright’s future has been secured, but at least 1,000 staff members have lost their jobs under a limited rescue deal.Rival floorings retailer Tapi has confirmed it is buying just 54 of 272 stores and two warehouses in a so-called pre-pack administration that allows a buyer to cherry-pick assets. The deal has seen just 308 staff …
Business
Sky News
Former Tory chancellor Zahawi plots £600m Telegraph bid
Nadhim Zahawi, the former Conservative chancellor, is assembling a £600m bid for The Daily Telegraph that could up-end the auction of some of Britain’s most influential media assets.Sky News has learnt that Mr Zahawi, who left parliament in May after opting not to stand again in his Stratford-on-Avon seat, has approached a number of billionaire …
Business
Sky News
Labour told to ‘take on net zero nimbys’ to help lower bills
The new government should roll up its sleeves and take on “net zero nimbys” if it wants to green the UK’s power and economy, a thinktank has said.The raft of new cables, pylons and renewable energy projects needed to power the switch to clean energy is “likely to face fierce resistance from local groups”, the …

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