Night-time cultural sector hit with 86,000 job losses due to Covid-19

Research has estimated that 393,000 jobs have been lost across the night-time economy due to Covid-19, including 86,000 in the “night-time cultural economy” (NTCE), which includes nightclubs and theatres. The research, commissioned by the Night...

Interest rate rise ‘likely by end of year’

A Bank of England policymaker has given the clearest signal yet that interest rates may rise before the end of the year amid rising concern over inflation. Michael Saunders, an external member of the Bank’s...

Buy-to-let slowdown drives big rise in rent

Low levels of buy-to-let activity have sent rents higher in the UK, according to a Hamptons report. The proportion of total purchases made by buy-to-let landlords increased by just one percentage point during the stamp...

New push to get civil servants back into offices as government concern about pandemic fades

Civil servants could face deadlines to return to the office as ministers prepare a fresh push this week. Simon Case, the cabinet secretary, has already told Whitehall departments to get as many staff back to...

Tech industry welcomes UK £5bn cyber warfare centre

The new £5bn digital warfare centre which is capable of launching “offensive” cyber attacks against hostile powers such as Russia, announced this week by Defence Secretary Ben Wallace, is being hailed by industry leaders...

NatWest faces £340m fine after admitting ‘money-laundering’ failings

NatWest faces a fine of up to £340m after admitting three counts of failing to properly monitor £365m deposited into the account of a Bradford jeweller. It is the first time a financial institution has...

European parliament approves tougher rules on offshore wealth

Members of the European parliament have voted for tighter rules on the super-rich who move their wealth offshore, in a resounding vote that reflects widespread anger and exasperation in the wake of the Pandora...

Top EU official calls for crackdown on shell firms used to avoid tax

The EU must respond to the revelations in the Pandora papers with a fresh clampdown on the use of shell companies by tax avoiders to ensure the costs of the Covid recovery are fairly...

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