The Government is to be called on to take the operation of the West Coast Main Line into public hands and terminate Avanti’s contract. At a board meeting of Transport …
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Hundreds of jobs saved as firms owned by group hoping to emulate Warren Buffett sold out of administration
More than 400 jobs have been saved after a raft of companies across a manufacturing group were sold out of administration. Interpath Advisory was appointed to oversee the process at …
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Barclays, Santander, Natwest and Lloyds bosses warn of rising fraud threat from social media
Bosses from the UK’s biggest high street banks have told MPs that social media companies could do more to prevent the increasing amount of fraud originating on their platforms. UK …
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Will the US government’s ballooning fiscal deficit put the Federal Reserve’s independence at risk?
The independence of the US Federal Reserve may come under threat from ballooning government deficits, according to a leading analyst. Liberum’s Joachim Klement argued the Federal Reserve may have to …
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Jeremy Hunt suggests the state pension triple lock is unsustainable. Is it?
Jeremy Hunt has suggested the state pension triple lock may be on the way out. The chancellor made the comments yesterday in front of the House of Lords Economic Affairs …
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Rachel Reeves: Five things we learnt from the Shadow Chancellor’s Mais Lecture
Last night, Shadow Chancellor Rachel Reeves delivered the prestigious Mais Lecture. She wasn’t the first female Labour shadow Chancellor to make the address, as that honour went to her predecessor …
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Bank of England embarks on ‘Kardashian-style spending spree’ as IT budget hits almost £100m
The Bank of England has increased its IT budget to nearly £100m, while its staff are sharing an almost-£50m pot, City A.M. can reveal. The data, obtained by the think …
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Philip Hammond’s Railsr floats merger with Equals Group
Railsr, the fintech company chaired by former chancellor Philip Hammond, has confirmed it’s been running the rule over rival Equals Group. Equals confirmed that as part of an ongoing strategic …
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Fresh UK-wide train strikes set for April as drivers seek pay rise
A fresh round of train strikes are set to be staged next month with drivers across 16 companies preparing to walk out as part of a long-running dispute over pay. …
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House prices show stability despite higher interest rates, but rents continue to surge
According to new government figures, average price house prices were £2,000 cheaper in January compared to the same period the year before. The latest report from the Land Registry on …