Tesco, Superdrug, Pizza Hut named and shamed for minimum wage fail

Superdrug, Tesco, and Pizza Hut are among the 139 firms named and shamed by the government for not paying workers the minimum wage, investigated between 2016 and 2018. They failed to pay £6.7m to more than 95, 000 workers. The minimum wage ranges from £4.15 an hour for apprentices to £8.72 an hour for over-25s.…

UK Government record borrwing in November

The UK government continued to support the economy during the pandemic by borrowing soared in November hitting £31.6bn the highest level on record according to the office for National Statistics and the third-highest figure in any month since records began in 1993. The Independent Office for Budget Responsibility has estimated that the amount of borrowing…

Sterling and FTSE fall as European borders close to the UK

The FTSE 100 fell 3 percent before recovering slightly, while the main German and French markets were nearly  3 per cent lower. Sterling fell 0.9 per cent against the Euro and dropped 1.6 per cent against the dollar. Travel restrictions hit airline stocks, with IAG, the British Airways owner down 8.6 per cent, EasyJet tumbling…

UK’s first unexplained Wealth Order as £1m diamond ring was seized

Zamira Hajiyeva, married to Jahangir Hajiyev, a banker, who is serving a 15-year sentence in their native Azerbaijan for stealing millions from his state-controller bank, managed to spend £16m in Harrods, by using 54 credit cards many of which were linked to her husband’s bank is currently fighting the UK’s first Unexplained Wealth Order (UWO).…

Rollercoaster ride for Bitcoin

On Wednesday16th December 2020,  the volatile currency Bitcoin gained 170 per cent this year and jumped 4.5 per cent to as much as  $14, 800 ($20, 000)buoyed by demand from large investors keen on its potential for quick profits. IN November investors had a bumpy ride with the cryptocurrency peaked at £19, 000 before dropping…

How Dirty money is quickly anonymised

Award-winning investigative Financial Times journalist Tom Burgis reveals a terrifying global web of corruption by following the dirty money that is flooding the global economy, emboldening dictators, and poisoning democracies, spanning Kremlin to Beijing, Harare to Riyadh, Paris to the Trump White House, all at a terrible human cost. A body in a burned-out Audi.…

Boom and Bust –Exchange Alley

In 1719 London, the year began well enough for London’s stock traders, working from their corner of the city, a narrow passage called Exchange Alley, buying and selling shares-dealing not in things but in numbers – was still new to the city. There was no fixed marketplace for traders in the paper. So those who…

P{rincely Vision 2030

35-year-old Mohammed bin Salman is the pivotal leader of the Arab World, Crown prince who became king in 2015 and de facto ruler of Saudi Arabia, ended the House of Saud’s consensual model of an absolute monarchy with no absolute monarch, seizing all the reins of power and urged forward social and economic reform. The…