Separate figures from Barclaycard – Britain’s biggest credit card provider – showed spending on non-essential items was still down by 22% in June compared with a year ago. However, this was a smaller decline than in May, when sales plunged by 37%, as the gradual reopening of shops benefited the retail sector. … [Read more...] about UK retail sales in June show signs of recovery after covid lockdown
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Hughes said: “In the wake of the coronavirus outbreak, governments have taken unprecedented steps to protect the health of their citizens and support their economies. They now need to take extraordinary steps to safeguard their own financial health through what could be a protracted period of economic disruption necessary to contain and eradicate the virus.” … [Read more...] about Rishi Sunak picks Richard Hughes for budget watchdog role
The suspects were arrested with the help of FBI officials, who are working closely with Italian authorities on the case. Police said the pair were well known in the world of high finance and had allegedly run a cyber-espionage ring for several years, targeting institutions, public administrations, professionals, politicians and entrepreneurs of “national importance”. … [Read more...] about Two held over alleged hacking ring targeting Italian elite
London-based businessman Bill Browder, whose company was one of the biggest foreign investors in Russia before his lawyer Sergei Magnitsky was arrested and died in police custody after exposing a tax fraud worth more than £144m, said he was aware of other former British intelligence agents who had been hired to gather kompromat, compromising material that is intended to be used against someone. … [Read more...] about Senior British politicians ‘targeted by Kremlin’ for smear campaigns
Conservatives can always find huge reserves when they need to: David Cameron for his flooded home counties, Theresa May for her deal with the DUP. But when you can’t fit their actions into any recognisable worldview, it becomes genuinely difficult to distinguish between a costed idea and a fag-packet guesstimate; a real promise and a panicky gesture. It is surely time to ask, if this is the party of economic credibility, what does that even mean? How long can one’s own credibility survive this clown show? … [Read more...] about If the Tories have ‘economic credibility’, what on earth does it mean?