Rising Inflation The month of October experienced a ‘bigger than expected’ 4.2% jump in inflation amid fresh calls for the Bank of England to raise interest rates. This outpaced the previous months 3.1% increase and marks the highest rate of inflation in 10 years for the UK. Two of the main causes of this are the surging fuel and energy bills faced by the British public over recent weeks. The RAC, ...

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COP26 Summary The new global “Glasgow Climate Pact” has emerged from the COP26 Summit and was welcomed by many but also faces expectations for increased contributions going forward. The document is not legally binding but sets an international agenda on climate change, it focuses upon: Emissions – meeting next year to pledge further CO2 cuts and keep temperature increase within 1.5C Coal – first COP conference with explicit plan to reduce ...

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COP26 First Week The first week of COP26 in Glasgow has been completed, with proceedings set to conclude this Friday (12th November, having featured 25,000 delegates from 200 countries. Around 120 heads of state made appearances at the summit which was opened by HRH Prince Charles. However, China’s Jinping and Russia’s Putin were not in attendance and the BBC has reported that other countries have been lobbying to protect fossil fuel ...

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The Autumn Budget, released on 27 October 2021, by the Chancellor of the Exchequer set out the government’s tax and spending plans for the year ahead. At present the level of inflation is around 3.1% and the UK economy is recovering better than the OBR had previously expected: with a recovery to pre-COVID levels now by 2022. Other healthy signs include the economic growth for the year expected to be ...

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COP26 The first day of COP26, in Glasgow, started with Sir David Attenborough warning world leaders that “the world is looking to you” in an emotional speech; India also committed to net achieving net zero emissions by 2070 which is the first time that the global power has made such a pledge. However, this extends 20 years beyond the summit’s 2050 deadline and is even 10 years longer than China’s 2060 ...

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Last week on Friday our Patron company Volvo Cars held their much-anticipated listing on the Stockholm stock exchange. The market reacted warmly to the IPO, which had been substantially oversubscribed, and the stock went up by 22% on its first day of trading. Anglų kalbos kursai ir vaikų dienos vasaros stovyklos Kaune, Vilniuje, Klaipėdoje https://intellectus.lt/dienos-stovykla/. The IPO was Europe's largest for 2021 and was Sweden's second largest ever at ...

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The Budget: Expectations Statements from the government so far, prior to the Chancellor’s delivery, about the Autumn Budget have already identified key areas of interest such as transport, health and education. The official delivery is due on the 27th of October and it is considered unusual for this many details to have already been publicly discussed. The Treasury has asked departments to locate a minimum of “5% of savings and efficiencies ...

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SAAB, a BSCC Patron Member, has joined the United Nations Climate Change (UNFCCC) Race to Zero campaign and has committed to halving greenhouse gas emissions by 2030 and hitting net zero by 2050. The company has identified climate change as an increasing security threat for people, nations and the planet’s future which has inspired the company to focus on integrating climate targets into strategic work. SAAB’s President and CEO, Micael ...

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Sir David Amess On Friday, the 15th of October, Sir David Amess died after being stabbed multiple times during a regular constituency meeting at a Methodist church in his home county of Essex. The Conservative Party politician, an MP since 1983, had spent a career focussed on his passion for animal welfare, eliminating fuel poverty and promoting his seat in the town of Southend-on-Sea to become a city- which on Monday ...

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Rising Gas Prices The business secretary, Kwasi Kwarteng, this week put in a formal request to the Treasury to support industries hit by soaring energy costs (according to the BBC). Sectors such as steel manufacturing have requested a ‘price cap’ similar to the one available exclusively to members of the public. In the first quarter of 2021: the price per therm (gas price) was around 50 pence but this has now ...

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