One reason he feels so strongly is that Johnson, who worked as a cash trader for Barclays from 1981 to 2011, was the original whistleblower of the interest rate rigging scandal, in which banks paid nearly $9bn in fines and 37 traders and brokers were prosecuted for “manipulating” Libor and Euribor, two benchmarks that track the cost of borrowing cash.
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Energy saving scheme: What is the Demand Flexibility Service?
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So not using energy-hungry appliances like tumble dryers, washing machines, dishwashers, electric ovens, electric showers and immersion heaters could...
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Coronavirus: Sir Keir Starmer to call for furlough scheme replacement
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Image copyright EPA Sir Keir Starmer will call on the government to replace the furlough scheme and outlaw “firing...
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Interest rates could stay higher for longer, warns IMF
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Countries including the UK and the US are “seeing some persistence” in inflation that might mean interest rates have...
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Soaring petrol prices send US inflation to 40-year high
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“The Russia-Ukraine war has added further fuel to the blazing rate of inflation via higher energy, food, and commodity...
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ARM: UK-based chip designer sold to Nvidia
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By Leo KelionTechnology desk editor image copyrightGetty Images/ARM UK-based computer chip designer ARM Holdings is being sold to the...
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Lorry driver shortage: Government working on temporary visa scheme
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That’s because the new immigration system that came in after Brexit was all about saying to companies: “You can’t...
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TUI says summer holiday season can be saved
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In the past year, TUI has been forced to borrow billions from the German government just to stay afloat....
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AI boss Sam Altman ousted after board loses confidence
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“The board no longer has confidence in his ability to continue leading OpenAI,” the company said, citing “a deliberative...
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