Uber has been granted a short-term licence to operate in London after Chief Magistrate Emma Arbuthnot said the firm was now considered "fit and proper". However, the taxi app, which had been seeking a five-year licence after it was refused by Transport for London last year, has been put on probation for 15 months. It was also ordered to pay TfL's legal costs of £425,000.
The chief of the Financial Conduct Authority says claims from European officials that London banks are not ready for a hard Brexit are "considerably wide of the mark". Andrew Bailey also threw shade at the decision of European regulators not to give UK banks operating in Europe the assurances needed to continue operating as normal, saying: "The idea that we leave firms to deal with transitional risk is wrong."
Sales of "wonky" fruit and vegetables have helped Morrisons enjoy £500m of extra sales in recent weeks. Gin was also a big player in the rise, with one in every £13 of the extra spending on groceries going on the spirit, according to new data from research group Kantar. Soft drinks and hay fever remedies have also sold well, thanks to the warm weather.
The Bank of England has been criticised by MPs after two of its economic advisers splashed almost £400,000 on travel expenses in two-and-a-half years. The Treasury committee accused Donald Kohn and Anil Kashyap of running up a "staggering" bill, which included more than £11,000 on just one flight. Mark Carney’s Bank of England is partly funded by taxpayers.
Supplies of some beers and soft drinks are being rationed by the country's largest wholesaler because of the shortage of carbon dioxide (CO2) gas. Booker said: "Due to the international shortage of CO2, we are experiencing some supply issues on soft drinks and beer." Among the drink companies affected are Heineken and Coca-Cola Great Britain. Shutdowns for maintenance at plants which produce food grade CO2 are being blamed.
"When you talk about an expected bill of £14bn sterling, it's a perverse amount of money. It's ridiculous. It's outrageous." Willie Walsh, chief executive of British Airway’s parent company, International Airlines Group, takes aim at the Heathrow expansion budget.
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