All eyes are on the High Court this week, as law firm Pogust Goodhead brings the largest ever opt-in class action case against Australian mining giants BHP. Pogust represents some 600,000 claimants in the action – seeking £36 billion in damages. These cases are becoming increasingly common, as US-style lawfare spreads…
The election of the Labour government – with lefties linked to similar class actions and firms – has led to concerns over the impact on business in the UK. Starmer could usher in a wave of such cases…
Meanwhile, PR firm The PHA Group has been drafted in to sharpen up the lawyers’ press coverage. PHA has a roster of former hacks on staff and enjoys a varied client list, having included everything from anti-animal testing to Julian Assange. British business is fearing this area will become a cottage industry…
Former Treasury minister and adviser to Burnham in the Makerfield campaign Lord Jim O’Neill, who has turned down a role in his government, said Burnham’s first statement Commons was:
“The last thing investors wanted to hear… gilt yields have risen by a 0.25% in one day, which is a lot. We’ve not had that since Liz Truss days… If your country is under the focus of ‘can they come up with a sensible fiscal strategy’ on a day when the markets think ‘well no, you’re not showing any sign of it’ you’re going to have a tough day…if it stays like this your mortgage rate is going up.”