HSBC launches ‘Innovation Banking’ division housing SVB’s former UK arm June 12, 2023 HSBC has revealed it will launch a new global “Innovation Banking” division today centred on the former UK arm of Silicon Valley Bank (SVB), which it rescued from collapse in March. SVB UK was snapped up for £1 in an eleventh hour deal by HSBC in March after being brought down by a run on [...]
Kwarteng backs steel tariffs and labels the crisis-hit sector as a ‘strategic’ industry June 28, 2022 Steel is an important "strategic industry" argued Business Secretary Kwasi Kwarteng, defending the governm
Boris Johnson set to announce increase in defence spending June 28, 2022 Boris Johnson is set to announce an increase in UK defence spending today as a response to the growing threat from Russia. The Prime Minister is expected to announce billions of pounds extra for military equipment today, on the last day of the 2022 G7 summit, after calls from defence secretary Ben Wallace to boost [...]
Rishi Sunak is ‘pragmatic’ about imposing windfall tax on soaring energy profits as Brits’ bills skyrocket May 13, 2022 Chancellor Rishi Sunak said he was “pragmatic” about possibly imposing a windfall tax on the soaring profits of oil and gas giants as customers’ bills rise. Prime Minister Boris Johnson has shown firm opposition to the raid but has conceded “we’ll have to look at it” after BP chief executive Bernard Looney said his investment [...]
Partygate dying down: Boris Johnson heading to PMQs after tinkering top team as PM tries to regain grip on power February 9, 2022 Prime Minister Boris Johnson will face MPs after tinkering with his top team as he looks to stave off a confidence vote and lay the foundations for the next election battle. After months of being dogged by partygate allegations and a fresh controversy over his Jimmy Savile remarks, the Prime Minister opted to embark on [...]
Fresh woes for Boris Johnson as Tory MPs renew calls for PM to step down over Partygate May 24, 2022 Boris Johnson faces fresh woe today after Tory MPs renewed calls for the Prime Minister to resign. Peter Aldous said he had not withdrawn his letter of no confidence in Mr Johnson to the 1922 Committee as others are reported to have. “I haven’t, no. I thought long and hard back in late January, early [...]
Rishi Sunak’s cool head after the collapse of SVB was a political windfall March 20, 2023 Rishi Sunak’s handling of the collapse of Silicon Valley Bank was what one actually wants in a government: swift, effective, unshowy competence, writes Eliot Wilson
Skyrocketing energy bills ‘could be the final nail in the coffin’ for small firms, FSB warns August 26, 2022 Sky-rocketing energy bills “could be the final nail in the coffin” for many firms according to the head of Federation of Small Businesses. Smaller companies “don’t have the luxury to wait until the winter” for help with rising costs, and an “urgent intervention” is needed from the next prime minister. The comments were made by [...]
Labour wants to cut taxes for working people, Starmer says October 11, 2023 Labour would like to cut taxes for working people if the party is elected into government, Sir Keir Starmer has said. The Labour leader told GB News he would like to see the “overall burden” of taxation reduced but maintained the party would “always” operate within its fiscal rules. Sir Keir said: “I would like [...]
No 10 announces £3m to fund extra security for UK’s Jewish population – as schools closed over fears October 13, 2023 A number of Jewish schools were forced into closure after a spike in antisemitic hate crime.