Govt sets up two-phase approach to make City ‘most competitive place for financial services’ September 22, 2022 The UK Government has set-up a two-phase approach for the City of London in a bid to make the capital “the most competitive place for financial services in the world.” Chancellor Kwasi Kwarteng will unveil an initial set of reforms in his fiscal statement tomorrow, while presenting a more comprehensive package later this autumn. Government [...]
Covid inquiry legal battle looms for ministers over Boris Johnson WhatsApp requests May 30, 2023 Ministers could be set for a legal battle with the Covid-19 inquiry over the requested release of unredacted WhatsApp messages and diaries belonging to Boris Johnson. The Cabinet Office has until 4pm on Tuesday to respond to the request from Lady Hallett’s official inquiry. There has so far been little sign that ministers are set [...]
How poor regulation is holding back the UK economy June 5, 2024 Regulation is a pressing concern, both for businesses and consumers. Getting it right could help unleash growth and deliver better outcomes for consumers.
Sunak says he is not ‘ignoring’ the billions of pounds of Covid fraud January 26, 2022 Rishi Sunak has moved to assure people he is not “ignoring” or “writing off” billions of pounds stolen from the government’s Covid support schemes. The chancellor today said that “criminals sought to exploit our support schemes”, but that “we’re doing everything we can to get that money back”. Treasury minister lord Theodore Agnew resigned spectacularly [...]
Liz Truss is the UK’s new Prime Minister after meeting with the Queen September 6, 2022 Liz Truss is the UK’s new Prime Minister after being asked to form government by the Queen in Balmoral this afternoon. Truss is now on her way back to London to deliver her maiden speech as Prime Minister outside Number 10. A Buckingham Palace spokesperson said: “The Queen received in audience The Right Honourable Elizabeth [...]
Former Chancellor Philip Hammond joins crypto start up Copper October 11, 2021 Former Chancellor of the Exchequer, Philip Hammond, has taken the plunge into the crypto space and joined Copper as an adviser. Founded in 2018 Copper is a custodian and trading platform which caters to over 400 institutional clients, including banks. The company, which acts as an intermediary between its clients and exchanges helps institutions to [...]
Carillion: Five years on, MPs and industry leaders demand audit reform to ensure scandal is not repeated January 18, 2023 On the fifth anniversary of the collapse of outsourcer Carillion, MPs and audit sector leaders have united in calling on the UK government to push forwards with plans to overhaul the country’s audit sector. MPs said a shake-up of the country’s accounting industry is needed imminently to ensure that audit failures, such as the one [...]
Tory leadership race: UK retail titan Lord Stuart Rose backs Rishi Sunak July 14, 2022 The Conservative party should choose Rishi Sunak as its next leader as he has a “big brain” and understands “the need for us to get our economy back on track”, according to Asda chair Lord Stuart Rose. Rose – who was previously chief executive at Argos, Marks & Spencer and the Arcadia Group – said [...]
Our approach to energy prices shows we want climate policies only if they’re free June 14, 2023 High energy prices could have been an incentive for companies to move to less energy intensive processes and for consumers to use less energy. The opposite happened, writes Paul Ormerod
Former aide to Cameron fights to keep co-working firm afloat with emergency cash April 25, 2022 One of David Cameron’s former aides is fighting to keep his shared office firm Second Home afloat as he rushes to secure £6m of emergency funding from investors.