Rishi Sunak: The mega-rich golden Tory boy whose crown is slipping after meteoric rise under Boris Johnson July 18, 2022 At the start of the pandemic, Rishi Sunak was the most popular politician in Britain as the former hedge fund manager rolled out an unprecedented furlough scheme which saved millions of jobs as the economy ground to a halt. Once the golden boy of the Tory Party, Sunak enjoyed a meteoric rise under Boris Johnson [...]
Ex-chancellor Philip Hammond accused of lobbying the Treasury by watchdog September 2, 2021 A parliamentary committee has judged that former chancellor Phillip Hammond, breached lobbying rules. The Advisory Committee on Business Appointments (ACOBA) claims that by contacting a senior Treasury secretary on behalf of a bank he works for Lord Hammond broke committee guidance. Hammond defended the action in a letter to committee chair Lord Eric Pickles. He [...]
Hunt can plead for older works to go back to work, but businesses will need to hire them January 31, 2023 Britain's workforce is flagging, with vacancies at a record high, but Jeremy Hunt's push to get older workers back to the office will fall flat unless employers agree to change too, writes Ann Francke.
Liz Truss-backed economists say minimum wage is ‘destroying jobs’ – and call for cut November 14, 2023 Growth Commission co-chairman Douglas McWilliams told an event in Westminster that the current minimum wage level was “destroying jobs”.
From Poll Tax to tampons and 10p rates: Historic U-turns that left governments red faced October 4, 2022 Kwasi Kwarteng was forced into a U-turn on plans to scrap the 45p tax rate yesterday, just ten days after announcing the proposal in his ‘mini-budget’. While undoubtedly embarrassing for the new Chancellor, he is by no means alone in having to rapidly rethink big Budget announcements. City A.M. caught up with AJ Bell head [...]
Build, Baby, Build: The private sector alone won’t fix the housing crisis June 18, 2024 The private sector has never delivered the 300,000 homes a year the government says we need; local authorities must be part of the solution, say Gideon Salutin and Niamh O Regan All the major parties are promising more homes at this election. Labour has promised 300,000 a year for England, while the Conservatives have pledged [...]
Sunak under pressure after admitting ‘it was a mistake’ to leave D-Day events early June 7, 2024 Prime Minister Rishi Sunak is under severe pressure after he was forced into an apology this morning, for leaving D-Day commemorations early yesterday. The prime minister said sorry for quitting the events in France in order to conduct a television interview yesterday, calling it “a mistake”. The occupant of number 10 was widely criticised by [...]
Billionaire beer heir and George Osborne enter the fray in Chelsea sale race April 18, 2022 An American billionaire beer heir and former chancellor George Osborne have joined separate bids to buy Chelsea Football Club, with a decision on the sale now expected this month. Sky News reports Alejandro Santo Domingo, who sits on the board of Budweiser owner AB InBev, is a part of an investor group led by ex-Liverpool [...]
Rishi Sunak urged to block Liz Truss’s reported resignation nominations March 25, 2023 Former prime minister Liz Truss reportedly nominating four close supporters for peerages has sparked outrage among opposition MPs.
How to cure the City’s depression? Some retail investor therapy February 16, 2024 The London Stock Exchange needs wide reform, but recentering the role of retail investors could be a shot in the arm, writes Fraser Thorne.