Governor Bailey: Nothing different BoE could have done to prevent double-digit inflation May 16, 2022 Bank of England chief Andrew Bailey today defended his performance in overseeing “the biggest test” in the monetary authority’s 25 years of independence. Bailey, 63, said there was nothing else the Bank could have done to prevent inflation surging to more than five times its two per cent target in response to a grilling by [...]
The ECHR is a vital guarantor of our freedom October 3, 2024 Far from endangering our freedoms, the ECHR makes the individual, not the state, the centre of the international order, says Sam Fowles An immutable law of modern politics is that the louder a politician bloviates about “freedom” the more authoritarian they will be in power. The last government waxed lyrical about “freedom of speech” then [...]
Total value of Russian-linked assets frozen by the UK at £500bn March 24, 2022 The value of UK assets seized from individuals and organisations with links to Russia now stands at £500bn. Foreign Secretary Liz Truss made the announcement on Thursday, as 65 more targets for asset freezes were hit by the UK government. Among the key individuals and firms hit by the latest round of sanctions, are the [...]
Energy bills rise to record highs despite Government support October 1, 2022 Household energy bills have climbed to all-time highs for millions of Brits today, despite a Government cap on costs per unit.
Windfall tax revenue set to slump 40 per cent thanks to falling oil and gas prices June 27, 2023 The sharp fall in the price of oil and gas will lead to a huge drop in revenue from the government’s windfall tax. Announced in November of last year, the energy profits levy hiked an existing tax on oil and gas profits and extended its deadline until 2028. Chancellor Jeremy Hunt estimated that it would [...]
Green levies should be taken off energy bills to ease costs, says think tank May 18, 2022 Green levies should be scrapped from bills and shifted on to general taxation to reduce the burden on households, argues the CPS.
Labour demands Truss and Anderson lose whip as pair rebuked by senior Tory February 24, 2024 Labour has called for Liz Truss and Lee Anderson to lose the Conservative whip over media appearances that also caused anger within Tory ranks. In a letter to Prime Minister Rishi Sunak on Friday, shadow paymaster general Jonathan Ashworth said “egregious” remarks made by the pair “cannot go unchecked or unchallenged”. Truss had used a [...]
Energy leaders urge governments and central banks for emergency assistance March 16, 2022 European energy leaders have called on governments and central banks to provide emergency assistance amid a commodities boom.
Russian miners to get the boot from FTSE 100 March 1, 2022 Russian miners are set to be booted from London’s top index tomorrow as a rapid investor sell off since Moscow invaded Ukraine has sent their shares spiralling. Evraz, which has operations in Russia and Ukraine, has had more than 80 per cent shaved off its share price since the start of the year, with around [...]
Sluggish start for FTSE 100 as Russian oil imports cut off May 31, 2022 The FTSE 100 was off to a sluggish start on Tuesday after EU leaders have hashed out a plan to block more than two-thirds of Russian oil imports. The capital’s premier FTSE 100 index was up just 0.2 per cent while the brent crude price rose again, at $124 a barrel. “Given Russia currently supplies [...]