Hunt reportedly set to rule out large tax hike for banks in autumn statement November 8, 2022 Jeremy Hunt is reportedly set to rule out a tax hike for banks in next week’s autumn fiscal statement, after previously keeping the option on the table. It has been widely reported the chancellor was considering overturning plans to cut the bank surcharge, to offset a broader hike in Corporation Tax, which sparked concern about [...]
Cabinet Office MUST hand over Boris Johnson messages by Monday after court loss July 6, 2023 The Cabinet Office will have to hand over Boris Johnson’s unredacted WhatsApp messages, notebooks and diaries by Monday afternoon after it lost a High Court challenge against the chairwoman of the UK Covid-19 Inquiry. The department brought legal action over Baroness Heather Hallett’s order to release the documents, arguing it should not have to hand [...]
UK economy to emerge from recession 10 per cent smaller than pre-Covid path November 8, 2022 The UK economy will be 10 per cent smaller compared to its pre-Covid growth path after the Bank of England’s forecasted two year recession, a top Wall Street bank has warned. JP Morgan said in a note to clients Britain is on course to miss out on a large chunk of much needed economic growth [...]
‘Blatant profiteering’: Bank chiefs hauled in front of FCA to discuss failure to pass on interest rates to savers July 6, 2023 Bank chiefs are meeting Financial Conduct Authority (FCA) officials on Thursday to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages. Bosses from HSBC, Natwest, Lloyds and Barclays are expected to attend. According to data from Moneyfactscompare.co.uk, the average easy access savings rate on offer on Thursday is 2.49 per cent. [...]
What are the big political events coming up in 2024? December 30, 2023 From the US presidential race to the London mayoral contests, there’s a lot on the horizon to keep politicos busy in 2024.
Yorkshire Tea shocked by backlash to Rishi Sunak photo February 26, 2020 Yorkshire Tea urged social media users to “be kind” after the company became embroiled in a row involving the Chancellor. Last week Chancellor Rishi Sunak posted a picture of him making a huge round of tea for his staff. He was pictured holding a bumper pack of 1,040 tea bags. The tweet led to a [...]
Zahawi: Nobody should have energy cut off this winter if they can’t pay their bills September 1, 2022 Nadhim Zahawi has said nobody should be cut off in the winter if they’re unable to pay their bills. Speaking on Sky News this morning during his tour to the United States, the chancellor accused Russia’s President Vladimir Putin of using energy “as a weapon”. This comes ahead of the conclusion of the Conservative leadership [...]
UK shouldn’t start a ‘regulatory race to the bottom’ to lure Arm into London float, top City group warns February 5, 2023 A top City lobby group has hit out at the UK’s financial watchdog over claims it is planning to bend its own rules to persuade microchip designer Arm to float on the London Stock Exchange. The Institute of Directors (IoD) warned the Financial Conduct Authority’s (FCA’s) offer to waive market rules “undermines the integrity of both [...]
Keir Starmer tests positive for Covid again and will miss PMQs January 5, 2022 Sir Keir Starmer has tested positive for Covid-19 again and will miss today’s Prime Minister’s Questions (PMQs). Deputy Labour leader Angela Rayner will instead step in for Starmer, after testing positive for the virus twice in just a matter of months. Starmer tested positive for Covid-19 just hours before Rishi Sunak’s October Budget, forcing him [...]
Political deaths in 2023: The famous faces we said goodbye to this year December 26, 2023 As we end the year, it’s time to look back at the lives of those we lost from Westminster throughout 2023.