FTSE 100 pulls back from 20-month high as investors brace for budget October 27, 2021 London’s FTSE 100 pulled back from a 20 month high this morning as investors brace for Chancellor Rishi Sunak to deliver his third budget at lunchtime today. The capital’s premier index slipped 0.22 per cent to 7,261.88 points during the opening session. More to follow.
Uncertainty over timing of UK announcement of Big Bang 2.0 financial services reforms October 17, 2022 There is now uncertainty over when the UK will unveil its post-Brexit changes to EU financial services regulations amid the current government turmoil. The Treasury said last month that former chancellor Kwasi Kwarteng would announce the long-awaited reforms, which will include changing the EU’s Solvency II directive on insurance firms, in October. This target may [...]
OECD: Russia-Ukraine war to knock global economy March 17, 2022 Russia’s invasion of Ukraine will shave around one percentage point off of global economic growth this year, reveals new forecasts by the group of rich nations. Disruption to flows of Russian and Ukrainian commodities as a result of the conflict will deliver a sharp blow to the Eurozone economy, according to the Organisation of Economic [...]
Mark Kleinman: Is troubled Burberry heading for a chequered flag? July 25, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at Burberry’s threads wearing thin, Hammerson’s big Bicester sale and Love Island Is troubled Burberry heading for a chequered flag? Not only a chequered recent past, but on current evidence every [...]
Fresh partygate claims emerge following PM fine April 17, 2022 Labour claim Boris Johnson "deliberately misled the British people at every turn" following fresh allegations about lockdown parties.
Leaked recording reveals Liz Truss saying UK workers lack ‘skill and application’, need more ‘graft’ August 17, 2022 A leaked recording has revealed Tory leadership frontrunner Liz Truss saying UK workers lacked “skill and application” compared to foreign rivals. The foreign secretary made her comments before 2019 when she was number two in the treasury, and was questioned about it last night during a feisty hustings in Peth. The recording, originally published by [...]
Labour says by scrapping ‘non-dom’ status it could raise £1bn April 25, 2022 Labour has said it would get rid of non-domicile status, following the row over Chancellor Rishi Sunak’s wife’s tax affairs. The opposition pledged a tax overhaul to stop people who live in the UK long-term from avoiding paying tax, saying scrapping the system could raise more than £1bn a year. In a policy announcement, the [...]
Tory leadership: Mordaunt claims she is candidate ‘Labour fears most’ July 13, 2022 Penny Mordaunt has said she is the Tory leadership candidate that “Labour fears most” as she prepares to face off in the first round of MP votes today. The trade minister said in her official campaign launch today that she gives the Conservative party the “best shot” at winning the next election, while also vowing [...]
As long as we talk in emotive terms like reparations, we make the climate political November 10, 2022 No matter if a delegate was wearing an Arabian thawb, an African dhuku or a Western business suit; all attendees I encountered at Cop27 in Sharm El-Sheik, Egypt were unanimous in recognising that action must be taken to stem the impact of climate change – and fast. It was clear from the very beginning of [...]
Liz Truss: Former PM urges nations to ‘learn lessons of Russian aggression and stand up to China’ February 17, 2023 Liz Truss has urged democratic nations to stand up to China and learn the lessons of not taking earlier and tougher action against Russia. Speaking in Japan in her first public speech since her resignation as prime minister, Ms Truss called on the international community to agree a co-ordinated package of defence, economic and political [...]