Boris Johnson expected to breach manifesto national insurance and triple lock pledges September 4, 2021 Prime minister Boris Johnson is expected to breach two key Tory manifesto pledges next week, according to reports. Johnson is set to hike national insurance and limit the rate of uplifts to millions of pensioners’ state pensions, The Times reports. The NI increase is expected to be one percentage point and estimated to raise £13bn. [...]
What can Sunak-friendly fintech expect under Truss? September 12, 2022 Some fintech bosses are reconsidering what a Truss leadership may mean for the sector.
Government breaches another manifesto pledge by denying full triple lock uplift September 7, 2021 The government has breached another manifesto pledge and scrapped the normal functioning of the state pension triple lock, it announced today. In a statement delivered to the House of Commons today, secretary of state for work and pensions Thérèse Coffey announced the government will employ a triple lock lite, denying millions of pensioners an uplift [...]
Rishi Sunak says tax cuts are a fairy tale, but he is chasing a Sleeping Beauty fantasy July 19, 2022 TIMES are tough. We need a bold plan to tackle the cost of living and get growth going. I have heard my friend Rishi Sunak argue that this is not the time to cut taxes, despite people facing the heaviest burden since the 1940s. With all due respect to the former chancellor, he is acting [...]
AS IT HAPPENED – LIVE BLOG: Boris Johnson clings on as Tory rebellion gathers pace July 6, 2022 The prime minister is under increasing pressure to quit amid a series of high-profile cabinet resignations over the last 48 hours. Over the course of Wednesday’s drama, we followed all the latest news, opinion and analysis from Westminster on ourCity AM’s live blog. From resignations and letters of support, to the latest policy changes and [...]
Rothermere passes final hurdle to taking Daily Mail private November 3, 2021 Daily Mail and General Trust (DMGT) and the Rothermeres have agreed a recommended cash offer worth 255p, along with a special dividend worth 991p a share. The Rothermere family announced in the summer that it was considering an £810m bid to take the group private, giving chairman Lord Rothermere full control of DMGT. This proposal [...]
Tories’ ‘triple lock’ pension pledge could cost Treasury £4bn June 16, 2021 Chancellor Rishi Sunak will have to stump up £4bn on pensioners from next year to cover the Conservative Party’s ‘triple lock’ pledge, despite efforts to cut back spending after the pandemic. The headline growth rate of average UK earnings rose to 5.6 per cent in April — an artificial inflation caused by last year’s furlough [...]
Last-minute talks to avert largest rail strike in decades which may ruin concerts, cricket and Glastonbury June 8, 2022 In a bid to avert the largest strike by railway workers in several decades talks are to be held this week, after the scale of disruption to services by the planned industrial action became clear. Members of the Rail, Maritime and Transport (RMT) union at Network Rail and 13 train operators will walk out on [...]
TfL funding crisis: Sadiq Khan forced to cut 500 Tube station jobs December 7, 2021 Sadiq Khan is set to make large job cuts at London Tube stations in a bid to save cash as Transport for London’s (TfL) funding crisis starts to bite. Between 500 and 600 jobs at Tube stations across London are set to be axed, with larger central London stations to absorb the largest cuts. City [...]
Amber Rudd to quit parliament at general election October 30, 2019 Former Home Secretary Amber Rudd has said she will not stand in December’s general election, but will likely return to the Conservative party before leaving. She joined Patrick McLoughlin, former transport secretary and Conservative party chairman, who also announced this morning he would not be contesting his seat at the snap election. Read more: Therese [...]