FCA chairman Charles Randell to leave post after over three years in the job October 15, 2021 The chairman of the City watchdog is stepping down from his post next year after over three years heading up the regulator. Charles Randell has asked chancellor Rishi Sunak to start looking for his replacement as chairman of the Financial Conduct Authority (FCA). Randell intends to leave his post in the spring of next year. [...]
Sunak looks East: The PM’s China strategy has become clear December 21, 2022 It took Rishi Sunak less than a week into his Tory leadership battle with Liz Truss to dramatically swerve to the right. Amid the flurry of policies designed to win over the grassroots included a promise to be more belligerent toward China than Boris Johnson. Sunak promised to label the country as an official “threat”, [...]
Sunak confidant hints at ‘targeted support’ in cost of living crisis as he warns higher incomes won’t be safe either August 30, 2022 DCMS minister Matt Warman, who is supporting Rishi Sunak in the Tory leadership battle, spoke this morning in favour of targeted support during the rising cost of living, acknowledging “that is going to affect people somewhat higher up the income scale as well”. He told Sky News this a.m.: “I think for me the most [...]
A Tory dilemma: our workforce is weakest in Red Wall seats March 24, 2023 As the Conservatives look to fix the workforce, the Red Wall is wide open, writes Praful Nargund.
Rishi Sunak unveils 100 per cent state-backed ‘bounce back loans’ for small businesses April 27, 2020 The UK’s smallest businesses will have guaranteed access to loans of up to £50,000 within 24 hours of applying, chancellor Rishi Sunak announced today. The new “bounce back loans” will be 100 per cent guaranteed by the Treasury, meaning the government will take on all the default risk, and will be available from next Monday [...]
Moving markets today: What’s shaping the FTSE 100 this morning January 26, 2024 Asian markets trade mixed, Tesla shares plummeted by 12%, and Intel dropped 10.90%. Investors are eyeing today's release of US PCE data and anticipating 'FAAMG' earnings next week.
British defence titans boosted by global tensions November 22, 2022 Britain’s defence titans are benefiting heavily from the volatility sweeping the geopolitical stage, with profits on the rise, full-year outlooks cemented and blockbuster contracts in the pipeline. London-listed defence engineer Babcock today posted a underlying operating profit of £121.7m for the six-months ended to the end of September, compared to £115.3m a year earlier. Meanwhile [...]
Shell set to sell Russian petrol stations May 13, 2022 UK-based oil giant Shell has announced it will sell its petrol stations in Russia as it continues plans to exit the country.
Sue Gray report: Johnson says UK must ‘move on’ as he takes ‘full responsibility’ for partygate May 25, 2022 Boris Johnson has said now is the time to “move on” from the partygate scandal, after saying he takes “full responsibility” for the brazen Covid rule-breaking uncovered in Sue Gray’s report. The Prime Minister told the House of Commons that he had “no knowledge” that Covid rules were broken on eight occasions, as deliberated by [...]
Just Stop Oil protests should not justify carte blanche powers to the police December 5, 2022 You would need the patience of a saint, or a dyed-in-the-wool eco-warrior, not to have been even slightly irritated by the recent activities of Just Stop Oil protestors. Whether it’s young people throwing soup over some of the world’s most valuable paintings or twenty-eight-year-old Indigo Rumbelow reduced to yelling at a television interviewer, these are [...]