Petrol prices spiral to record highs putting more pressure on motorists May 18, 2022 Diesel and petrol prices climbed to record highs yesterday, putting more pressure on squeezed motorists as the cost-of-living crisis deepens.
Starmer calls windfall tax ‘inevitable’ as Tories show signs of wobbling over the levy May 18, 2022 Internal government polling has found support for a windfall tax on the profits of energy firms is “wildly” popular..
Bank of England delivers largest rate hike since 1989 and signals more to come November 3, 2022 The Bank of England today hiked interest rates by the largest amount since 1989 and signalled more rises are coming. The Bank’s rate setting committee voted unanimously to lift borrowing costs 75 basis points to three per cent, the highest level since 2008 and the eighth rise in a row. The pound shed more than [...]
Letters: Warning, risk of electric shock November 22, 2021 [Re: It’s about time for Rishi Sunak to make his mind up on on a road tax, Nov 19] In the same way that government’s previously promoted diesel power as the solution to saving energy and the planet, electric vehicles are a similar red-herring. Batteries are not going to save us, as the practicalities of [...]
The Notebook: Dogs in the office, Next’s triumph, and the Madoff documentary January 8, 2023 The Notebook is a new addition to City A.M.’s daily offering, giving the City of London’s movers and shakers the chance to let a few things off their chest. In this first edition – it’s our editor, Andy Silvester, penning his thoughts. ONE of the things that fascinated me as a child were ant farms [...]
First Tory MP calls for Johnson to quit after receiving Covid fine April 13, 2022 The first Conservative MP has called for Boris Johnson to resign after he received a fine from the Metropolitan Police for breaking his own Covid restrictions. Amber Valley MP Nigel Mills today said Johnson’s position is no longer tenable and that “I don’t think a Prime Minister can survive or should survive breaking the rules [...]
Ed Warner: Why sport shouldn’t waste its time courting royals and politicians August 24, 2023 Politicians and royals rarely mix well with sport, so the fuss about the Prime Minister and Duke of Cambridge missing the Women’s World Cup final was classic British nonsense. In my experience, the less time spent trying to sprinkle dubious stardust on sporting events, the better. Civil servants and UK Sport spent ridiculous time that [...]
Second home buyers dodge bullet of stamp duty rise for now October 28, 2021 Chancellor Rishi Sunak may have taken a last minute decision not to increase the stamp duty surcharge paid by landlords and second home buyers. The government had planned to hike the three percentage point surcharge on additional property purchases to four percentage points, first reported by the Daily Telegraph. In the economic and fiscal outlook, [...]
Government must expand insulation scheme to drive down energy bills October 31, 2022 Energy UK is urging the new Government to ramp up support for the energy efficiency of buildings in the next budget.
EXCLUSIVE: Revolut’s UK risk and compliance chiefs quit in slew of senior resignations July 22, 2022 Revolut has been hit by a slew of resignations from its UK regulatory and compliance chiefs in the past weeks amid heightened tensions with regulators and delays to the firm’s banking licence, City A.M. has learned.