Price cap: Government will ‘continue to help’ with high energy bills but falls short of fresh support packages February 27, 2023 The government has stopped short of pledging fresh support - even with customers facing higher bills after today's price cap announcement.
Sunak must welcome Bitcoin into the financial markets with its core principles intact May 4, 2022 Mainland Brits often joke about their expat compatriots in Gibraltar, saying that watches have to be turned back 20 years when you’re there. Gibraltar has always been a popular target for condescension. Yet this supposedly “backward” place has been consistently ahead of the curve on Bitcoin adoption and regulation. In 2018, the territory was the [...]
The Tory knives are out as Jacob Rees-Mogg calls Hunt’s Budget cuts ‘undeliverable’ November 18, 2022 The Chancellor’s spending cuts may prove “undeliverable” as Jeremy Hunt faces criticism from a range of senior Tories for raising taxes as he seeks to rebuild the UK’s battered public finances. Former business secretary Jacob Rees-Mogg accused the Chancellor of taking the “easy option” in Thursday’s autumn statement rather than bearing down harder on public [...]
A windfall tax raised by a money-hungry government will scare off our businesses June 8, 2022 Rishi Sunak’s windfall tax on energy firms – what he called a “temporary targeted profits levy” – has gone down well with voters. The tax makes it look like money is raised from someone else and given to them through subsidies to their bills. Despite claims that the tax will yield an additional £5bn in [...]
Labour’s business spokesperson backs easing of EU’s Solvency II insurance regulation February 10, 2022 Labour’s shadow business secretary has said he is in favour of scrapping the EU’s Solvency II directive post-Brexit in a bid to free up insurance firms to plow tens of billions of pounds into the British economy. Jonathan Reynolds said today at a UK Finance event that there was “an argument, not for deregulation, but [...]
David Frost tells PM to adopt more conservative policies or risk losing election January 9, 2022 Boris Johnson must adopt a low-tax agenda or risk losing the next election, according to former cabinet minister Lord David Frost. Frost, who resigned from his role as a Cabinet Office minister last month, said that Johnson needs to “get the country going economically again” post-Brexit and “that means free markets, free debate and low [...]
Johnson tells Tory MPs ‘best is yet to come’ as he urges them to not vote him out June 6, 2022 Boris Johnson has today vowed to Tory MPs that the “best is yet to come”, after urging them to stick with him in a no confidence vote this evening. The Prime Minister told a meeting of the 1922 Committee of Tory backbenchers that “I will lead you to victory again” as he promised a raft [...]
Sunak deaf to industry calls to overhaul business rates October 14, 2021 Chancellor Rishi Sunak has ignored calls from industry chiefs to shake up the business rate regime at the next budget. According to The Telegraph, government plans to overhaul the business rate system have been “thrown into the long grass”. The Chancellor has not had enough time to consider the effects of wholesale changes to the [...]
Liz Truss, Bill Hwang and Elon Musk: The 2022 awards you don’t want to win December 18, 2022 We started the year with Boris Johnson in Downing Street and optimism for a Covid-19 rebound. It didn’t quite turn out that way – and here’s our pick of the best of the best (or worst of the worst) of 2022… THE MUM OF THE YEAR AWARD This year hasn’t been smooth sailing for e-commerce retail [...]
Chancellor unveils £5 coin to commemorate Gandhi November 4, 2021 The Chancellor has unveiled a commemorative £5 coin that pays tribute to Mahatma Gandhi. The coin is part of the Royal Mint’s wider collection focused on the Hidnu festival of Diwali. It depicts India’s national flower the lotus and goes on sale today (Thursday November 4). The special collectors’ coin was designed by Heena Glover [...]