Labour goes into bat for the City of London in future trade deals September 28, 2021 Labour is calling for the government to include more provisions for financial services in the UK’s post-Brexit trade deals, with one shadow cabinet minister praising the “tremendous work” of the City during Covid. Shadow international trade secretary Emily Thornberry said at a fringe event at the Labour conference that the economic crisis would have been [...]
UK Finance chair Bob Wigley: We need to create ‘reasons for banks to be in London’ July 4, 2022 Bob Wigley, a seasoned City veteran, knows a thing or two about banking. He has chaired UK Finance, the British banking sector’s representative body, since its creation in 2017 by condensing several lobby groups into one. He was also instrumental in setting up TheCityUK, spent over a decade with investment banking giant Merrill Lynch and [...]
UK government launches £1bn Omicron rescue package for pubs, bars and restaurants December 21, 2021 Chancellor Rishi Sunak has launched a fresh £1bn rescue package to help sectors worst hit by the Omicron-induced economic storm survive. Pubs, bars and restaurants across England can now receive a one-off no strings attached payment of £6,000 per venue, the UK government announced today. Sunak said: “We recognise that the spread of the Omicron [...]
To turf Boris Johnson out, Keir Starmer needs to rebrand his Labour Party June 7, 2022 It must have hurt, not just being booed by those liberal lefty lawyers who turned up to celebrate the Queen’s Platinum Jubilee, but being compared to Jeremy Corbyn – the very same man that Boris Johnson squashed into political oblivion in 2019. This is not the historical alignment with Winston Churchill he has worked all [...]
Tory MPs call for UK government to pull out of global tax deal October 25, 2021 A pair of Tory MPs have called for the UK government to pull out of the global corporation tax deal, claiming it could cost the Exchequer billions in tax revenues. Backbenchers Greg Smith and Andrew Bridgen called for Rishi Sunak to reconsider his commitment to the deal, after he helped broker it at this year’s [...]
Takeaways threatened: Customers may pay extra £2bn after tax hike September 24, 2021 Consumers could end up paying an extra £2bn for takeaways, ahead of rises in VAT, the British Takeaway Campaign has warned. VAT for hospitality is to rise to 12.5 per cent next month, ahead of another hike up to 20 per cent in March next year, to the frustration of beleaguered food bosses. Takeaway operators [...]
Hospitality bosses say Treasury support ‘borders on insulting’ as firms call for more aid December 21, 2021 Hospitality and leisure bosses have welcomed the announcement of a short-term support package for businesses but called for more. Venues have been hit hard by cancellations as the public stays away from the capital in a last attempt to dodge the highly transmissible Omicron variant before Christmas. After calls from industry bosses, Chancellor Rishi Sunak [...]
Sunak claim that Cameron and Greensill got no special treatment branded as ‘not credible’ May 27, 2021 Rishi Sunak has said Greensill Capital and David Cameron were not given preferential treatment by government – a claim blasted as “not credible” by the chair of a prominent Westminster committee. Sunak told MPs on the Treasury Select Committee that Greensill Capital’s failed bid for a large government loan “did not occupy a huge amount [...]
Lessons from Lionesses: What English rugby can learn from Euros for 2025 World Cup August 9, 2022 The iconic Chloe Kelly goal celebration, the record attendance for a final, success on home soil; England Women’s Euro 2022 victory felt like a watershed moment for women’s sport. But in a few years’ time England will be doing it all over again. This time, however, it will be with the oval ball. It was [...]
Sunak pushes for City of London exemption from G7 tax plan June 9, 2021 Chancellor Rishi Sunak is pushing for an exemption for the City of London from the G7’s recently agreed global tax plan. Sunak is looking for a deal for financial services, the Financial Times first reported, in wake of fears that global banks with head offices in London could be affected. Major banks are headquartered in [...]