Coronavirus: Police get power to arrest or fine those breaking lockdown rules March 26, 2020 Police have been given the power to arrest or issue fines of £60 to people found to be breaching the UK coronavirus lockdown rules. In a bid to enforce the restrictions that were announced on Monday evening, police can issue a fixed penalty notice of £60, which will be lowered to £30 if paid within [...]
Michael Gove ‘may quit cabinet’ over Brexit deal November 16, 2018 Environment secretary and Brexiter Michael Gove is reportedly considering resigning from the cabinet this morning. Gove turned down the role of Brexit minister following Dominic Raab’s resignation yesterday, City A.M. understands, over fears he would not be allowed to renegotiate a Brexit deal after the Prime Minister’s proved hugely unpopular with senior ministers in her [...]
Sterling and stocks steady after plunging in the wake of Theresa May’s Brexit deal November 16, 2018 Sterling held steady during Friday's early trading after a day of turmoil on Thursday, which saw several ministerial resignations in the wake of Theresa May's draft Brexit deal. The pound rose by 0.3 per cent to above the $1.28 mark, having plummeted by its biggest margin for two years, yesterday. The FTSE 100 and FTSE 250 [...]
Government enters funding talks with EDF over Sizewell C nuclear plant December 14, 2020 The government has today confirmed that it has entered talks with EDF over funding options for the Sizewell C nuclear power station in Suffolk. The announcement, which came as ministers unveiled the long-awaited energy white paper, could see the government take a financial stake in the project. It comes after months of uncertainty regarding the [...]
Theresa May heads to Brussels to finalise Brexit deal with EU officials ahead of European leaders summit November 21, 2018 Theresa May will head to Brussels today to meet with European Commission president Jean-Claude Juncker in a bid to finalise a Brexit deal ahead of an EU leaders summit on Sunday. Last week’s publication of a draft agreement sparked outrage among MPs and led to the resignations of Brexit secretary Dominic Raab and work and [...]
Coronavirus: Government temporarily suspends rail franchise agreements March 23, 2020 The Department of Transport is taking emergency measures to help the rail network survive a 70 per cent drop in passenger numbers as coronavirus prevents travel across the UK. Rail franchise agreements have been suspended temporarily to avoid collapse, and the government will instead pay train companies a small fee to keep operating some services. [...]
Q&A: the end of big oil? June 16, 2021 Our “in the news” series focuses on recent dramatic events in the energy industry as oil majors were held to account over climate change. We explain what’s happened and how Schroders acted on behalf of clients. The oil industry last week faced a “paradigm shift” after climate activists and asset managers led revolts at the [...]
Election 2019: Johnson ratchets up plans for Foreign Office takeover of Dfid December 10, 2019 Boris Johnson is considering rolling the Department for International Development (DFiD) into the Foreign Office, as part of a huge money-saving exercise if he returns to Number 10 this week. The Prime Minister – who was foreign secretary for two years under Theresa May – has charged officials at both the FCO and DFiD to [...]
Andrea Leadsom and Amber Rudd float alternative ‘Plan B’ Brexit options to PM’s deal December 20, 2018 Cabinet members Amber Rudd and Andrea Leadsom have set out their alternative Brexit options as the Prime Minister continues to struggle to make her case for her Brexit deal. Work and pensions secretary Rudd told ITV last night that a second referendum was a "plausible" way forward if MPs could not reach a consensus. Rudd added [...]
Tory leadership race: Who are the leading candidates to replace Prime Minister Theresa May? May 24, 2019 Theresa May's resignation today kicks off a Tory leadership race that could see more than a dozen candidates throw their hats into the ring. The leadership battle had already begun, with leading candidates raising cash, putting together support teams and giving the Sunday papers softball interviews in their kitchens. Some leadership contenders have publicly stated [...]