Don’t believe the Scottish independence hype — I’d bet on Johnson’s tortoise to beat Sturgeon’s hare July 24, 2020 For his first significant political event outside the Westminster bubble, timed for his one-year anniversary of becoming Prime Minister, Boris Johnson chose to go to Scotland. The significance of that choice cannot be overestimated. Politics is as unpredictable as ever, and despite chancellor Rishi Sunak hosing Scotland with the billions confected by the Bank of [...]
No-deal Brexit funding ramped up to £2bn in Budget 2018 October 29, 2018 Funding to prepare the UK government for a no-deal scenario as it exits the European Union next year has been given an additional £500m, taking the total allocated to aid departments with the planning to over £4m. Chancellor Philip Hammond had already allocated £2.2bn to departments for Brexit preparations in last year's Autumn Statement, with a [...]
Our ultimate guide to last-minute Christmas spirits, including our whiskies of the year December 21, 2020 Christmas may be ruined, but things always look better through the bottom of a bottle. If you were planning on stocking up on last-minute gifts before the big day, you may have to rethink. But the silver lining of this new lockdown means you can claw back a few days to pick up the ideal [...]
Huawei accuses US of threatening its staff in bid to hire informants September 3, 2019 Huawei has accused the US government of carrying out cyber attacks on its computer networks and threatening its staff. The Chinese tech firm issued a statement today alleging that the FBI and other US law enforcement bodies had “threatened, menaced and coerced” Huawei employees in a bid to extract information. Read more: US prosecutors probe [...]
Court rules London-wide ban on Extinction Rebellion was unlawful November 6, 2019 The High Court have ruled that a London-wide police ban against Extinction Rebellion protests was unlawful, it was announced this morning. The ban was imposed in the second week of the activist group’s ‘”Autumn Rebellion”, during which more than 1,800 protestors were arrested. Read more: Extinction Rebellion protests cost Met Police £37m The group appealed [...]
Sajid Javid pledges £600m to housing project building 50,000 new homes August 17, 2019 Chancellor Sajid Javid has announced plans to make £600m available to help a project building 50,000 new homes by investing in the necessary infrastructure. It is the latest spending pledge by the government ahead of a budget in the autumn in which Javid will set out the government’s spending and taxation plans for the next [...]
Big Tech vs Congress live: Facebook, Google, Apple and Amazon face Washington grilling July 29, 2020 Welcome to City A.M.’s Big Tech vs Congress live blog. Please refresh this page for live updates. Big Tech faces its day of reckoning today as the world’s four biggest tech moguls appear before the US Congress in Washington to face a grilling over their companies’ size and power. Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, [...]
Huawei: Britain to make 5G decision on Chinese telecoms giant in autumn August 27, 2019 Britain will decide whether to let Huawei’s equipment be used in its 5G networks this autumn, according to Nicky Morgan. The culture secretary said this morning that whatever decision it takes on the Chinese telecoms giant, the government will ensure it is for the long term. Read more: Huawei will not pass information to Beijing, [...]
Rishi Sunak’s Autumn Budget: A quick overview of what has been announced October 27, 2021 Downing in numbers and announcements? No worries, here are the main points from Chancellor Rishi Sunak’s Budget. – The Budget is focused on the “post-Covid” era, according to the Chancellor, and will pave the way for the “Prime Minister’s economy of higher wages, higher skills, and rising productivity”. – Independent forecaster the Office for Budget [...]
Next defies retail gloom with rise in profits but shares fall on weak start to autumn trading September 19, 2019 Next reported a rise in pre-tax profits and sales this morning, as the retailer shrugged off tough trading conditions on the high street during the first half of 2019. The group’s share price dropped four per cent in morning trading after it flagged a weak start to the autumn season as a result of the [...]