City minister says government not at fault for markets turmoil September 28, 2022 City minister Andrew Griffith has said the past week’s financial markets turmoil is not the government’s fault as a Tory backlash against the Prime Minister builds. Griffith told Sky news that “every major economy is dealing” with market volatility, after the Bank of England made a stunning decision today to start buying up UK gilts [...]
Attorney general Suella Braverman not going anywhere despite her call for Boris Johnson to go July 7, 2022 Despite calling for the Prime Minister to quit, Attorney General Suella Braverman says she will continue in her role. The Cabinet minister, who has previously been a staunch supporter of Boris Johnson, told Peston on ITV that he had handled matters “appallingly” in recent days. She said: “The balance has tipped now in favour of [...]
Sunak appoints unity Cabinet as Hunt stays and Braverman returns October 25, 2022 Jeremy Hunt will remain as chancellor under Rishi Sunak as the new Prime Minister picked a top team which finely balanced the different wings of the Tory party. Hunt is expected to deliver the planned Halloween fiscal statement next Monday, which is set to include a series of tax hikes and spending cuts. Close Boris [...]
Truss and Kwarteng face Tory backlash as they refuse to back down over tax plan September 28, 2022 Kwasi Kwarteng and Liz Truss are facing open rebellion from parts of the Tory backbenches as MPs call for the pair to make a dramatic U-turn on their tax plan. Some Conservative MPs are already anonymously briefing to media outlets that the chancellor should be sacked, while one, Simon Hoare, broke cover to say the [...]
Cabinet rift deepens as Braverman hits out against Truss’ tax U-turn October 4, 2022 Liz Truss is facing very public cabinet splits just a month into her premiership, with two senior ministers today hitting out against her tax cut U-turn. Home secretary Suella Braverman today said she was “disappointed by the subsequent reversal” in the decision to cut the top 45p rate of Income tax and housing secretary Simon [...]
The Debate: Would citizens’ assemblies improve our democracy? February 21, 2024 City A.M.’s weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. This week: Should the UK introduce citizens’ assemblies? Yes: In Ireland, citizens’ assemblies helped identify a new consensus point for abortion rights The 24-hour-long ‘moment’ we just experienced around citizens’ assemblies has been [...]
Truss to vow a new era of growth as she tries to steady her premiership October 4, 2022 Liz Truss will tomorrow promise a new era of growth and try to reset her already faltering premiership, just 24 hours after the Tory party descended into all-out civil war at its annual conference. The Prime Minister suffered another damaging day as very public splits emerged within her cabinet, backbench MPs briefed against her and [...]
UK house prices drop by 0.8 per cent as ‘softening’ of growth at weakest since 2009 September 1, 2023 Nationwide said house prices are now 5.3 per cent below their August 2022 peak, while the average property value is now £259,153.
easyJet has no clue how many flights will be cancelled as airline gets caught up in travel chaos June 20, 2022 easyJet said it didn’t know how many flights it will have to cancel to best manage the ongoing travel chaos at airports across Europe, including Gatwick and Amsterdam Schiphol. The news comes after the London hub said on Friday it would be forced to axe daily flights from more than 900 to 825 and 850 [...]
LIVE BLOG: Boris Johnson ‘should not remain in Downing Street’ says former PM Sir John Major July 7, 2022 Welcome to City A.M.’s rolling coverage of the ongoing Conservative coup against prime minister Boris Johnson. We’ll bring you all the latest news, resignations, appointments, analysis and opinion, as well as the impact of the crisis on the markets and economy. 2pm – Former PM Sir John Major says Boris Johnson “should not remain in [...]