Mordaunt to meet with US state governments to discuss trade deals February 7, 2022 The UK will conduct fresh talks with individual US state governments this week in a bid to push forward plans to close a series of mini-trade deals. Trade minister Penny Mordaunt will virtually meet with a number of state government officials – from states such as Indiana, Utah and California – as part of the [...]
Government re-opens door to fracking after Russian oil ban March 9, 2022 The Prime Minister, Boris Johnson, is open-minded to the idea of bringing back fracking following a near three year moratorium on the process.
Rail stakeholders drag government for axing £3bn HS2-West Coast link June 7, 2022 Rail stakeholders have dragged the government for its decision to axe a £3bn link between HS2 and the West Coast Main Line. According to a joint statement published today by the Railway Industry Association (RIA), High Speed Rail Group and Rail Freight Group, scrapping the link will create a bottleneck north of Crewe. The link [...]
Khan urges government to ‘get a grip’ on cost of living crisis February 5, 2022 Mayor of London Sadiq Khan has called on the government to “get a grip” on the cost of living crisis, after energy prices were confirmed to rise by £700 this year. A new energy price cap coming into effect in April will see customers paying an average of £700 more a year. With runaway inflation, [...]
Government readies another listings shakeup to tempt in tech firms February 4, 2022 Government is readying another major shakeup of UK listing rules to tempt tech firms into listing in the capital, City A.M. understands.
EU aims to tighten data curbs on non-EU governments February 3, 2022 New European law will start requiring cloud services, like Amazon and Microsoft, to set up safeguards against illegal data transfers to non-EU governments, as the EU continues to rein in US tech giants. According to reports by Reuters, the European Commission’s Data Act, which is set to be published at the end of this month, [...]
UK government bans Bain & Co from competing for contracts over role in South African corruption scandal August 3, 2022 US consulting firm Bain & Co has been banned from competing for UK government contracts, after a review by the Cabinet Office determined the Boston consultancy “guilty of grave professional misconduct” over its role in alleged “state capture and corruption by the South African government”. As first reported by the Financial Times, Cabinet Minister Jacob [...]
RAC urges Government to provide more support to UK drivers as petrol prices climb to new highs July 4, 2022 The RAC has urged the Government to provide more support for drivers, as petrol prices climbed to fresh records this weekend.
Cevian Capital calls for governance overhaul at Ericsson after Isis payments March 4, 2022 Swedish activist investor Cevian Capital has called for a governance overhaul at telecoms giant Ericsson after the firm was found to have made possible payments to terror group Isis. Shares in Ericsson have plunged over 25 per cent since boss Borje Ekholm conceded last month that the firm may have breached compliance rules and made [...]
Asda chair hammers government for ‘tin eared’ response to cost of living crisis April 3, 2022 The government has delivered a “tin-eared and slow” response to the UK’s cost of living crisis, according to the chair of Asda. Tory peer Lord Stuart Rose said chancellor Rishi Sunak should put together a new package to ease the pain of soaring costs for households, adding that “the main problem that the government has [...]