Budget 2020: Chancellor Rishi Sunak promises “record” infrastructure spend March 10, 2020 Chancellor Rishi Sunak will pledge £600bn over a decade, as he promises “record amounts” of infrastructure investment in tomorrow’s Budget. The Treasury said Sunak will triple the average net investment seen over the past 40 years as part of the Prime Minister’s “levelling up” plans. The Budget, which will be delivered tomorrow, will see more [...]
Police watchdog probe into Johnson and Arcuri not expected before May March 10, 2020 A police watchdog report into Boris Johnson’s relationship with US businesswoman Jennifer Arcuri is now not expected until May at the earliest. The Independent Office for Police Conduct (IOPC) is probing Johnson’s relationship with Arcuri to see if the Prime Minister could have engaged in criminal misconduct when he was mayor of London. The police [...]
Huawei rebels defeated – but give government bloody nose March 10, 2020 The government was given a bloody nose by its own backbenchers this afternoon, after a group of rebels led by former Tory leader Iain Duncan Smith stuck to their guns on Huawei. MPs voted 306 to 282 against an amendment calling for Downing Street to stop using “high risk vendors” – a term that appears [...]
Government would be ‘very unwise’ to ignore Huawei rebels, says David Davis March 10, 2020 The government would be “very unwise” to ignore Conservative rebels on Huawei, even if Downing Street wins today’s key vote, David Davis has warned. Speaking just hours before MPs debated an amendment designed to force the government’s hand on 5G, banning it from using “high risk vendors” after 31 December 2022, the former Brexit secretary [...]
Treasury to push back target date to sell off RBS stake March 10, 2020 The Treasury is set to push back its target date for selling its stake in the Royal Bank of Scotland (RBS) in the wake of stock market uncertainty. The government is due to announce tomorrow that it will not divest its 62 per cent stake in RBS until 2025. An exit strategy the Treasury published [...]
Coronavirus: Rory Stewart cancels London mayoral campaign launch March 10, 2020 Rory Stewart has cancelled his London mayoral campaign launch due to fears over coronavirus. Stewart yesterday criticised the government for not acting “much more aggressively” to stop the spread of Covid-19 and called for all schools to to be closed and all large public gatherings cancelled immediately. Last night, he said it was important for [...]
Sadiq Khan on track for landslide London mayoral election win, says new poll March 10, 2020 Sadiq Khan has extended his lead in the mayoral election race and is on track to score an easy victory, according to new polling. The YouGov/Queen Mary University polling, released today, has Khan in first place with 49 per cent of first preference votes for the upcoming 7 May London mayor election. That is four [...]
Alex Salmond faces second day of sexual assault trial March 10, 2020 Alex Salmond will face more of his accusers in the second day of his sexual assault trial, after yesterday it was alleged he “pounced” on top of a woman and tried to rape her at the first minister’s residence. The former Scottish first minister has today arrived at the Scottish High Court in Edinburgh, with [...]
George Osborne’s former adviser Rupert Harrison: Extra spending in Budget is ‘welcome’ March 10, 2020 Rupert Harrison has spent the last few weeks monitoring obscure economic indicators – everything from pollution in Chinese cities to traffic in Milan – in an effort to guide his clients at investment giant Blackrock through the worst market crisis since 2008. He’s no stranger to financial turbulence, however, having been chained at the hip [...]
Can the chancellor protect the UK economy from coronavirus? March 10, 2020 You have to feel sympathy for Rishi Sunak. Suddenly appointed as chancellor after the unexpected resignation of Sajid Javid, he found himself with just weeks to put together the first Budget of the Boris Johnson era. Any chance he could simply copy Javid’s homework was then dashed when the former chancellor gave the Times chapter [...]