Sunak strips HS2 bosses of London Euston responsibility: ‘There must be accountability for mistakes made’ October 4, 2023 HS2 Ltd has been stripped of responsibility for Euston station as there “must be some accountability for the mistakes made”, Prime Minister Rishi Sunak said. Rishi Sunak used his speech at the Conservative Party conference to confirm that the high-speed railway will reach the central London station after developing a plan that will generate cost [...]
‘Done the unthinkable’: HS2 northern leg scrapped, Rishi Sunak confirms in Tory conference speech October 4, 2023 The northern leg of HS2 from Birmingham to Manchester has been scrapped, Rishi Sunak has announced. The Prime Minister confirmed the decision to axe the route as he made his keynote speech at the Conservative Party Conference in Manchester today. Sunak said: “I am ending this long running saga. I am cancelling the rest of [...]
Outgoing City of London Lord Mayor Nicholas Lyons will return to Phoenix Group as chair October 4, 2023 The outgoing City of London Lord Mayor Nicholas Lyons will return to insurance giant Phoenix Group as chair, when his term ends next month. Lyons will resume his role with FTSE100 pension firm following a sabbatical for his mayoralty, which ends in November. He will be made chair of the board of directors on 1 [...]
MPs slam Tory mayoral hopeful for saying Jews ‘frightened’ under Sadiq Khan October 3, 2023 Tory mayoral hopeful Susan Hall has been accused of deploying “dog-whistle” politics in her bid to lead City Hall after claiming Jews are “frightened” under Labour’s Sadiq Khan. Senior Labour MPs urged the Conservative candidate to retract the “divisive and disgusting” remarks as the Board of Deputies of British Jews said there is “no fear [...]
Hunt: London’s stock market can rise above Nasdaq October 3, 2023 London’s stock market “can actually do better than Nasdaq” in some areas, Jeremy Hunt said today, as the government and regulators scramble to boost the appeal of the City amid a drop in public listings.
Rishi Sunak refuses to say if HS2 to Manchester is being scrapped – six times October 3, 2023 Rishi Sunak has refused to confirm whether HS2 to Manchester is being scrapped six times while being grilled in a live interview. The Prime Minister insisted to BBC Breakfast he had “absolutely not” given up on the multi-billion pound rail scheme which has dominated the Conservative Party Conference. “We’ve got spades on the ground on [...]
Sunak failed to hand over pandemic WhatsApp messages to Covid inquiry – reports October 3, 2023 Rishi Sunak has told the Covid-19 inquiry that he is unable to provide WhatsApp messages from his time as Chancellor during the pandemic because he failed to back them up, it has been reported. The Prime Minister wrote in his witness statement that he does “not have access” to the messages because he changed his [...]
Conservative Conference Diary: Speed limits on growth October 3, 2023 City A.M.’s reporters bring you the gossip behind the headline speeches at the Conservative Party Conference.
Government to review UK regulators in hunt for post-Brexit ‘advantages’ October 2, 2023 The government has committed to review the UK’s sprawling regulatory system today in a bid to strip back red tape and find “post-Brexit regulatory advantages”. In a statement today, business secretary Kemi Badenoch said the government would kick off an “in-depth review” of how regulators work in the UK. The aim of the new deep [...]
Hunt announces civil service hiring freeze as he aims to shrink the state October 2, 2023 Chancellor Jeremy Hunt today announced a freeze on civil service recruitment and pledged to shrink the size of the state.