London Tech Week: Sunak and Hunt’s charm offensive was no light touch June 12, 2023 Charlie Conchie, City A.M. investment editor, reflects on day one of London Tech Week. What’s a growth mindset and how can I get one? Solving the UK’s tech investment gap is not just tweaking rules and regulation, Chancellor Jeremy Hunt said yesterday, but also “looking at our mindset”. “That’s something I think we need everyone’s [...]
London trial: Ukraine’s bank accuses former owners of ‘fraud on epic scale’ and money laundering June 12, 2023 Ukraine’s biggest bank has accused two former owners of “fraud on an epic scale” covered up by “money laundering on a vast scale” at a High Court trial in London. JSC Commercial Bank Privatbank says former owners Igor Kolomoisky and Gennadiy Bogolyubov misappropriated more than £1.5 billion (nearly two billion US dollars). A judge began [...]
Government price tag for making tax digital has ballooned, report warns June 12, 2023 The credibility of the government’s plans to allow people to file their tax bills digitally has been undermined by repeated delays and a bill that has increased about sixfold, the National Audit Office (NAO) has said. The official auditors said that the final bill is currently expected to be £1.3bn, an increase of more than [...]
AI can help capital tackle climate threat, Sadiq Khan says June 12, 2023 Artificial intelligence (AI) can be deployed to help London tackle the threat from climate change, Sadiq Khan has said. The mayor of London has launched a review exploring how data and technology can help the capital thrive in a changing environment. At the opening of London Tech Week on Monday, Khan outlined how blistering heatwaves [...]
Silvio Berlusconi: Ex Italian PM known for sex-fuelled parties, dogged by corruption and scandal, dies aged 86 June 12, 2023 Former Italian premier and media mogul Silvio Berlusconi has died at the age of 86, Italian media has reported. He was Italy’s longest-serving premier despite scandals over his sex-fuelled parties and allegations of corruption. Italian news agency LaPresse reported Mr Berlusconi’s death after he was taken to hospital on Friday for the second time in [...]
Boris Johnson accuses Rishi Sunak of ‘talking rubbish’ in resignation row latest June 12, 2023 Boris Johnson accused Rishi Sunak of “talking rubbish” as the row over his resignation and peerages list became a public slanging match. It came after Sunak laid into his predecessor as prime minister Boris Johnson claiming he “asked me to do something I wasn’t prepared to do” over his peerages list. Johnson’s camp accused the [...]
Just Stop Oil have cost Met £4.5m in six weeks as slow marches continue to frustrate London workers June 12, 2023 Just Stop Oil (JSO) protests have cost the Metropolitan Police £4.5 million in six weeks, the force said. Activists have been staging demonstrations every day since April 24, mainly marching slowly on major roads in London, but also disrupting high profile events like the Chelsea Flower Show, Gallagher Premiership rugby final at Twickenham and World [...]
New biothreats radar amid warnings Covid vaccine prep ‘dismantled’ June 12, 2023 Government ministers are set to launch a new biothreats radar programme to guard the UK against disease outbreaks, bio-attacks and antimicrobial resistance. Pandemic preparedness, data monitoring and boosting the UK’s life sciences sector with £1.5bn a year are also priorities for the unit, set to be run by the National Situation Centre. Deputy prime minister [...]
Shock result as Paul Scully MP fails to make Tory mayoral candidate shortlist June 11, 2023 Conservative MP Paul Scully has failed to make it onto his party’s shortlist in the race to take on Sadiq Khan for mayor of London. The upset saw the minister for London – widely thought of as the likely Tory favourite – snubbed in favour of assembly member Susan Hall, former No 10 advisor Daniel [...]
Cabinet minister claims politics has ‘moved on’ from Boris Johnson June 11, 2023 Politics has “moved on” from the drama of Boris Johnson, a senior cabinet minister has claimed amid a row over the former prime minister’s resignation as an MP and honours list. Energy secretary Grant Shapps told Sky News’s Sophy Ridge on Sunday that while former London mayor Johnson possessed “many qualities”, No 10 was under [...]