Burning car hits Mayor’s home as Paris riots continue overnight July 2, 2023 Young rioters clashed with police late on Saturday and early on Sunday and targeted a mayor’s home with a burning car as France faced a fifth night of unrest sparked by the police killing of a teenager, but overall violence appeared to be reduced compared with previous nights. Police had made 719 arrests nationwide by [...]
Lord Goldsmith, accused of undermining partygate probe, quits government due to its ‘apathy’ on the environment June 30, 2023 Foreign Office minister Lord Goldsmith has announced his resignation over what he described as Government “apathy” towards the environment. In a scathing letter to the Prime Minister on Friday, the Tory peer accused Rishi Sunak directly of being “simply uninterested” in climate issues. The departure comes just a day after the peer was censured in [...]
As the Financial Services and Markets Act becomes law – here are the 5 things you need to know June 30, 2023 The Financial Services and Markets Bill received royal assent yesterday, securing the passage into law of the government’s landmark overhaul of financial services regulation. The government claims the reforms enable the UK to capitalise on ‘Brexit freedoms’, unlocking billions of pounds which could be directed to investment in the UK. In short, the act empowers [...]
Nigel Farage claims he may have to leave UK after bank accounts closed June 29, 2023 Nigel Farage has claimed he may have to leave the UK after his bank accounts were closed. The former UKIP leader and Brexiteer today posted a six-minute long video on Twitter, stating his accounts had been closed and he was unable to secure banking services elsewhere. He wrote: “The establishment is trying to force me [...]
Brexit scaremongering must stop, says minister June 29, 2023 Total UK trade is up and Brexit scaremongering “has to stop”, a business minister has said. Nus Ghani told the Commons UK trade is thriving post-Brexit, as she dismissed concerns about the effects of the country’s withdrawal from the European Union as “scaremongering”. Her remarks came in response to a question about the impact of [...]
Cleverly defends China visit plans and pledges to use UK’s global ‘influence’ June 29, 2023 Foreign secretary James Cleverly has defended a possible trip to China as he argued that international reforms cannot happen without recognising Beijing’s global financial influence. Cleverly confirmed last week that he is “looking at the options” for a potential visit to China – the first by a UK foreign secretary since Jeremy Hunt went in [...]
Number of higher rate income taxpayers soars to record high 5.59m June 29, 2023 The number of Brits paying the higher rate of income tax has surged to its highest level on record, caused by Prime Minister Rishi Sunak and Chancellor Jeremy Hunt freezing tax bands to help rebalance the public finances, official figures out today reveal. Some 5.59m people in the UK are being subjected to the higher [...]
‘Lean in’ to artificial intelligence, education secretary urges firms June 29, 2023 Businesses need to “lean in” to the power of artificial intelligence (AI), education secretary Gillian Keegan has said. The education secretary told City A.M. indulging in fears about AI wiping out jobs and opportunities was unproductive. Asked whether she was concerned about the impact of the new technology such as ChatGPT and Bard altering or [...]
Labour to champion green covered bonds in investment strategy, says Siddiq June 29, 2023 Green covered bonds are set to be a key plank of Labour’s investment strategy for clean energy, Tulip Siddiq is set to tell the Square Mile today. The shadow City minister is expected to outline Labour’s strategy for the clean energy industry and how the party aims to unlock billions in investment at TheCityUK conference [...]
Dorries and Rees-Mogg ‘waged campaign to undermine’ privileges committee probe into Johnson June 29, 2023 Boris Johnson allies Nadine Dorries and Jacob Rees-Mogg were among MPs who attempted to undermine the privileges committee’s investigation into the ex-prime minister. Eight current and former MPs – Dorries, Rees-Mogg, Lord Zac Goldsmith, Mark Jenkinson, Michael Fabricant, Brendan Clarke-Smith, Andrea Jenkyns, and Priti Patel – were involved in a “campaign waged outside Parliament… to [...]