Sunak says UK-China dialogue needed to solve ‘global challenges’ November 15, 2022 Rishi Sunak has said the UK and China need to stay in dialogue to solve “big, global challenges” in a backdown from his hawkish stance during the Tory leadership contest. The Prime Minister today said China was a “systemic challenge both to our values and our interests” and the “biggest threat to our economic security”, [...]
Ofcom clamp down on fake number fraud November 15, 2022 Phone users will be better protected against scammers using fake phone numbers, under new rules announced today by Ofcom. Scams are a widespread problem – three quarters of people have received a suspicious call or text in the last three months. This represents an estimated 40.8 million adults in the UK. To help combat this [...]
Raab row: Civil servants union boss says bullying concerns exist over ‘dozens of ministers’ November 15, 2022 As Dominic Raab faces allegations of bullying, the head of the civil servants union has raised concerns about “dozens of ministers” conduct. Dave Penman, chair of the FDA union, made his comments on Sky News after reports about Dominic Raab being labelled the ‘incinerator’, and Sir Gavin Williamson also quitting over bullying claims. He said [...]
Without Brexit, there would never have been a harsh austerity Budget this week, says BoE veteran November 15, 2022 The real reason Britain is facing harsh austerity measures is the UK’s departure from the EU, according to a senior economist. Former Bank of England interest rate policy maker Michael Saunders said that Brexit has ‘permanently damaged’ the UK’s economy. “The UK economy as a whole has been permanently damaged by Brexit,” said Saunders, who [...]
UK failing to tackle fraud epidemic, warns National Audit Office November 15, 2022 The UK government lacks a coherent strategy for tackling fraud and has significant gaps in its understanding of the problem, according to a new report by the National Audit Office (NAO). The situation has seen action taken against fraudsters drop over the past five years, even as the level of fraud across the economy has [...]
Price of independence: Scots warned breaking away from UK may mean 20 per cent cut in income November 15, 2022 Crashing out of the Pound Sterling in the wake of an independence vote would cost the average Scottish household 20 per cent of their income, according to new analysis published today. The findings set out how the introduction of a new Scottish currency would hike the cost of imports, increase debt costs and lead to [...]
Rishi Sunak commits to warship expansion as war in Ukraine continues November 15, 2022 Rishi Sunak has said that the UK plans to build five more British warships as the war in Ukraine continues to rage on. The Prime Minister is currently attending the G20 summit in Bali, Indonesia, which has been dominated by talk of Russia’s invasion. Sunak announced that defence manufacturer BAE Systems had been awarded a £4.2bn contract [...]
Virgin’s ‘Pride’ Airbus called Rainbow to fly England squad to Qatar World Cup today November 15, 2022 Team England is reportedly flying off to Qatar today on a plane called ‘Rainbow’. The Virgin Atlantic Airbus, which is chartered by FA, also carried the registration number PRD, or short for ‘Pride’. Moreover, the Airbus plane also features a cartoon of a man holding wearing Rainbow-coloured shoes, while he carries the Union flag, according [...]
Hunt readies for biggest budget since Cameron and Osborne’s first outing November 15, 2022 Thursday’s budget (okay, Autumn Statement) is the biggest since David Cameron and George Osborne’s first statement in 2010, just after they seized the keys to number 10 (with a little help from the Liberal Democrats) from Gordon Brown’s Labour. Chancellor Jeremy Hunt faces a daunting task. Weaker than expected economic growth, high inflation and a [...]
“On the to-do list”: City minister promises reform as London slips behind Paris November 14, 2022 THE CITY minister Andrew Griffith yesterday said post-Brexit financial services reforms were on his “to do list” after new figures suggesting Paris’ stock market had overtaken London’s sent a shockwave through the Square Mile. The total value of all listings in the French capital overtook London last month, according to number crunchers at Bloomberg. Whilst [...]