Merge UK’s financial services regulators into one body, says Tory think tank August 8, 2022 The government should consider merging the UK’s several financial services regulators into one body post-Brexit, an influential Tory think tank has said. A new report from the centre-right Policy Exchange, which was founded by Michael Gove, today said “meeting the demands” of the multiple City regulators can be “a major barrier to innovation” for new [...]
KPMG restarts UK government contract bids August 8, 2022 KPMG has restarted competing for UK government contracts, after the Big Four accounting firm withdrew from public sector tenders last December, following a series of high-profile accounting scandals. The Big Four accountancy firm re-commenced bidding for UK public sector contracts in early-June, after it pulled out of competing for lucrative UK government contracts at the [...]
Dominic Raab weighs up plans for further barriers to judicial reviews August 8, 2022 Justice secretary Dominic Raab is considering introducing new measures to make it harder to challenge government decisions via judicial reviews, leaked documents seen by the Guardian show. The plans could also see judges subject to new more stringent criteria in bringing forward cases, that could see courts banned from hearing cases in certain areas of [...]
Watch Rishi Sunak’s Brexit message as he is ridiculed on social over ‘worst campaign video ever created’ August 8, 2022 Rishi Sunak’s campaign is under fire this afternoon as the former chancellor is mocked online and accused of “pointless posturing” in a campaign video focused on shredding EU regulations which has been likened to a parody. The Tory leadership candidate vowed to use his first 100 days if elected prime minister to “review or repeal [...]
Khan-backed campaign to increase foreign investment into London launches August 8, 2022 A new campaign backed by Sadiq Khan to increase green foreign capital investment into London post-Brexit has today been launched. The £500,000 Opportunity London campaign – which has been partially funded by City Hall, the City of London Corporation and the 32 borough councils – aims to “showcase London as one of the very best [...]
Government accused of ‘messy’ decision making in £63m Newport Wafer sale August 8, 2022 British and Welsh government have been accused of being a “mess” in deciding on the sale of the UK’s largest chipmaker, Newport Wafer Fab. Both governments missed the chance to halt the £63m sale of Newport Wafer to Chinese-owned Nexperia in 2021. The National Security and Investment law, introduced in January, sought to give minister [...]
UK drafting plans to ‘significantly’ boost overseas recruits in NHS August 8, 2022 The UK government is drafting plans to “significantly” boost the number of overseas staff in the NHS to avert a winter crisis, according to the health secretary today. In a bid to combat worsening delays in the NHS, health secretary Steve Barclay told the Telegraph: “I have been working at pace over recent weeks to [...]
Number 10: Johnson will not outline a cost of living package this summer August 8, 2022 Number 10 has confirmed that Boris Johnson will not be announcing an emergency package of measures to help Brits being squeezed by the worsening cost of living crisis. Johnson’s official spokesman today said “it will be for a future Prime Minister to decide whether … measures are required”. It comes after former Prime Minister Gordon [...]
Sitting on cash pile: Only half of all councils in England use £1.5bn pandemic fund with thousands of companies missing out August 8, 2022 Only half of all councils in England have started making payments to Covid-hit firms from a £1.5bn support package, almost 18 months after it was first launched. Real estate experts have said it is “too little too late” and could mean thousands of companies miss out on almost £700m of available funding. In March 2021, [...]
Sunak says Truss’ cost of living plan ‘won’t touch the sides’ August 8, 2022 Rishi Sunak has launched a fresh attack on leadership rival Liz Truss, saying today that her plan to make tax cuts next month won’t “touch the sides” for families facing a worsening cost of living crisis. Sunak said “bolder action” was required to “protect people from the worst of the winter” amid fresh predictions energy [...]