Truss says UK will be ‘deeply concerned’ as Queen under medical supervision September 8, 2022 Liz Truss has said the entire country will be “deeply concerned” by the news that the Queen has been put under medical supervision at Balmoral as messages of support flood in from across the world. The Prime Minister said “my thoughts – and the thoughts of people across our United Kingdom – are with Her [...]
UK’s new justice secretary Brandon Lewis to meet with Criminal Bar Association September 8, 2022 The UK’s new justice secretary Brandon Lewis has agreed to meet with the Criminal Bar Association (CBA) following former justice secretary Dominic Raab’s failure to meet with the barristers’ trade body. Lewis is set to meet CBA chair Kirsty Brimelow QC on Monday 12th September, after his predecessor failed to directly engage with striking barristers [...]
Sadiq Khan: Mayor to write book on winning support for climate change policy September 8, 2022 Sadiq Khan will publish his first book early next year, Breathe, which publishers say will be a “warm and practical” guide to winning support for “tough climate action.” Khan’s book will be a “seven step guide” to persuading citizens and businesses to get on board with policies to fight climate change. The book will identify [...]
PM Liz Truss to announce energy plan: Borrow £150bn, restart fracking and freeze bills at £2,500 September 8, 2022 Prime Minister Liz Truss is set to announce bold new proposals to tackle the energy crisis, including borrowing £150bn, freezing energy bills at £2,500 until 2024 and restarting fracking. The newly-minted PM’s plans come after she dismissed suggestions of a windfall tax on energy producers to pay for the borrowing, as questions are asked about [...]
J.P. Morgan distances itself from Boris Johnson speaking deal rumours September 7, 2022 J.P. Morgan has not offered Boris Johnson a lucrative post-premiership speaking deal, despite rumours to the contrary. It was reported in The Telegraph on Monday that Johnson had been offered £2m to give six speeches at J.P. Morgan events. However, sources at the US investment bank have told City A.M. that Johnson has not been courted for [...]
Liz Truss: New government must demonstrate that politics can deliver September 7, 2022 Some time ago in an editorial meeting at City A.M.’s offices, just after the discussion of another major UK infrastructure project dumped on the back-burner, one of our more cynical staff members suggested that it might not be all bad for Britain to enjoy a benign dictatorship for a few years, driving through necessary but [...]
Audit watchdog’s Birmingham staff relocation plans still to be decided September 7, 2022 Ministers have not yet come to a decision as to whether staff at the Financial Reporting Council (FRC) will be asked to relocate to Birmingham following the launch of the UK’s new audit watchdog, City A.M. understands. Staff were told that Birmingham had been picked as the home of the UK’s new Audit, Reporting Governance [...]
New justice secretary Brandon Lewis faces calls to ‘open negotiations’ with barristers September 7, 2022 Former secretary of state for Northern Ireland Brandon Lewis is set to succeed Dominic Raab as the UK’s new justice secretary. The 51-year-old MP for Great Yarmouth is set to face immediate pressure from striking barristers following calls from the chair of the Criminal Bar Association for “substantial positive movement” from the government. The appointment [...]
Liz Truss energy price freeze would peg inflation, BoE chief economist says September 7, 2022 LIZ Truss’s plan to freeze energy prices would prevent inflation from scaling to its highest level since 1980, but interest rates may have to stay higher for longer, the Bank of England’s top wonk said today. Huw Pill, the monetary authority’s chief economist, told the commons treasury committee that the new prime minister’s cost of [...]
North Sea body and unions warn offshore workers against wildcat strikes September 7, 2022 The UK's leading North Sea body has warned against wildcat strikes tomorrow, as have unions including GMB, RMT and Unite.