No pressure? Gazprom cuts gas flows into Europe as cold winter months loom July 25, 2022 Gazprom plans to further cut gas flows into Europe, raising the chilling prospect of rationing and blackouts this winter.
Tory leadership: MPs call for an end to ’embarrassing’ attacks July 25, 2022 Tory MPs called for an end to bruising personal attacks in the party’s leadership race today as the battle between Liz Truss and Rishi Sunak became even nastier. Culture secretary and Truss supporter Nadine Dorries launched an attack on Sunak’s immense wealth earlier today, tweeting that the ex-chancellor visited “Teesside in Prada shoes worth £450 [...]
Business rates: Thousands of businesses go bust whilst waiting for rebates July 25, 2022 Thousands of business sites have foundered in while waiting for rebates over property taxes, according to new data. Research by real estate advisory firm Altus Group has showed that 3,165 business premises, including offices, factories, shops, pubs and restaurants, entered insolvency whilst they were awaiting the result of a business rates challenge. Business rates are [...]
OneWeb takeover by Chinese state-backed rival raises national security concerns July 25, 2022 The proposed takeover of British satellite darling OneWeb by French rival Eutelsat has caught scrutiny over national security. The joint company, estimated to be worth around $6bn (£4.9bn), would create a satellite and communications powerhouse to compete against Elon Musk’s SpaceX and Starlink – which currently dominates the satcoms industry. Eutelsat, which is partly owned [...]
Drought Council to meet tomorrow with hosepipe bans on the table if hot weather continues July 25, 2022 The National Drought Council is set to meet this week amid a possible hosepipe ban in wake of one of the hottest and driest summers on record. The Environment Agency body will gather to discuss options should the hot weather and lack of rainfall continue into August. This comes after the UK recorded its hottest [...]
‘Just me then?’ Rishi Sunak agrees to Andrew Neil grilling on Channel 4 but Liz Truss refuses to come July 25, 2022 Channel 4 said this afternoon that former Chancellor and Tory leadership hopeful Rishi Sunak has agreed to be interviewed by veteran political journalist Andrew Neil. However, his main rival – Liz Truss – has declined, the channel confirmed. The former chancellor will be grilled live at 7.30pm on Friday on the network, where Neil hosts [...]
Exclusive: Pensioners should get stamp duty break if they downsize home, house-buyers’ group says July 25, 2022 To ease the housing crisis, pensioners may be pushed into downsizing their homes and getting a tax break on stamp duty in return. The National Association of Property Buyers (NAPB) said the incentive would free up supply of housing and cool house prices, while also redoing the need for equity release. This comes after the [...]
Number 10 says Dover border chaos ‘not necessitated’ by Brexit July 25, 2022 Downing Street has said travel chaos at the Dover port over the past few days has not been “necessitated by leaving the European Union”. Boris Johnson’s official spokesman said “there are changes following leaving the European Union which we recognised and which we have planned for”, but that the long queues at Dover were not [...]
Starmer vows there will be ‘no magic money tree economics’ with Labour July 25, 2022 Sir Keir Starmer has promised there will be “no magic money tree economics” with a Labour government as he vows to deliver “sound finances”. Starmer said in a setpiece speech in Liverpool that he would not be bound to the “nostalgic” thinking that government should direct business activity and that “modern industrial strategy is not [...]
Tonight at 9pm: Liz Truss and Rishi Sunak will go head to head on live TV in BBC debate July 25, 2022 Tory leadership hopefuls Rishi Sunak and Liz Truss will go head-to-head in a TV debate after the battle to become the next prime minister became toxic with the two rival camps clashing over immigration, China and the economy. The BBC debate at 9pm comes after a weekend that saw allies of the two Tory leadership [...]