Attorney general Suella Braverman not going anywhere despite her call for Boris Johnson to go July 7, 2022 Despite calling for the Prime Minister to quit, Attorney General Suella Braverman says she will continue in her role. The Cabinet minister, who has previously been a staunch supporter of Boris Johnson, told Peston on ITV that he had handled matters “appallingly” in recent days. She said: “The balance has tipped now in favour of [...]
Boris Johnson refuses to resign and instead sacks Michael Gove July 6, 2022 Boris Johnson has ignored the calls of senior cabinet ministers and has refused to resign, leaving the government in crisis. Johnson appears to have lost the confidence of Conservative party MPs and has seen the resignation of more than 40 ministers and parliamentary private secretaries, MPs who work as assistants to ministers, leaving questions marks [...]
Ofcom ‘bares its teeth’ with new roadmap for new online safety laws July 6, 2022 Ofcom has urged tech firms to start preparing now for new online safety rules, setting out a plan for the first 100 days of the regime.
AS IT HAPPENED – LIVE BLOG: Boris Johnson clings on as Tory rebellion gathers pace July 6, 2022 The prime minister is under increasing pressure to quit amid a series of high-profile cabinet resignations over the last 48 hours. Over the course of Wednesday’s drama, we followed all the latest news, opinion and analysis from Westminster on ourCity AM’s live blog. From resignations and letters of support, to the latest policy changes and [...]
Javid calls on cabinet ministers to quit as Gove tells PM it’s time to go July 6, 2022 Sajid Javid has called on other cabinet ministers to leave Boris Johnson’s government and housing secretary Michael Gove has told the PM that it’s time to quit as his government collapses around him. In a blistering Commons speech, Javid said “treading the tight rope between loyalty and integrity has become impossible in recent months” and [...]
Pound still at lowest level since start of pandemic amid government chaos July 6, 2022 The British pound is at its lowest level since the start of the Covid pandemic in March 2020 as the UK government faces a political crisis. The pound has slid 0.6% today to $1.1883 as a wave of ministers resigned from Boris Johnson’s government. Sterling initially dropped more than a cent to below $1.20 for [...]
Zahawi to review planned Corporation Tax hike as PM clings on July 6, 2022 New chancellor Nadhim Zahawi has vowed to review a planned increase in Corporation Tax for the UK’s largest companies as Boris Johnson tries to cling onto power. Zahawi told the BBC today that “nothing was off the table”, including a potential scrapping of a planned increase in Corporation Tax for the UK’s largest firms from [...]
Wounded Boris Johnson in fight of his life after shock resignations: Westminster numb as UK wakes up with new chancellor July 6, 2022 After a night of high drama in Westminster, which saw a pair of Cabinet resignations and a series of Government exits threaten to force the Prime Minister from Number 10, Boris Johnson fights on this morning to save his premiership, or what is left of it. Rishi Sunak quit as chancellor on Tuesday, alongside Sajid [...]
Chairman of abrdn’s Chinese investment vehicle blames ‘zero-Covid-19’ policy for collapsing returns July 6, 2022 The chairman of abrdn’s Chinese investment vehicle has pinned collapsing returns on Beijing’s controversial ‘zero-Covid-19’ stance and geopolitical woes. While the country is still considered to have significant growth prospects in the long-term, returns on assets in the country have plunged 23 per cent in the six months to 30 April, reversing a nearly 19 [...]
Govt slammed as ‘flat-footed’ as MPs warn famous British goods to suffer under post-Brexit UK-Australia trade deal July 6, 2022 A Commons committee has warned that some famous British goods could lose out under the UK trade deal with Australia. The International Trade Committee Chair criticised “flat-footed” Government negotiating tactics, as cross-party MPs flagged concerns that household-name British products are set to lose out under the first full trade deal to be signed since Brexit. [...]