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      Threats to financial system ‘on steroids’ after AI boom, FCA chief warns

      Nikhil Rathi, chief executive of the FCA.

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Politics

  • Biden: US has taken ISIS leader “off the battlefield” in special forces operation

    February 3, 2022

    US President Joe Biden has said American military forces have “taken off the battlefield” the leader of ISIS. Abu Ibrahim-al Hashimi al-Qurayshi was targeted in an operation in northwest Syria. “All Americans have returned safely from the operation. I will deliver remarks to the American people later this morning. May God protect our troops,” the [...]

  • Sunak unveils £9bn package to slash £350 off energy bills this year

    February 3, 2022

    The “vast majority” of households will get government help on their energy bills to the tune of £350 to partially offset soaring prices as a part of a £9bn package announced by Rishi Sunak today. The announcement comes as Ofgem today announced an increase in the energy price cap from April, which will mean the [...]

  • Rishi Sunak to offer council tax rebates and cuts to protect households from rising energy bills

    February 3, 2022

    The Treasury is preparing a council tax rebate scheme as part of Chancellor Rishi Sunak's plans to ease the pressure on UK households this spring.

  • Europe racks up over £430bn in climate-related losses since 1980

    February 3, 2022

    Europe has racked up climate-related losses of between £375bn and £433.5bn since 1980, according to the European Environment Agency (EEA). In a new report on the economic impacts of extreme weather and climate across the EEA’s 32 member states, Germany, which suffered catastrophic floods last July, was found to have swallowed the highest losses between [...]

  • CMA slaps pharma firms with £35m fine for illegal anti-nausea tablet arrangement

    February 3, 2022

    Four pharmaceutical firms have been hit with an eye-watering £35m fine for an illegal arrangement in the supply of prescription NHS tablets.

  • Northern Ireland minister calls for food border checks to end at midnight as Brexit row heats up

    February 2, 2022

    Irish Sea border checks on British agri-food exports to Northern Ireland have been ordered to stop from midnight tonight by the Democratic Unionist Party, undermining the hard Irish border. Agriculture minister Edwin Poots has called on his officials to halt the checks, which are required under the Northern Ireland Protocol. Poots has initially made the threat [...]

  • Editorial: TfL deal needed as you can’t grow the UK with London in gridlock

    February 2, 2022

    It is a strange and perverse mark of this government that it seems thoroughly uninterested in Britain’s most successful industries. Financial services were broadly absent from the treaty with the European Union, and barely feature in the post-Brexit discussions instead dominated by debates over our mackerel catch. It seems in a semi-permanent state of war [...]

  • Levelling up: Khan says ‘deprived’ London areas need funding as much as the North

    February 2, 2022

    Sadiq Khan has said London’s poorest boroughs are “some of the most deprived” in the UK and need funding just as much as the North in response to the government’s newly unveiled levelling up white paper. The mayor of London said he welcomed the new policy plan to help left behind areas in the North [...]

  • Two more Tory MPs send in letters of no-confidence in Boris Johnson

    February 2, 2022

    Tory MPs Tobias Ellwood and Anthony Mangnall have called for the resignation of Boris Johnson today, with both revealing they will send in letters of no-confidence in the Prime Minister’s leadership of the Tory party. Ellwood, who is MP for Bournemouth East and chair of the Defence Select Committee, said it was  “time to resolve [...]

  • Starmer ramps up attacks on ‘high tax’ Boris Johnson and Rishi Sunak

    February 2, 2022

    Sir Keir Starmer has renewed attacks on Boris Johnson for overseeing a series of tax rises, saying that the Prime Minister is targeting “working people” as inflation soars. The Labour leader today said Johnson and chancellor Rishi Sunak were like a “Tory Thelma and Louise, hand-in-hand as they drive the country off the cliff and [...]

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