D-Day for Rishi Sunak: What do City insiders expect from the Autumn Budget? October 27, 2021 In today’s Autumn Budget, Chancellor Rishi Sunak will outline how he plans to “drive growth while keeping the public finances on a sustainable path”. City A.M. checked in with a number of Square Mile professionals this morning to see what they hope or expect the Budget will bring today. VAT Yesterday the news broke that there will [...]
Biden nominates permanent chair giving Democrats new FCC majority October 27, 2021 President Joe Biden announces his nominees to the Federal Communications Commission (FCC), including designating acting Chair Jessica Rosenworcel as a permanent chair.
Government U-turns over water firms dumping sewage in English rivers October 27, 2021 The government has U-turned its decision to block legal obligations being placed on water firms dumping raw sewage into English rivers. This follows an escalating row between ministers and backbench Conservative MPs after they were told to vote down the House of Lords’ amendment to the Environment Bill. Parliament’s upper house had pushed through an [...]
Today’s Budget: Sunak’s dilemma of greater spending vs balancing the books October 27, 2021 Later today, Chancellor, Rishi Sunak will reveal the government’s tax and spending plans in the 2021 Budget. It is widely expected Sunak will focus on support for businesses and individuals in the aftermath of Covid 19. Spreading the wealth around the UK with the government’s ‘levelling up’ promises, as well as its plans for greener energy [...]
Whistleblower: Julian Assange to see UK appeal hearing over US extradition October 27, 2021 High profile whistleblower Julian Assange is due to have his UK appeal hearing, scheduled for 27 to 28 October, which could determine whether he will be extradited to the US. Australia-born Assange’s US charges allege that he conspired with a whistleblower, army intelligence analyst Chelsea Manning, to illegally obtain classified information. “Assurances by the US [...]
Budget: Sunak advised to take inspiration from Biden to avoid ‘failures of the past’ October 27, 2021 Chancellor Rishi Sunak should take inspiration from US president Joe Biden to avoid “failures of the past.” Ahead of today’s Budget, Ian Blackford said he fears “more of the same” from the Chancellor after a decade of austerity under Conservative governments. And the SNP Westminster leader insisted the UK should look towards the response of [...]
Budget: Rishi Sunak’s ‘age of optimism’ boosted by higher growth forecast post-Covid October 27, 2021 The Chancellor is planning to strike an upbeat tone as he talks up building a “stronger economy of the future” in his Budget, later today, with the promise of rising wages, cash for the NHS and investment into regional transport projects. Rishi Sunak will hail a “new age of optimism” and he will have more [...]
Sunak to hail Budget as ushering in ‘new post-Covid economy’ but Brits await detail October 27, 2021 Billions of pounds of funding for the NHS and wage rises for millions of workers will make Rishi Sunak hail his Budget as ushering in a “new economy” after the coronavirus pandemic. The Chancellor is to bill his tax and spending plans today as preparing an “economy fit for a new age of optimism” as [...]
Budget Day: All eyes are on Rishi Sunak’s tax and spending plans October 27, 2021 With all the briefings that have been taking place since the weekend there would appear to be little in the way of surprises when the Chancellor of the Exchequer gets up to speak later today. Most of the content appears to have already been pre-briefed much to the displeasure of the Speaker of the House [...]
China shut out of UK nuclear plans as Kwarteng sets out new funding model October 26, 2021 The UK’s nuclear energy programme is being revitalised with a rebooted funding model to shut out Chinese companies and replace its ageing power facilities. Business secretary Kwasi Kwarteng has announced The Nuclear Energy (Financing) Bill ahead of the Budget today. The UK will now utilise the Regulated Asset Base (RAB) to front-load costs to consumers [...]