Calls for audit reform grow after ISG found to owe £1bn November 3, 2024 Construction giant ISG collapsed with debts over a billion pounds, newly published filings have shown, prompting fresh calls for audit reform. ISG, which specialised in delivering government contracts projects like London’s velodrome, went bust in September after attempts to secure a rescue deal failed. The demise of ISG was the largest and most significant collapse [...]
Fujitsu won £1.4m in public contracts since pledge to stop bidding November 3, 2024 Fujitsu, the firm at the heart of the Post Office scandal, has been given £1.4m in public sector contracts since it pledged to stop bidding for them. The technology company voluntarily agreed in January not to bid for any further awards until the Post Office inquiry had been concluded. However, the commitment did not cover [...]
Lime ‘ready’ for IPO, says boss November 3, 2024 A Lime initial public offering (IPO) would come despite scrutiny over the sturdiness of the micromobility sector's finances.
Bank of England set to lower interest rates as Budget dampens bets for 2025 November 3, 2024 The Bank of England is expected to lower interest rates this week, while markets are betting on fewer cuts next year after forecasts suggested the new government's first Budget will push up inflation.
Reeves to lay out pensions overhaul in Mansion House speech November 3, 2024 Rachel Reeves will reportedly propose an overhaul of Britain's pension fund industry in her first Mansion House speech as the government tries to unlock billions of pounds worth of investment.
Chancellor: I was ‘wrong’ on taxes during election November 3, 2024 Chancellor Rachel Reeves has said she was “wrong” when she said during the election campaign that she would not need to raise taxes, but insisted further increases will not be needed.
Breaking Badenoch: Why Kemi’s position is already precarious November 2, 2024 Kemi Badenoch has won the Conservative leadership with a policy-light campaign, but if she’s really committed to radical change as she says, she won’t be able to appease all wings of the party for long, says William Atkinson The greatest Tory defeat came not on 4 July this year, but on 24 December 1688. That [...]
What will be the top issues facing Kemi Badenoch as leader of the Conservatives? November 2, 2024 Badenoch will be at the helm as the party tries to recover in the wake of the July general election result, but what are going to be the immediate issues facing the Tories?
Kemi Badenoch wins Tory leadership election November 2, 2024 Kemi Badenoch has been elected leader of the Conservative Party. The former business secretary was declared the winner at an event in central London on Saturday, defeating rival Robert Jenrick by 53,806 votes to 41,388. She becomes the first black woman elected to lead a major British political party, and the fourth woman to lead [...]
New Conservative Party leader to be crowned November 2, 2024 Kemi Badenoch or Robert Jenrick will be crowned as the new Conservative Party leader on Saturday, as the four-month-long race to replace Rishi Sunak reaches the finish line. The result of the leadership ballot is expected to be announced late in the morning, with the members’ ballot having closed on Thursday. The winner will be [...]