Car crash interview: City minister trips up over £10bn infrastructure project June 16, 2025 City minister Emma Reynolds was flummoxed by a series of questions about the government’s recent infrastructure announcements in a variously tense and cringe-inducing interview on LBC on Monday morning. Just seconds into the exchange with Nick Ferrari, Reynolds misspoke and called the Dartford Tunnel – in Kent – the Dartmouth Tunnel – in Devon – [...]
Government set to slash red tape for investment industry March 5, 2025 The government is set to launch a consultation aiming to slash red tape from the alternative investment industry, City AM understands. City minister Emma Reynolds is set to launch the consultation, which will begin in the coming weeks, while addressing top brass in the private equity and venture capital sector later today. Speaking at a [...]
Former City minister Bim Afolami joins QCA with ‘unfinished business’ February 13, 2025 Former City minister minister Bim Afolami has joined the Quoted Companies Alliance board, in a ‘coup’ for the trade body that supports smaller and medium-sized listed companies. The former Tory MP and minister responsible for the Square Mile will sit on the QCA’s board, as it works to champion Britain’s small and medium-sized publicly traded [...]
No 10 won’t confirm new City Minister’s role in China policy January 15, 2025 Downing Street has declined to confirm whether new City minister Emma Reynolds will be able to make decisions about the UK’s relationship with China. She was appointed to the post of economic secretary to the Treasury yesterday, after Tulip Siddiq resigned over allegations of corruption linked to the former government in Bangladesh. Bloomberg reported that [...]
The runners and riders to replace under-fire City minister Tulip Siddiq January 10, 2025 Downing Street is reportedly weighing up a number of potential candidates to replace Tulip Siddiq as her position as City minister comes under increasing pressure. Siddiq, the niece of ousted Bangladeshi leader Sheikh Hasina, has been in the headlines since last month when she was named in an investigation into whether her Bangladeshi family embezzled [...]
Pressure mounts as Bangladeshi authorities request Tulip Siddiq’s bank details January 7, 2025 Bangladesh’s anti-money laundering agency has demanded information on the bank accounts and transaction records of the UK’s City minister as part of a probe into allegations that her family embezzled billions from major infrastructure deals in Bangladesh. Tulip Siddiq, whose remit includes tackling corruption in business and finance, is accused by Bangladeshi authorities of having [...]
Tulip Siddiq reportedly given London flat linked to deposed Bangladeshi leader January 4, 2025 City minister Tulip Siddiq was reportedly given a London flat by a person with links to the deposed Bangladeshi leader. Siddiq, who serves as economic secretary to the Treasury with a brief including “countering economic crime, money laundering and illicit finance” was reported to have been given the two-bedroom property near King’s Cross in 2004, [...]
City Minister Tulip Siddiq named in Bangladeshi corruption probe December 19, 2024 The City minister has been named in an investigation into whether her Bangladeshi family embezzled nearly £4bn from energy and major infrastructure deals. Tulip Siddiq, whose ministerial remit includes tackling corruption in financial markets, is accused of having helped broker a deal with Russia for a nuclear power power plant in Bangladesh 11 years ago [...]
City minister warned FCA ‘several times’ over name and shame plans November 29, 2024 The City minister said she warned the Financial Conduct Authority (FCA) “several times” that its controversial ‘name and shame’ rules could harm companies before the regulator moved to water down the plans. Following intense criticism from firms and ministers, the regulator confirmed on Thursday that it would soften plans to publicly name companies facing investigation [...]
City minister pledges to work ‘together’ with private equity as tax hike looms September 12, 2024 The City minister pledged to work “together” with the private equity industry today but steered clear of mentioning a looming tax hike which could put the sector on a collision course with the Treasury. In a speech at the British Private Equity and Venture Capital Association’s (BVCA) annual summit, Tulip Siddiq said private capital would [...]