Rishi Sunak will donate Goldman Sachs salary to charity July 8, 2025 Former Prime Minister Rishi Sunak has rejoined Goldman Sachs as a senior adviser, adding to post-government roles he holds while still sitting as an MP, though his salary from the investment banking giant will be donated to a maths charity. Sunak worked at Goldman Sachs as a summer intern in 2000 and as an analyst [...]
Downing Street flirts with wealth tax despite exodus fears July 7, 2025 The UK’s unprecedented exodus of wealthy people could be set to accelerate after the government opened the door to introducing a wealth tax, following calls for such a move by former Labour Party leader Neil Kinnock and a host of union leaders. Chancellor Rachel Reeves has all but conceded that taxes will have to rise [...]
Badenoch: Welfare ‘fudge’ driven by ‘panic not principle’ July 1, 2025 Kemi Badenoch has branded Labour’s welfare reforms a “fudge” that will fail to curb the government’s spiralling welfare bill on health and disability benefits. MPs are set to vote on work and pensions secretary Liz Kendall’s welfare bill aimed at getting more inactive Brits back into the national workforce by changing eligibility for personal independence [...]
Government urged to add AI minister to every department June 10, 2025 The UK government has been urged to create an AI oversight body with ministerial posts dedicated to advanced technology, with former Tory leader William Hague calling on the “very structures of government” to be re-imagined in the coming years. A new Policy Exchange report calls on the government to create a new Office for Superintelligence [...]
Zonal pricing proposals backed by peers June 5, 2025 Plans to introduce a “zonal pricing” regime to the UK’s electricity market have been backed by an influential group of Lords. A report from the Industry and Regulators Committee found regional pricing “should enable better use of existing grid capacity” and lower the cost of electricity, provided the transition and its risks are “managed well.” [...]
Thames Water mess could soon swamp ministers – and taxpayers June 4, 2025 Water takes the path of least resistance, and so – on this occasion as least – does private equity. Apparently deterred by the increasingly hostile political and regulatory environment KKR, the US giant which secured ‘preferred bidder status’ for a takeover of Thames Water, pulled the plug on its £4bn investment over the weekend. They [...]
Downing Street denies lobbying for Trump Turnberry to host Open in 2028 April 29, 2025 Downing Street says the selection of hosts of the Open is a matter for the organisers amid claims US President Donald Trump has made repeated requests to Sir Keir Starmer for golf’s oldest major to be held at his Turnberry course in 2028. The Prime Minister’s official spokesman did not deny that Whitehall officials had [...]
British Steel: No 10 won’t rule out future Chinese involvement in steel making April 14, 2025 No 10 has declined to rule out future Chinese involvement in steel making, amid a race to keep the British Steel furnaces alight in Scunthorpe. The UK government has now said it is “confident” it will beat a race against time to keep the site running after taking control of the plant from Chinese owners [...]
British Steel: No10 ‘confident’ it will secure materials to keep plant running April 14, 2025 The UK government is confident it will beat a race against time to keep the British Steel furnaces running after taking control of the plant from Chinese owners Jingye this weekend. Civil servants and steel workers were rushing to secure the raw materials to keep the Scunthorpe site’s furnaces going – which supply Network Rail [...]
US tariffs: Reeves stresses ‘imperative’ to improve UK-EU trading relations April 9, 2025 Rachel Reeves has stressed it is “imperative” for the UK to improve its trading relationship with the European Union (EU), amid US President Donald Trump’s global trade tariff war. The Chancellor’s comments emerged in an interview with the Financial Times (FT) ahead of a crucial summit with EU leaders in London next month. Reeves told [...]