Future of Bank of England’s Venezuelan gold back in spotlight after Maduro capture Politics The foreign secretary has signalled the Bank of England will continue to withhold $4.8bn of Venezuelan gold being held in its vaults, despite the dramatic toppling of the country’s autocratic ruler potentially paving the way to the reserves being returned. Addressing lawmakers late on Monday, Yvette Cooper suggested the government would continue its refusal to [...]
China’s London mega-embassy plan in limbo amid site security fears Politics China’s plans for a new mega-embassy in central London have been thrown into doubt amid mounting national security concerns that the proposed site sits directly above critical fibre-optic cables linked to the UK’s financial networks. The £750m project at Royal Mint Court, the former home of Britain’s coin-maker, located next to the Tower of London, [...]
China spying scandal: What the hell is going on? Video The head of MI5 warns that Chinese spying in the UK is taking place on “an epic scale” – yet the government can’t bring itself to describe China as a threat. What the hell is going on? Sir Ken McCallum, the Director General of MI5, doesn’t make many speeches in public. As one of Britain’s [...]
China spy row reveals a divided Whitehall October 7, 2025 The UK’s relationship with China has swung through various degrees of warmth in recent years, but there have been some recurring themes. When David Cameron and George Osborne hailed the “golden era” of UK-China relations more than a decade ago, critics accused the pair of naivety and even recklessness. Nick Timothy, who would go on [...]
Business chiefs would be ambassadors if Tories re-elected October 4, 2025 Business chiefs would be made ambassadors to represent the UK’s interests abroad if the Tories were re-elected into government. Leaders from the private sector would be part of a “cultural revolution towards commerce” under a Conservative government, according to shadow business secretary Andrew Griffith and shadow foreign secretary Priti Patel. In an article for the [...]
Keir Starmer pressed to ‘come clean’ on Mandelson sacking September 16, 2025 Prime Minister Keir Starmer has been pressed to “come clean” on how the sacking of former ambassador to the US Peter Mandelson unfolded and the process that led to his appointment last year. Starmer, who was not present at an emergency debate on Mandelson’s sacking on Tuesday, said on Monday that he would not have [...]
Rachel Reeves’ matchmaker moment July 23, 2025 Finance bros and gals are often seen oozing confidence as they strut their stuff around the streets of the City of London, imagining they’re the main characters on hit show Industry. But it would be a mistake to assume these investor strategists, expert consultants and risk analysts are libertarian dreamers, swashbuckling Reagan fanatics and small-state [...]
UK sanctions 25 targets in illegal migration crackdown July 23, 2025 The UK government has banned 25 people smugglers, fraudsters, and bankers in the first set of sanctions aimed at curbing illegal migration, putting pressure on countries across Europe and the Middle East to follow suit. The Foreign Office has disclosed the names of 24 individuals and one company it has accused of facilitating people-smuggling and [...]
UK government to sanction companies driving illegal migration July 22, 2025 The UK government is set to introduce a new sanctions regime targeting people smuggling gangs and rogue companies driving illegal migration as part of efforts to curb small boat crossings and stop modern slavery in the UK. In new reforms unveiled by the Foreign Office, individuals and companies responsible for irregular migration will see their [...]
Top bosses briefed by Foreign Office on global risks July 21, 2025 Top business executives are set to receive briefings from the Foreign Office on global risks including conflicts and trade tensions as part of a wider strategy to help UK firms expand overseas. Representatives of the Premier League, Lloyds Bank and PwC are among those attending a first-of-its-kind event at Lancaster House where leading diplomats are [...]