Exclusive: Rishi Sunak plans shake-up of worker ownership schemes June 4, 2023 Rishi Sunak and Jeremy Hunt are drawing up plans to revamp schemes designed to hand workers a stake in their employers, City A.M. can reveal. The Treasury will today ask businesses for their view on the effectiveness of government-sponsored programmes that steer staff toward taking stakes in their employer by offering financial incentives. The Prime [...]
‘Can’t come soon enough’: Will Sunak follow through on 2p tax cut reports? June 4, 2023 Rishi Sunak’s mooted plans to reduce the tax burden from a seven-decade high with a 2p cut in income tax ahead of the next election have been welcomed by Tory campaigners. Reports surfaced in the Sunday Telegraph that the PM – an ex-City banker – is keen to cut charges in order to incentivise work [...]
US debt ceiling: Joe Biden expected to sign legislation two days before deadline June 3, 2023 President Joe Biden is expected to sign legislation to raise the US debt ceiling, just two days before the US Treasury warned that the country would struggle to pay its bills. The bipartisan measure, which was approved this week by the US house and senate, eliminates the potential for an unprecedented government default. “Passing this [...]
Boris Johnson sends ‘all unredacted WhatsApps’ to Covid inquiry – going around the cabinet office June 2, 2023 Boris Johnson said he has sent “all unredacted WhatsApps” directly to the Covid-19 inquiry ahead of a legal clash between the probe and the Cabinet Office over access to the messages. The former prime minister told the inquiry’s chairwoman Baroness Hallett he would “like to do the same” with messages that are on an old [...]
Government preparing for legal fight with Covid inquiry (it set up) over Boris Johnson WhatsApp messages June 2, 2023 Ministers are preparing for a high-profile legal battle with the Covid-19 inquiry as the Government seeks to challenge the request for Boris Johnson’s unredacted WhatsApp messages and notebooks. Bereaved families and opposition parties hit out at the Government after the Cabinet Office took the highly unusual step of seeking a judicial review of inquiry chairwoman [...]
Watch: US President Joe Biden, 80, falls over after a speech June 2, 2023 US President Joe Biden fell over after giving a speech thanking US air force academy graduates for choosing “service over self”. He said they now have the “great privilege” of leading in a world that will only get more confusing in the years to come, and then stumbled on stage after handing out diplomas to graduates. “Graduates, [...]
Twitter may be worth a third of what Musk paid for it last year, figures show June 1, 2023 Twitter may now be worth one third of what Elon Musk paid for the social media platform just seven months ago, figures show. Financial services company Fidelity has reduced the market value of its equity stake in Twitter for a third time, now putting it at $6.55m (£5.28m). That is down from the nearly $20m [...]
Could JP Morgan boss Jamie Dimon run for President of the United States? Billionaire investor Bill Ackman thinks so June 1, 2023 Billionaire investor Bill Ackman has argued that JP Morgan boss Jamie Dimon should run for president after comments earlier this week suggesting Wall Street’s longest-serving bank boss would consider running. In a tweet, Ackman said “we need an exemplary business, financial, and global leader to manage through what is likely to be a critically important [...]
FCA urges Woodford’s burnt investors to ‘seriously consider’ £235m redress deal June 1, 2023 The Financial Conduct Authority has urged Neil Woodford’s burnt investors to “seriously consider the offer on the table” after it struck a redress deal with the fund’s administrator earlier this year.
ULEZ: Khan expands vehicle scrappage grants to help London businesses cope June 1, 2023 Sadiq Khan will extend grants to small businesses so they can replace vehicles which don’t meet emissions standards, ahead of August’s expansion of the controversial ULEZ scheme. The London mayor intends to expand the £110m ‘scrappage scheme’ from the end of July, with “tens of thousands more Londoners” to benefit as the Ultra Low Emissions [...]