Ashley’s empire grows: Frasers picks up nearly 20 per cent of retailer AO World June 12, 2023 Mike Ashley's Frasers Group has invested £75m in electronic retailer AO World, taking a stake of almost 20 per cent in the business.
Ex-Barclays boss: Banks must adapt or face ‘slow decline’ under pressure from tech firms June 12, 2023 Ex-Barclays boss Antony Jenkins has warned established banks that they could be in a “world of very slow decline” if they failed to adapt to new technologies. Speaking to City A.M., Jenkins said “this industry is really on the brink of having to undergo radical transformation if it’s going to remain relevant to its customers.” [...]
Shock result as Paul Scully MP fails to make Tory mayoral candidate shortlist June 11, 2023 Conservative MP Paul Scully has failed to make it onto his party’s shortlist in the race to take on Sadiq Khan for mayor of London. The upset saw the minister for London – widely thought of as the likely Tory favourite – snubbed in favour of assembly member Susan Hall, former No 10 advisor Daniel [...]
Cabinet minister claims politics has ‘moved on’ from Boris Johnson June 11, 2023 Politics has “moved on” from the drama of Boris Johnson, a senior cabinet minister has claimed amid a row over the former prime minister’s resignation as an MP and honours list. Energy secretary Grant Shapps told Sky News’s Sophy Ridge on Sunday that while former London mayor Johnson possessed “many qualities”, No 10 was under [...]
Labour would slash planning red tape in green energy bid June 11, 2023 Labour would slash planning regulations in a reported bid to boost Britain’s green energy construction of wind farms and nuclear plants.
Nicola Sturgeon released without charge after arrest over SNP finance probe June 11, 2023 Nicola Sturgeon has been released without charge pending further investigation following her arrest in the police investigation into the SNP’s finances. The former SNP leader and first minister was arrested on Sunday and taken into custody “by arrangement” with Police Scotland, where she was questioned by detectives. In a statement, Sturgeon said the experience was “deeply distressing”. [...]
“Writing on the wall”: Boris advisor on why ex-PM quit Parliament June 10, 2023 Boris Johnson has been accused of being a coward for quitting as an MP before the findings of a cross-party investigation into whether he lied to the Commons has been published. Angela Rayner, Labour’s deputy leader, said the former prime minister had “jumped” to avoid facing a potential by-election in his marginal constituency. Mr Johnson [...]
London workers are £50,000 worse since 2010 due to wage stagnation, Sadiq Khan report claims June 9, 2023 Workers in London are £50,000 worse off since 2010 due to “scandalous” poor wage growth over the past decade, according to a new report. An analysis from London Mayor Sadiq Khan suggested that workers in the capital have lost thousands of pounds every year as their salaries have failed to keep pace with inflation. In [...]
‘Economic stability must come first’: Labour’s Reeves backtracks on £28bn green prosperity plan June 9, 2023 Labour has backtracked on its £28 billion green prosperity plan, saying “economic stability” must come first if it wins the next election. Shadow chancellor Rachel Reeves said the Opposition could not commit to spending figures until the financial situation it would inherit becomes clearer. The party had promised in 2021 to invest £28 billion a [...]
Sunak urged to stop Johnson handing a ‘carousel of cronies’ honours June 9, 2023 Labour has renewed calls for Rishi Sunak to stop Boris Johnson handing honours to a “carousel of cronies” amid speculation the list could be published imminently. Shadow immigration minister Stephen Kinnock said the Prime Minister had “caved in” to appease warring factions within the Conservative Party by reportedly accepting his predecessor’s recommendations. The list, which [...]