Tory row erupts over response to US green subsidies after Hunt refuses to go ‘toe to toe’ with Biden March 30, 2023 Conservative MPs are divided over plans for the UK’s response to the US green subsidies scheme after the Chancellor said Britain would not go “toe to toe” with president Joe Biden. Net zero secretary Grant Shapps today unveiled proposals to ‘power up’ Britain with new energy security measures, in what was expected to be a [...]
Treasury hunts for a new cybersecurity boss – guess how little they are paying? March 30, 2023 Protecting the UK Treasury from a whole host of cyber threats sounds like quite an important role, and one that you might think warrants a decent salary in order to secure someone with the technical skill and professional track record who is able to take on the task. Well, not quite. Despite claiming the UK [...]
No new taxes: Labour’s Reeves pledges not to increase CGT limit March 30, 2023 Labour does not plan to increase capital gains tax, shadow chancellor Rachel Reeves has indicated, despite deputy leader Angela Rayner appearing to suggest rates were too low. Prime Minister Rishi Sunak last week released a summary of his tax affairs, which showed that his tax rate was about 22 per cent because most of his [...]
Backlash from over 50s may force government to delay increase in state pension age to 68 until after election March 30, 2023 Plans to increase the state pension age to 68 have been delayed, according to reports. Work and Pensions Secretary Mel Stride is expected to address MPs in the Commons on Thursday, when he is expected to update them on the latest statutory review on the pension age. According to reports in the i and the [...]
Ed Warner: Is China about to bring Russia and its athletes in from the sporting cold? March 30, 2023 The war in Ukraine doesn’t look like ending any time soon. Just as Russia is recalibrating its geopolitical and industrial relations, so the prospect of a conflict stretching years into the future will necessitate a realignment of its place in the sporting world. Asia’s warmth towards the Kremlin points a way back into the international [...]
Labour and Tory governments shun £500bn of investment for UK economy since 2000 March 30, 2023 Britain has missed out on £500bn of public investment this century as a result of successive Labour and Conservative governments trimming capital spending to balance the books, a new report out today claims. Since the turn of the millennium, the UK has injected around 2.5 per cent of gross domestic product (GDP) of public investment [...]
Keir Starmer’s ban on Jeremy Corbyn has all but guaranteed he’ll win again March 29, 2023 Jeremy Corbyn being banned as a candidate for Labour at the next election is the best campaign footing he could have asked for – as an independent. He won the leadership against the odds in 2015 as an outsider within the party. Now he will be an outcast from Labour, but in reality, he’s still [...]
JP Morgan’s Jamie Dimon to be deposed in Epstein case, plaintiffs’ lawyer says March 29, 2023 JP Morgan chief executive Jamie Dimon will be interviewed under oath in connection with the bank’s relationship with Jeffrey Epstein, the late sex offender and a former client, a lawyer involved in the litigation said on Tuesday. The deposition is expected to occur in early May, according to Brad Edwards, a lawyer representing women who [...]
Superloop or ‘Superflop’? Khan unveils £6m bus network connecting outer London ahead of ULEZ expansion March 28, 2023 Sadiq Khan has unveiled plans for a new “Superloop” orbital bus network linking services around outer London. Express bus routes on the network will have limited stops, faster journey times and connect outer London, City Hall says. The mayor of London is funding £6m towards the scheme, but TfL says it will cost much more. [...]
Twitter shakeup: What features will Elon Musk scrap for users who refuse to pay for a tick? March 28, 2023 Twitter is set to scrap features for users who do not pay a monthly fee for a blue tick verification, according to new rules shared by billionaire owner Elon Musk. Users of the social media platform who want to remain verified can pay up to 11 US dollars (£8.93) a month as part of Mr [...]