Tory leadership: Tax row kicks off battle in earnest as Javid and Hunt hit back at Sunak July 10, 2022 THE BATTLE to become Prime Minister began in earnest this weekend with a row over whether Britain should cut taxes. There are now nine declared candidates to become Boris Johnson’s successors – with a tenth, foreign secretary Liz Truss, expected to join them later today or tomorrow. Yesterday saw a host of pledges to cut [...]
Tory latest: Javid and Hunt promise tax cuts as Shapps defends decision not to resign from Boris cabinet July 10, 2022 Press Association Sajid Javid has said his tax-cutting plans would cost around £39 billion per year, but this did not include slashing fuel duty further in the short-term. The Tory leadership candidate said he does not “believe in unfunded tax cuts”, adding: “I will be setting out in the next few days a scorecard which [...]
Next era is knocking: Possible runners and riders to replace Boris Johnson as Tory leader and PM July 10, 2022 Boris Johnson announced on Thursday he has agreed to step down as Prime Minister in September, following the resignation of Sajid Javid and Rishi Sunak on Tuesday and a wave of government resignations this week. Looking ahead, City A.M. zooms in on potential frontrunners to replace Johnson as Prime Minister. Rishi Sunak The former Chancellor’s [...]
Downfall of a Prime Minister: How handling of Chris Pincher scandal spiralled into Boris Johnson’s worst crisis July 10, 2022 An isolated Boris Johnson has agreed to leave Downing Street this September – following haemorrhaging support across the Tory ranks in the wake of the Chris Pincher scandal. The Prime Minister announced his resignation yesterday. After a dramatic wave of Government resignations this week and a slew of former allies withdrew their backing his political [...]
Musk v Twitter: Legal battle looms after billionaire pulls out of £37bn takeover July 10, 2022 Elon Musk may be gearing up for a lengthy legal battle after Twitter said it would be suing the billionaire for backtracking on his $44bn (£37bn) takeover.Musk accused the platform of breaching the terms of the takeover agreement as well as making “false and misleading representations.” “Sometimes Twitter has ignored Mr Musk’s requests, sometimes it [...]
Twitter plans to sue following Musk’s withdrawal from $44bn takeover July 9, 2022 Twitter has announced it will sue Elon Musk if he refuses to go ahead with his $44bn takeover. Chairman Bret Taylor said the company’s board was “committed to closing the transaction” agreed upon with the serial entrepreneur and it would plan “to pursue legal action to enforce the merger agreement.” Under the agreement’s terms, Musk [...]
Met Police names Commissioner to replace Dame Cressida Dick while force is in special measures July 8, 2022 Former counter-terrorism chief Sir Mark Rowley has been appointed as the new Metropolitan Police Chief. The move comes after the resignation of former top officer Dame Cressida Dick, and the force being put into special measures over its failings. The Met was in particular criticised over the death of Sarah Everard, who was kidnapped raped [...]
Race to replace Johnson: Two candidates confirm bids, as Mordaunt, Hunt, Zahawi, Javid, Sunak, Truss, Baker and Wallace consider chances July 8, 2022 Two candidates have confirmed they are running in the Conservative leadership election, while at least five others are tipped to enter the contest. So far, only attorney general Suella Braverman and Foreign Affairs Select Committee chair Tom Tugendhat have issued their intention to run. 24-hours after Johnson announced he would step aside, a YouGuv poll [...]
Boris and Carrie Johnson cancel plans to hold wedding party at Chequers July 8, 2022 Boris and Carrie Johnson are no longer planning to host a wedding party at Chequers, which was reportedly to be held at the property despite the Prime Minister entering his final days in office as caretaker leader. The pair married in a low-key, private ceremony at Westminster Cathedral last year. A small group of family [...]
1922 Committee treasurer: ‘Ship has sailed’ on PM leaving immediately but new leader should come in ‘as soon as possible’ July 8, 2022 A senior figure in the powerful 1922 Committee has said Boris Johnson should be ousted “as soon as possible”. Backbench MP Sir Geoffrey Clifton-Brown commented the Prime Minister’s position, after Johnson announced he would leave office soon in a speech outside Number 10 on Thursday. This comes after more than 50 resignation letters were submitted, [...]