Boris Johnson rules out £20bn bridge between Scotland and Northern Ireland November 21, 2021 Prime Minister Boris Johnson has abandoned plans for a bridge or tunnel that would have connected Northern Ireland and Scotland. Johnson, a lover of grand infrastructure projects, heavily downplayed the prospects that the concept would ever get off the ground, downgrading it to merely an “ambition” that was “too expensive.” Johnson faced some derision after [...]
British Business Bank’s oversight of Greensill was ‘woefully inadequate’ with £335m of taxpayers’ money at risk November 20, 2021 A new report has warned that up to £335m of taxpayers’ money is at risk due to failures by the British Business Bank to properly scrutinise bust lender Greensill Capital. The Public Accounts Committee of MPs found that the bank, which oversaw the billions lent to businesses during the pandemic in loans backed by the [...]
Founder of tech firm where David Cameron chaired advisory board steps down after sexual assault claims November 19, 2021 The founder of a tech group at which former prime minister David Cameron was an adviser has stepped down amid allegations of sexual harassment. Zia Chishti, who founded Afiniti, was accused this week of pressuring a former employee into having sex with him on a business trip, when it was also alleged he beat her. [...]
MP register update shows Boris Johnson used Heathrow lounge and Geoffrey Cox pocketed another £54k November 19, 2021 The latest update to the register of MPs’ interests shows that Prime Minister Boris Johnson was given use of the Windsor Suite at Heathrow Airport for three people on October 7, before he flew to Marbella on holiday. The Windsor Suite is a VIP lounge at Heathrow and has been used by royals including the [...]
EY faces mounting staff backlash over sexual harassment case November 18, 2021 EY has come under fire from its own workforce for allowing a partner to retain his job after sexually harassing a junior female colleague on a company ski trip, according to reports. The accounting giant told staff it would do more to tackle inappropriate behaviour, following the case of Neil Hutt, a transactions partner who [...]
TfL: Network planning for “managed decline” and return to 1970s without Whitehall funding November 18, 2021 LONDON’S transport network is headed for “managed decline” that will echo the 1970s if central government refuses to fill a growing funding black hole. Late on Wednesday evening, TfL’s finance committee published the bleakest assessment yet of the future of London’s public transport network, outlining an 18 per cent reduction in bus services and a [...]
Many Tory MPs furious as Boris Johnson admits he ‘crashed the car’ in Tory sleaze row November 18, 2021 Prime Minister Boris Johnson urgently needs to rebuild public trust after admitting he “crashed the car into a ditch” in the row over standards at Westminster, according to warnings from his own MPs. Deputy Prime Minister Dominic Raab insisted ministers are committed to “fixing the problem” amid continuing frustration and anger among Tory MPs at [...]
Tesla shares go up following Musk’s latest offloading November 17, 2021 Tesla shares have gone up to $1,063.51 at market opening time after Elon Musk sold a further $973m worth of stocks to pay taxes. According to SEC filings, Musk bought 2.1 million shares worth $2.2bn at yesterday’s closing price of $1,054.73, offloading around 934,000 of his holdings on the same day. Since abiding by a [...]
Billionaire Richard Branson sells off another $300m stake in Virgin Galactic November 16, 2021 British billionaire Richard Branson has sold off a further $300m worth of stock in his space venture Virgin Galactic, taking the total offloaded this year to some $600m. The unlocked capital is reportedly set to be pumped into Branson’s travel and leisure businesses, after emergency pandemic restrictions bruised profits. Shares sank more than four per [...]
Tory MP Caroline Nokes and New Statesman journalist accuse Boris Johnson’s father Stanley of touching them November 16, 2021 Stanley Johnson, the Prime Minister’s father, is accused of inappropriately touching a senior Tory MP and a journalist. Caroline Nokes said the elder Johnson forcefully smacked her on the backside and said she has “a lovely seat” in 2003 ahead of him running to be a Tory MP. Johnson declined to comment about her allegation [...]