New Attorney General named to cover Suella Baverman’s maternity leave March 2, 2021 Conservative MP Michael Ellis QC has been temporarily made Attorney General while Suella Braverman is on maternity leave. Braverman is due to be on maternity leave for six months, during which Ellis will take up the reins in her absence. Ellis, who was elected Conservative MP for Northampton North in May 2010, was officially made [...]
Khan accused of cutting affordable housing by two thirds despite £4bn grant March 2, 2021 Sadiq Khan has been accused of not delivering on his affordable housing promise today by proposing to cut City Hall housebuilding by nearly two-thirds, despite receiving a third of the UK’s affordable housing budget. The latest figures reveal the mayor’s 2021-26 housebuilding programme will only build 35,000 new affordable homes using the government’s £4.82bn grant. [...]
Boris Johnson rules out meat and carbon taxes ahead of COP26 climate pledges March 1, 2021 Prime Minister Boris Johnson has categorically ruled out introducing new levies on meat or carbon despite his net zero targets
Elizabeth Warren’s proposed billionaire’s wealth tax would rake in ‘$78bn from just 100 people’ March 1, 2021 US Wealth tax bill aims to reverse economic downturn caused by Covid-19
Warren Buffett’s Berkshire Hathaway sees profit rise on stock market charge February 27, 2021 Warren Buffett’s Berkshire Hathaway said that a surge in prices of stocks like Apple had taken the investment firm to a profit of $36bn. The Nebraska-headquartered firm said that quarterly income rose 14 per cent to $5bn, while net income jumped 23 per cent to $35.8bn. The firm has been the beneficiary of a stock [...]
Biden’s $1.9 trillion Covid stimulus package passed by Congress February 27, 2021 President Joe Biden scored his first legislative win as the House of Representatives passed his $1.9 trillion coronavirus relief package early on Saturday morning, though Democrats faced challenges to their hopes of using the bill to raise the minimum wage. Democrats who control the chamber passed the sweeping measure by a mostly party-line vote of [...]
US governors urge Biden to pressure semiconductor firms on global shortage of automotive chips February 26, 2021 A bipartisan group of eight governors from U.S. automotive states urged President Joe Biden today to do more to press semiconductor firms to address a global shortage of automotive chips that has cut some vehicle production. Governors of Michigan, Indiana, Ohio, Kentucky, Kansas, South Carolina, Alabama and Missouri co-wrote a letter to Biden asking him [...]
US to maintain Trump decree aimed at limiting China tech deals February 26, 2021 The Biden administration plans to maintain new rules that were introduced by former President Trump take effect despite US business objections, according to the Wall Street Journal this evening. The rules focus on technology mergers and acquisitions. The rule, initially proposed in November, will allow the US Commerce Department to ban technology-related business deals that it [...]
PM says remote working won’t be the new normal February 26, 2021 PM Boris Johnson said Britain is not facing a new age of remote working. In a video message today Johnson said British people would be “consumed again” by wanting to meet people in person once the economy reopens, and that this would have clear benefits for business. He added people will be commuting to city [...]
US distances itself from Saudi Arabia as White House mulls arms restrictions, Khashoggi sanctions February 26, 2021 The Biden administration is recalibrating its relationship with Saudi Arabia, one of the United States’ closest allies in the Middle East. A State Department official reportedly told congress earlier today that it will be announcing new sanctions on Saudi Arabia in response to the killing of Saudi journalist Jamal Khashoggi. The Biden administration also declassified [...]