Starmer rejects ‘great rail betrayal’ tag – but refuses to commit to HS2 in full September 22, 2023 Sir Keir Starmer has insisted he is not guilty of the “great rail betrayal” that Labour has accused the Government of by not committing to building HS2 in full. Chancellor Jeremy Hunt has said the costs of the high-speed rail project to the North are “getting totally out of control” as Rishi Sunak refuses to [...]
Mike Ashley’s Frasers Group drags Morgan Stanley boss to court seeking £50m in damages September 22, 2023 Mike Ashley’s Frasers Group has dragged the chief executive of Morgan Stanley into a UK legal battle over a $1bn (£814m) margin call regarding Hugo Boss trade. In a New York court filing lodged earlier this week, seen by The Telegraph, the retail group asked the court to make James Gorden hand over documents and [...]
Jeremy Hunt: Tax cuts ‘virtually impossible’ until economy improves September 22, 2023 Chancellor Jeremy Hunt has shot down suggestions of tax cuts after a string of economic updates this week, saying they’re “virtually impossible” until there’s more improvement. Speaking on LBC this morning, the chancellor responded to suggestions that falling inflation and rates being held yesterday, may give headroom to ease the burden on cash-strapped Brits this [...]
Labour: Reeves pledges to beef up OBR so tax and spending plans get more scrutiny September 22, 2023 A new Labour government would strengthen the fiscal watchdog in order to "bring growth and stability back to Britain's economy", the party announced today.
Sadiq Khan announces London Policing Board to help scrutinise the Met September 22, 2023 The Mayor of London Sadiq Khan has said representatives from communities with “the lowest levels of trust in the Met” will help him scrutinise the force. The brother of Stephen Lawrence, who was killed in a racially motivated attack in 1993, Stuart Lawrence and retired Metropolitan Police officer Neil Basu are among those who have [...]
Lettuce remember: One year on from Liz Truss’ disastrous mini-budget September 22, 2023 One year on from the mini-budget, City A.M. takes a look at the fallout and asks whether Truss still has the ability to influence the Conservative Party going forward.
Brits split over Sunak’s net zero delays, poll reveals September 21, 2023 The British public is divided over Rishi Sunak’s decision to delay some of the UK's net zero plans, fresh polling by YouGov has revealed.
Net Zero: Labour pledge to reinstate 2030 ban on new petrol and diesel vehicles September 21, 2023 The Labour Party has pledged it would reinstate the ban on the sale of new petrol and diesel cars from 2030 if elected into government.
Jeremy Hunt to woo US tech firms on west coast tour September 19, 2023 Jeremy Hunt will meet with technology and creative firms on the west coast of the United States as part of efforts to make Britain the “next Silicon Valley”. The Chancellor will hold talks with tech giants including Microsoft, Amazon and Alphabet in Los Angeles, San Francisco and Seattle as he seeks to boost investment in [...]
Biden urges world leaders to stand up to Russia over Ukraine September 19, 2023 President Joe Biden urged world leaders to stand up to Russia, warning no nation can be secure if “we allow Ukraine to be carved up”.