Falling yields take edge off UK borrowing costs but City’s eyes are on Rishi Sunak October 25, 2022 The rebound seen over the course of the last couple of days appears to be being driven by a sharp fall in bond yields, at least in European markets with the sharp drop in UK gilt yields marking the unwind in premium that we saw in the aftermath of the market turmoil post the UK [...]
Happening today: Truss’ last cabinet meeting, Sunak to meet King Charles and form cabinet October 25, 2022 This morning Liz Truss will hold her final cabinet meeting as Prime Minister before Rishi Sunak meets King Charles and starts to form his cabinet. Sunak will become the youngest prime minister in more than 200-years, after being appointed Tory leader yesterday following rival Penny Mordaunt dropping out of the race. The outgoing PM will [...]
Dishy Rishi has a lot on his plate and there’s little time to waste October 25, 2022 Rishi Sunak may not have lots of time on his hands, but one book is perhaps worth reading. In his recent tome Stupid Bankers, Irish author Paul Kilduff makes the case that sometimes – just sometimes – it really can be one individual that changes the course of financial history. Nick Leeson, for instance, crashed [...]
UK borrowing costs fall after Sunak wins race to No 10 October 24, 2022 UK borrowing costs fell sharply today after former chancellor Rishi Sunak seized the keys to Number 10 following leadership contender Penny Mordaunt’s withdrawal. Yields on the 10-year gilt fell around 30 basis points today to below four per cent. Yields and prices move inversely. They had been falling in early morning trading after Boris Johnson [...]
UK headed for ‘deep recession’ on political turmoil and soaring interest rates October 24, 2022 The UK could be hurtling toward a “deep recession” caused by a mixture of political turmoil and soaring prices forcing the Bank of England to hike interest rates steeply, a closely watched survey out today reveals. Britain’s private sector economy shrank sharply this month, with contraction rates returning to levels last seen in January 2021 [...]
Not-so-free-market Rishi isn’t perfect, but he’s the right choice right now October 24, 2022 Rightly or wrongly, Britain’s credibility is at stake – and right now, Rishi Sunak is more likely to restore confidence in the country’s government than either Penny Mordaunt or Boris Johnson The choice facing Conservative MPs today is a difficult one. They are behind in the polls, and fear for their political future. They are [...]
We must move on: Blow for Boris Johnson as leading Brexiteer Lord Frost backs Rishi Sunak October 22, 2022 Leading Brexiteer David Frost has put his support behind Rishi Sunak for the Tory leadership, claiming that the country must “move on.” Frost said the party must back a “capable leader”, pointing to Rishi Sunak, who was expected to announce his bid on Saturday afternoon. Lord Frost was a big player in negotiating the UK’s [...]
Sunak set to make Tory leadership bid as Boris claims to have 100 MPs’ support October 22, 2022 Downing St leadership hopefuls are shoring up the support of MPs this weekend, ahead of a key Monday deadline, with Rishi Sunak passing to the next stage of the contest and Boris Johnson’s allies claiming he has also received enough support. Potential candidates have until next week to secure the backing of 100 MPs, before [...]
‘Strong and stable’ – Tories launch own condoms to have Priti safe sex while ‘unleashing Britain’s potential’ September 1, 2022 “I Never kissed a Tory but I’ve had safe sex with one” reads a new condom that a group of Conservatives plan to launch at this year’s party conference, taking place this October. The LGBT Tories say the condoms will help their fellow members to have Priti safe sex during the event as they will [...]
Rishi Sunak: UK shouldn’t have ’empowered scientists’ at start of lockdown August 25, 2022 RISHI Sunak has said government “shouldn’t have empowered the scientists in the way we did” at the start of the Covid-19 pandemic. The former Chancellor told The Spectator magazine that there was a failure to “acknowledge trade-offs from the beginning” and that lockdown’s impacts on other health services, as well as schools and the economy, [...]