Starmer ‘will listen’ to Tulip Siddiq inquiry findings, minister says January 12, 2025 The Prime Minister will act on the findings of an independent investigation into Treasury minister Tulip Siddiq, a Cabinet minister has said. Science Secretary Peter Kyle said Siddiq has “done exactly the right thing” in referring herself to the Parliamentary watchdog over allegations about properties linked to her aunt’s political movement in Bangladesh. Following reports [...]
The runners and riders to replace under-fire City minister Tulip Siddiq January 10, 2025 Downing Street is reportedly weighing up a number of potential candidates to replace Tulip Siddiq as her position as City minister comes under increasing pressure. Siddiq, the niece of ousted Bangladeshi leader Sheikh Hasina, has been in the headlines since last month when she was named in an investigation into whether her Bangladeshi family embezzled [...]
The Capitalist: WFH rows, Zuck’s new watch and the City’s Tesco habits revealed January 9, 2025 WFH causes a ruckus, Zuckerberg's eye-catching watch and the nation's favourite meal deal: catch up on the latest gossip in The Capitalist.
PMQs: Siddiq ‘acted appropriately’ by referring herself to adviser, Starmer says January 8, 2025 Sir Keir Starmer has insisted Tulip Siddiq has “acted appropriately” by referring herself to the independent adviser on standards and said he would not give “running commentary” of the recently announced probe into her finances. The City minister referred herself to Sir Laurie Magnus, the Prime Minister’s Independent Adviser on Ministers’ Interests on Monday, for [...]
Pressure mounts as Bangladeshi authorities request Tulip Siddiq’s bank details January 7, 2025 Bangladesh’s anti-money laundering agency has demanded information on the bank accounts and transaction records of the UK’s City minister as part of a probe into allegations that her family embezzled billions from major infrastructure deals in Bangladesh. Tulip Siddiq, whose remit includes tackling corruption in business and finance, is accused by Bangladeshi authorities of having [...]
Tulip Siddiq: City minister referred herself to watchdog over property questions January 6, 2025 Tulip Siddiq has referred herself to the government’s standards watchdog over questions about her use of properties linked to the deposed Bangladeshi leader, Keir Starmer said. The City minister has come under increasing pressure after it emerged she had been given a London flat and lived in another property with links to her aunt, former [...]
Tulip Siddiq reportedly given London flat linked to deposed Bangladeshi leader January 4, 2025 City minister Tulip Siddiq was reportedly given a London flat by a person with links to the deposed Bangladeshi leader. Siddiq, who serves as economic secretary to the Treasury with a brief including “countering economic crime, money laundering and illicit finance” was reported to have been given the two-bedroom property near King’s Cross in 2004, [...]
Thames Water to avoid state bailout, the FTSE 100 at 7900 and an ITV bid: my predictions for UK plc in 2025 January 2, 2025 Predictions may generally be a mug’s game, but looking back at my forecasts for the business world in 2024, I seem to have fared better than usual. Klarna, the buy now pay later giant, opted for a New York listing; Dame Alison Rose made a comeback in a senior private equity role; Unilever announced that [...]
City Minister Tulip Siddiq named in Bangladeshi corruption probe December 19, 2024 The City minister has been named in an investigation into whether her Bangladeshi family embezzled nearly £4bn from energy and major infrastructure deals. Tulip Siddiq, whose ministerial remit includes tackling corruption in financial markets, is accused of having helped broker a deal with Russia for a nuclear power power plant in Bangladesh 11 years ago [...]
City minister warned FCA ‘several times’ over name and shame plans November 29, 2024 The City minister said she warned the Financial Conduct Authority (FCA) “several times” that its controversial ‘name and shame’ rules could harm companies before the regulator moved to water down the plans. Following intense criticism from firms and ministers, the regulator confirmed on Thursday that it would soften plans to publicly name companies facing investigation [...]