Net migration to UK hits record high of 606,000 as Brexit scales EU movement back May 25, 2023 Net migration to the UK has hit a record high of 606,000, new figures released this morning reveal. The significant surge in legal migration for 2022 has hit the highest level on record, according to Office for National Statistics (ONS) data. It follows weeks of speculation over the numbers with prime minister Rishi Sunak seeking [...]
London takes global tech capital crown from New York May 25, 2023 London has been ranked as the world’s most high-tech city snatching the top spot from New York, according to new research shared exclusively with City A.M. The capital scored top marks for its world-leading financial services, deep talent pool as well as the quality of its business environment and international reputation, according to Z/Yen Group’s [...]
Europe capitalising on UK’s ‘tourism tax’ as retailers call for overhaul May 24, 2023 International tourists are spending more in Europe than in the UK as Britain’s retail sector continues to be hamstrung by the government’s decision to scrap VAT-free shopping, members of the House of Lords warned yesterday.
Suella Braverman escapes ethics probe into speeding row May 24, 2023 Suella Braverman has escaped an ethics investigation over claims she asked civil servants whether they could arrange her a private speeding awareness course. Prime minister Rishi Sunak has confirmed no “further investigation” will take place into the row and said he was “reassured [Braverman] takes these matters seriously”. In a letter to the home secretary, [...]
Boris Johnson probed by cops over fresh lockdown breach allegations May 24, 2023 ‘Partygate’ PM Boris Johnson is under police investigation following fresh claims he allegedly breached lockdown rules, it emerged last night. The disgraced ex-prime minister has been reported to the Met Police by the Cabinet Office after new evidence came to light that he may have breached the Covid-19 pandemic rules. Johnson allegedly hosted friends at [...]
Leg up for UK listings as Labour backs £50bn pension ‘growth fund’ May 23, 2023 A Labour government would push pension funds to pump cash into UK start-ups and growth firms as part of plans to boost the City and keep homegrown firms in Britain, Rachel Reeves has said. Speaking in New York today, the shadow chancellor said her party aimed to rocket-launch investment in the UK by accelerating consolidation [...]
Dominic Raab to stand down as MP following bullying scandal May 23, 2023 Dominic Raab is set to stand down as an MP at the next general election in the wake of a bullying scandal which saw him quit Rishi Sunak’s government.
Kemi Badenoch urged to ‘walk away’ from Gulf trade deal over human rights concerns May 22, 2023 Kemi Badenoch has been urged to “walk away” from “worrying” trade negotiations with Gulf states due to concerns about human and labour rights abuses. The UK has “absolutely no reason” to discuss trade with states where “human, women’s and LGBT rights and workers’ rights abuses are so widespread”, union boss Paul Nowak said. Amnesty International [...]
Three former education secretaries back calls for urgent changes to apprenticeship levy – here’s why May 21, 2023 Calls to link the apprenticeship levy to Britain’s immigration policy have been backed by three former education secretaries. Lord David Blunkett, Sir Gavin Williamson and Nadhim Zahawi have lent support to a report calling for urgent changes to the government’s levy on firms to pay for apprenticeships – including linking the scheme to visa rules [...]
Sunak’s semiconductor plans will leave UK ‘very vulnerable’, warn tech bosses May 19, 2023 Tech bosses have hit out at the government’s landmark £1bn semiconductor strategy, blasting it as “a drop in the ocean” which leaves the UK “very vulnerable”. Founders warned the government’s proposals for investment over the next decade to boost the UK’s domestic silicon chip and compound semiconductor production were “disappointing”, with the announced £1bn funding [...]