By: Jessica Frank-Keyes

Political Reporter Political Reporter Jessica Frank-Keyes is the political reporter at CityAM. She covers Westminster politics, City Hall, Labour and the Conservative party.

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Sadiq Khan says Shaun Bailey should lose peerage over ‘Jingle & Mingle’ video

June 22, 2023

Sadiq Khan has said his former mayoral rival Shaun Bailey should not receive his peerage after a video of staff dancing and drinking at a Christmas party during Covid-19 emerged. The mayor of London described the footage of staff, who joked about bending the rules in the video filmed at CCHQ on 14 December 2020 [...]
Labour’s plan to force banks to help on mortgages branded ‘risky’ and ‘counterproductive’

June 22, 2023

Labour’s plans to force banks to help struggling borrowers with their mortgages have been slammed as “risky” and “counterproductive”. The party says lenders should be compelled to help mortgage holders struggling with payments in a bid to avert a looming mortgage crisis as interest rates are expected to keep rising to bring inflation down. Shadow [...]
Revealed: The London constituencies that will be worst hit by mortgage rate rises

June 21, 2023

Mortgage holders in London and the Southeast are set to be the worst hit by the “crippling” mortgage rate rises on the horizon, new data shows. The top twenty areas of the country set to see the highest increase in their mortgage repayments increase are concentrated around the capital and the commuter belt, according to [...]
WH Smith, M&S and Argos among hundreds fined for failing to pay minimum wage

June 21, 2023

Hundreds of businesses including high-street heavyweights WH Smith, M&S and Argos have been named and shamed after being fined for failing to pay workers the minimum wage. Firms from sole traders to household names were ordered to repay 63,000 staff lost wages totalling close to £5m, after breaching National Minimum Wage (NMW) law. WH Smith [...]
Rishi Sunak: City of London will be ‘engine room’ of UK investment in rebuilding Ukraine

June 21, 2023

Ukraine is set to receive £3bn in World Bank loan guarantees as Prime Minister Rishi Sunak confirmed the UK would continue to support the nation for “as long as it takes” in the fight against Russia. Sunak will also announce a major financial support package for the eastern European country as it mounts its long-awaited [...]
Badenoch slammed for ignoring Brexit realities and telling UK firms global trade ‘isn’t too tough’

June 20, 2023

Kemi Badenoch has been criticised by business groups for trying to “shift the blame” after she told British businesses that international trade “isn’t too tough”. The business and international trade secretary said today that the UK has “too many negative tropes about how difficult it all is”. Speaking at the launch of the first e-commerce [...]
Hunt to discuss support with mortgage lenders as repayments crisis looms

June 20, 2023

Chancellor Jeremy Hunt is set to meet with mortgage lenders to discuss support for homeowners as a repayments crisis looms. Various calls have been made for the government to step in to help struggling borrowers – but Hunt said ministers would not provide financial support which would fuel inflation. Average costs for a two-year fixed-rate [...]
Sadiq Khan to address ‘cost of doing business’ crisis at summit with Uber and Natwest

June 20, 2023

Sadiq Khan is set to address the “cost of doing business crisis” at a crunch summit with firms including Uber, Natwest and KPMG. The mayor of London will welcome more than 200 CEOs to his annual City Hall business reception at the Crystal in east London today. He is expected to tell firms the “cost-of-doing-business [...]
MPs vote to sanction Boris Johnson after ‘damning’ privileges committee report

June 19, 2023

Boris Johnson will no longer have a pass to Parliament after MPs voted to back sanctions against him in the apparent final chapter of his parliamentary career. Watched over by Sir Ian McKellen, MPs debated the privileges committee report which ruled the former prime minister had “deliberately misled” and committed “serious contempt”. It followed an [...]
Everybody wins: Post Brexit trade deal with 65 nations will cut import costs and save Brits millions

June 19, 2023

Developing nations are set to benefit from reduced tariffs under a new post-Brexit trading scheme launched by the UK. The Developing Countries Trading Scheme (DCTS) scheme will cut import costs for 65 countries, including 37 African nations and 26 states in Asia, Oceania and the Middle East. It will save UK firms and consumers £770m [...]

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By: Jessica Frank-Keyes

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