Liz Truss has installed Jeremy Hunt in the driving seat and is in for a wild ride October 18, 2022 NICOLE Richie, the American reality TV star, once described getting an Uber as “going somewhere with a friend, just that friend doesn’t know you.” Last week, Liz Truss had a similar realisation as her government veered dramatically off the road.
To recreate a 1997 victory, Labour needs to find a clear path to do more – with less October 18, 2022 One of the most recent polls has put Labour 26 points ahead of the Conservatives. Even less favourable polling would still give Labour a big 1997-style landslide. In other words: great news for Labour, bad news for the Tories, with the Prime Minister already clinging to her job just five weeks in. The question for [...]
As long as the Met is unable to police itself, it shouldn’t be fit to police Londoners either October 18, 2022 With our model of policing relying heavily on public consent, confidence is everything.
Panmure eyes up merger with top rival finnCap October 17, 2022 Panmure Gordon is eyeing up a merger with its London-listed rival finnCap as the industry grapples with a deal slowdown and increased need to make savings. Investment bank Panmure, which is controlled by Bob Diamond’s Atlas Merchant Capital, is reportedly in early stage talks with the financial services firm, as first reported by Mark Kleinman [...]
Lookahead: Ad tier to distract from falling Netflix subscribers October 17, 2022 Netflix’s new ad tier could act as the perfect distraction for falling subscribers, as the streamer gears up for its third quarter results tomorrow evening, analysts said. With Netflix estimated to add one million new signups globally in the latest quarter, Cowen & Co analyst John Blackledge said that heavier focus may be placed the new ad tier [...]
Uncertainty over timing of UK announcement of Big Bang 2.0 financial services reforms October 17, 2022 There is now uncertainty over when the UK will unveil its post-Brexit changes to EU financial services regulations amid the current government turmoil. The Treasury said last month that former chancellor Kwasi Kwarteng would announce the long-awaited reforms, which will include changing the EU’s Solvency II directive on insurance firms, in October. This target may [...]
Rees-Mogg opens talks with British Steel owner over bailout and jobs October 17, 2022 The business secretary has reportedly opened formal talks with the owner of British Steel about a taxpayer bailout and job cuts. As first reported by Mark Kleinman for Sky News, Jacob Rees-Mogg wrote to parent firm Jingye Group last week and agreed that British Steel would maintain its current operations and 4000-strong work force during the [...]
High-tax, high-drama, and out of ideas: Where next for the British economy? October 17, 2022 High-tax, high-drama, and impossible to predict: welcome to Britain in 2022. God help anybody trying to drum up foreign investment onto these shores at the minute. Forget being sure about what the tax code might look like in a year’s’ time – at the rate we’re currently moving, it’s hard to predict what it’ll be [...]
Trouble ahead in April as experts unveil new gloomy price cap predictions October 17, 2022 Energy bills will rise to a whopping £4,348 per year in April, warned Cornwall Insight, without more support for households.
Mordaunt says Truss is ‘not under a desk’ as PM avoids parliament scrutiny October 17, 2022 A senior cabinet minister has been forced to say that Liz Truss is “not under a desk”, after refusing to face questions in the House of Commons. Leader of the House of Commons Penny Mordaunt answered an Urgent Question in parliament today from Labour leader Sir Keir Starmer, instead of the Prime Minister. Starmer said [...]
