Rishi Sunak says tax cuts are a fairy tale, but he is chasing a Sleeping Beauty fantasy July 19, 2022 TIMES are tough. We need a bold plan to tackle the cost of living and get growth going. I have heard my friend Rishi Sunak argue that this is not the time to cut taxes, despite people facing the heaviest burden since the 1940s. With all due respect to the former chancellor, he is acting [...]
A new Tory leader needs to grapple with the disparate politics of housing July 19, 2022 The candidates to be Britain’s next Conservative leader spent the weekend in a series of spats over economic plans for the future of the UK. You would assume other important topics, such as the pressing housing crisis, would also be front and centre. At the time of writing, Tom Tugendhat was the only one to [...]
If the FCA is given a mandate for competitiveness, it could set us up for a 2008 re-run July 19, 2022 The Financial Services and Markets Bill is set to be published this week, to reshape our future outside of the European Union. But even with newfound freedom, we must not forget the lessons of the financial crisis. The UK has a chance to rethink the rules that shape our critical finance sector. In the face [...]
Watchdog told of 650 covid breaches by senior City staff July 19, 2022 The UK’s top financial watchdog was notified of nearly 650 covid breaches by the City’s top brass during the pandemic as well as over 100 counts of bullying and racism, new figures have revealed.
Letters: Throwing money at the problem July 19, 2022 [Re:War for talent swells new starter City pay packets, yesterday] Competition for talent is at fever pitch, and strong competition among City law firms has led to pay packages for the newest lawyers reaching dizzying heights at some of the US giants. However, with an economic slowdown potentially on the cards and existing employees disgruntled [...]
Zahawi to outline plan to change EU’s City rules in Mansion House speech July 18, 2022 The UK’s new chancellor will try to soothe City jitters tomorrow night as a major new report suggests the Square Mile is suffering as a result of political uncertainty. Nadhim Zahawi will tell the annual Mansion House bankers’ dinner that he will “repeal hundreds of pieces of retained EU law” post-Brexit and replace them with [...]
Brits prepared to pay more tax to support vulnerable households facing soaring energy bills July 18, 2022 A majority of people have said they would pay more tax to fund support for low-income households facing soaring energy bills.
Tory leadership: Sunak builds lead as Tugendhat drops out July 18, 2022 Rishi Sunak has built a strong lead in the in the third round of voting in the Tory leadership contest, with Tom Tugendhat dropping out. Sunak got 115 votes from Tory MPs, followed by Penny Mordaunt on 82, Liz Truss on 71, Kemi Badenoch on 58 and Tugendhat on 31. The vote saw Sunak, Truss [...]
Google could face £920m in damages as class action gets green light July 18, 2022 The UK competition tribunal gave group action against Google the green light today, which could cost the tech giant as much as £920m in damages if successful.
Criminal Barristers strike rolls into fourth week with no end in sight July 18, 2022 Criminal barristers today convened at the Palace of Westminster to mark the start of the fourth week of their strike action over legal aid fees. Striking barristers gathered inside the home of the UK’s parliament demanding to see their local MPs, as they continued to call for an immediate 25 per cent increase in the [...]
