‘Be careful what you wish for’: OEUK warns against expanding windfall tax September 7, 2022 Windfall taxes are a "really blunt" instrument that threatens to deter investment in the North Sea, warned OEUK's boss Mike Tholen.
New transport sec Anne-Marie Trevelyan needs to be ‘plucky 13th’ since turn of century, AA says September 7, 2022 The AA hope the 13th transport secretary since the turn of the century will be “plucky” in transforming the roads. Anne-Marie Trevelyan, formerly the Secretary of State for International Trade, was appointed to the role last night by Prime Minister Liz Truss. Succeeding Grant Shapps, the AA published a list of 10 priorities on their [...]
All about that BEIS: Rees-Mogg’s hefty in-tray as winter crisis looms September 7, 2022 The incoming Secretary of State has a hefty in-tray to deal with - with the Government pushing to boost domestic energy generation.
WH Smith high street sales lower than pre-Covid levels after Funky Pigeon hack September 7, 2022 WH Smith has said its high street arm has been impacted by a cyber security issue with its greetings cards business, denting sales. The stationery seller said its high street business was performing in line with expectations. Sales stood at 80 per cent of 2019 revenue for the 26 weeks to 27 August 2022, following [...]
Cabinet reshuffle: Kwasi Kwarteng named chancellor as Truss picks top team September 7, 2022 Liz Truss has made close ally Kwasi Kwarteng her new chancellor as the Prime Minister picks her top team. Therese Coffey has also been appointed health secretary and deputy Prime Minister, while James Cleverly is now foreign secretary and Suella Braverman is home secretary. Jacob Rees-Mogg has also been given a large promotion to business [...]
City Moves: Who’s switching jobs in the Square Mile? September 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Lombard Odier Investment Managers Lombard Odier Investment Managers has built out its UK wholesale team with a fresh sales director. George Guest, who stepped into the London-based role at the end August, will be responsible for promoting [...]
The price cap freeze: It’s not good, but it’s not the worst September 7, 2022 With the Liz Truss facing a host of bad options, a transparent freeze on the energy price cap might be the least bad of the lot.
To do more than simply stay standing, the NHS must return to its first ideas September 7, 2022 Last week, in the wake of the desperately sad passing of TV host Bill Turnbull, BBC Radio 4 dedicated a segment to the importance of prostate cancer screening. “But the NHS can’t cope if every man turns up and demands a test,” said presenter Nick Robinson. This candid, casual reflection highlights a profound deficiency in [...]
How Truss pays for her plan for energy prices is just as important as what she does September 7, 2022 Our new prime minister already has a long list of detractors. Yet something many are failing to take notice of is how well she grasps the fundamental importance of generating economic growth. This is the central issue facing the economy and it will determine how, ultimately, we pay for an intervention in the energy market. [...]
BAE Systems muscles in on satellite space with defence cluster September 7, 2022 British aerospace and defence giant BAE Systems is set to unveil a satellite cluster later today. The cluster, made up of four satellites, will be focused on earth observation, intelligence, surveillance and reconnaissance and be rented out to businesses and allied governments alike. Much like the smartphone, the satellites will be able to download different [...]
