Letters: A new dawn, same problems September 6, 2022 [Re: Liz Truss will be the next UK Prime Minister, yesterday] We’ve spent the summer listening to Liz Truss and Rishi Sunak fight it out over who will be the next prime minister. Now, we finally have a new prime minister but we have all the same problems we had before the leadership election was announced. [...]
OPEC+ to cut oil output as recession fears weigh down demand September 5, 2022 OPEC+ have agreed a small output cut in oil production to bolster prices that have dipped amid escalating fears of an economic slowdown.
Liz Truss is new PM: Johnson loyalists Patel, Dories and Tory co-chair quit September 5, 2022 Three senior Conservative and Boris Johnson loyalists quit their roles ahead of Liz Truss being sworn in as prime minister. Priti Patel, the Home Secretary, Nadine Dorries, the Secretary of State for Digital, Culture, Media and Sport, and Ben Elliott, the Johnson-appointed co-chair of the Party, announced they quit their roles. Patel took to Twitter [...]
TransPennine joins Avanti and cut services due to staffing shortages September 5, 2022 TransPennine Express has announced it will cut around one in four services from 12 September as a result of staff shortages. It is the second train company forced to alter its schedule in a matter of weeks, after Avanti West Coast axed most trains between London and Manchester following staffing issues. TransPennine routes will be [...]
Liz Truss: New PM can be radical – but she’ll need to keep sceptical markets onside September 5, 2022 As she gets used to the new letterhead on her stationery over the next couple of days, Liz Truss will also be introduced to the art of the balancing act. The job of Prime Minister requires different skills from that of a successful Cabinet minister, on whom it is beholden to drive forward their own [...]
BBC brings in Bain & Co to help make a licence fee freeze plan September 5, 2022 BBC have called in Bain & Co to review its funding strategy as the licence freeze sinks in for the broadcaster. The world-leading consultancy will be helping the Beeb put together a wide-ranging blueprint for its future, as first reported by Mark Kleinman for Sky News. Nadine Dorries confirmed in January that the BBC licence [...]
Birmingham picked as home of UK’s new audit watchdog September 5, 2022 MINISTERS have chosen Birmingham as the home of the UK’s new audit watchdog, in a move that risks an internal backlash at the supervisory body it is set to replace. City A.M. understands the soon-to-be launched Audit, Reporting and Governance Authority (ARGA) watchdog will be headquartered in Britain’s second largest city, Birmingham. The new regulator [...]
Amigo Loans cuts ties with KPMG following ‘competitive tender’ September 5, 2022 Amigo Loans has cut ties with KPMG in appointing mid-tier accountancy firm MHA MacIntyre Hudson as its new auditor. The subprime lender said in a statement it had appointed MHA MacIntyre Hudson as its new auditor after the accounting firm won a competitive tender for the contract to audit Amigo’s accounts. KPMG said in a [...]
Truss urged by City to keep bank tax cut to boost competitiveness September 5, 2022 Liz Truss has been urged by City figures to slash taxes on banks amid speculation the incoming Prime Minister could lighten the tax burden for UK firms. Ex-chancellor Rishi Sunak last year announced a cut in the UK bank surcharge on profits from 8 to 3 per cent to offset the effect of a planned [...]
Lloyd’s of London says state-backed cyberattack policy is ‘responsible’ September 5, 2022 Lloyd’s of London has defended plans to stop providing insurance coverage for state-backed cyberattacks. In an interview with the Financial Times, Lloyd’s chief of markets Patrick Tiernan said the insurance marketplace is “being responsible” by taking a cautious approach. In a note last month, Lloyd’s explained that the potential for state-backed cyberattacks to spread could [...]
