Top Hong Kong official to take over as FCA chair July 8, 2022 The Financial Conduct Authority has announced today that one of Hong Kong’s top financial officials will take over as chair of the watchdog next year.
‘Pump-price competition is broken’: AA disagrees with watchdog’s verdict that 5p tax duty cut WAS passed on at the pump July 8, 2022 Motoring groups have disagreed with Competition and Markets Authority’s verdict that the 5p fuel duty cut was reflected in pump prices, as the watchdog calls for further investigation and more transparency. The CMA’s urgent review, ordered by Business Secretary Kwasi Kwarteng, found an increase “refining spread” added 24p a litre to petrol and diesel over [...]
Boris Johnson pays tribute to former Japanese Prime Minister Shinzo Abe who has been shot dead July 8, 2022 Boris Johnson has paid tribute to former Japanese prime minister Shinzo Abe who has died after being shot at a campaign event. The former leader in Tokyo was shot while giving an election campaign speech in Nara, western Japan, on Friday. Local reports said he didn’t recover from being a “severe” condition as he was [...]
Bienvenido! Binance subsidiary gets green light as crypto exchange in Spain July 8, 2022 Binance's Moon Tech Spain SL has been granted registration as a Virtual Asset Services Provider (VASP) by the Bank of Spain.
Explainer-in-brief: Behind the scenes of a Tory leadership race July 8, 2022 The Conservative party elections take place when a leader resigns or loses a vote of no confidence. They work in two stages: in the first one, two main contenders are put forward; in the second one, party members vote and decide who’s going to be the new leader. The rules – including how an MP [...]
Lloyd’s to stay in iconic headquarters until at least 2031 July 8, 2022 Lloyd’s of London is set to stay in its iconic City of London headquarters until at least 2031, according to new reports that quell rumours the insurer had been planning to leave its purpose-built tower in 2026. There is now “zero chance” the insurer will trigger the lease break clause in its contract with its [...]
1922 Committee treasurer: ‘Ship has sailed’ on PM leaving immediately but new leader should come in ‘as soon as possible’ July 8, 2022 A senior figure in the powerful 1922 Committee has said Boris Johnson should be ousted “as soon as possible”. Backbench MP Sir Geoffrey Clifton-Brown commented the Prime Minister’s position, after Johnson announced he would leave office soon in a speech outside Number 10 on Thursday. This comes after more than 50 resignation letters were submitted, [...]
Germany begins energy rationing as gas prices spike July 8, 2022 Local authorities in Germany have begun rationing energy, dimming street lights and closing swimming pools to cope with soaring gas prices in the wake of Russia’s move to slash energy supplies.
Angela Rayner: Labour will call a no-confidence vote if Boris Johnson doesn’t go by Monday July 8, 2022 Labour’s deputy leader has pledged to bring forward a vote of no confidence in the government if the Conservatives don’t immediately remove Boris Johnson. The opposition figure called on the party of government to quickly remove the incumbent “lame duck” of Number 10. Liberal Democrat leader Sir Ed Davey has also said he’d back a [...]
Beleaguered Amigo Loans say it has ‘learnt the lessons of the past’ as it gears up for lending July 8, 2022 `The boss of beleaguered lender Amigo said it had “learnt the lessons of the past” today as it looks to resume lending again after a two-year hiatus.
