LIVE BLOG: Boris Johnson ‘should not remain in Downing Street’ says former PM Sir John Major July 7, 2022 Welcome to City A.M.’s rolling coverage of the ongoing Conservative coup against prime minister Boris Johnson. We’ll bring you all the latest news, resignations, appointments, analysis and opinion, as well as the impact of the crisis on the markets and economy. 2pm – Former PM Sir John Major says Boris Johnson “should not remain in [...]
Turmoil at No 10 signals further delays for gambling review July 7, 2022 The upcoming gambling white paper appears to be put on hold once again, as Boris Johnson’s impending resignation dominates the political agenda and DCMS Minister for Tech and Digital Minister Chris Philp steps down. In the latter’s resignation letter this morning, he said that the Gambling Review is currently “with No 10 at the moment [...]
‘Them’s the breaks’: Defiant Boris Johnson resigns as Prime Minister July 7, 2022 Boris Johnson has formally announced his resignation as Conservative party leader and Prime Minister, telling a crowd of supporters and press outside Downing Street that he was “sad … to be giving up the best job in the world”. Johnson was defiant until the end and blamed today’s resignation on Wesminster’s “herd” mentality, instead of [...]
New prime minister has to grapple with ‘unsustainable’ UK indebtedness, fiscal watchdog warns July 7, 2022 Britain is on “an unsustainable path” to high indebtedness unless action is taken to strengthen the public finances, the country’s fiscal watchdog warned today. A combination of higher health spending to deal with an ageing society, the loss of motoring taxes due to the transition to net zero and greater geo-political risks could swell the [...]
Sadiq Khan rules out running as an MP if general election is called July 7, 2022 Mayor of London Sadiq Khan has branded Boris Johnson’s refusal to quit ” one of the most shameful sagas in the history of British politics”. The Labour politician, who took on the job from Johnson in 2016, said the PM “has presided over a government defined by lies, sleaze, an utter lack of integrity, unlawful [...]
Starmer, Sturgeon and Davey respond to Boris Johnson’s resignation: Election, referendum and unity on the table July 7, 2022 Labour leader Keir Starmer has led the response to Boris Johnson’s impending resignation, saying he has been “Responsible for lies, scandal and fraud on an industrial scale” North of the border, the Scottish National Party’s Nicola Sturgeon saw the resignation as a renewed opportunity to push for independence, while Wales’ First Minister Mark Drakeford called [...]
Advertiser Talon Outdoor bags cash injection from Equistone for dealmaking push July 7, 2022 Out-of-home advertising agency Talon Outdoor revealed it has secured backing from private equity outfit Equistone today as it readies to accelerate its investment into technology and kick off a dealmaking push.
Happy as a clam: Shell raises value of oil and gas assets as refining soars July 7, 2022 Shell has announced it will reverse up to $4.5bn in write-downs on oil and gas assets after raising its energy prices outlook.
Mediclinic bosses U-turn on rejection of billion-pound takeover by consortium July 7, 2022 The board of private hospital operator Mediclinic have U-turned on their rejection of a takeover approach from a consortium including billionaire luxury goods tycoon Johann Rupert. Bosses at the London-listed firm said today that having weighed up the realities of current macro-economic conditions, “the near-term value realisation of the latest proposal provides Mediclinic’s shareholders an [...]
Ofgem puts the squeeze on troubled energy firm July 7, 2022 Troubled supplier UK Energy Incubator Hub could be forced to remove a senior individual from a key management role by the market watchdog Ofgem.
