‘Reality check’ time: Mel Stride thinks Boris Johnson will break triple tax lock promise October 23, 2020 The UK needs a “reality check” when it comes to public spending levels and Rishi Sunak is almost certain to break the Tories’ triple tax lock election pledge, according to the chief of Westminster’s Treasury committee. Conservative Central Devon MP, and chair of the Treasury Select Committee, Mel Stride told City A.M. in an interview [...]
Boris Johnson on the backfoot on local government rows, funding delays October 22, 2020 Boris Johnson has been forced to defend the government’s efforts in providing support for businesses under new Covid restrictions and its dealings with regional governments. Rishi Sunak was forced today to extend its support for businesses under Tier 2 restrictions, with more than £10bn spent to support the private sector. Businesses will only need to [...]
Rishi Sunak extends support to businesses facing Tier 2 restrictions October 22, 2020 The government has expanded its job support scheme for businesses facing Tier 2 restrictions, with Rishi Sunak announcing that the government will pay significantly more of companies’ wage bills under the new post-furlough scheme. Businesses will only need to pay five per cent of workers’ unworked hours under the new part-time Jobs Support Scheme instead [...]
Donald Trump and Barack Obama lash out at each other in rival election rallies October 22, 2020 Barack Obama and Donald Trump have mounted vicious attacks on each other last night at opposing rallies as polling day draws closer. Obama, who was speaking at a Joe Biden drive-in rally in Philadelphia, called Trump a “crazy uncle”, a peddler of conspiracy theories and someone who is eroding democracy in the US. The President, [...]
UK strikes deal with Norway to continue trade in case of no-deal Brexit October 22, 2020 The UK has signed a temporary agreement with Norway to ensure trade of goods can continue between the two nations in the case of a no-deal Brexit after 31 December
Brexit: UK-EU trade talks back on after week of sparring October 21, 2020 Brexit trade talks between the UK and EU are back on just days after Boris Johnson walked away from negotiations. A statement from the government said “we are ready to welcome the EU team to London to resume negotiations later this week” in a bid to get a deal done before the end of the [...]
Khan accuses PM of ‘blatant lie’ in tit-for-tat over TfL bailout October 21, 2020 Sadiq Khan has accused the government of “lying” and playing “party political games” during Transport for London (TfL) bailout talks, sparking a tit-for-tat with the Prime Minister over the future of the ailing transport network. The London mayor told TfL’s board meeting today that the government wrote a “blank cheque without conditions” when giving emergency [...]
Think tank: London may need £440m a month if put into Tier 3 restrictions October 21, 2020 London would need more than £400m a month from the government if it is plunged into Tier 3 and if the city makes the same funding requests as Manchester, according to a top think tank. The Centre for Cities has calculated the capital would need £112.4m for every week it is in the top band [...]
G’day UK: Australia trade deal set to increase freedom of movement downunder October 20, 2020 Britons are in line to soon have greater opportunities to live and work in Australia, with trade deal talks between the two nations placing freedom of movement at the fore of negotiations. A source close to international trade secretary Liz Truss has told City A.M. that a UK-Australia trade deal will likely allow young Australians [...]
Andy Burnham turns down £60m in Tier 3 funding for Manchester October 20, 2020 Greater Manchester mayor Andy Burnham has refused the government’s offer of £60m in return for accepting new draconian Tier 3 Covid restrictions. Burnham told a press conference today that he asked for £100m in extra funding originally, but was willing to accept as little as £65m. Downing Street would not budge from its £60m figure [...]
