Parliament prepares for Queen to lie in state at Westminster Hall September 11, 2022 Parliamentary authorities are preparing for the Queen to lie in state at Westminster Hall from Wednesday, with an expected 500,000 people set to pay their respects. The Queen’s coffin will lie in state in parliament’s oldest building for four days as a part of the period of national mourning. Parts of the parliamentary estate will [...]
Number 10 clarifies that Truss not going on ‘tour’ with King Charles across UK September 11, 2022 Liz Truss will be attending three ceremonies across the UK with King Charles III and not going on a country-wide “tour”, Number 10 has said. There were widespread reports last night that the new Prime Minister and new King were going on a tour across all nations of the UK, which raised eyebrows among pundits [...]
Gordon Brown tips UK for Scandinavian style monarchy under King Charles September 11, 2022 The British monarchy will take on a more “Scandinavian” style under King Charles III, Gordon Brown has predicted. The former Prime Minister today said the new King has “already indicated” that “the monarchy is going to be smaller” and more modern under his reign. The former Prince of Wales was officially proclaimed King Charles III [...]
Liz Truss says Queen was ‘the spirit of Britain’ as tributes pour in September 8, 2022 Queen Elizabeth II was the “very spirit of Britain” and the “rock on which modern Britain was built”, Liz Truss has said in a tribute to Her Majesty. The Prime Minister said outside Number 10 that “our country has grown and flourished under her reign” and that “Britain is the great country it is today [...]
Treasury’s most senior civil servant ousted by Kwasi Kwarteng September 8, 2022 The Treasury’s most senior civil servant has been ousted by new chancellor Kwasi Kwarteng in a major Whitehall shake-up. Tom Scholar announced today that he was leaving as Treasury permanent secretary, after the chancellor “decided it was time for new leadership” at the department. City A.M. understands the sacking happened on Tuesday night, meaning it [...]
UK caps household energy bills at £2,500 as Truss promises business help September 8, 2022 British households will have their annual energy bills capped at £2,500 for two years in a £130bn+ scheme that will save consumers thousands of pounds. Prime Minister Liz Truss said the two-year Energy Price Guarantee will begin at the start of October and that the government will pay energy suppliers the difference between the cap [...]
Truss says UK will be ‘deeply concerned’ as Queen under medical supervision September 8, 2022 Liz Truss has said the entire country will be “deeply concerned” by the news that the Queen has been put under medical supervision at Balmoral as messages of support flood in from across the world. The Prime Minister said “my thoughts – and the thoughts of people across our United Kingdom – are with Her [...]
J.P. Morgan distances itself from Boris Johnson speaking deal rumours September 7, 2022 J.P. Morgan has not offered Boris Johnson a lucrative post-premiership speaking deal, despite rumours to the contrary. It was reported in The Telegraph on Monday that Johnson had been offered £2m to give six speeches at J.P. Morgan events. However, sources at the US investment bank have told City A.M. that Johnson has not been courted for [...]
Truss confirms opposition to energy windfall tax to fund £100bn+ package September 7, 2022 Liz Truss has confirmed she will not slap a new tax on North Sea oil and gas producers to pay for her £100bn+ package of support to households and businesses. Labour leader Sir Keir Starmer said during Prime Minister’s Questions (PMQs) that Truss’ plan to increase borrowing to fund the emergency package is akin to [...]
Kwarteng tells City chiefs that UK borrowing must increase to pay for energy package September 7, 2022 Kwasi Kwarteng has today told City chiefs that short-term UK borrowing must increase to pay for a £100bn+ energy package, but that “fiscal discipline” will return soon. The new chancellor said in a meeting with financial services executives that the government is “committed to taking decisive action to help the British people now”, but that [...]
