‘I won’t soak the City’: Starmer promises not to hike bank taxes if elected December 8, 2022 Sir Keir Starmer has promised not to carry out a tax raid on the banks if he is made Prime Minister as he continues his electoral pitch to the City. The Labour leader said he would not slap a windfall tax on City financial services firms or hike the banking surcharge during Labour’s business conference [...]
Rachel Reeves: Macron is ‘eating UK’s lunch’ when it comes to global investment December 7, 2022 French President Emmanuel Macron is “eating the UK’s lunch” when it comes to attracting global investment, shadow chancellor Rachel Reeves has said. Reeves today told City A.M. that France was stealing investment away from British start-ups post-Brexit, with the shadow chancellor promising to help pension funds unleash billions of pounds of long-term capital into the [...]
Matt Hancock to stand down at the next election December 7, 2022 Matt Hancock will stand down at the next election, with the ex-health secretary telling Rishi Sunak that the Tories “must now reconnect with the public we serve”. Hancock said he had “discovered a whole new world of possibilities which I am excited to explore”, just weeks after he came third on I’m a Celebrity…Get Me [...]
Christmas chaos: Sunak threatens new widespread strike-busting laws December 7, 2022 Rishi Sunak is now looking at new widespread strike-busting legislation as the UK gets ready for a winter of disruption. Sunak announced during Prime Minister’s Questions (PMQs) today that “I have been working for new tough laws to protect people from” increasing strike action, with Number 10 announcing they will go beyond transport strikes. Number [...]
Biden and Sunak strike deal to double UK gas imports from US December 7, 2022 The US wants to more than double its gas exports to Britain next year, after Rishi Sunak and Joe Biden struck a landmark deal yesterday.
Strikes: Sunak convenes cabinet as Number 10 tells RMT to reconsider pay offer December 6, 2022 Rishi Sunak has sent a fresh warning to unions ahead of upcoming Christmas strikes, with Number 10 urging transport union bosses to reconsider the current pay offer. Number 10 said National Union of Rail, Maritime and Transport Workers (RMT) boss Mick Lynch should take the current pay offer “seriously” as it is “generous and fair”. [...]
Michelle Mone takes leave of absence from Lords amid PPE controversy December 6, 2022 Under fire Baroness Michelle Mone has taken a leave of absence from the House of Lords in the wake of a controversy involving PPE contracts. Mone is at the centre of a controversy involving the awarding of £200m of PPE contracts that were awarded to a firm linked with the Conservative-affiliated life peer. A spokesperson [...]
Reports: UK set to unveil post-Brexit financial services reforms on Friday December 5, 2022 The UK is reportedly set to bring forward long awaited post-Brexit reforms to the UK’s financial services rulebook on Friday. Bloomberg reported this morning that the Treasury is now completing the final details of the package, with cabinet sign-off expected this week, and that an announcement is pencilled in for the end of the week. [...]
Starmer vows to scrap House of Lords ‘as quickly as possible’ December 5, 2022 Sir Keir Starmer has vowed that a Labour government would scrap the House of Lords “as quickly as possible”, but refused to confirm a timeline. The Labour leader would not say if his party would make the change in the first term of a potential future government, after a new report by Gordon Brown called [...]
More Tory MPs expected to announce exit from politics this week December 5, 2022 Today is the deadline for Tory MPs to confirm if they will stand at the next election, with more expected to announce their exit from frontline politics over the next week. A growing number of Conservative MPs have announced their intention to step down at the next election, which is expected by the end of [...]
