Truss: Ukraine-Russia war could last years and be ‘beginning of the end for Putin’ February 27, 2022 Liz Truss has said the Ukraine-Russia war could “last for years” and that it could mark the “beginning of the end” for Russian President Vladimir Putin. The foreign secretary also warned that Russian forces may be preparing to use worse weapons in its invasion of Ukraine, after firmer resistance than the Kremlin expected. The invasion [...]
UK life insurers to have ‘tens of billions’ freed up by scrapping EU’s Solvency II regulation February 25, 2022 UK life insurers will be freed up to invest “tens of billions” of pounds more after the decision to scrap the EU’s Solvency II regulation post-Brexit, City minister John Glen has said. Glen, writing in City A.M., today said changes to the much-maligned EU regulation will unleash investment into “growth-supporting infrastructure like wind farms and [...]
Ukraine: UK to freeze assets of major Russian banks in new sanctions February 24, 2022 All major Russian banks will be shut out from operating in the UK and large Russian firms will be blocked from raising capital in the City in a package of economic sanctions announced by Boris Johnson today, which has been described as the largest ever by a British government. This will include VTB Bank, the [...]
Ukraine: Starmer says UK must ‘cripple’ Russia with sanctions February 24, 2022 Boris Johnson must “cripple” Russia with stringent economic sanctions and freeze the country out from the global financial system, Labour leader Sir Keir Starmer has said. Starmer said the west needs to make a “clean break with the failed approach to handling Putin” in the wake of the Russian President’s full-scale invasion of Ukraine. Johnson [...]
Johnson: Putin’s ‘barbaric venture’ in Ukraine must ‘end in failure’ February 24, 2022 Boris Johnson has vowed that Vladimir Putin’s “hideous and barbaric” venture into Ukraine must “end in failure” as he pledged that the UK will “always defend” the right of Ukrainians to be a sovereign nation. Speaking to the nation at midday today, Johnson said the UK and its western allies would “agree a massive package [...]
War in Europe: World leaders react to Russia’s invasion of Ukraine February 24, 2022 Western world leaders have been united in their condemnation of Vladimir Putin’s decision to invade Ukraine this morning, with Nato countries preparing to implement a tough package of sanctions against Russia. Boris Johnson this morning said Putin’s invasion was a “a catastrophe for our continent”, with the Prime Minister set to make an address at [...]
Rishi Sunak to outline argument for tax cuts in keynote speech February 23, 2022 Rishi Sunak will promise to cut taxes in a keynote speech today, with the chancellor to hit out at “flippant” calls for him to slash taxes immediately without considering the effect on planned spending. The chancellor will say at the annual Mais lecture that “I am going to deliver a lower tax economy, but I [...]
Labour: Starmer to take swipe at Corbyn’s economic legacy in Huddersfield speech February 23, 2022 Sir Keir Starmer will further outline what Labour’s economic policies would look like in government and take a shot at the direction of the party under former leader Jeremy Corbyn in a keynote speech tomorrow. Starmer will say that a Labour government will ensure “Britain will once again grow” and “build an economy of prosperity, [...]
Johnson says UK preparing to ban Russia from issuing state bonds in London February 23, 2022 Boris Johnson has said he is preparing to ban Moscow from issuing sovereign bonds in the UK and bar Russian companies from raising money in the City of London if Vladimir Putin makes further military incursions in Ukraine. The Prime Minister today waved away calls that the UK’s set of sanctions yesterday in response to [...]
Ukraine: Biden bans Russian state bonds from US markets in fresh sanctions February 22, 2022 Joe Biden has tonight blocked two large Russian financial institutions from operating in the US and has banned Russia from issuing new state bonds on American markets in fresh sanctions against Moscow. A number of Kremlin-linked oligarchs will also have their US assets frozen and face travel bans, with Biden saying in a White House [...]
