National Insurance rise to hit City of London small businesses the hardest in UK January 30, 2022 Small businesses in the City of London will be the worst hit in the UK by the coming rise in National Insurance, according to new research shared with City A.M. Figures from the House of Commons library, and collated by the Liberal Democrats, show small businesses in the Cities of London and Westminster constituency will [...]
Truss: UK willing to sanction Russian oligarchs close to Putin over Ukraine January 30, 2022 The UK will level tough sanctions on Russian oligarchs close to Vladimir Putin if he invades Ukraine, Liz Truss has said. The foreign secretary said she would next week introduce legislation in parliament that will “target more Russian interests that are of direct reliance to the Kremlin” and that the sanctions would come in place [...]
Exclusive: Brexit financial services regulation bonfire set to be in next Queen’s Speech January 28, 2022 An overhaul of the UK’s financial services regulation is set to be included in the next Queen’s Speech as the government speeds up its push to make the City more competitive post-Brexit. Chancellor Rishi Sunak gave an update to the cabinet on Tuesday about the UK’s plans to shed EU rules for financial services, with [...]
Tugendhat: UK must block Russian access to the City to help stop Ukraine war January 28, 2022 The UK must get tough and block Russia from the City of London’s vast web of financial services if it is to help stop an invasion of Ukraine, senior Tory Tom Tugendhat has said. The Foreign Affairs Committee chair writes in City A.M. today that Boris Johnson should “close down the options that allow” Vladimir [...]
Partygate: Boris Johnson vows to publish Sue Gray report in full January 27, 2022 Boris Johnson has today vowed to publish the full Sue Gray report into allegations of lockdown-busting Downing Street parties. Johnson also said he was “absolutely not” seeking to delay the release of the report as expectations now mount that Gray’s findings won’t be handed to Number 10 until next week. It is believed the Metropolitan [...]
Nadhim Zahawi was ‘instrumental’ in helping Greensill become Covid lender January 27, 2022 Education secretary Nadhim Zahawi was allegedly “instrumental” in helping failed financial firm Greensill Capital lend £400m of Covid loans that are now subject to a fraud investigation, it has been revealed Greensill Capital, who collapsed in March last year and counted David Cameron among its employees, lent £400m of government-backed loans to Sanjeev Gupta’s GFG [...]
Who is Sue Gray and when will her report hit Westminster? January 27, 2022 Westminster continues to be gripped by the coming publication of the Sue Gray report, with speculation that it may now not arrive until next week. Boris Johnson’s political career could be riding on the results of the report, with even some of his allies on the Tory backbenches ready to turn against him if the [...]
Ukraine: UK calls on European allies to put more pressure on Russia January 26, 2022 The UK has called for its European allies to do more in assisting Ukraine fight off Russian aggression, with defence secretary Ben Wallace calling for a “stronger signal” from Germany in particular. Wallace began a tour of the UK’s European allies today in a bid to strengthen the response to the crisis from other Nato [...]
Boris Johnson bats away calls to resign as Westminster waits for Sue Gray report January 26, 2022 Boris Johnson rebuffed calls to resign today over the Downing Street parties saga, with the Prime Minister stonewalling a barrage of questions about the Sue Gray report in the House of Commons. Johnson admitted during Prime Minister’s Questions (PMQs) that he would have to resign if he is proven to have misled parliament over the [...]
Sunak says he is not ‘ignoring’ the billions of pounds of Covid fraud January 26, 2022 Rishi Sunak has moved to assure people he is not “ignoring” or “writing off” billions of pounds stolen from the government’s Covid support schemes. The chancellor today said that “criminals sought to exploit our support schemes”, but that “we’re doing everything we can to get that money back”. Treasury minister lord Theodore Agnew resigned spectacularly [...]
