Sunak says UK-China dialogue needed to solve ‘global challenges’ November 15, 2022 Rishi Sunak has said the UK and China need to stay in dialogue to solve “big, global challenges” in a backdown from his hawkish stance during the Tory leadership contest. The Prime Minister today said China was a “systemic challenge both to our values and our interests” and the “biggest threat to our economic security”, [...]
Ex-environment minister slams the ‘failures’ of UK-Australia Brexit deal November 15, 2022 The UK's free trade deal with Australia was a poor deal for the country which "gave away far too much for far too little in return."
“On the to-do list”: City minister promises reform as London slips behind Paris November 14, 2022 THE CITY minister Andrew Griffith yesterday said post-Brexit financial services reforms were on his “to do list” after new figures suggesting Paris’ stock market had overtaken London’s sent a shockwave through the Square Mile. The total value of all listings in the French capital overtook London last month, according to number crunchers at Bloomberg. Whilst [...]
Badenoch to push for ‘muscular liberalism and free trade’ in US trip November 14, 2022 The UK and US must show the world that “muscular liberalism and free trade are a force for good”, trade secretary Kemi Badenoch has said before her trip to Washington. The Department for International Trade (DIT) said Badenoch, who is leaving today, would “promote UK-US trade” during her trip while speaking out against protectionism. Badenoch [...]
Lord Mayor says City must provide ‘financial resilience’ during UK recession November 14, 2022 The City must help provide “financial resilience” to help the UK get through the incoming recession, according to the new Lord Mayor of London. Nicholas Lyons, who is the 694th holder of the post, wrote in City A.M. today that “financial services industry must find ways to help people bridge this crisis by providing insurance [...]
UK has too many agencies responsible for fraud, ex-culture secretary says November 13, 2022 The UK needs a more streamlined way to combat fraud instead of relying on the “alphabet soup” of agencies that currently operate, Baroness Nicky Morgan has said. Morgan, a former digital and culture secretary, said the UK is a “world leader” in digital fraud and that there are “far too many agencies and regulators and [...]
Democrats keep control of the Senate in midterms as Nevada stays blue November 13, 2022 The Democrats have kept control of the US Senate, after Catherine Cortez Masto won her Nevada senatorial race in a nailbighting finish. Senator Cortez Masto beat her Republican opponent Adam Laxalt by just 6,600 votes to give the Democrats 50 of 100 seats in the upper house, which gives the party a working majority as [...]
Hunt warns of tax hikes for everyone in fiscal statement November 13, 2022 Jeremy Hunt has warned that tax will rise for everyone in his autumn statement next week, while promising the most vulnerable will be protected. The chancellor said the government “will be asking everyone for sacrifices” but that there is “only so much we can ask” from low income workers. Hunt is expected to raise between [...]
UK and EU ‘not far apart’ on NI Protocol, says Brussels’ ambassador to London November 10, 2022 London and Brussels are “not that far apart” on negotiations over the post-Brexit Northern Ireland Protocol, according to the outgoing EU ambassador to the UK. João Vale de Almeida today said he was “encouraged” by Rishi Sunak’s meetings with EU leaders since becoming PM last month and by the recent mood music between the two [...]
Labour calls for business rates relief in Hunt’s autumn statement November 10, 2022 Labour has called for Jeremy Hunt to provide tax relief for small businesses in his autumn fiscal statement as firms stare down rates hikes in April. Labour deputy leader Angela Rayner told City A.M. today that the chancellor “must” next week axe the planned inflation-linked increase to business rates, while calling for a complete tax [...]
