Brexit: ‘Frosty the no man’ to turn heat up on EU in Lisbon October 12, 2021 The UK government is set to double down on threats to suspend the post-Brexit Northern Ireland Protocol today in what is likely to spark weeks of UK-EU fighting. Cabinet Office minister Lord David Frost will deliver an address in Lisbon this afternoon in which he will outline the UK’s current position on Northern Ireland Protocol [...]
Trevelyan hits out at ‘unfair trading practices’ in swipe at China October 11, 2021 The UK’s new international trade secretary will tomorrow hit out at countries engaging in “unfair trading practices” in an apparent attack on China. Anne-Marie Trevelyan will use her first G20 trade meeting in Sorrento, Italy to say “we will not allow British businesses who play by the rules to be damaged and undercut by market-distorting [...]
Energy crisis: Treasury mulling over emergency cash request for industrial firms October 11, 2021 The Treasury is now considering a formal emergency funding request to help bailout industrial firms struggling with energy price rises in what appears to be an end to a cabinet row. The Department of Business, Energy and Industrial Strategy (Beis) today submitted a formal funding request to Rishi Sunak’s department, after the Treasury yesterday said [...]
Energy crisis: Industry chiefs turn up heat on ministers to provide more support October 11, 2021 Heavy industry bosses have piled pressure on the government this morning to provide emergency cash to manufacturers struggling to cope with surging energy costs. Business secretary Kwasi Kwarteng yesterday said he was in talks with Treasury to provide emergency funding to heavy industry firms, however the claim was quickly slapped down by anonymous sources at [...]
Oxford-AstraZeneca vaccine creator to make keynote speech at UK’s Global Investment Summit October 11, 2021 The UK’s pharmaceutical industry is set to take top billing at the UK’s Global Investment Summit next week, with GlaxoSmithKline’s chief executive and one of the creator’s of the Oxford-AstraZeneca vaccine to deliver keynote speeches. GSK chief Dame Emma Walmsley and Oxford University vaccinologist Sarah Gilbert will be alongside World Trade Organisation (WTO) director-general Dr [...]
Energy crisis: Kwasi Kwarteng rows with Treasury over heavy industry bailout talks October 10, 2021 Kwasi Kwarteng has been slapped down by the Treasury over emergency funding for struggling industrial firms, with the business and energy secretary accused of “making things up”. Kwarteng said he was speaking with the Treasury about a solution to help struggling manufacturers that are on the brink, however the Treasury has anonymously briefed to Sky [...]
UK’s big five banks set to pay out £7bn in dividends as their earnings soar October 10, 2021 The UK’s largest banks are preparing to hand out a collective £7bn in dividends this year, on the back of earnings hitting their highest level for the sector since 2008. The £7bn payout would be more than double the £3.3bn handed out in dividends by the UK’s big five in 2020. The UK’s five largest [...]
Brexit: UK set to renew EU hostilities with call for courts overhaul in Northern Ireland Protocol October 10, 2021 The UK is set to reignite hostilities with the EU over the Northern Ireland Protocol, with Boris Johnson’s Brexit minister to call for an overhaul of how the treaty is legally overseen. Lord David Frost will say removing the European Union of Justice’s (CJEU) jurisdiction over the post-Brexit protocol will be a new “red line” [...]
Tory manifesto pledge to build 300,000 new homes a year ‘almost impossible’, say analysts October 10, 2021 Boris Johnson’s pledge at the last election to build 300,000 new home a year by the middle of this decade is now “almost impossible” due to labour and material shortages, according to industry groups. The Conservative party’s election winning 2019 manifesto included a promise to build “300,000 homes a year by the mid-2020s” and that [...]
Boris Johnson off to Spain on holiday as UK stares down energy and cost of living crises October 10, 2021 Boris Johnson and his wife Carrie have jetted off for a week-long holiday in sunny Spain as energy and cost of living crises begin to bite for millions of Brits. The Prime Minister will be in Marbella, which is in the Costa del Sol, until Thursday in a luxury villa with his wife and young [...]
