UK will not follow Biden’s ‘subsidy bowl’ economic policy, Chancellor says September 16, 2023 The government’s £500m intervention into Britain’s biggest steelworks is not a sign that ministers are set to follow Joe Biden’s “subsidy bowl” economic policy, the Chancellor has said. Jeremy Hunt insisted that the financial backing for Tata, the Indian conglomerate owner of the Port Talbot steelworks in South Wales, came after “very credible commitments” were [...]
Ex-Kemi Badenoch advisor: Government ‘does not know, nor really care’ about business issues September 15, 2023 A former adviser to Kemi Badenoch has made a string of criticisms of her former boss and government business policy
Wimbledon MP Stephen Hammond joins exodus of Tory MPs quitting at next election September 15, 2023 Stephen Hammond has become the latest MP to confirm they will call it quits at the next election. The Wimbledon MP and former minister will join a Conservative exodus, with more than 40 announcing that they will not defend their seat in an election that is likely to take place next year. In a letter [...]
Another HS2 mess: Downing Street refuses to guarantee it will run to Manchester September 14, 2023 Downing Street has refused to guarantee the HS2 railway line will run to Manchester as planned.
Rolls-Royce AI lead replaces Sir Patrick Vallance as national technology adviser September 14, 2023 A former Rolls-Royce technology officer who led on AI is set to replace Sir Patrick Vallance as the government’s national technology adviser. Dr Dave Smith, previously managing director of the software firm Roke that developed Hawkeye, will work on integrating academic and industry expertise with the government. Dr Smith told City A.M. he wanted to [...]
Our political angst over the triple lock is a result of a deeply unfair tax system September 14, 2023 It would be political suicide for Rishi Sunak to scrap the pensions triple lock, but the frustrations with it are part of how we tax income, rather than wealth, writes Will Cooling
France’s Macron set to meet Starmer as Labour bids to boost global standing September 13, 2023 Emmanuel Macron is reportedly set to host Sir Keir Starmer next week for a meeting in Paris, as the Labour leader seeks to boost his international standing ahead of the next general election. Labour has not yet confirmed reports that Sir Keir and the French President will meet, after reports that a meeting in the [...]
UK exports to EU increase in July but services still stagnant September 13, 2023 The UK saw a "steady" expansion in exports of goods to the EU in July but the services sector saw continued stagnation, official data out today showed.
Theresa May: My Brexit would have been better than Johnson’s ‘bad deal’ September 13, 2023 Theresa May has said her Brexit deal would have been better for the UK than Boris Johnson’s, as she promotes her new book.
UK vape ban slammed as ‘own goal’ for the government September 13, 2023 Industry groups have slammed a looming government plan to ban disposable vapes, warning it is a threat to public health.