Bank of England to usher in new era of higher interest rates after sending them to near 15-year high today May 11, 2023 The Bank of England will rip up the monetary policy order of the last decade and keep interest rates far above their post-financial crisis rock bottom levels over the coming years, new forecasts out today claim. UK borrowing costs are on course to top four per cent for the whole of this year and next [...]
Rishi Sunak’s fate is cursed by 13 years of the Conservatives’ electoral success May 11, 2023 Local elections results are never a prediction for a general election, but still is not Keir Starmer who needs a miracle to find himself in Downing Street pretty soon, it's Rishi Sunak, writes Will Cooling
Brits will flock to Duolingo to dust up on their French but they’re terrified of maths May 11, 2023 We love learning French on Duolingo, but we don't want to learn maths in the UK. But we should, because we would be reaping benefits personally and professionally, writes Phoebe Arslanagic-Wakefield
Sunak backs North Sea oil and gas sector in grilling over Rosebank field May 10, 2023 Prime Minister Rishi Sunak has backed continuing North Sea oil and gas production, arguing that the UK still needs fossil fuels.
First Big Oil, now the Government feels God’s wrath: Justin Welby slams ‘unacceptable’ small boats bill May 10, 2023 Justin Welby launched a stinging attack on the government’s Illegal Migration Bill, branding it “isolationist, morally unacceptable and politically impractical”. The Archbishop of Canterbury made the withering intervention as the flagship legislation on plans to tackle the small boats crisis faced its first test in the House of Lords. It came just a day after [...]
Binance to focus on UK as US whips away the welcome mat May 10, 2023 Binance is set to turn its attention to the UK after declaring the US has become a “very difficult” place for the crypto industry.
PMQs sketch: Rishi Sunak, Keir Starmer and the ghosts of prime ministers past May 10, 2023 After a dismal set of local elections, an unusually boisterous Rishi Sunak waved Tony Blair around like a weapon against Keir Starmer at PMQs.
Harbour Energy blames windfall tax for scrubbing out profits as it confirms heavy jobs cuts May 10, 2023 Harbour Energy confirmed it expects to cut hundreds of jobs in the UK ahead of today's AGM, following the effects of the windfall tax.
Enough windfall taxes: We need oil and gas to go green May 10, 2023 The UK will need oil and gas for decades to come - despite renewables' progress- making calls for toughened windfall tax dubious.
UK risks dropping green energy lead by failing to respond to Biden’s $400bn package, Johnson Matthey chief warns May 10, 2023 The head of one of Britain’s largest manufacturers has warned Prime Minister Rishi Sunak that he risks squandering the country’s lead in clean energy production by failing to respond to US President Joe Biden’s $400bn (£317bn) green stimulus package. Liam Condon, chief executive of Johnson Matthey, told Sky News it has intellectual property which could [...]