As Gove returns to the toxic housing seesaw, inflation will become his worst enemy October 27, 2022 After Monday’s reshuffle, and the new prime minister’s promise to fix the mistakes of his predecessor, can we expect some much needed stability in politics? Perhaps that’s wishful thinking, given the psychodrama that has rocked the Conservative party for the past year. But for those who are looking for some measure of consistency, there might [...]
FTSE 100 weighed down by banks and pound strengthens on Sunak’s second day in No 10 October 26, 2022 London’s FTSE 100 was dragged down today by investors ditching shares in the UK’s largest banks despite a strong set of results, but managed to squeeze gains thanks to a late rally. The capital’s premier index jumped 0.61 per cent to over the 7,000 mark points, while the domestically-focused mid-cap FTSE 250 index, which is [...]
Number 10 confirms Rishi Sunak will bring back fracking ban October 26, 2022 Downing Street has confirmed Rishi Sunak will drop Liz Truss’ plans to end the England ban on fracking. The Prime Minister told MPs today that he “already said I stand by the manifesto on” fracking, which committed to maintaining a moratorium on the practice unless scientific evidence shows it’s safe. Sunak’s spokesperson confirmed today that [...]
Starmer: PM did ‘grubby deal’ to make Suella Braverman home secretary October 26, 2022 Sir Keir Starmer has accused the new Prime Minister of doing a “grubby deal” to make Suella Braverman home secretary, after she was sacked from the role last week. Braverman was sacked by Liz Truss for breaching the ministerial code when she sent Home Office documents to a Tory backbencher. It has been widely speculated [...]
Pound climbing fast: UK assets buoyed by PM Sunak as Sterling hits highest level since mini-Budget October 26, 2022 Rishi Sunak’s appointment as PM has buoyed UK assets this morning and is taking the pound towards the 1.16 level against the US dollar, the highest level since the mini-budget. “Almost all news headlines have centred around the appointment of Rishi Sunak as next Tory leader and Prime Minister. Discussing Sterling this morning with City [...]
Sunak delays Halloween fiscal statement until 17 November October 26, 2022 Prime Minister Rishi Sunak has delayed next week’s Halloween fiscal statement until 17 November on his first full day on the job. Chancellor Jeremy Hunt said it will now be a “full autumn statement”, instead of a truncated emergency plan to outline how the government will get debt falling. The announcement caused a sell-off of [...]
Renewable body urges rollout of wind power to lower household bills October 26, 2022 Industry group Renewable UK is urging the Government to accelerate the roll-out of wind power to avoid future gas crises for consumers.
Representation in politics and media creates opportunities for a generation October 26, 2022 A few weeks ago, many of us were woken up by a curious occurrence: the presenters of BBC Radio 4 Today discussing their fellow presenter – Amol Rajan’s – challenge to the BBC Director General on accent bias among BBC News presenters. Whilst the conversation was all quite meta – with a small “m”- it [...]
Businesses’ ask for the next budget? Make a decision and stick with it, for all our sakes October 26, 2022 Taxes will have to go up and spending down – to the tune of some £40bn on top of what has already been announced by the Chancellor, Jeremy Hunt.
Letters: Not another carte blanche October 26, 2022 [Re: A blank cheque for two years of capped energy prices was a perverse kind of plan, yesterday] In response to Jonathan Maxwell’s piece yesterday, I would not call the plan to cap energy prices “perverse”, I would say it was about giving people the ability to plan, to know what was going to [...]