Rees-Mogg: Treasury ‘hasn’t been serious’ about Covid fraud July 12, 2022 Brexit minister Jacob Rees-Mogg has today said the Treasury “hasn’t been serious” about Covid fraud amid recent figures showing that more than £10bn was lost to scammers. In a further attack on Tory leadership frontrunner Rishi Sunak, Rees-Mogg said on his podcast that the ex-chancellor’s economic policies and “the approach of the Treasury as an [...]
Tory leadership: Priti Patel will not stand in contest July 12, 2022 Home secretary Priti Patel has decided not to run for leadership of the Tory party, leaving Liz Truss as the likely standard bearer for the right of the party. Patel said in a statement today that she was “grateful for the encouragement and support” of her fellow Tory MPs, but that “I will not be [...]
Exclusive: Penny Mordaunt savaged by trade colleagues who say she’s been ‘missing for months’ July 12, 2022 Top Tory leadership candidate Penny Mordaunt has been accused by senior Whitehall figures of neglecting her duties as a trade minister for the past six months, with one claiming “we’ve been a minister down for a long time”. A senior source from the Department for International Trade (DIT) told City A.M. that other ministers had [...]
Government set to unveil fresh capital markets reform to boost the City July 12, 2022 The government is set to push through a number of further reforms to the City’s capital markets to ease the way that listed firms can raise cash and allow greater participation from retail investors.
Tory leadership: Shapps and Raab back Rishi Sunak to be next PM July 12, 2022 Transport secretary Grant Shapps and deputy Prime Minister Dominic Raab have backed Rishi Sunak to be the next Tory party leader, with the former chancellor today vowing “a return to traditional conservative economic values” if he becomes Prime Minister. Shapps’ endorsement comes after he decided to call off his faltering campaign and throw his lot [...]
New Chancellor Nadhim Zahawi in spat with Bank of England’s Andrew Bailey: ‘I’m just setting out my stall as prime minister!’ July 12, 2022 Chancellor Nadhim Zahawi insisted this morning it was appropriate for him to set out tax proposals during his Tory leadership race after criticism from Bank of England Governor Andrew Bailey. He told BBC Breakfast this a.m.: “I’m just setting out my stall as prime minister! And I have fully costed these pledges, and I’ll be [...]
Opinion-in-brief: The Tory leadership race is training in the art of scheming July 12, 2022 A “dirty dossier” on Rishi Sunak – shared by an ally of Priti Patel – contained lines of attack against the frontrunner in the race to become party leader. One was that Sunak had been plotting this all along – with a campaign website domain registered in 2019. Sunak’s campaign team has denied owning readyforrishi.com, [...]
Rishi, Penny, Kemi or Jeremy: Meet the Tory leadership runners and riders fighting to replace Boris Johnson July 12, 2022 The Tory leadership race gained momentum over the weekend, with opening gambits coming thick and fast from candidates across almost every wing of the party. Rishi Sunak, who wasted no time on Friday in publicly stating an intention to stand, remains an early favourite. But a host of hopefuls, including Nadhim Zahawi, Grant Shapps and [...]
Labour to table vote of no confidence as Tory leadership election deadline nears end July 12, 2022 Labour is going to table a vote of no confidence in the government today, as the Conservative leadership election heats up. Keir Starmer will put forward a motion in Parliament to try and force prime minister Boris Johnson out of office before the contest ends. The prime minister, who resigned last week following a series [...]
UK to get new PM on 5 September as Tory leader votes start Wednesday July 11, 2022 The UK will get its 78th Prime Minister on 5 September, with the Conservative MPs to begin the process of electing a new party leader on Wednesday. Sir Graham Brady, chair of the 1922 Committee of Tory backbenchers, this evening announced MPs would have their first vote Wednesday and a second on Thursday. A number [...]