Letters: Regulation can help not hinder April 1, 2022 [Re: Treasury prepares to unveil new UK rules for crypto industry, March 29] Chancellor Rishi Sunak’s plans to regulate digital currencies should be welcomed throughout the ecosystem for four reasons. First, we believe regulation is reassuring for many customers. Reassurance should encourage further adoption and competition by democratising access to complex products and lowering barriers [...]
Starmer: Public should know if Carrie Johnson was fined in partygate, and if Sunak’s wife Akshata Murthy benefits from Russian ties April 1, 2022 Labour leader Keir Starmer has said the public should know if Prime Minister Boris Johnsons’s wife Carrie was given a fine due to partygate, and if Rishi Sunak’s wife benefits from business ties in Russia. The leader of the opposition was asked whether there was any comparison between Mrs Johnson being fined over the lockdown [...]
Millions of households plunged into fuel poverty today April 1, 2022 Millions of households will be plunged into fuel poverty today caused by the uplift to the cap on energy bills sending the average household annual energy bill close to £2,000, reveals fresh research published today. Some 2.5m households in England have fallen into fuel poverty due to the energy watchdog, Ofgem, raising the price cap [...]
The City View: White Paper, black market for gambling? And April economic uncertainty March 31, 2022 Today Andy Silvester chats to City A.M. reporters Leah Montebello and Jack Barnett. Jack outlines the cost-of-living crunch that, some say, hasn’t been seen since the Second World War. He goes through the economic uncertainty that awaits in April, with tax, energy, and price hikes all coming into effect. Leah boils down the Betting and [...]
Boris Johnson plays down onshore wind power March 30, 2022 Boris Johnson has played down the prospect of ramping up onshore wind power in the government's upcoming energy strategy.
Raising taxes on working people is ‘bananas’, economists warn March 30, 2022 Raising taxes on working people while shielding other forms of income from levies is “bananas,” according to a top wonk’s analysis of chancellor Rishi Sunak’s spring statement. Hiking employers and employees national insurance contributions 1.25 percentage points in April instead of using income tax to raise revenue is the “opposite of what everybody thinks we [...]
Johnson says he is tax cutter, despite hiking tax burden to 70-year high March 30, 2022 Boris Johnson has claimed he and Rishi Sunak are “tax-cutting Conservatives”, despite the pair hiking the UK’s tax burden to its highest level since the 1950s over the past two years. Sunak oversaw cuts to fuel duty and National Insurance last week as a part of his economic spring statement last week, while also announcing [...]
Opinion-in-brief: Rishi is rich – he needs to stop pretending otherwise March 30, 2022 Rishi Sunak is, to put it simply, loaded. During the pandemic we chuckled at his £180 smart mug which kept his tea warm, we mocked him gently for his confessions-of-a-Peloton addict-style foibles. Many were a little taken aback when his wife, Akshata Murthy, headed to Loulou’s in Mayfair on the night after lockdown ended – [...]
Energy analysts welcome renewable plans but warn support for households still needed March 30, 2022 Onshore wind will provide the UK with long-term energy security but won't resolve this winter's energy crisis, according to energy experts.
Despite what we wish, there are no miracle economics Rishi can pull out of his hat March 30, 2022 The economic pressures now known as “the cost of living crisis” were at the core of the criticism of the spring statement last week. Those who once eulogised the Chancellor have now been selling their stocks of Sunak. While much of the commentary is unfair, politics is a trade in which the concept of fairness [...]