Football regulator WILL have more powers to investigate club owners but WON’T block takeovers linked to Saudi Arabia or Qatar, says sport minister Stuart Andrew February 23, 2023 The incoming independent football regulator will be given wider powers to investigate prospective owners – but will not block takeovers by Saudi Arabia or Qatar. A regulator will have more scope to look into the backgrounds of would-be buyers of English teams, similar to the checks in place in financial services. “We are looking at [...]
Rishi Sunak: PM’s personal poll ratings hit record lows February 22, 2023 Rishi Sunak’s approval rating has reached its lowest point yet amid widespread pessimism about Brexit and the direction of the UK. Just 27 per cent of people told pollster Ipsos that they had a favourable opinion of the Prime Minister in a survey, while 46 per cent said they had an unfavourable view. A month [...]
PMQs sketch: Starmer stands up for the Tory backbenches February 22, 2023 As Rishi Sunak tries to keep unity together in Northern Ireland - and build some on the Conservative backbenches and Starmer prepares to unveil the Five Missions no one asked for, Sascha O’Sullivan on today’s Prime Minister’s Questions.
Our post-Brexit relationship cannot be left in the hands of ideologues February 22, 2023 Cast your mind back to Christmas 2020. As most of us settled into the sofa for a Christmas behind-closed-doors, shuttle diplomacy saw the UK finally secure a Brexit deal with the EU on the country’s future relationship with the trading bloc. Boris Johnson hailed it as “glad tidings of great joy.” To all the world [...]
Labour ‘very supportive’ of post-Brexit overhaul of EU Solvency II rules February 21, 2023 Labour is “very supportive” of the government’s plans to overhaul EU rules that govern Britain’s insurance sector, shadow chancellor Rachel Reeves said. The government is eager to overhaul the EU-era Solvency II rules, which govern the sums of money insurers must hold on their balance sheets to protect themselves against bankruptcy, in a bid to [...]
Explainer: How the Conservatives lost the farmers’ vote February 21, 2023 The Conservatives have lost Britain’s farmers. In December, support for the Tories among farmers dropped to 42 per cent. For the first time in living memory, less than 50 per cent of the farming community said they would vote Conservative if there was an election tomorrow. In December 2021, that number was 57 per cent. [...]
Brexit: City’s top man says firms grew ‘complacent’ prior to split from EU February 21, 2023 The Lord Mayor has said British businesses got “complacent” prior to Brexit – and will now need to work harder to develop relationships across the world. In an interview with the Sydney Morning Herald ahead of a trip to Australia this week, Nicholas Lyons said there would need to be an “enormous step up from [...]
Pressure mounts on Sunak over planned six per cent rise in corporation tax February 20, 2023 Prime minister Rishi Sunak is facing down the prospect of a rebellion over next month’s budget as renewed pressure mounts over a planned increase in corporation tax increase. Seven top Tory backbenchers and business owners including Wetherspoons boss Tim Martin have urged Sunak and chancellor Jeremy Hunt to scrap the planned six per cent rise. [...]
Post Brexit overhaul planned by FCA to secure the UK’s status as an international hub for asset management February 20, 2023 The Financial Conduct Authority is looking to overhaul rules governing the asset management industry in a bid to keep the UK attractive to international money managers after Brexit, the regulator announced today.
Concerns raised with EU’s new clearing regulations as it aims to lure market to bloc February 20, 2023 Experts have warned that financial institutions operating in the clearing market are likely to face increasing costs as the EU brings in new regulations to grow its domestic clearing market. Under proposals announced in December, central counterparty clearing houses (CCPs) – an institution that helps manage the risks that might arise if one counterparty defaults [...]