Dispatch from Birmingham: Truss’ MPs go into hiding as the tide turns once again October 5, 2022 As Conservative politicians, members, policy wonks and journalists decamped to Birmingham, there was a rumour one unnamed Tory MP had arrived early to take pictures around the city, which they could then post on social media while spending Tory conference from the comfort of their hotel room. Elsewhere, one journalist complained of being unable to [...]
As Britain’s identity is pulled apart, we need a vision for a better future October 5, 2022 Responding to this moment with a coherent, optimistic narrative should be essential, whether you are the governing party or aspiring to be the next government. But it is something that still feels notably absent.
Donelan’s data law reform lag raises eyebrows October 4, 2022 Digital secretary Michelle Donelan has faced criticism over her decision to halt the data reform bill, with experts suggesting that changes will cause more harm than good when carving out the UK’s post-Brexit path. Speaking at the Tory party conference yesterday, Donelan said draft legislation first introduced in July would be paused so ministers could [...]
Badenoch plays down hopes of greater access to India for UK services in trade deal October 4, 2022 New trade secretary Kemi Badenoch has warned that any UK-India trade deal is unlikely to vastly increase access to the Indian market for City services firms. Badenoch today confirmed she was sticking to Boris Johnson’s deadline of striking a deal with India by Diwali, 24 October, but watered down expectations about how comprehensive it will [...]
From Poll Tax to tampons and 10p rates: Historic U-turns that left governments red faced October 4, 2022 Kwasi Kwarteng was forced into a U-turn on plans to scrap the 45p tax rate yesterday, just ten days after announcing the proposal in his ‘mini-budget’. While undoubtedly embarrassing for the new Chancellor, he is by no means alone in having to rapidly rethink big Budget announcements. City A.M. caught up with AJ Bell head [...]
Ashurst seeks to capitalise on consulting boom with launch of UK advice business October 3, 2022 City law firm Ashurst is set to expand its services offering by launching a UK consulting business. The Silver Circle firm plans to build on the successes it has had in Australia by launching a London based risk advisory business. Ashurst’s new consulting business will be led by a trio made up of current Ashurst [...]
Rees-Mogg hints government will merge financial services regulators October 2, 2022 Jacob Rees-Mogg has hinted the government will merge the UK’s financial services regulators, after the Prime Minister’s team spoke about the move during summer. It was reported during the Tory leadership contest that Truss wanted to roll the Financial Conduct Authority, the Bank of England’s Prudential Regulation Authority and Payment Systems Regulator into one body. [...]
Minister says Rees-Mogg wants to ditch ‘all business regulations’ for SMEs October 2, 2022 Business secretary Jacob Rees-Mogg wants to scrap all business regulations for SMEs with under 500 employees, according to a Treasury minister. Chief secretary to the Treasury Chris Philp told a fringe event at the Tory party conference today that Rees-Mogg would soon outline a package of measures to slash business regulation. “One of which is [...]
Retail traders look to profit from tumbling pound October 2, 2022 Retail traders have been looking to follow the lead of hedge funds in the past week and capitalise on wild swings in the value of the sterling, sparked by the government’s tax-cutting mini budget.
Forex trading interest remains popular as currencies fluctuate in 2022 October 2, 2022 Justin Grossbard of CompareForexBrokers discusses the enduring forex popularity which, like crypto, is always open for trading.