Truss tells Wall Street execs that she wants ‘lower, simpler taxes in the UK’ September 21, 2022 Liz Truss has declared she will deliver “lower, simpler taxes” to drive investment during a charm offensive of powerful Wall Street executives. The Prime Minister told the group of 15 business leaders during a New York roundtable that her plans will “make us a better place to invest and be unashamedly pro-business” and make the [...]
Government and regulators ‘asleep at the wheel’ as UK risks fintech lead September 21, 2022 THE UK risks losing its lead in the race to be the globe’s fintech capital, founders of some of the UK’s most innovative finance firms have warned. One warned that the government was “asleep at the wheel” and not moving quickly enough to update the rule book. According to the Fintech Founders Summer Survey, in [...]
Liz Truss planning to cut stamp duty as ‘rabbit’ in mini-budget September 21, 2022 Liz Truss and Kwasi Kwarteng are planning to cut stamp duty as the ‘rabbit’ in forthcoming mini-budget. Britain’s new prime minister will announce plans in a bid to spur growth in the UK economy. Reported in the Times, Truss and her new chancellor have been working on plans for over a month, before she was [...]
Scrapping bankers’ bonus cap is only a signal, but it is a signal nonetheless September 21, 2022 AN UNPOPULAR politician is usually a short-lived phenomenon. It appears Liz Truss is hoping that by the time the impacts of her unpopular decisions will be felt, the benefits will be so obvious the electorate will forget their initial teeth-gnashing. She may well be right. Even this column would accept that removing the bankers’ bonus [...]
Liz Truss refuses to rule out scrapping the bankers’ bonus cap September 20, 2022 Liz Truss has today warned that not all her policies will be “popular” as she refuses to rule out scrapping the bankers’ bonus cap. The Prime Minister told journalists in New York that “what is important to me, what is important to the chancellor, is that people have more opportunities, there is more investment, there [...]
Govt looks at ‘business case’ for Channel 4 privatisation and scrapping BBC licence fee September 20, 2022 The UK Government is currently reconsidering its plan to privatise Channel 4 as well as scrapping the BBC licence fee. Culture secretary Michelle Donelan said she was currently “looking at the business case” for the sale of the state-owned broadcaster. “I’m the type of politician that bases their decisions on evidence, that bases their decisions [...]
Exclusive: ‘Covid papered over many cracks which gave firms a false positive’, warns Leonard Curtis CEO September 20, 2022 City A.M. reported recently that millions of people across the UK are now struggling to make ends meet, with only one in ten saying they don’t have any financial concerns. And it’s not just individuals that are struggling: Rising bills are the biggest worry for UK businesses, with many concerned about the spiralling cost of [...]
Liz Truss drops any hope for UK-US trade deal as Global Britain’s Brexit efforts shift to Gulf, India, Australia and Japan September 20, 2022 The Prime Minister has stressed that her trade priority is post-Brexit striking deal with the Gulf states and India, and joining a trade pact with nations including Australia and Japan. At the same time, Liz Truss conceded that negotiations for free trade deal with the US will not restart for years as she flew to [...]
PM Liz Truss: No post-Brexit US trade deal ‘in short to medium term’ September 20, 2022 Prime minister Liz truss has admitted the UK will not be able to strike a post-Brexit trade deal with the US anytime soon, as she lands in New York to address the UN. Britain’s newly-elected leader made the concession to reporters in the US after touching down on Tuesday, with a meeting scheduled with President [...]
What’s next for the UK’s crypto economy? September 18, 2022 Simon Jennings analyses the opportunity for the UK to be at the forefront of change and become the global centre of the crypto economy.