Sunak ‘the underdog’ hits out at ‘forces that be’ backing Truss July 23, 2022 Rishi Sunak has labelled himself as the “underdog” in the Tory leadership race, hitting out at the “forces that be” backing rival Liz Truss. “The forces that be want this to be a coronation for the other candidate,” the former Chancellor said during a speech in Grantham. “But I think members want a choice and [...]
Liz Truss promises post-Brexit bonfire of EU rules that hinder UK growth July 22, 2022 Tory leadership candidate Liz Truss has vowed to seize the opportunities posed by Brexit by scrapping EU regulations that hinder the UK’s growth. The Conservative MP said that if she becomes prime minister, she will scrap any EU rules that hinder investment or fail to support growth in the UK economy by 2023. If Truss [...]
French border police blames ‘unexpected’ incident for Dover bottlenecks July 22, 2022 The French border police has blamed an “unexpected technical” incident for the hour-long bottlenecks at the port of Dover. Authorities said they will work closely with the UK counterparts to handle surging traffic levels. The remarks come after the Port of Dover said the queues were caused by “inadequate French border capacity.” “Resource at the [...]
Investment behemoth Hilco Capital joins race to snap up Paperchase July 22, 2022 Former HMV-owner Hilco has joined the race to snap up Paperchase, according to City sources.
Summer getaway: Dover ‘critical incident’ blamed on French border staff being ‘woefully inadequate’ July 22, 2022 Dover authorities have slammed “woefully inadequate” staffing levels at the French border, with queues on UK motorways tailing back for miles. Ferry operators told travellers to leave several hours to account for delays, while motoring group RAC urged drivers to set off early in a bid to beat long queues. There was a perfect storm [...]
Ryanair boss calls for ‘more common sense’ in implementing post-Brexit immigration rules July 22, 2022 Ryanair’s boss Michael O’Leary has called for “a bit more” of common sense on the government’s side when implementing post-Brexit immigration rules. The Irish executive urged transport secretary Grant Shapps to allow EU workers to work in the UK and ease the ongoing travel chaos. “We have this bizarre situation at the moment that in [...]
UK risks moving backwards in science amid government turmoil, say industry leaders July 21, 2022 The government’s pledge to make the UK a science superpower by 2030 is in “disarray”, after the minister responsible resigned earlier this month. Science minister George Freeman exited his position on 7 July, amid a rebellion against prime minister Boris Johnson. Andrew Catchpole, chief scientific officer at London-listed Open Orphan, which ran tests on Covid-19 [...]
Government’s plans for Solvency II shakeup will force insurers to hold more capital on their books, sector warns July 21, 2022 Insurers have called on the UK government to reconsider their plans to shake up the Solvency II rules that govern the country’s insurance sector, after warning the current plans could backfire. The government’s current plans to reform the European Union’s Solvency II regulations could see life insurers forced to hold more capital than they are [...]
Tory leadership race: Truss claims her tax cuts would decrease inflation July 21, 2022 Liz Truss has today claimed her plan to introduce tax cuts worth £30bn+ would “decrease inflation” as she begins her campaign to win over Tory party members and become Prime Minister. The foreign secretary denied claims by economists, and her leadership rival Rishi Sunak, that her tax plans would further fuel the UK’s 40-year high [...]
Hasta la vista! Boris waves goodbye but casts a shadow for his successor July 21, 2022 THERE’S always an awkward moment when you start a new job, and someone comes round asking you to contribute to a collection for someone you barely know. That moment came unusually quickly for the dirty double dozen that Boris Johnson shuffled into the Cabinet room, with ministers who had been serving him for less than [...]