Rishi Sunak will put City back at heart of Westminster decision making July 18, 2022 Tomorrow the Chancellor of the Exchequer will deliver the Mansion House speech, an annual milestone in the calendar of bankers, brokers, financiers and fiscal hawks in which the Chancellor’s vision for our financial services sector is outlined in a room with the UK’s most senior business leaders. Only two weeks ago I was working with [...]
Re-do Brexit? Let’s use the levers we already have July 18, 2022 Please, not again, Even in this groan-inducing contest, Penny Mordaunt’s pledge to ‘re-do’ Brexit was enough to leave even the most ardent Westminster watcher in despair. The idea of revisiting the interminable summits and political bravado that defined our politics – and crowded out anything more productive – for years is surely one for the [...]
Sunak call to slash all EU rules by 2024 contradicted by the Treasury July 17, 2022 Rishi Sunak’s new promise to slash all retained EU regulations by 2024 has been contradicted by a leaked Treasury document today saying this would not be possible. Sunak wrote in the Sunday Telegraph today that he will have “scrapped or reformed all of the EU law, red tape and bureaucracy that is still on our [...]
Exclusive: Starmer says UK can be better off outside EU than inside July 16, 2022 Labour leader Sir Keir Starmer has told City A.M. that the UK can have a better economic future outside the EU than inside if the government slashes post-Brexit red tape and diverges from Brussels’ regulations. Starmer, formerly a staunch Remainer and advocate of a second referendum, said this can only be done through greater “flexibility” [...]
UK risks losing life science firms to the EU with sluggish medicine approvals July 15, 2022 The UK is falling behind the European Union (EU) in approving new medicines, which could be the first step in life science firms picking up and moving over to the mainland. The UK’s medicines regulator typically approves novel medicines around a month slower than its EU counterpart, research by Imperial College London has found. Lead [...]
Just Eat offers restaurants bikes, loans and cashback as they falter amid historic inflation July 14, 2022 Just Eat has unveiled a £1m support package with financial support for its independent restaurant partners as they struggle amid inflationary pressures. Small, independent firms in the UK will be able to access the support package, which includes marketing and financial support – that does not need to be re-paid. Businesses have been struggling in [...]
‘Stop Sunak’: Downing Street denies running smear campaign despite fierce attacks from Boris Johnson allies July 13, 2022 Downing Street this afternoon denied running an anti-Rishi Sunak smear campaign as Boris Johnson’s allies singled out the former chancellor for criticism in an increasingly bitter leadership contest. The caretaker Prime Minister’s press secretary insisted on Wednesday that Johnson is “staying neutral” despite his remaining loyalists throwing their support behind Liz Truss. Sunak, who currently [...]
Exclusive: Labour eyes up reform to ‘prescriptive’ EU finance rules July 13, 2022 Shadow city minister Tulip Siddiq said she would look to overhaul “prescriptive” EU-era regulation in financial services today as the Labour party mounts an offensive to try and win over the City.
Labour ramps up Sunak attacks as Johnson says he leaves ‘with head held high’ July 13, 2022 Labour has ramped up its attacks on Tory leadership frontrunner Rishi Sunak at Prime Minister’s Questions (PMQs) as Boris Johnson declared he would leave Number 10 “with my head held high”. Labour leader Sir Keir Starmer called for the end of non-domiciled tax status – in a likely dig at Sunak’s wife who was a [...]
Tory leadership: Mordaunt claims she is candidate ‘Labour fears most’ July 13, 2022 Penny Mordaunt has said she is the Tory leadership candidate that “Labour fears most” as she prepares to face off in the first round of MP votes today. The trade minister said in her official campaign launch today that she gives the Conservative party the “best shot” at winning the next election, while also vowing [...]