Claire Coutinho replaces Grant Shapps as energy secretary August 31, 2023 Claire Coutinho has been appointed energy secretary in a promotion to a top cabinet role, amid a mini-reshuffle of the Prime Minister’s core team. It follows Grant Shapps moving over to the Ministry of Defence (MoD) after defence secretary Ben Wallace resigned from cabinet ahead of stepping down as an MP at the next general [...]
Grant Shapps replaces Ben Wallace as defence secretary taking fifth post in a year August 31, 2023 Grant Shapps has been made defence secretary, in a mini-reshuffle sparked by predecessor Ben Wallace stepping down from cabinet. It comes after Wallace announced in July he would be leaving the role and stepping down as an MP as the next election – after a political career spanning almost a quarter century. Shapps, who has [...]
Mike Ashley’s Frasers carves out 9.1 per cent stake in Boohoo as share price rises August 31, 2023 Mike Ashley’s Frasers Group has raised his stake in fast fashion firm Boohoo from 7.9 per cent to 9.1 per cent. The retail powerhouse, which owns Sports Direct and Frasers, had previously carved out a smaller stake in the company earlier this summer. The company previously said the move with Boohoo could lead to collaborations [...]
Government scraps hydrogen levy saving households £120 per year August 30, 2023 The government has ditched the controversial 'hydrogen levy' following pushback from the energy sector and backbench MPs.
Mortgage approvals sink in July as market continues to cool on rising rates August 30, 2023 The number of mortgage approvals fell sharply in July as the housing market continues to cool off the back of rising interest rates.
New borrowing slows as Bank of England’s rate hikes take effect August 30, 2023 Consumer borrowing increased at a slower rate than expected last month as the Bank of England’s interest rate hikes hit demand for new loans. Bank of England figures out this morning showed that the monthly increase in consumer credit was £1.2bn, £400m less than the £1.6bn increase seen in June. Although borrowing on credit cards [...]
MPs slam China’s role in new offshore wind farm that could power over one million homes August 30, 2023 Conservative MPs have criticised the role of a Chinese investment group in a new offshore wind farm that could power over a million homes.
Government bill for Sizewell C nuclear power plant passes £1bn mark August 29, 2023 Government spending on the proposed nuclear power plant Sizewell C crossed the billion pound threshold today after the government committed more funds to the project.
Ryanair boss slams ‘unacceptable’ air traffic control chaos August 29, 2023 Ryanair boss Michael O’Leary has slammed air traffic control (ATC) provider Nats for the “unacceptable” disruption caused over the past two days.
Brexit border checks on food delayed for fifth time August 29, 2023 The implementation of post-Brexit border checks on food products coming from the EU has been delayed for a fifth time.