PMQs: Sunak to come under fresh scrutiny today amid Zahawi tax row and calls to fire Tory chair January 25, 2023 Rishi Sunak will come under fresh pressure over Nadhim Zahawi as he resists firing the Tory party chairman despite him being under investigation over his tax affairs. Labour leader Sir Keir Starmer is likely to seize on the fallout from Mr Zahawi’s multi-million pound settlement at Prime Minister’s Questions on Wednesday. The Prime Minister ordered [...]
The Notebook: Jimmy McLoughlin on ChatGPT, a healthy EY boss and the Scotch industry January 25, 2023 The political aide turned podcast host riffs on ChatGPT, the Scotch industry and RSVPs to the party of the year
Wetherspoon boss Tim Martin lashes out at ‘vast disparity in VAT treatment’ between pubs and supermarket alcohol sales January 25, 2023 Wetherspoon boss Tim Martin has launched a scathing attack on the government, saying the biggest threat to pubs is the “vast disparity in tax treatment” compared to restaurants and supermarkets. The outspoken chain boss said he was “cautiously optimistic” for the financial year ahead, as the firm published its like-for-like sales in the 25 weeks [...]
Heat pumps too expensive to meet social housing needs, warns Sureserve January 24, 2023 The government will need to drive down the price of heat pumps if it is serious about transitioning from gas boiler, warns Sureserve.
Ovo Energy backs social tariff for vulnerable households facing record bills January 24, 2023 Ovo Energy has joined calls for a social tariff to help vulnerable households grappling with record energy bills.
Why is the FTSE 100 nearing a record high with a recession looming? It ain’t the economy, stupid January 24, 2023 The FTSE 100 is becoming one massive hedge fund. That’s why it’s doing so well when all the doomsters have warned the UK is headed for a long, albeit shallow, recession over the next year. Of course, the stock market isn’t the economy. How many high street coffee shop owners do you know that worry [...]
Feared activist investor Elliott snaps up multi-billion dollar stake in Salesforce January 23, 2023 Activist investor Elliott Management has snapped up a multi-billion dollar stake in Salesforce as the software firm is rattled by a slowdown in growth and slashes its headcount. In a statement shared with City A.M. today, Elliott managing partner Jesse Cohn said Salesforce was “one of the preeminent software companies in the world” and Elliott [...]
Rishi Sunak: PM orders probe over Nadhim Zahawi’s tax dispute January 23, 2023 Rishi Sunak has ordered an investigation into Nadhim Zahawi as the Tory party chairman faced growing calls to quit after paying a penalty to resolve a multimillion-pound tax dispute. The Prime Minister asked new ethics adviser Sir Laurie Magnus on Monday to assess whether the former chancellor breached the ministerial code with the HC settlement. [...]
Boris Johnson visits Kyiv amid fresh Tory sleaze claims January 23, 2023 Former Prime Minister Boris Johnson headed to Kyiv this weekend as he is caught up in new claims of sleaze. The politician met President Vlodymyr Zelensky and other leading politicians int he war-torn county, while also travelling to towns which have been bombarded by Russia. Johnson reportedly visited Borodianka, Bucha and other suburbs of the [...]
A tale of two industries: Government will regret saving steel over Britishvolt January 23, 2023 The government could regret backing British Steel while leaving Britishvolt to collapse, writes energy editor Nicholas Earl.