BEIS break-up: New department will help government combat energy crisis, argue experts February 7, 2023 Experts say the break-up of BEIS and the emergence of a new energy department could improve government decision making.
Sunak’s reshuffle: Shapps, Badenoch, Hands and Donelan in new cabinet roles after Zahawi’s sacking February 7, 2023 Prime Minister Rishi Sunak has appointed Greg Hands, a former trade minister, as the chair of the Conservative party after Nadhim Zahawi was sacked last month. The Department for Business, Energy, Industry and Strategy has also been broken up into two separate bodies. Grant Shapps, the former Business Secretary has been appointed Secretary of State [...]
Me? A Bank CEO?: First Direct’s boss on his unusual route to the top February 7, 2023 CEO of First Direct Chris Pitt speaks with City A.M.’s Editor Andy Silvester about his unusual route to the top of the bank and setting his sights on even loftier ambitions for Britain’s young people First Direct boss Chris Pitt and I are walking down towards City A.M.’s offices near Monument. It’s a walk down [...]
Britishvolt: Rescue deal doesn’t mean UK will achieve EV goals, analysts say February 7, 2023 The UK’s future in electric vehicles is uncertain, warned experts, despite the impending rescue takeover of collapsed start-up Britishvolt.
House prices are poised to slide in 2023 but straight into the hands of the lucky few February 7, 2023 There’s a pretty wild variety of house price predictions doing the rounds. Capital Economics have forecast they could fall 12 per cent, while experts at property search site Zoopla are a bit more optimistic. The consensus seems to be somewhere around a six per cent fall in 2023. One thing is certain: house prices are [...]
Truss didn’t win the argument, she’s rewriting history to claw her way back February 7, 2023 Liz Truss has defended her go-for-growth tax cuts in her mini-budget last year, but the ideological clothing is a farcical excuse to keep her relevancy in Westminster, writes Will Cooling
FTSE 100: London falls from record high as retailers JD Sports, Next and Mike Ashley’s Frasers drag index down February 6, 2023 The FTSE 100 started the week lower on Monday, as retailers dragged the index lower. The capital’s premier index dropped 0.82 per cent to 7,836.71 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, closed at 20,409.38, down 0.89 per cent. The fall takes the [...]
Analysis: An epidemic of political relevance deprivation February 6, 2023 Liz Truss’s 4,000 word essay, Matt Hancock ironing a tie and Boris Johnson’s American ambitions. Comment & Features Editor Sascha O’Sullivan on the politicians desperately clinging on to relevance.
Brexit supporters admit leaving EU was a ‘disaster’ after ‘a drink or two’, ex home sec Amber Rudd says February 6, 2023 Former home secretary Amber Rudd has claimed that some Brexiteers, after “a drink or two”, will admit that the decision to leave the EU has been a “disaster”. Ms Rudd, who stood down as an MP in 2019 amid internal Tory Party clashes over the handling of Brexit, also said she could not be in [...]
FTSE 100 live: London index pulls away from record high as US dollar strengthens on Fed rate hike bets February 6, 2023 London’s FTSE 100 climbed down from its record high to kick off the week today, dragged lower by big British retailers taking a tumble. The capital’s premier index dropped 0.87 per cent to 7,833.20 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.10 [...]