Chaos continues: Number 10 says fracking motion WAS vote of confidence and rebels face ‘disciplinary action’ October 20, 2022 Liz Truss sent a late-night memo to Tory MPs telling them Wednesday evening’s motion on fracking was confidence vote after all – and rebels “ can expect proportionate disciplinary action.” Number 10 sent the note just after 1.30am after confusion and anger dominated the vote in Commons last night, amid accusations of physical assaults and [...]
Peter O’Toole is the style icon, not Harry Styles October 20, 2022 As a society obsessed with novelty and hyperbole, we seem to anoint a new “style icon” on a weekly basis, more often even than we change chancellors of the exchequer. Recently we have bowed down before Harry Styles, who seems to have slept in his grandmother’s laundry basket; Tom Holland, awkward out of his Spider-Man [...]
Police shut roads near Cannon St after man climbs on Starbucks roof and throws rocks at building October 18, 2022 Roads between Cannon St and the City Magistrates’ Court has been closed off after a man climbed on top of a building and started throwing rocks. The individual was filmed smashing rocks on the roof of a Starbucks in the centre of the City, on Wallbrook, before throwing them at an adjacent building. At about [...]
Truss mini-budget sparked five worst days on UK debt market on record, Bank of England says October 18, 2022 Prime minister Liz Truss’s botched mini-budget triggered the five most volatile days on the UK debt market since records began 22 years ago, the Bank of England said today. Financial markets were rocked by Truss and her former chancellor Kwasi Kwarteng launching £45bn worth of unfunded tax cuts and raising borrowing to fund a two-year [...]
Khan: Crossrail’s Bond Street station can revitalise “tired” parts of Oxford Street October 18, 2022 London Mayor Sadiq Khan has said the opening of Bond Street’s Elizabeth Line station next week will help revitalise a “tired” part of Oxford Street – and keep big-ticket retailers in the West End. The station is the last of the Crossrail stations to open, having been delayed due to the complexity of the build. [...]
Khan: Tourist tax-free shopping u-turn bad for London’s businesses October 18, 2022 Sadiq Khan has slammed the government’s decision to u-turn on a plan to give tourists tax-free shopping. The Mayor of London said he “absolutely” shared the concerns of West End businesses, who have expressed disappointment that the capital will lag behind other cities’ in efforts to welcome high-spending foreign visitors. “VAT-free shopping for international tourists [...]
Exclusive: Government must offer more subsidies to meet green hydrogen goals October 18, 2022 Government instability and a less attractive investment climate make the UK less appealing for hydrogen projects, warns ATOME Energy.
Goldman Sachs profits trimmed by sluggish deal making October 18, 2022 A sharp slowdown in deal making activity caused by the weakening global economic environment has squeezed investment banking giant Goldman Sachs’s profits, the firm announced today. Net earning applicable to common shareholders at Goldman over the three months to September fell to $2.96bn (£2.62bn). That is nearly half the $5.28bn (£4.67bn) notched by the Wall [...]
Verdict on Liz Truss in world media outright brutal as PM turns into global laughing stock October 18, 2022 Developments in the UK have been closely followed by media across Europe and the rest of the world, and the verdict from most outlets is outright brutal. The Colombian newspaper El Colombiano, carrying a story with the headline “Liz Truss the Brief”, wrote that “Liz Truss, who’s been the British PM for barely six weeks, [...]
To recreate a 1997 victory, Labour needs to find a clear path to do more – with less October 18, 2022 One of the most recent polls has put Labour 26 points ahead of the Conservatives. Even less favourable polling would still give Labour a big 1997-style landslide. In other words: great news for Labour, bad news for the Tories, with the Prime Minister already clinging to her job just five weeks in. The question for [...]