Hasta la vista! Boris waves goodbye but casts a shadow for his successor July 21, 2022 THERE’S always an awkward moment when you start a new job, and someone comes round asking you to contribute to a collection for someone you barely know. That moment came unusually quickly for the dirty double dozen that Boris Johnson shuffled into the Cabinet room, with ministers who had been serving him for less than [...]
FTSE 100 loses Wall Street bounce as banks falter July 20, 2022 A boost from a bumper day on Wall Street yesterday was not enough to help London’s FTSE 100 finish higher today. The capital’s premier FTSE 100 index shed 0.44 per cent to close at 7,264.31 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added [...]
Boris Johnson urges next PM ‘not to always listen to Treasury’ in parting shot at Rishi Sunak July 20, 2022 Outgoing Prime Minister Boris Johnson said big infrastructure projects would not have been built “if we’d always listened to the Treasury” in an apparent parting shot at his former chancellor Rishi Sunak. The Prime Minister gave some “words of advice” to his successor during his final Commons appearance, which included: “Cut taxes and deregulate wherever [...]
Sunak dangles red meat to Tory members with onshore wind farm crackdown July 20, 2022 Former Chancellor and leading Tory leadership contender Rishi Sunak has committed to keeping in place tight planning onshore wind planning rules.
Keir Starmer on Boris Johnson: ‘A complete bullsh**ter who bullsh**s about everything’ July 20, 2022 Labour’s leader said this morning the outgoing Prime Minister had been “found out” as the country has a sense that “this guy doesn’t mean a word that he says”. Sir Keir Starmer called Boris Johnson a “complete bullshitter” who “took the piss” out of the public with his partygate explanations. Asked for his honest assessment [...]
Netflix loses nearly a million subscribers as the tumbling user count continues July 19, 2022 Netflix has lost nearly a million subscribers this quarter as the tumbling user count continues for the streaming giant. Announcing its second quarter results, the company said subscribers dipped by 970,000 April through June. The good news for Netflix was that the fall wasn’t as deep as first predicted back in April, and shares jumped [...]
Global money managers in financial crisis style flight from stocks July 19, 2022 Global money managers are holding the lowest level of stocks in their portfolios since the global financial crisis in 2008, revealed a closely watched survey published today. Expectations for world economic growth dropped to the deepest point on record, as did bets on expansion in corporate earnings, Wall Street investment bank Bank of America found. [...]
Government unveils £75m nuclear fund to secure fuel production for new reactors July 19, 2022 Downing Street has unveiled a £75m strategy to boost investment into the production of fuel for nuclear reactors.
Heatwave investigation: Is it hot enough to fry an egg off the ground in the City? July 19, 2022 Almost a decade ago, the reflection of the sun off the Walkie Talkie – otherwise known as the Fenchurch Building – was hot enough to melt a Jaguar and fry an egg. That was due to the reflection off the skyscraper, effectively turning the entire building into a magnifying glass. The building was soon fixed, [...]
Government suffers setback as judge rules net zero plans are ‘unlawful’ July 19, 2022 Ministers will have to rewrite their plan for net zero carbon emissions, after the High Court determined the current strategy was 'unlawful'