Week ahead: City eyes new economy figures and Bank governor Bailey comments July 10, 2022 The City will turn its gaze to fresh GDP figures published this week for signs that the UK is already in the teeth of a recession in a busy week of data announcements. London’s premier FTSE 100 index shook off the turmoil in Downing Street to climb 0.38 per cent and finish the week at [...]
Downfall of a Prime Minister: How handling of Chris Pincher scandal spiralled into Boris Johnson’s worst crisis July 10, 2022 An isolated Boris Johnson has agreed to leave Downing Street this September – following haemorrhaging support across the Tory ranks in the wake of the Chris Pincher scandal. The Prime Minister announced his resignation yesterday. After a dramatic wave of Government resignations this week and a slew of former allies withdrew their backing his political [...]
Race to replace Johnson: Two candidates confirm bids, as Mordaunt, Hunt, Zahawi, Javid, Sunak, Truss, Baker and Wallace consider chances July 8, 2022 Two candidates have confirmed they are running in the Conservative leadership election, while at least five others are tipped to enter the contest. So far, only attorney general Suella Braverman and Foreign Affairs Select Committee chair Tom Tugendhat have issued their intention to run. 24-hours after Johnson announced he would step aside, a YouGuv poll [...]
Boris and Carrie Johnson cancel plans to hold wedding party at Chequers July 8, 2022 Boris and Carrie Johnson are no longer planning to host a wedding party at Chequers, which was reportedly to be held at the property despite the Prime Minister entering his final days in office as caretaker leader. The pair married in a low-key, private ceremony at Westminster Cathedral last year. A small group of family [...]
Germany begins energy rationing as gas prices spike July 8, 2022 Local authorities in Germany have begun rationing energy, dimming street lights and closing swimming pools to cope with soaring gas prices in the wake of Russia’s move to slash energy supplies.
Shock and horror in Japan as its former prime minister Shinzo Abe is in ‘severe condition’ after shooting July 8, 2022 Japanese leader Fumio Kishida has said former prime minister Shinzo Abe is in a “severe condition” after being shot at a campaign event. Mr Kishida said he hopes Mr Abe will survive after the former prime minister was shot while giving an election campaign speech in Nara, western Japan, on Friday. Local fire service official [...]
Delayed: Sizewell C nuclear power plant decision pushed back amid Westminster turmoil July 7, 2022 The Government has delayed making a decision on whether to approve a new nuclear power station at Sizewell in Suffolk.
Gas prices surge as West races to top-up supplies ahead of looming winter months July 7, 2022 Gas prices have spiked amid continued concerns over supply shortages, as the West scrambles to secure energy supplies ahead of winter.
LIVE BLOG: Boris Johnson ‘should not remain in Downing Street’ says former PM Sir John Major July 7, 2022 Welcome to City A.M.’s rolling coverage of the ongoing Conservative coup against prime minister Boris Johnson. We’ll bring you all the latest news, resignations, appointments, analysis and opinion, as well as the impact of the crisis on the markets and economy. 2pm – Former PM Sir John Major says Boris Johnson “should not remain in [...]
‘Them’s the breaks’: Defiant Boris Johnson resigns as Prime Minister July 7, 2022 Boris Johnson has formally announced his resignation as Conservative party leader and Prime Minister, telling a crowd of supporters and press outside Downing Street that he was “sad … to be giving up the best job in the world”. Johnson was defiant until the end and blamed today’s resignation on Wesminster’s “herd” mentality, instead of [...]