Nadhim Zahawi hastily confirmed as new Chancellor as Boris Johnson’s cabinet crumbles in front of nation’s eyes July 6, 2022 Nadhim Zahawi is the new Chancellor, Downing Street has confirmed. He will move from the post of education secretary, to be replaced by Universities Minister Michelle Donelan. Boris Johnson has responded to Rishi Sunak’s departure as chancellor, saying he was “sorry” to have received Mr Sunak’s resignation letter and praising his “outstanding service”. In a [...]
Bank of England economy warning sends London markets lower July 5, 2022 London markets were dragged lower today by the Bank of England warning the UK economy is headed for a tough time over the coming year. The capital’s premier index shed nearly three per cent to close at 7,025.47 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
West under pressure to secure energy supplies as Norwegian offshore workers go on strike July 5, 2022 Europe faces further pressure in securing supplies ahead of winter , after Norwegian oil and gas workers went on strike today.
Number 10 admits Boris Johnson knew of official complaint against Chris Pincher before giving him ministerial jobs July 5, 2022 Number 10 has been forced to admit Boris Johnson was personally briefed on an official sexual misconduct allegation against Chris Pincher, before he was then handed a series of ministerial jobs. Johnson’s spokesman said a “complaint was made” against Pincher when he was a junior foreign office minister in 2019 “and looked into through the [...]
Johnson accused of lying over Pincher sexual misconduct scandal by ex-top official July 5, 2022 Boris Johnson and Number 10 have been accused of lying over the Chris Pincher sexual misconduct scandal, with the former head of the Foreign Office claiming the Prime Minister knew about formal complaints against the MP. Lord Simon McDonald today wrote to parliament’s standards watchdog to say that Johnson received an in-person briefing on an [...]
Tory MP Caroline Nokes reported Chris Pincher for being drunk mid-afternoon, 24 hours before groping attack July 5, 2022 Senior Tory MP Caroline Nokes claimed she reported Chris Pincher for being ‘drunk in the middle of the afternoon’ last Tuesday – 24 hours before his alleged groping attack. But nothing was done, she said late last night. Nokes shared on TalkTV that she witnessed the former Deputy Chief Whip, Chris Pincher, ‘drunk in the [...]
Bank of England orders lenders to strengthen reserves amid ‘deteriorating’ economy July 5, 2022 The Bank of England yesterday ordered lenders to fortify their defences in preparation for the looming economic downturn, warning the City against “excessive” cuts in lending to households and businesses. The central bank, which oversees Britain’s banking sector and the country’s monetary policy, doubled the proportion of money lenders need to keep in reserve to [...]
UK enters minerals race with new data centre July 5, 2022 The UK has waded into the supply scramble for critical minerals, with the launch of a new centre for analysis and research.
Venues plead Chancellor to reduce tax burden as pubs and restaurants face ‘bleak summer’ July 4, 2022 Night time economy bosses have urged the Chancellor to slash VAT to 12.5 per cent in a bid to help businesses recover to their pre-Covid glory. Pleas for help from sector leaders followed reports last week that Downing Street was mulling reducing the headline rate temporarily to help UK households navigate the cost of living [...]
UK motorways brought to standstill as angry drivers protest against rocketing fuel prices July 4, 2022 UK motorways have been brought to a standstill after dozens of angry drivers took to the streets and protested against rocketing petrol and diesel prices. Campaigners today targeted major arteries such as the M4 in South Wales and Somerset, as well as the M5 from Devon to Bristol and the A38. Demonstrations, in the shape of [...]