D-Day for Boris Johnson as Downing Street hold its breath ahead of today’s Sue Gray partygate report May 25, 2022 The long-awaited Sue Gray report – into Downing Street parties during the coronavirus lockdowns – is to be published today. Downing Street is holding is breath as it is widely expected the document may contain some harsh conclusions. In fact, the senior civil servant’s report is expected to be heavily critical of the culture in [...]
Facebook whistleblower Frances Haugen talks Meta, Musk and online safety May 25, 2022 City A.M. chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.
The tech tumble strikes again: Social media firms set to lose £112bn following Snap warning May 24, 2022 Snapchat's parent company's shares tumbled nearly 40 per cent in early morning trading, after the company warned against dwindling revenues and slowing recruitment.
Shell’s climate plans backed by shareholders despite activist disruption May 24, 2022 Shareholders have backed Shell’s climate transition plans in a crucial vote at the energy giant’s annual general meeting in London.
Partygate: Khan writes to Met to demand answers on why PM only received one fine May 24, 2022 Sadiq Khan has written to the Metropolitan Police to demand a “detailed explanation” of why Boris Johnson was not given a second Covid fine, after pictures yesterday emerged of him drinking at a work event. The London mayor invoked his powers as London’s police and crime commissioner to ask acting Met commissioner Sir Stephen House [...]
City banks and insurers will book £330bn climate change loss without action to control impact May 24, 2022 The City could lose as much as £330bn over the next three decades if the UK fails to tackle climate change, the Bank of England said today. Firms will struggle to pay back loans due to costs swelling as a result of higher carbon prices, according to conclusions drawn by the Bank from its first [...]
UK to prioritise safety critical goods if rail strikes impact the whole network May 24, 2022 The UK will prioritise safety critical goods – including food and products needed for the energy and construction industries – if the rail strikes go ahead and disrupt the wider network. The government could be forced to reduce passenger services to make way for freight, causing significant disruption to travellers. “We will have to prioritise [...]
Partygate: Sadiq Khan urges Met to provide ‘urgent clarity’ on picture showing Downing Street lockdown drink May 24, 2022 Sadiq Khan has called on the Met Police to provide “clarity”, as to why Boris Johnson was not fined for a November 2020 Downing Street gathering revealed in a leaked picture yesterday. The Mayor of London made his comments after ITV News published an image of the prime minister raising a glass during a gathering, [...]
The government should look beyond a windfall tax to see the merit of insulation May 24, 2022 Labour leader Keir Starmer taunted the prime minister at the dispatch box last week, gloating that a windfall tax – the flagship proposal from the opposition to cut down energy bills – was now “inevitable”. Such confidence from Starmer is not unearned, as it has been fuelled by a litany of u-turns from Boris Johnson’s [...]
Households backed with government grants to support ramp up of heat pumps May 23, 2022 Energy users can now apply for government grants to swap their gas boilers for heat pumps, after it opened its boiler upgrade scheme today.