‘Pension funds need to invest in UK growth’: former innovation minister Sam Gyimah on the future of UK tech March 9, 2023 Speak with most tech and innovation figures in the UK currently and you will hear a similar gripe: institutional investors are not pulling their weight. Investment into the UK’s tech sector, as with most of the world, has tumbled in the past year and brought into sharp relief a funding gap that they argue is [...]
Jeremy Hunt readies placeholder budget that will let a lot of people down March 9, 2023 Jeremy Hunt is going to let a lot of people down at his budget next Wednesday. Businesses. Families. Even former Prime Ministers. The Chancellor is poised to resist calls to save a flatlining economy by staying the course set in his November autumn statement of balancing the books. Households want an extension of energy support [...]
UK immigration hits record levels despite labour shortages March 8, 2023 Immigration to the UK has hit record levels, despite labour shortages in key sectors, amid a fresh wave of public positivity towards arrivals. In the year ending in June 2022, long-term immigration into the UK was around 1.1m, up by 435,000 on the previous annual figure. Employment-related migration fell in vital sectors such as hospitality [...]
FCA mounts defence after being blamed for Arm’s London snub March 8, 2023 The Financial Conduct Authority has mounted a defence of its role in the botched charm offensive on British chipmaker Arm today after the firm revealed it would shun a London listing in favour of New York last week.
PMQs sketch: Parliament turns into a school playground March 8, 2023 Rishi Sunak prepares for battle with the ECHR over his plans to tackle the small boats crisis as Keir Starmer fluffs his lines. Jessica Frank-Keyes debriefs on today’s Prime Minister’s Questions. Parliament may resemble the corridors of a minor public school at the best of times, but today there was a distinct school playground vibe to [...]
Migrants arriving on small boats to be detained and removed ‘within weeks’, government says March 7, 2023 Migrants arriving in the UK on small boats from across the Channel will be detained and removed “within weeks”, under stringent new laws set out by the government. Home secretary Suella Braverman unveiled the Illegal Migration Bill in Parliament today, telling MPs there had been a 500 per cent increase in the dangerous journeys in [...]
Sir Graham Brady: 1922 Committee chair to step down as MP at next election March 7, 2023 Sir Graham Brady is stepping down as an MP at the next general election, he has said. The MP for Altrincham and Sale West has sat in the House of Commons (HoC) since 1997. He has been chairman of the Conservative Party’S 1922 Committee of backbench MPs since 2010, apart from a spell in 2019. [...]
Will the UK benefit from US regulators’ fumble on digital assets? March 7, 2023 The inability of US authorities to make sense of the cryptocurrency industry presents a great opportunity for the UK to become the 'capital of crypto'.
The UK is starting to take crypto regulation seriously March 6, 2023 IDnow's Jason Tucker-Feltham eyes up a government consultation paper and urges everyone who cares about crypto to give feedback.
Can Rishi Sunak’s science superpower dreams become reality? March 6, 2023 Rishi Sunak rolled out plans to “cement the UK as a tech and science superpower by 2030” today with promises to tempt in the best global tech talent and deliver a state-backed £370m investment boost. The new “framework” marks the first major outing for the newly minted department for Science, Innovation and Technology, which ministers [...]