Rishi Sunak: PM orders probe over Nadhim Zahawi’s tax dispute January 23, 2023 Rishi Sunak has ordered an investigation into Nadhim Zahawi as the Tory party chairman faced growing calls to quit after paying a penalty to resolve a multimillion-pound tax dispute. The Prime Minister asked new ethics adviser Sir Laurie Magnus on Monday to assess whether the former chancellor breached the ministerial code with the HC settlement. [...]
Boris Johnson visits Kyiv amid fresh Tory sleaze claims January 23, 2023 Former Prime Minister Boris Johnson headed to Kyiv this weekend as he is caught up in new claims of sleaze. The politician met President Vlodymyr Zelensky and other leading politicians int he war-torn county, while also travelling to towns which have been bombarded by Russia. Johnson reportedly visited Borodianka, Bucha and other suburbs of the [...]
Recession to be more than twice as bad as first feared, forecasters warn January 23, 2023 The much touted coming recession in Britain will be twice as bad as first feared, new forecasts out today reveal. Soaring prices coupled with the Bank of England’s efforts to tame them are set to deal a heavier blow to GDP than projected just a few months ago. According to the EY Item Club, the [...]
Rishi Sunak and Jeremy Hunt to shun tax cuts in March budget despite £11bn energy windfall January 23, 2023 Jeremy Hunt and Rishi Sunak will hold fire on tax cuts at the 15 March budget despite being handed an around £11bn windfall from international energy prices falling to pre-Russia-Ukraine war levels, according to top economists’ predictions gathered by City A.M. Brits will have to wait until the run up to the next general election, [...]
Westminster might quarrel with Scotland, but the City and Edinburgh get on just fine January 23, 2023 Nicola Sturgeon and Rishi Sunak's government have gone head-to-head, but the financial institutions in London and Scotland are busy keeping our relationship strong, writes Chris Hayward
Rishi Sunak: PM fined for failing to wear a seatbelt during social media video in car January 20, 2023 The Prime Minister has been issued with a fixed penalty notice by police for failing to wear a seatbelt while filming a social media clip in the back of a moving car. Rishi Sunak previously apologised for the “brief error of judgment” as he carried out a series of visits in Lancashire on Thursday. Mr [...]
Nadhim Zahawi tax row: Tory chair faces fresh questions over claims he paid penalty in seven-figure settlement January 20, 2023 Tory party chairman Nadhim Zahawi faces fresh questions over his tax affairs after he was accused of paying a penalty as part of a multi-million pound settlement with HMRC. The former Chancellor, who attends Rishi Sunak’s Cabinet, has been under pressure since it was reported that he paid a seven-figure sum to end a dispute. [...]
Analysis: Britain’s rail firms on a delayed ride to nationalisation January 20, 2023 As if the rail operators weren’t in enough hot water, with nurses having to get seven buses to work and poor Rishi Sunak forced to hop on a private plane because the trains are so unreliable. Yesterday, they were given a talking to by the rail regulator for fudging the numbers, with the TransPennine Express, [...]
We need more than a charm offensive for SoftBank’s microchip firm to list in London January 20, 2023 SoftBank-owned microchip firm Arm is in Rishi Sunak's sights for a London listing and a win for the UK's tech scene. But we need more than just love from No10 to boost our attractiveness to the tech world, writes Ian Manocha.
Davos round-up: BoA ‘over-achieved’ on hiring, Morgan Stanley’s succession plan and Shapps searches for Britain’s Silicon Valley January 19, 2023 As some of the world’s most important CEOs, politicians and thinkers gather at the World Economic Forum in Davos, City A.M. wraps up some of the top lines from the day. US bank layoffs Major Wall Street lenders have been forced into making large scale redundancies in the face of a global economic slowdown. Goldman’s [...]