Reports: UK set to unveil post-Brexit financial services reforms on Friday December 5, 2022 The UK is reportedly set to bring forward long awaited post-Brexit reforms to the UK’s financial services rulebook on Friday. Bloomberg reported this morning that the Treasury is now completing the final details of the package, with cabinet sign-off expected this week, and that an announcement is pencilled in for the end of the week. [...]
Explainer-in-brief: As MPs abandon politics, Sunak must call for unity December 5, 2022 Another week starts, and another swarm of Conservative MPs might announce they’re stepping out of politics. This will be Rishi Sunak’s crux today and for the foreseeable future, as the number of Conservatives saying they will stand down at the next election surpassed ten last week. One of the most notable announcements came from Sajid [...]
Just Stop Oil protests should not justify carte blanche powers to the police December 5, 2022 You would need the patience of a saint, or a dyed-in-the-wool eco-warrior, not to have been even slightly irritated by the recent activities of Just Stop Oil protestors. Whether it’s young people throwing soup over some of the world’s most valuable paintings or twenty-eight-year-old Indigo Rumbelow reduced to yelling at a television interviewer, these are [...]
‘Government can change’ UK economic stagnation, CBI urges December 5, 2022 The UK risks another “lost decade of growth” unless the government takes action to strengthen companies’ confidence in the economy, the country’s top business group warned today. Rishi Sunak must create an environment that incentivises business investment to avoid prolonging the UK’s growth malaise since the financial crisis, according to the Confederation of British Industry [...]
Linklaters cashes in on UK push to bolster naval fleet December 4, 2022 Magic Circle law firm Linklaters is cashing in on the Royal Navy’s push to bolster its fleet with the purchase of five new battleships from British arms manufacturer BAE. The City law firm is advising the UK’s Ministry of Defence (MoD) as it pushes forwards with the purchase of five new battleships from BAE Systems [...]
Brexit: German ambassador to UK ‘cautiously optimistic’ on NI Protocol deal December 4, 2022 One of Germany’s top diplomats is “cautiously optimistic” about the prospect of a UK-EU deal on the post-Brexit Northern Ireland Protocol, after a thawing in relations. Miguel Berger, Germany’s ambassador to Britain, said there is now an “openness to engage” from Downing Street and that UK-EU relations had improved since Boris Johnson was ousted. Both [...]
Labour inflicts first defeat on Rishi Sunak holding Chester in by-election December 2, 2022 Labour has inflicted the first defeat on Tory prime minister Rishi Sunak, winning the Chester by-election. Samantha Dixon took the seat with a majority of 10,974, a swing of 14 per cent on the Tory vote. Turnout was disappointingly low however at just 41 per cent. The by-election was triggered after former Labour MP Christian Matheson [...]
Only clear thinking will put the UK’s scientific agenda on the right track December 2, 2022 Money is short. Across the board, government departments are under extreme pressure to spend less, and the new Business Secretary, Grant Shapps, finds himself in a difficult situation. In recent months his department has been bombarded with requests for funding from a range of industrial companies, most of which can make a plausible case for [...]
EDF secures further funding for Hinkley Point C in new settlement December 1, 2022 EDF has secured 14 years of funding for the UK's upcoming nuclear plant Hinkley Point C in case of the risk of further delays.
Brexit: EU ready to ‘double down’ efforts in Northern Ireland Protocol talks December 1, 2022 Brussels is ready to “double down on efforts” to broker a deal on the post-Brexit Northern Ireland Protocol, according to the European Commission’s Vice President. Maros Sefcovic said there is now a “clear window of opportunity” to come to an agreement with the UK, after he spoke with foreign secretary James Cleverly this afternoon. Cleverly [...]