Breezy does it: Wind generates 20GW for the first time ever November 3, 2022 Wind power generated more than 20GW of power domestically for the first time ever yesterday, revealed National Grid.
Harbour Energy warns raising windfall tax could risk UK investments November 3, 2022 Harbour Energy has warned it will have to reconsider investments in the UK, if the windfall tax is further expanded.
Bank of England delivers largest rate hike since 1989 and signals more to come November 3, 2022 The Bank of England today hiked interest rates by the largest amount since 1989 and signalled more rises are coming. The Bank’s rate setting committee voted unanimously to lift borrowing costs 75 basis points to three per cent, the highest level since 2008 and the eighth rise in a row. The pound shed more than [...]
Exclusive: City grandee to step down as Tory party Treasurer November 3, 2022 Malik Karim, the founder and CEO of Square Mile investment banking firm Fenchurch Advisory, is to stand down as Treasurer to the Conservative party. City A.M. understands Karim will become an advisor on fundraising to the new Tory party chairman, Nadhim Zahawi, Karim, who founded Fenchurch in 2003, served as the party’s treasurer for just [...]
UK government is shifting its attitude over crypto – Westminster is backing this horse! November 3, 2022 There's growing movement in both the Houses of Commons and Lords that is slowly but surely embracing a future with cryptocurrency.
UK will not move Israel embassy from Tel Aviv to Jerusalem November 3, 2022 The UK will not move the British embassy in Israel from Tel Aviv to Jerusalem, after a review launched by ex-Prime Minister Liz Truss. A spokesperson for Prime Minister Rishi Sunak today said “it was looked at and I can confirm there are no plans to move” the embassy. Number 10 was unsure whether the [...]
West End Christmas intake to be squeezed by pandemic and cost of living at £1.55bn November 3, 2022 West End Christmas intake is set to be a quarter up from last year but still almost 30 per cent down on pre-Covid levels. Around £1.55bn is set to be splashed out in the heart of London’s shopping district, as the capital bounces back from the pandemic in a restriction-free Christmas. The cost of living [...]
Let’s be honest, we need to stop the boats if we want positive immigration in Britain November 3, 2022 If the public perceives the UK has lost control of its borders, they are likely to trigger demands for more closed border policies.
Ben Wallace denies he threatened to quit over defence spending pledges November 2, 2022 Ben Wallace has denied claims he would resign if not given a vastly larger defence budget as he appeared to row back on Liz Truss’ previous target. The defence secretary told a Westminster committee that Truss’ promise to spend 3 per cent of UK GDP on defence by 2030 was only “an aspiration”. The Ministry [...]
Homeowners told property values may get 11.3 per cent boost as Sunak restores stability November 2, 2022 The housing market could benefit to the tune of 11.3 per cent where house prices are concerned, as a result of the greater stability brought on by the appointment of Rishi Sunak as prime minister, a City firm told this paper today. Property lending agency Octane Capital analysed property market performance across the UK market [...]