Government must expand insulation scheme to drive down energy bills October 31, 2022 Energy UK is urging the new Government to ramp up support for the energy efficiency of buildings in the next budget.
Sunak to confirm plan to give Treasury call-in powers over City regulators October 31, 2022 Rishi Sunak is set to push ahead with plans to give ministers the power to overrule decisions made by City regulators. The Treasury has confirmed the government will still go-ahead with the Liz Truss and Kwasi Kwarteng initiative, despite concerns from the Bank of England about the measure. The new call-in power will see ministers [...]
Braverman admits sending government files on personal emails six times October 31, 2022 Suella Braverman has admitted to sending government documents from a personal email on six occasions before she was sacked as home secretary for the security breach. Braverman, who was brought back as home secretary by Rishi Sunak, said in a letter to a Westminster committee that it happened because she needed her work phone to [...]
Explainer-in-brief: Why does Cop27 seem to be the party no one wants to go to? October 31, 2022 Rishi Sunak’s decision not to attend Cop27 was heavily criticised last week. The PM will be focusing on “other pressing domestic commitments”, according to Downing Street. The new environment secretary Therese Coffey and last year’s Cop26 president Alok Sharma will be attending the conference in Egypt. The news that Sunak won’t go came as a [...]
The new government must combine growth with stability, betting big on our trade links October 31, 2022 Now that the turmoil in Westminster has abated, households and businesses across the UK will be hoping that the era of Rishi Sunak’s government will be slightly duller than what preceded it. Stability is an asset that has traditionally underpinned our international attractiveness and competitiveness. It is a cornerstone of the UK’s appeal across the [...]
Difficult decision to come from Sunak and Hunt on bank surcharge October 30, 2022 The government has not ruled out reversing a tax cut on the UK’s biggest banks as it scrambles to overfill a huge hole in the public finances. Asked today by City A.M. if chancellor Jeremy Hunt and prime minister Rishi Sunak would commit to cutting the bank surcharge, an effective windfall tax, the Treasury said [...]
Week ahead: Bank of England to rock markets with 75bps rate hike October 30, 2022 Markets are preparing for a steep rate hike by the Bank of England on Thursday, but not as bad as first feared after former prime minister Liz Truss’s tax cutting mini-budget last month. London’s premier FTSE 100 index posted a decent performance last week, adding 1.12 per cent to close at 7,047.67 points, while the [...]
Bulb deal signals energy sector shift as Octopus boosts customer base October 30, 2022 Octopus has wrapped up a deal for Bulb. Here, City A.M. recounts the bidding war and what it means for the energy sector.
‘You need to try harder’: Sunak confronted by patient over nurses’ pay October 28, 2022 Rishi Sunak has been called out over nurses’ pay during a visit to a south London hospital this afternoon. In a visit to Croydon Hospital, the prime minister was confronted by 77-year-old Catherine Poole, a patient, who said it was a “pity you don’t pay them more” in reference to the surrounding nurses. Sunak replied [...]
Government debt continues to balloon as Rishi Sunak promises stability October 28, 2022 Government debt ballooned in the second quarter of this year, making up 101.9 per cent of gross domestic product (GDP). New figures released by the ONS show that gross debt was £2,436.7bn between April and June in the UK. At 101.9 per cent of GDP, this puts the UK 15.5 percentage points above the EU [...]