Octopus welcomes historic support package for households this winter September 8, 2022 The Government's historic intervention in the energy market has been welcomed by Octopus chief Greg Jackson.
Ministers press ahead with powers to intervene in financial rules September 8, 2022 Ministers have pressed ahead with plans to grant the government “call in” powers to intervene in financial regulation today, just one day after City watchdogs underlined the importance of regulatory independence to financial stability.
Meet Liz Truss’s top team: Long-term ally Kwasi Kwarteng to hold UK’s purse strings as Chancellor September 7, 2022 Following yesterday’s Cabinet reshuffle, City A.M. introduces you to some of Liz Truss’s key ministers. Who are they? What has their journey been so far? Also check out the new Home Secretary, Suella Braverman, the new Foreign Secretary, James Cleverly as well as the new Business Secretary, Jacob Rees-Mogg. Britain’s new Chancellor Kwasi Kwarteng has the job [...]
‘Be careful what you wish for’: OEUK warns against expanding windfall tax September 7, 2022 Windfall taxes are a "really blunt" instrument that threatens to deter investment in the North Sea, warned OEUK's boss Mike Tholen.
Cabinet reshuffle: Kwasi Kwarteng named chancellor as Truss picks top team September 7, 2022 Liz Truss has made close ally Kwasi Kwarteng her new chancellor as the Prime Minister picks her top team. Therese Coffey has also been appointed health secretary and deputy Prime Minister, while James Cleverly is now foreign secretary and Suella Braverman is home secretary. Jacob Rees-Mogg has also been given a large promotion to business [...]
Liz Truss’s fashion journey to Downing Street: From fluorescent suits to Thatcher bows September 6, 2022 Liz Truss’s journey from Liberal Democrat speech-maker to Conservative Prime Minister has involved a number of eye-catching moments, not least the colourful outfits she has worn. Whether standing on a podium, striding to and from 10 Downing Street, or hitting the campaign trail, the latest UK leader has made a name for herself with a [...]
Energy firms welcome price cap freeze as Truss leans towards £100bn package September 6, 2022 Energy bosses have welcomed reports that Liz Truss is edging towards a price cap freeze to stave off spikes in the price cap this winter.
Liz Truss is the UK’s new Prime Minister after meeting with the Queen September 6, 2022 Liz Truss is the UK’s new Prime Minister after being asked to form government by the Queen in Balmoral this afternoon. Truss is now on her way back to London to deliver her maiden speech as Prime Minister outside Number 10. A Buckingham Palace spokesperson said: “The Queen received in audience The Right Honourable Elizabeth [...]
If Liz Truss thought winning was hard, governing will be a formidable task September 6, 2022 It will not feel like it to Liz Truss, but that was the easy bit. Political campaigns are always brutal, exhausting and emotional affairs; none more so than this summer’s long and fractious Conservative leadership contest. But the challenges of the last few months pale into insignificance against the enormity of what the new prime [...]
Letters: A new dawn, same problems September 6, 2022 [Re: Liz Truss will be the next UK Prime Minister, yesterday] We’ve spent the summer listening to Liz Truss and Rishi Sunak fight it out over who will be the next prime minister. Now, we finally have a new prime minister but we have all the same problems we had before the leadership election was announced. [...]