Government could take Abramovich to court over £2bn from Chelsea sale March 7, 2025 The government is reportedly preparing to take former Chelsea owner Roman Abramovich to court to get their hands on £2bn from the sale of the club. The oligarch previously said that the money from the sale, currently frozen in a bank account, would go to those hit by Russia’s invasion of Ukraine. But ministers have [...]
The Capitalist: Beavers, disgruntled Tesla owners and PR confessions March 6, 2025 Beaver fever, PR confessions and Tesla owners get creative. Catch up on the latest gossip in this week's The Capitalist.
Harbour Energy shares tumble as profit wiped out by windfall tax March 6, 2025 Harbour Energy shares slumped on Thursday after the North Sea producer swung to an annual loss. The stock tumbled more than eleven per cent in early deals as the London-listed company reported losses of $93m (£72.1m), down from a prior year profit of $45m. North Sea producers have hit out at the UK’s windfall tax, [...]
Finance for Ukraine: Scrap regulations that ban investment in defence March 6, 2025 There has historically been a nervousness about investing in defence, but at this pivotal moment for the security of our continent, it’s time to change ESG rules that are holding the sector back, say MPs Alex Baker and Luke Charters Britain stands at a pivotal moment, shaped by three years of Russia’s illegal invasion of [...]
UK government plans to end North Sea windfall tax March 5, 2025 British oil and gas drillers could face a new tax regime following the energy crisis, which pegs levies to fluctuations in global oil and gas prices. The mechanism is intended to replace the notorious “windfall tax” and was outlined in a consultation on the North Sea published on Wednesday. The consultation also seeks to unravel [...]
Defence spending is one thing, but does Gen Z have the will to fight? March 5, 2025 It’s not just our diminished armed forces that leave Britain vulnerable to Putin, it’s a generation raised on the idea that Britain isn’t worth fighting for, says James Price In his “Politics and the English Language” George Orwell warned against using tired, old metaphors, as they reflected tired, old thinking. But the poor frog in [...]
Starmer must not exploit Ukraine crisis for right-wing votes March 5, 2025 With Trump and Vance attacking causes and values that British voters hold dear, Keir Starmer has to work harder to convey to a country shocked and appalled by the American administration’s behaviour whose side he is on, says Will Cooling As Sir Keir Starmer flew back to London last week, he could have been forgiven [...]
Tory MP warns UK should ‘consider possibility Trump is a Russian asset’ March 4, 2025 A Conservative MP has warned the UK should “consider the possibility that President Trump is a Russian asset”. Graham Stuart, a former Foreign Office minister, posted the remark on X, formerly Twitter, after the US President halted military aid to Ukraine. Overnight, the White House suspended delivery of ammunition and other equipment to Kyiv after [...]
Will western brands return to pariah state Russia? March 4, 2025 It was the sight that heralded a new geopolitical era. Hundreds of Russian punters standing in a disorderly queue and braving the bitter Moscow air to sample their first bite of the latest big import from America. The iron curtain – having been chipped away slowly for years – had fully fallen just two months [...]
Starmer speaks of ‘driving purpose’ to unite Nato allies after White House clash March 2, 2025 Prime Minister Keir Starmer has said his “driving purpose” over the last few days has been reuniting Ukraine and the US after their presidents clashed in the White House. As Starmer gathers European leaders in London to forge a common position on ending the war in Ukraine, the Prime Minister said he is “working hard” [...]