Why you should never, ever bet against UK house prices May 9, 2023 Remember the start of the year? “UK house prices have gone into sharp reverse over recent months. And we expect that elevated mortgage rates will result in at least a 12 per cent price correction,” so said Capital Economics at the time. This is from building society Nationwide last week: “While annual house price growth [...]
Cabinet minister: Ukraine War and Covid-19 to blame for local election beating May 7, 2023 Culture Secretary Lucy Frazer has blamed heavy Tory losses in the local elections on the pandemic and the Ukraine war. She also noted the Conservative Party had been in power for “a long time”. The Cabinet minister conceded that voters were “frustrated and angry”, but claimed Rishi Sunak was starting to regain the public’s trust. [...]
King and Queen begin procession to Westminster Abbey May 6, 2023 The King and Queen’s procession has left Buckingham Palace to cheers from the waiting crowds in The Mall as the moment of their coronation drew closer. Charles and Camilla waved to thousands of spectators lining the street as leading figures began to join members of the congregation in Westminster Abbey. The list of 2,300 invited [...]
Local elections: Labour now largest party of local government – but predicted to fall short of outright Westminster majority May 6, 2023 Labour have said the Tories’ dire local election results marked a “clear rejection” of Rishi Sunak as they became the largest party of local government since 2002. Sir Keir Starmer was celebrating wins in key battlegrounds as an indication his party was on course to win the next general election. The prime minister was under [...]
Police urged to investigate Boris Johnson video May 5, 2023 Police are being urged to investigate after a video emerged of Boris Johnson allegedly not wearing a seatbelt in what appears to be a moving vehicle. In a video shared on social media, the former prime minister is heard urging Derbyshire Conservatives to “turn out and vote” ahead of Thursday’s local elections. Johnson does not [...]
Sunak to meet Oz and NZ leaders as trade deal – which promises cheaper manuka honey and Jacob’s Creek – takes effect May 5, 2023 Rishi Sunak is set to welcome the leaders of Australia and New Zealand to No10 ahead of the UK’s landmark post-Brexit trade deals coming into force. The prime minister will meet Australian PM Anthony Albanese and Chris Hipkins, prime minister of New Zealand, in Downing Street today. It comes as the UK’s trade deals with [...]
Local elections: Tories suffer big losses including commuter belt councils Hertsmere, Brentwood, Windsor and Maidenhead May 5, 2023 The Conservatives have been hit by major losses in the local elections – losing over a third of their council seats so far. Losses include key commuter belt councils Hertsmere, Brentwood and Windsor and Maidenhead – which includes former prime minister Theresa May’s constituency. It was prime minister Rishi Sunak’s first significant electoral test since [...]
Post-Brexit powers mean regulators need greater oversight, City figures warn May 5, 2023 Ex-ministers and City figures have warned that the government is not doing enough to improve the scrutiny of regulators after Brexit, in a sign that past rows about protecting the independence of the UK’s top financial regulators could resurface in the coming months. Following Brexit, UK financial regulators, such as the Prudential Regulation Authority (PRA) and [...]
Are housing targets good or bad? May 4, 2023 As a new WhatsApp controversy within the Tory party puts housebuilding targets in the limelight, Elena Siniscalco asks whether central targets are a good or bad housing policy
Shell to pay £400m in windfall taxes this year after bumper first quarter earnings May 4, 2023 Shell has confirmed it will pay just under £400m in windfall taxes this year, after bumper first-quarter profits.