Brexit activist Gina Miller claims deputy PM Dominic Raab launched ‘abusive attack’ on her as bullying row rumbles on February 3, 2023 Deputy Prime Minister Dominic Raab is facing a fresh claim of bullying after an anti-Brexit campaigner alleged he launched an “abusive attack” on her. Gina Miller said Mr Raab, who was also appointed as Justice Secretary by Rishi Sunak, was “aggressive and intimidating” during an “aggressive encounter”. A source close to Mr Raab, who denies [...]
Bank of England hikes interest rates for tenth time in a row amid recession and warns of further action to tame inflation February 2, 2023 The Bank of England today hiked interest rates for the tenth time in a row amid a recession to the highest level since the financial crisis in 2008 and warned more increases may be needed to tame inflation. The nine-strong committee of rate setters that set the base level of borrowing costs in the UK [...]
Chris Woolard on BNPL, regulatory run-ins and getting financial rulemaking right February 2, 2023 The regulatory veteran wants a rulebook for the 21st century, but getting it right might trump speed, Charlie Conchie writes. Urgent. That was the word used by the former-interim chief of the City watchdog Chris Woolard when he gave his verdict on regulation of buy-now pay-later services in a landmark review two years ago today. [...]
Sunak needs to stop fighting over tax and spend and overhaul the system February 2, 2023 The calls for tax cuts are ceaseless, even in the face of evidence they won’t help us to growth, Rishi Sunak needs to stop arguing over whether or not we can afford them, and start stripping back taxation as a whole, writes Will Cooling
Global the big winner in new radio figures as Heart, Capital and LBC take top spot in London February 2, 2023 Global Media group have posted exceptional fourth-quarter results as record numbers of listeners tuned into their popular radio stations every week. The media and entertainment company amassed the highest-ever share of the radio market at 25.4 per cent, producing an unrivalled total of 258 million hours across all their platforms. An increase of listeners to [...]
UK crypto hub ambitions at risk if it does not pass new rules quickly, experts warn February 1, 2023 The government’s new plans to “robustly regulate” cryptoassets garnered mixed reactions from the crypto industry today, with experts saying that while the proposals were welcome there were still huge questions about the timeline for when they might come into effect. Nick Taylor from Luno, a crypto exchange, described the launch of the consultation as “a [...]
Johnson piles pressure on Sunak: No.10 insists ex-PM ‘acting in own capacity’ with plea to give Ukraine UK fighter jets February 1, 2023 Boris Johnson has piled pressure on Western leaders to supply fighter jets to Ukraine, setting up a clash with Rishi Sunak. The UK said it is not practical to provide sophisticated planes used by the RAF, such as Typhoons and F-35s, and US President Joe Biden has ruled out sending F-16 fighters. Downing Street stressed [...]
PMQs sketch: Starmer’s speechwriters on strike February 1, 2023 Train drivers, teachers, civil servants and apparently Keir Starmer’s speechwriters are on strike today. It’s the only explanation for the Labour leader trying yet again to get a non-answer out of Rishi Sunak about when he knew Nadhim Zahawi paid a penalty to HMRC. Trying to point out that Sunak probably did know the thing [...]
In this recession, it’s the tail end set of kids starting work who aren’t alright February 1, 2023 People who started work during lockdowns escaped the fate of those entering the labour market in 2008, but it’s the young people still at university we need to be worried about, writes Sascha O’Sullivan.
Sunak hails Britain’s “huge strides” since Brexit three years ago – though polls disagree January 31, 2023 Britain has taken “huge strides” in taking advantage of the opportunities opened up by Brexit to address the challenges facing the country, Rishi Sunak has said. In a statement to mark the third anniversary on Tuesday of the UK’s withdrawal from the EU, the Prime Minister said the country is confidently forging a new path as an [...]