Defence giant BAE Systems secures £28bn worth of orders so far this year November 15, 2022 BAE Systems, one of the largest defence companies in the UK, has secured £10bn worth of orders in the second half of this year so far. The London-listed defence firm, which builds military-grade jets, submarines and satellites, has kept its guidance in place while many businesses in the UK nudge them lower amid the economic [...]
Hunt readies for biggest budget since Cameron and Osborne’s first outing November 15, 2022 Thursday’s budget (okay, Autumn Statement) is the biggest since David Cameron and George Osborne’s first statement in 2010, just after they seized the keys to number 10 (with a little help from the Liberal Democrats) from Gordon Brown’s Labour. Chancellor Jeremy Hunt faces a daunting task. Weaker than expected economic growth, high inflation and a [...]
“On the to-do list”: City minister promises reform as London slips behind Paris November 14, 2022 THE CITY minister Andrew Griffith yesterday said post-Brexit financial services reforms were on his “to do list” after new figures suggesting Paris’ stock market had overtaken London’s sent a shockwave through the Square Mile. The total value of all listings in the French capital overtook London last month, according to number crunchers at Bloomberg. Whilst [...]
HMRC’s Covid fraud taskforce to leave billions unaccounted for November 14, 2022 An HMRC unit set up to tackle Covid fraud is set to leave £3.3bn outstanding when it winds down in March 2023, campaigners have warned. The Taxpayer Protection Taskforce, which was set up by Chancellor Rishi Sunak in March 2021, will be phased out, despite having collected less than 25 per cent of the money [...]
‘Rude and aggressive’: Fresh claims rock Sunak govt with spotlight on Raab ‘the Incinerator’ for bullying November 14, 2022 Rishi Sunak’s new government is facing fresh allegations of bullying and harassment at work, only days after Gavin Williamson stepped down as Cabinet Office minister as questions arose over his behaviour towards colleague. Now it has emerged that eight people working in Dominic Raab’s private office during his tenure as foreign secretary claimed to have [...]
In search of a plug for the blackhole, Hunt must not cull investment in our future November 14, 2022 We are still spending comparatively little compared to other science superpowers such as Israel and South Korea. And the real benefits from investing in R&D aren’t typically felt for about ten years.
Windfall tax makes no sense for renewables, says Cornwall Insight November 12, 2022 It would be disproportionate to expand the windfall tax to electricity generators, argued Cornwall Insight, amid a commodities boom.
Explainer-in-brief: An NHS with too much to bear November 11, 2022 All year, the crisis in the NHS has been worsening, with many fearing the effects of the winter months and a flu season. But October was the worst month in the NHS’ entire history. The number of people waiting more than 12 hours in A&E hit 43,792, and only 69 per cent of patients were [...]
Kwarteng breaks silence: I told Truss to ‘slow down’ or last a few weeks – she quit six days later November 11, 2022 Kwasi Kwarteng has broken his silence on Liz Truss’ 42-day tenure as prime minister, saying he warned her to “slow down” and predicted her downfall just a few days later. In his first interview since being sacked on 14 October, after just 38 days in charge of the pursestrings, he said the PM’s problem was [...]
Government goes head to head with Britain’s nurses: ‘Simply not affordable’ November 11, 2022 Prime Minister Rishi Sunak has dismissed pay demands from unions representing nurses across Britain, calling them “simply not affordable.” His remark comes as the threat of strike action that will hit operations and appointments looms. Sunak said he shared the public’s “respect and gratitude” for nurses, and that he was pleased the Health Secretary was [...]