Truss’ growth diagnosis was the right one November 10, 2022 One of the tragedies, if that’s the right word, of Liz Truss’ demise is that her key economic observation – that Britain isn’t growing quickly enough – may well be lost to history, discredited thanks to the cack-handed way in which she and her Chancellor attempted to address it. The noises-off from the new administration [...]
UK and EU ‘not far apart’ on NI Protocol, says Brussels’ ambassador to London November 10, 2022 London and Brussels are “not that far apart” on negotiations over the post-Brexit Northern Ireland Protocol, according to the outgoing EU ambassador to the UK. João Vale de Almeida today said he was “encouraged” by Rishi Sunak’s meetings with EU leaders since becoming PM last month and by the recent mood music between the two [...]
UK economy misses out on 24 per cent growth after financial and Covid-19 crises November 10, 2022 The UK economy would be 24 per cent bigger had the global financial and Covid-19 crises not happened, a Wall Street bank has said. “A series of unfortunate events and policy choices have cut UK potential growth” over the last decade or so, Bank of America said in a note to clients. Since the financial [...]
Labour calls for business rates relief in Hunt’s autumn statement November 10, 2022 Labour has called for Jeremy Hunt to provide tax relief for small businesses in his autumn fiscal statement as firms stare down rates hikes in April. Labour deputy leader Angela Rayner told City A.M. today that the chancellor “must” next week axe the planned inflation-linked increase to business rates, while calling for a complete tax [...]
National Grid urges ‘transparency’ as it commits £40bn to UK’s energy system November 10, 2022 National Grid has called for stability in the UK’s investment climate, so it can ramp up infrastructure and help the country transition to a greener future.
British Gas owner Centrica hands £250m to shareholders as profits surge November 10, 2022 British Gas owner Centrica will hand £250m to shareholders as high wholesale prices put the firm on course for massive profits.
Did you watch? Matt Hancock’s frosty jungle debut met with ridicule, disbelief and laughter November 10, 2022 Matt Hancock’s highly anticipated arrival in the jungle was met with a mixture of shock, incredulity and uncontrollable laughter from his fellow I’m A Celebrity… Get Me Out Of Here! campmates. The former health secretary, 44, joined the cast of the ITV reality show on Wednesday, after facing much criticism over his decision from the [...]
Sunak needs to learn to fight for his decisions – if not for Gavin Williamson November 10, 2022 Malcolm Tucker once reassured a hapless minister that their job was safe because it was too soon to fire them; “Sacked after 12 months – looks like you’ve f***ed up. Sacked after a week – looks like he’s f***ed up”. It’s apt that the behaviour of a man who seemed to yearn to star in [...]
As long as we talk in emotive terms like reparations, we make the climate political November 10, 2022 No matter if a delegate was wearing an Arabian thawb, an African dhuku or a Western business suit; all attendees I encountered at Cop27 in Sharm El-Sheik, Egypt were unanimous in recognising that action must be taken to stem the impact of climate change – and fast. It was clear from the very beginning of [...]
Ex-minister Harriett Baldwin elected as Treasury Committee chair November 9, 2022 Tory MP Harriett Baldwin has been elected as the new chair of the Treasury Select Committee, after prevailing in a cross-party ballot. Baldwin, a former Treasury and defence minister, defeated former cabinet ministers Andrea Leadsom and Kit Malthouse in the vote. Baldwin will begin the role immediately, after previous chair Mel Stride was recently appointed [...]