What can Sunak-friendly fintech expect under Truss? September 12, 2022 Some fintech bosses are reconsidering what a Truss leadership may mean for the sector.
Keep momentum behind capital markets reform, Kalifa tells PM September 12, 2022 Ministers must keep the “continuity” and “momentum” behind capital markets reform in order to cement the UK’s standing as a global financial powerhouse, the author of a major government-commissioned review of fintech has warned.
Economists warn UK to face blackouts under Liz Truss energy plan September 8, 2022 Economists today warned prime minister Liz Truss’s decision to freeze energy bills for everyone in the UK at £2,500 raises the risk of blackouts. Experts at the economic think tank the Institute for Fiscal Studies (IFS) said energy supplies may run dry due to the government propping up energy spending. “Households, businesses or governments… will [...]
Octopus welcomes historic support package for households this winter September 8, 2022 The Government's historic intervention in the energy market has been welcomed by Octopus chief Greg Jackson.
Ministers press ahead with powers to intervene in financial rules September 8, 2022 Ministers have pressed ahead with plans to grant the government “call in” powers to intervene in financial regulation today, just one day after City watchdogs underlined the importance of regulatory independence to financial stability.
Meet Liz Truss’s top team: Long-term ally Kwasi Kwarteng to hold UK’s purse strings as Chancellor September 7, 2022 Following yesterday’s Cabinet reshuffle, City A.M. introduces you to some of Liz Truss’s key ministers. Who are they? What has their journey been so far? Also check out the new Home Secretary, Suella Braverman, the new Foreign Secretary, James Cleverly as well as the new Business Secretary, Jacob Rees-Mogg. Britain’s new Chancellor Kwasi Kwarteng has the job [...]
‘Be careful what you wish for’: OEUK warns against expanding windfall tax September 7, 2022 Windfall taxes are a "really blunt" instrument that threatens to deter investment in the North Sea, warned OEUK's boss Mike Tholen.
Cabinet reshuffle: Kwasi Kwarteng named chancellor as Truss picks top team September 7, 2022 Liz Truss has made close ally Kwasi Kwarteng her new chancellor as the Prime Minister picks her top team. Therese Coffey has also been appointed health secretary and deputy Prime Minister, while James Cleverly is now foreign secretary and Suella Braverman is home secretary. Jacob Rees-Mogg has also been given a large promotion to business [...]
Liz Truss’s fashion journey to Downing Street: From fluorescent suits to Thatcher bows September 6, 2022 Liz Truss’s journey from Liberal Democrat speech-maker to Conservative Prime Minister has involved a number of eye-catching moments, not least the colourful outfits she has worn. Whether standing on a podium, striding to and from 10 Downing Street, or hitting the campaign trail, the latest UK leader has made a name for herself with a [...]
Energy firms welcome price cap freeze as Truss leans towards £100bn package September 6, 2022 Energy bosses have welcomed reports that Liz Truss is edging towards a price cap freeze to stave off spikes in the price cap this winter.