HS2 is a ‘killer whale’ for next PM, says cabinet minister July 24, 2022 The HS2 rail project will be a “killer whale” for the next UK Prime Minister and “could “rip the arm” off their administration, according to Cabinet Office minister Kit Malthouse. Malthouse urged Rishi Sunak and Liz Truss to ensure “we’ve got the risk assessed properly” on the near £100bn high speed rail line that will [...]
Hard-line immigration policy will ‘stifle’ growth in the capital, London firms warn Truss and Sunak July 24, 2022 A hard-line immigration policy risks tightening the labour market further and choking off economic growth in the capital, a top London business body has warned Tory leadership contenders.
Tory contender Rishi Sunak backs insulation over heat pumps as winter crisis looms July 24, 2022 Sunak has hinted that he will prioritise insulation for low-income households over new technologies such as heat pumps this winter.
Tory leadership: Truss set to attack Sunak as soft on China July 24, 2022 Liz Truss’ campaign team is reportedly set to paint Rishi Sunak as soft on China and national security as she tries to win over Tory members. Truss, who is foreign secretary, has framed herself as a foreign policy hawk in the early parts of the campaign and talked up her efforts in helping place sanctions [...]
Sunak and Truss try to outdo each other on refugee policy July 24, 2022 Rishi Sunak and Liz Truss vied with each other last night to be tougher on immigration policy in a bid to win over the right of the Tory party in the leadership race. Sunak vowed in The Sunday Telegraph to introduce a cap on the amount of refugees the UK takes in every year that [...]
No property policies: Lack of housing ideas from Truss and Sunak branded ‘deeply alarming’ July 24, 2022 Rishi Sunak and Liz Truss need to put tackling the housing crisis at “the top of their list” if they become Prime Minister, a major housing association told City A.M. this morning. The National Association of Property Buyers said a whole generation of people faced being unable to own or rent a property due to [...]
Sunak ‘the underdog’ hits out at ‘forces that be’ backing Truss July 23, 2022 Rishi Sunak has labelled himself as the “underdog” in the Tory leadership race, hitting out at the “forces that be” backing rival Liz Truss. “The forces that be want this to be a coronation for the other candidate,” the former Chancellor said during a speech in Grantham. “But I think members want a choice and [...]
EXCLUSIVE: Revolut’s UK risk and compliance chiefs quit in slew of senior resignations July 22, 2022 Revolut has been hit by a slew of resignations from its UK regulatory and compliance chiefs in the past weeks amid heightened tensions with regulators and delays to the firm’s banking licence, City A.M. has learned.
Sunak vows to push forward with Channel 4 privatisation July 22, 2022 Rishi Sunak has vowed to push ahead with privatisation plans for Channel 4, killing hopes from C4 bosses and indie studios that a new leader could mean a new direction.
Motorists driving off without paying at pump could cost forecourt operators £100m in 2022 July 22, 2022 A spike in drivers not paying for fuel due to high prices could cost forecourt operators more than £100m in 2022. There has been at 2,054 incidents of drivers refusing to pay at the pump so far this year in the capital, according to a Freedom of Information Request submitted by City A.M., and sent [...]