Offshore energy industry pleads with Hunt for help: Windfall tax ‘rocked investor confidence’ amid US threat March 2, 2023 The UK’s North Sea industry body has urged Jeremy Hunt to create an attractive investment climate to compete with rival energy markets.
The Square Mile and Me: JM Finn’s Hugo Bedford on crayfish hi-jinks, David Mayhew and hopes for 2023 March 2, 2023 Every week we ask the City’s highest flyers what they’ve learnt in the Square Mile – and what fun they had climbing the ladder. This week, it’s wealth manager JM Finn’s chief executive Hugo Bedford – on his early days in the Square Mile, why he admires David Mayhew and one particularly raucous lunch What [...]
This London Tycoon Harbours A Surprisingly Generous Streak March 1, 2023 Some may know Tej Kohli for his passion for luxury cars or his vast array of exceptional properties dotted across the world. However, what he should be best known for is his unwavering mission to give away swathes of his wealth to improve the lives of others. As Britain’s wealthiest became wealthier in recent years, [...]
PMQs: Sunak escapes Brexit grilling amid Hancock WhatsApp row March 1, 2023 Prime minister Rishi Sunak has escaped a major Brexit grilling over the Windsor Framework amid a row over former health secretary Matt Hancock’s leaked Covid-19 WhatsApp messages. The PM – whose latest EU trade agreement is widely hoped to end the power-sharing deadlock in Northern Ireland – dodged intense scrutiny over the deal in the [...]
Matt Hancock denies claims he ignored Covid care home testing advice March 1, 2023 Matt Hancock has denied claims he ignored expert advice on care home testing during the coronavirus pandemic after leaked WhatsApp messages were published by the Telegraph. Journalist Isabel Oakeshott shared more than 100,000 messages with the newspaper after receiving them while working on Hancock’s Pandemic Diaries book, including text exchanges with Boris Johnson, Rishi Sunak [...]
In Defence of Capitalism: Why free markets can keep driving billions out of hunger and poverty March 1, 2023 In the first of an eight part series, the historian and sociologist Dr Rainer Zitelmann writes for City A.M. in defence of capitalism, arguing that freer markets are usually the answer to society’s problems, not the cause. Each week he will ‘myth-bust’ the common complaints about capitalism – and this week, it’s that capitalism is [...]
Shapps warns suppliers they must be ready to pass on cuts in wholesale prices to customers March 1, 2023 Suppliers must be ready to pass on cuts in wholesale prices to customers as quickly as possible, Grant Shapps will insist in a speech today.
Explainer: Michael Gove’s plan for a new Conservative party February 28, 2023 If there’s one person who knows a thing or two about the Conservative party, that’s Michael Gove. Having covered senior positions in several different departments, and developed long-lasting policy in areas from farming to housing, he was well positioned to outline a vision for the “renewal” of his party earlier today at the centre-right think [...]
Brexit deal: Sunak says Northern Ireland in ‘unbelievably special position’ with access to both UK AND EU markets February 28, 2023 Rishi Sunak insisted that his new Brexit deal for Northern Ireland addressed the concerns of unionists despite the “small and limited” role for European Union law and its court – while giving Belfast an “unbelievably special position”. The Prime Minister, who was visiting Northern Ireland to sell the deal secured with the European Union, said [...]
Parents forced to stay at home as thousands of teachers start three days of ‘unforgivable’ strikes February 28, 2023 Tens of thousands of teachers across England and Wales will strike over three days this week in the long-running dispute over pay. Teachers will walk out across the north of England on Tuesday with the majority of schools expected to either restrict access to some pupils or fully close, the National Education Union (NEU) has [...]