Cleverly defends China visit plans and pledges to use UK’s global ‘influence’ June 29, 2023 Foreign secretary James Cleverly has defended a possible trip to China as he argued that international reforms cannot happen without recognising Beijing’s global financial influence. Cleverly confirmed last week that he is “looking at the options” for a potential visit to China – the first by a UK foreign secretary since Jeremy Hunt went in [...]
Number of higher rate income taxpayers soars to record high 5.59m June 29, 2023 The number of Brits paying the higher rate of income tax has surged to its highest level on record, caused by Prime Minister Rishi Sunak and Chancellor Jeremy Hunt freezing tax bands to help rebalance the public finances, official figures out today reveal. Some 5.59m people in the UK are being subjected to the higher [...]
‘Lean in’ to artificial intelligence, education secretary urges firms June 29, 2023 Businesses need to “lean in” to the power of artificial intelligence (AI), education secretary Gillian Keegan has said. The education secretary told City PM indulging in fears about AI wiping out jobs and opportunities was unproductive. Asked whether she was concerned about the impact of the new technology such as ChatGPT and Bard altering or [...]
Labour to champion green covered bonds in investment strategy, says Siddiq June 29, 2023 Green covered bonds are set to be a key plank of Labour’s investment strategy for clean energy, Tulip Siddiq is set to tell the Square Mile today. The shadow City minister is expected to outline Labour’s strategy for the clean energy industry and how the party aims to unlock billions in investment at TheCityUK conference [...]
Dorries and Rees-Mogg ‘waged campaign to undermine’ privileges committee probe into Johnson June 29, 2023 Boris Johnson allies Nadine Dorries and Jacob Rees-Mogg were among MPs who attempted to undermine the privileges committee’s investigation into the ex-prime minister. Eight current and former MPs – Dorries, Rees-Mogg, Lord Zac Goldsmith, Mark Jenkinson, Michael Fabricant, Brendan Clarke-Smith, Andrea Jenkyns, and Priti Patel – were involved in a “campaign waged outside Parliament… to [...]
MPs back plans for national Holocaust memorial centre next to Parliament June 29, 2023 MPs have backed plans for a national Holocaust memorial centre next to Parliament despite several Conservatives raising concerns over its proposed location. The Holocaust Memorial Bill, to enable the development to go ahead in Westminster, was given an unopposed second reading in the Commons. Costs have increased by almost 35 per cent due to delays [...]
Sony, Universal and Warner forced to explain ‘disappointing’ gender pay gaps June 28, 2023 Representatives from Sony, Universal and Warner today were forced to explain the gender pay gaps in their companies as they were questioned by MPs in parliament. Reports on salaries at the organisations in 2022 revealed Warner had an average gender pay gap of just under 38 per cent – a slight rise on the previous [...]
Daniel Korski QUITS Tory London mayoral race June 28, 2023 Tory London mayoral hopeful Daniel Korski has dropped out of the race to take on Sadiq Khan for City Hall following an allegation of historic sexual assault. Korski, who has seen support drain away after TV producer Daisy Goodwin accused him of groping her breast during a meeting in No10 a decade ago, announced the [...]
Groping allegation against Tory mayoral hopeful Korski ‘very serious’, No 10 says June 28, 2023 Downing Street has described the groping allegation against Tory mayoral hopeful Daniel Korski as “very serious”. No 10 also indicated prime minister Rishi Sunak would urge any further complainants to come forward. Television producer Daisy Goodwin made a formal complaint after she publicly accused the former adviser of sexually assaulting her during a meeting in [...]
Is Brexit the real reason for London’s stock market malaise? June 28, 2023 Whether Brexit is to blame for London's market malaise is a topic of debate in the Square Mile.
