Bank of England to hike interest rates to lower peak but still to financial crisis high January 12, 2023 The Bank of England will lift interest rates to a much lower peak than expected just a matter of months ago, but is still set to send them to their steepest level since the financial crisis, City traders suspect. Markets reckon borrowing costs will peak at below 4.5 per cent, meaning investors think the Bank [...]
Can Starmer solve Ireland’s Brexit woes? Labour leader visits Belfast today for meeting with Irish premier Varadkar January 12, 2023 Irish premier Leo Varadkar and UK Labour leader Sir Keir Starmer are to travel to Belfast on Thursday as efforts to resolve the dispute over the protocol ramp up. The Taoiseach and Sir Keir are to meet with the main Stormont parties to discuss the deadlock over the post-Brexit protocol, which the DUP party has [...]
Sadiq Khan: Time to end ‘vow of silence’ on Brexit business hit – and his plan to fix it January 12, 2023 Mayor of London Sadiq Khan will lay into what he describes as the “selective amnesia” of government ministers who ignore the impacts of Brexit on the British business community. Speaking at a black tie dinner in the City tonight, Khan will say that the “unnecessarily hard-line version of Brexit (ministers have chosen) is having a [...]
City’s Lord Mayor: London isn’t an “evil fairy godmother” dragging rest of the UK down January 12, 2023 Canada’s Lord Mayor will tonight warn that the capital has been “cast as the villain in our national story” despite being an engine of economic growth for the whole country. Nicholas Lyons, who took on the role in November of last year, will tell a black tie dinner at Mansion House tonight [...]
UK-Japan relations ‘stronger than ever’ as Sunak pens new post-Brexit defence deal at Tower of London January 11, 2023 The UK and Japan today signed a new defence agreement with Prime Minister Rishi Sunak saying that relations between the two nations are “stronger than ever.” Sunak signed the deal alongside Japan’s Prime Minister Fumio Kishida at the Tower of London this evening. The Reciprocal Access Agreement (RAA) allows both nations to deploy military forces in [...]
Partygate: Boris Johnson joked staff were at ‘the most unsocially distanced’ gathering according to bombshell report January 11, 2023 Boris Johnson allegedly joked at a boozy No 10 leaving do during the coronavirus pandemic that staff were at “the most unsocially distanced party in the UK”. The claims will put the former prime minister under further pressure as he faces a parliamentary investigation into whether he misled MPs over the so-called partygate scandal. A spokesman for [...]
Tory MP Andrew Bridgen suspended by Tories for tweet about delay in vaccine data and Holocaust January 11, 2023 MP Andrew Bridgen has been suspended by the Tories for a “disgraceful” tweet, appearing to say the delay in releasing safety data on Covid-19 vaccines was the worst crime since the Holocaust. The MP for North West Leicestershire, took to Twitter this morning sharing an article from ZeroHedge, entitled “CDC Finally Releases VAERS Safety Monitoring [...]
City minister says UK crypto regulations unlikely to be ready in 2023 January 10, 2023 City minister Andrew Griffith said regulations for digital currencies are unlikely to be ready in 2023, as he reaffirmed the government’s aim to be “the home of well-regulated [and] technologically-advanced financial systems”. In a wide-ranging Treasury committee hearing today, Griffith was quizzed by MPs on the risks facing the crypto industry and the potential for [...]
Scrapping bankers’ bonus cap is a return to global norms, says City minister January 10, 2023 City minister Andrew Griffith said today that scrapping the bankers’ bonus cap would realign Britain with global financial norms, as he faced questions from MPs in parliament about the government’s so-called Edinburgh Reforms. Discussing bankers’ bonuses, Griffith said “we have departed from global norms… the global competitive set do not have this (bonus cap).” London, [...]
Double take: Grant Shapps tweets historic photo which edits out Boris Johnson January 10, 2023 There are few comparisons between Grant Shapps and dictators of yore – mercifully – but it appears he may be the beneficiary of a tried-and-tested trick of historical figures. Shapps posted a photo to twitter on Sunday which appeared to show him alongside two officials from Britain’s space programme welcoming the launch of Virgin Orbit’s [...]
