Sunak to confirm plan to give Treasury call-in powers over City regulators October 31, 2022 Rishi Sunak is set to push ahead with plans to give ministers the power to overrule decisions made by City regulators. The Treasury has confirmed the government will still go-ahead with the Liz Truss and Kwasi Kwarteng initiative, despite concerns from the Bank of England about the measure. The new call-in power will see ministers [...]
Braverman admits sending government files on personal emails six times October 31, 2022 Suella Braverman has admitted to sending government documents from a personal email on six occasions before she was sacked as home secretary for the security breach. Braverman, who was brought back as home secretary by Rishi Sunak, said in a letter to a Westminster committee that it happened because she needed her work phone to [...]
Stunning comeback: Lula da Silva seizes power in Brazil after ruthless election October 31, 2022 Luiz Inacio Lula da Silva will become Brazil’s next head of state, giving the leftist former president another shot at power in a rejection of incumbent Jair Bolsonaro’s far-right politics. Da Silva received 50.9 per cent of the vote and Mr Bolsonaro 49.1 per cent, according to the country’s election authority. Yet hours after the [...]
Difficult decision to come from Sunak and Hunt on bank surcharge October 30, 2022 The government has not ruled out reversing a tax cut on the UK’s biggest banks as it scrambles to overfill a huge hole in the public finances. Asked today by City PM if chancellor Jeremy Hunt and prime minister Rishi Sunak would commit to cutting the bank surcharge, an effective windfall tax, the Treasury said [...]
Weekend read: Volatile month in UK gilt market turns the Old Lady into a hawk October 29, 2022 As October is coming to a close, it’s been a rollercoaster month for the UK’s financial market. Following the bungled mini-budget on 23 September that sent equities spiralling, the pound plummeted to an all-time low against the dollar and bond yields soaring higher. In the first few days following Kwasi Kwarteng’s announcement of the mini-budget, [...]
‘You need to try harder’: Sunak confronted by patient over nurses’ pay October 28, 2022 Rishi Sunak has been called out over nurses’ pay during a visit to a south London hospital this afternoon. In a visit to Croydon Hospital, the prime minister was confronted by 77-year-old Catherine Poole, a patient, who said it was a “pity you don’t pay them more” in reference to the surrounding nurses. Sunak replied [...]
Rolex store in Knightsbridge is latest target for Just Stop Oil vandalism campaign October 28, 2022 Rolex is the latest target of Just Stop Oil’s campaign of vandalism with paint sprayed on its Knightsbridge store this morning. The famous watchmaker was set upon by two activists this morning who daubed orange liquid on the glass shop-front. Met Police officers “were quickly on the scene and arrested them on suspicion of criminal [...]
Shapps’ shale shutdown: Fracking group ‘frustrated and disappointed’ by U-turn on moratorium October 28, 2022 A fracking advocacy group has said it is “deeply frustrated and disappointed” by a government U-turn reintroducing the moratorium for the practice. Grant Shapps confirmed to Parliament this week the UK would “not support shale extraction” unless science can show “categorically that it can be done safely”. The U-turn on Liz Truss’ decision to lift [...]
Outrage grows as UK urges LGBT football fans to ‘compromise’ their sexuality during World Cup in Qatar October 28, 2022 James Cleverly, this week re-appointed as Foreign Secretary, is increasingly under fire for comments he made about how British LGBT football fans should behave while in Qatar for the World Cup. A range of celebrities and thousands of people have taken to social media to express their dismay about Cleverly’s stance. The Foreign Secretary urged [...]
Shell backlash shows no profit is safe in windfall tax-crazed Britain October 27, 2022 Another windfall tax after Shell profits? Britain is at risk of becoming uninvestable Pity the folks in Shell’s communications department, who must be tempted to wear bullet-proof armour whenever they send out a trading update. Yesterday’s numbers were impressive, as you’d expect when energy prices are inflated. They also avoided paying any of Rishi Sunak’s [...]
