END OF AN ERA: Mikhail Gorbachev, last Soviet leader who ended cold war without bloodshed, dies aged 91 August 31, 2022 Mikhail Gorbachev, the former Soviet Union president and Nobel Peace Prize winner, credited with ending the Cold War, has died aged 91 Gorbachev ended the Cold War without bloodshed but failed to prevent the collapse of the Soviet Union, while introducing Russia to western brands like Pizza Hut and McDonald’s. Gorbachev, the last Soviet president, [...]
A new Prime Minister must give London a hearing in Downing Street August 31, 2022 That the farcical fights over Transport for London have dragged on this long tells us everything we need to know about Westminster’s relationship with London. When Boris Johnson was elected it was on a mandate of “levelling up” – a victory which often made our capital city, and the south east in general, a useful [...]
Inflation could soar to over 22 per cent if gas prices stay high, Goldman warns August 30, 2022 Inflation could soar to the highest level since 1975 if global gas prices do not fall from their historic highs, a Wall Street investment bank warned today. The cost of living would climb to a peak of 22.4 per cent if the energy watchdog is forced to heap even more woe onto households by passing [...]
Minister loses internet connection while announcing ‘huge progress’ for UK gigabit rollout August 30, 2022 A digital minister promoting the government's gigabit rollout this morning suffered a technical glitch while giving a radio interview on LBC.
Truss refuses to reveal cost of living plans until she has the keys to No 10 August 30, 2022 Members of Liz Truss’s team have confirmed the Tory leadership frontrunner will not finalise her plans for crucial cost-of-living support before receiving the “full support and advice” only available to the government of the day. The public will likely be forced to wait to find out what help they will get with skyrocketing energy bills [...]
Exclusive: Truss ally Rees-Mogg holds talks with energy firms in supply bid August 30, 2022 Truss backer Rees-Mogg has been holding urgent talks with oil and gas companies ahead of a looming winter crisis.
Sunak confidant hints at ‘targeted support’ in cost of living crisis as he warns higher incomes won’t be safe either August 30, 2022 DCMS minister Matt Warman, who is supporting Rishi Sunak in the Tory leadership battle, spoke this morning in favour of targeted support during the rising cost of living, acknowledging “that is going to affect people somewhat higher up the income scale as well”. He told Sky News this a.m.: “I think for me the most [...]
Notting Hill Carnival: Man, 21, fatally stabbed as police launch murder investigation August 30, 2022 Notting Hill Carnival was rocked by a fatal stabbing yesterday, as police launched a murder investigation. Officers responded to reports of the incident at 10pm on Monday in Ladbroke Grove, under the Westway flyover. The victim is a 21-year-old man who was given first aid by police before ambulance services removed him from significant crowds. [...]
Chancellor Zahawi on US trip in effort to bang the drum for London finance August 30, 2022 Chancellor Nadhim Zahawi will embark on a US trip this week in an attempt to bang the drum for Britain’s post-Brexit financial future. Zahawi will visit the New York Stock Exchange and meet with senior global bank representatives with “the aim of setting the highest possible standard for global financial services co-operation between the two [...]
Truss tax cuts: Wonk warning on hit to public finances August 29, 2022 LIZ TRUSS’ planned tax cuts would “completely crash the public finances,” warned the boss of one of the UK’s foremost economic think-tanks, the Institute of Fiscal Studies. Prospective new Prime Minister Liz Truss is expected to announce an emergency budget early on in her administration if she, as expected, is made leader of the Tory [...]
