Exclusive: UK set to keep EU cap on bankers’ bonuses post-Brexit October 14, 2021 The UK is set to keep the EU’s cap on bankers’ bonuses, with the Treasury instead focussed on a range of other measures to shake up financial services regulation post-Brexit. Treasury sources say the measure is not even being discussed by chancellor Rishi Sunak and that it will not be scrapped any time soon. The [...]
Covid-19: Javid criticises London NYE fireworks cancellation as cases climb October 14, 2021 Health secretary Sajid Javid has criticised London mayor Sadiq Khan’s decision to cancel London’s coveted fireworks show for the second year running. Khan cancelled the show due to concerns of Covid-19. Though data from the UK Health Security Agency has shown that cases are rising in all regions in England, with the East Midlands having [...]
Sunak deaf to industry calls to overhaul business rates October 14, 2021 Chancellor Rishi Sunak has ignored calls from industry chiefs to shake up the business rate regime at the next budget. According to The Telegraph, government plans to overhaul the business rate system have been “thrown into the long grass”. The Chancellor has not had enough time to consider the effects of wholesale changes to the [...]
TfL moves to open Night Tube next month on Central and Victoria lines October 14, 2021 Sadiq Khan has announced today that the Night Tube will be back open next month on the network’s two largest lines. The 24-hour weekend London Underground service will resume on the Central and Victoria lines, after being suspended at the start of the Covid-19 pandemic. It comes after a wave of complaints in recent weeks [...]
Pension savers fear higher fees as Sunak eyes extra infrastructure cash October 14, 2021 Ministers are reportedly mulling a decision to dilute the 0.75 per cent cap on annual management fees, which would leave UK retirement savers vulnerable to high charges. The cap, put in place in 2016, protects employees who are auto-enrolled into their pensions from having their retirement pot eaten into by higher charges. It comes as [...]
Here we go: EU proposes to cut checks by 80 per cent, less Brexit paperwork and free medicine flow October 13, 2021 EU proposals to reframe the Northern Ireland protocol are in as the European Commission released the details this afternoon. It is proposing to cut spot checks, reduce paperwork and make the flow of medicines easier. The EU proposals to address practical difficulties around the implementation of the Northern Ireland Protocol cover four specific areas, with [...]
Khan’s Covid recovery campaign for London’s battered tourism sector pulls in £70m October 13, 2021 London mayor Sadiq Khan’s pandemic recovery campaign for the capital’s battered tourism sector has pulled £70m into the sector, according to London & Partners CEO Allen Simpson. The campaign, which launched in May, was to bring a well needed boost to London’s tourism sector after emergency Covid-19 restrictions decimated the industry. Speaking at City Hall [...]
Putin: Russia is not using gas as a weapon October 13, 2021 Vladimir Putin has dismissed claims that Russia is weaponizing its supplies of natural gas to speed up Germany’s approval of the completed Nord Stream 2 pipeline and to destabilise European energy prices. The Russian president has described the accusations as “politically motivated blather with nothing to support it”. He believed that European governments are looking [...]
Brexit: Boris Johnson never understood what leaving Customs Union meant, says Cummings October 13, 2021 Prime Minister Boris Johnson never fully understood what the Withdrawal Agreement with the EU really meant, his former chief adviser has said. Dominic Cummings said in a provocative series of tweets that he had always intended to get “the trolley” – his derogatory nickname for the Prime Minister – to “ditch the bits we didn’t [...]
Sunak causes rift with Cabinet over EV discount end October 13, 2021 Chancellor Rishi Sunak is reportedly in a row with other Cabinet members – including transport secretary Grant Shapps and business secretary Kwasi Kwarteng – over his proposed plans to cut grants for buying electric vehicles (EV). As reported by the Telegraph, the Treasury is expected to slash the grants – which amount to £2,500 for [...]
