Hunt confirms full fat budget and OBR forecast on 15 March 2023 December 19, 2022 The government will deliver a full fat budget on 15 March next year, chancellor Jeremy Hunt confirmed today. The announcement will be accompanied by an assessment of the impact of the government’s tax and spending plans on the public finances by the Office for Budget Responsibility (OBR). Last month, Hunt delivered what was in effect [...]
Musk should quit as Twitter head according to poll he ‘will abide by’ December 19, 2022 Elon Musk may quit as the head of Twitter after running a poll which he said he “will abide by”, with 57 per cent saying, go. The Tesla boss’ straw poll has already had more than 15m votes online, with almost 60 per cent pf people saying he should quit. He took to Twitter on [...]
Trump unveils superhero NFT collection after teasing ‘major announcement’ December 15, 2022 Donald Trump has sensationally launched a superhero-themed NFT trading card collection today after teasing a "major announcement" on his Truth Social platform earlier in the day.
Elon Musk offloads another £2.9bn of Tesla shares sparking investors’ fury December 15, 2022 Elon Musk has offloaded a further $3.6bn (£2.9bn) worth of Tesla shares, sparking the fury of several investors. The serial entrepreneur announced late last night he relinquished 22 million of the EV giant’s shares between Monday and Wednesday. The $3.6bn sale is the second time Musk has sold part of his stake in the company [...]
Hunt defends new electricity generator levy in Downing Street showdown December 15, 2022 Chancellor Jeremy Hunt defended the introduction of a new tax on legacy electricity generators at a Downing Street roundtable this week.
EXCL – UK investors abandon Sunak and Hunt as only one in four have faith in Tory economic policy December 15, 2022 Just over one in four UK investors have faith in Tory economic policy, with the majority concerned about slowing economic growth, according to new research shared exclusively with City PM today. In fact, less than a third believe Jeremy Hunt is the right person to be chancellor. Just 27 per cent have confidence in the [...]
Twitter continues to leak advertisers after Musk jibe at Covid rules boss Fauci December 13, 2022 Twitter is facing an exodus of advertisers after Elon Musk tweeted a call to prosecute the US medical chief over pandemic restrictions – in his latest controversial move since buying the social media giant. The social media site is staring down an estimated loss of UK advertising revenue around £10m, and it could deepen if [...]
Sir Richard Branson: No new investment in Brexit Britain December 13, 2022 Sir Richard Branson has ruled out investing new cash in the UK for the foreseeable future, claiming the economy has been hamstrung by trade barriers and “red tape” brought on by Brexit.
Bank of England calls for tighter rules on LDI market after mini-budget chaos December 13, 2022 Tighter oversight of the pensions industry is needed to ensure it can “withstand severe but plausible market moves” similar in size to those seen in the aftermath of Liz Truss’s disastrous mini-budget in September, the Bank of England said today. The recommendation from the Bank’s financial policy committee (FPC) has been sparked by concerns over [...]
Twitter gaffe: Musk’s site labels Norway, its PM and foreign minister as ‘Nigerian’ December 13, 2022 Twitter was mocked by Norway this morning after its new verification system told users the country was actually Nigeria. Continuing its streak of mishaps, the social media site labelled Norway’s foreign ministry as a “Nigeria government organization”, while Norway’s Prime Minister Jonas Store and Foreign Minister Anniken Huitfeldt were also mischaracterised. This comes after Elon [...]
