Pubs and brewers disappointed by alcohol duty reversal ahead of ‘toughest winter in history’ October 17, 2022 Pubs will be “hit extremely hard” this winter after the government scrapped an upcoming alcohol duty freeze, industry chiefs said. The duty freeze was one of many policies consigned to a bonfire of tax cuts from newly-appointed Chancellor Jeremy Hunt on Monday. Announced just a few weeks ago by Hunt’s predecessor Kwasi Kwarteng, the move would [...]
VAT free shopping U-turn ‘major blow’ for West End as tourists shun London for Paris and Milan October 17, 2022 Scrapping VAT free shopping for tourists is a “major blow” for London and the country’s economy, a group representing luxury stores in the West End and other retail hotspots has said. Paul Barnes, chief executive of the Association of International Retail (AIR) – whose members range from Bicester Village to Heathrow Airport – told CityA.M. the [...]
Nadine Dorries calls for Boris Johnson to return as Prime Minister October 17, 2022 Former culture secretary Nadine Dorries has the Conservatives should reinstall Boris Johnson as Prime Minister. The staunch ally of the ex PM took to Twitter ahead of chancellor Jeremy Hunt’s bombshell statement on Monday morning. Hunt announced the UK’s energy bills freeze will only be universal until April and binned the majority of Liz Truss’ [...]
Moscow’s elite in shock as another close Putin ally suddenly dies: Gazprom ‘wonderkid’ and Kremlin insider Nikolay Petrunin is no more October 17, 2022 Rumours are flying in Moscow today as it has emerged that another one of Vladimir Putin’s close allies has suddenly dies. Nikolay Petrunin, a 46-year-old Russian multimillionaire and a close confidant of the Russian president, is no more. The official reason by authorities was that the Gazprom executive has died as a result of complications [...]
Hunt to make statement on fiscal plan TODAY in bid to calm markets October 17, 2022 Jeremy Hunt will make an announcement today in Parliament about the government’s so-called Medium-Term Fiscal Plan. The chancellor’s statement is a bid to calm the markets, bringing forward the details of the now much-derided mini-budget, outlined by his predecessor. Hunt will issue his plans later today and also speak in the House of Commons this afternoon. [...]
Sadiq Khan announces return of in-person New Year’s Eve fireworks display to capital October 14, 2022 Up to 100,000 people will return to the banks of the Thames for London’s spectacular New Year’s Eve celebrations after two years of Covid cancellation. Ticketholders will be able to watch the fireworks display in the centre of London for the first time since 2019, Mayor Sadiq Khan has announced. Coronavirus restrictions prevented the display [...]
Boris Johnson pockets £150k in 30 mins as former PM skips crucial Commons vote to jet off to Colorado October 13, 2022 Former prime minister Boris Johnson touched down in the USA on Tuesday as the ex-Tory leader gave a speech to an insurance industry group on Tuesday afternoon, thereby reportedly collecting around £150,000 for a 30 mins speech. Johnson addressed conference delegates in Colorado Springs, roughly at the same time while the House of Commons was [...]
Exclusive: Ex Tory chair Baroness Warsi says PM Liz Truss should call a General Election October 12, 2022 A former chair of the Conservative Party has said Prime Minister Liz Truss should call a General Election. Speaking exclusively to City PM, Baroness Sayeeda Warsi said prime minister Liz Truss either “had to just carry on with the 2019 manifesto – or go to the electorate” upon entering Number 10. “Because neither of those [...]
Sturgeon wants to inspire? Her campaign is based on finger-pointing, not potential October 10, 2022 Nicola Sturgeon, yesterday, at SNP conference: “Let us inspire with hope in our hearts.” It would take a heart of stone not to laugh. This is, after all, the same Sturgeon who spent much of her speech bemoaning Westminster, the Labour party, and “aggressive unionism” for holding Scotland back – which sounds to us a [...]
Mayor’s ULEZ poll contradicts consultation reports October 10, 2022 A new poll commissioned by London mayor Sadiq Khan over the ULEZ expansion to Greater London directly contradicts reports of consultation responses against the decision. Figures published today by YouGov show that 51 per cent of Londoners are in favour of the expansion plans, against an opposition of 27 per cent. Out of this majority, [...]
