Rise in capital gains tax on the cards as Chancellor Hunt scrambles to raise £50bn November 4, 2022 As the Chancellor is weighing up “difficult decisions” to address a £50bn black hole in the public finances, Jeremy Hunt is looking at raising taxes on the sale of assets such as shares and property. Hunt is also considering an increase in dividend tax, in a move that would come as a blow to entrepreneurs. [...]
UK’s new government should simply ‘get on’ with audit reform, letter to Rishi Sunak says November 4, 2022 The UK’s new government should simply “get on” with plans to overhaul the audit sector, to ensure the long-term stability and resilience of Britain’s economy, the head of one of the country’s largest accountancy sector trade bodies has said. In three separate letters to prime minister Rishi Sunak, business secretary Grant Shapps and chancellor [...]
Exclusive: City grandee to step down as Tory party Treasurer November 3, 2022 Malik Karim, the founder and CEO of Square Mile investment banking firm Fenchurch Advisory, is to stand down as Treasurer to the Conservative party. Morning Wire understands Karim will become an advisor on fundraising to the new Tory party chairman, Nadhim Zahawi, Karim, who founded Fenchurch in 2003, served as the party’s treasurer for just [...]
UK government is shifting its attitude over crypto – Westminster is backing this horse! November 3, 2022 There's growing movement in both the Houses of Commons and Lords that is slowly but surely embracing a future with cryptocurrency.
UK will not move Israel embassy from Tel Aviv to Jerusalem November 3, 2022 The UK will not move the British embassy in Israel from Tel Aviv to Jerusalem, after a review launched by ex-Prime Minister Liz Truss. A spokesperson for Prime Minister Rishi Sunak today said “it was looked at and I can confirm there are no plans to move” the embassy. Number 10 was unsure whether the [...]
Former Pakistan prime minister Imran Khan is shot in ‘assassination attempt’ November 3, 2022 Former prime minister Imran Khan has been shot in the leg and taken to hospital. According to reports it was an attempted assignation on the former PM and international cricket captain, was, and several other men were injured. Khan was reportedly hit in the leg while at a protest march, with members of his PTI [...]
Tory MP Andrew Bridgen faces Commons suspension for lobbying breach November 3, 2022 Tory MP Andrew Bridgen should be suspended from the House of Commons for breaking parliament’s lobbying rules, Westminster’s standards watchdog has said. The watchdog found Bridgen broke parliamentary standards rules by not properly recording his lobbying work for Mere Plantations – a forestry company. Bridgen, MP for North West Leicestershire, received a £5,000 donation from [...]
Home Office faces legal action over Manston overcrowding November 2, 2022 The Home Office is facing a judicial review over its treatment of detainees at the Manston immigration centre, the immigration minister said today.
UK looks at workers’ rights concessions in Qatar and Saudi trade talks November 2, 2022 The UK may demand a commitment to improvements in workers’ rights from Saudi Arabia and Qatar as a part of trade negotiations, according to the UK’s Middle East trade boss. Simon Penney yesterday told Morning Wire that “the ambition is there in Gulf countries” to improve workers’ rights amid claims that thousands of people have died [...]
Ben Wallace denies he threatened to quit over defence spending pledges November 2, 2022 Ben Wallace has denied claims he would resign if not given a vastly larger defence budget as he appeared to row back on Liz Truss’ previous target. The defence secretary told a Westminster committee that Truss’ promise to spend 3 per cent of UK GDP on defence by 2030 was only “an aspiration”. The Ministry [...]