Kwarteng says ‘let’s see’ on tax cut U-turn as speculation mounts October 13, 2022 Kwasi Kwarteng tonight said “let’s see” in the face of questions about another potential tax cut U-turn, giving the strongest indication yet that there will be an about face from the government. The chancellor told the BBC “my total focus is on delivering on the mini-Budget and making sure we can get growth back into [...]
UK risks exodus of science firms with hard-line immigration stance October 13, 2022 Science and technology businesses are bailing out of the UK amid strict limitations on visas for oversees talent. One in six firms have plans to relocate abroad over the next three years, according to research by consultancy Ridge and Partners, with nearly a third of businesses polled being hit by the government’s visa limits. Liz [...]
Liz Truss eyes mini-Budget U-turn on Corporation Tax October 13, 2022 Number 10 is actively considering whether to U-turn on more of the tax cuts in the government’s mini-Budget, just hours after Liz Truss’ spokesperson said no changes are on the cards. Truss’ spokesperson today said there would be no cancellation of any more of the government’s tax cuts and that the timetable for implementing them [...]
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 [...]
Cleverly blasts Tory MPs for attacking Truss and wanting ‘quotable tweets’ October 13, 2022 Britain’s foreign secretary James Cleverly has hit out at Conservative rebels for publicly criticising Liz Truss over her spending plans, accusing them of being concerned with “having quotable tweets”. Cleverly’s comments comes after Tory MPs began to publicly call into question Liz Truss’ policies yesterday. A frenetic meeting of the backbench 1922 Committee last night [...]
Parliament paves way for blockchain with digital documents Bill for UK’s £1.3 trillion trade industry October 13, 2022 Westminster last night passed a Bill that could see official government documents be held on the technology behind cryptocurrency.
‘Back again? Dear oh dear’: King Charles greets PM Liz Truss October 13, 2022 King Charles appeared to mutter ‘dear oh dear’ as he met Prime Minister Liz Truss in his first audience with her since he became the new monarch. In a video widely shared online, Truss is seen entering the room in Buckingham Palace and being introduced before bowing, and saying: “Your Majesty, great to see you [...]
New laws pushing for paperless trade introduced to parliament October 12, 2022 A new bill aimed at driving paperless trade was introduced to parliament today, cutting “red tape” for international shipping. The Electronic Trade Documents Bill hopes to boost the UK’s international trade, and reduce the estimated 28.5 billion paper trade documents printed and flown around the world daily. Under the new law, digital trade documents will [...]
Another Andrew Bailey misstep was the last thing markets needed October 12, 2022 Andrew Bailey’s tenure as Bank of England governor has not been a happy one. Marked first by the pandemic, it has been defined by rising prices, an economic slowdown and now a crisis of sorts in financial markets. Amidst all of this, the one thing the City would look for would be reliable and consistent [...]
Advertising regulator says govt broke rules with series of articles in local papers October 12, 2022 The advertising regulator has ruled the government broke the law with a series of advertorials in local newspapers. The Department of Levelling Up, Housing and Communities published pieces on March 13 on the websites of the Grimsby Telegraph, Derby Telegraph, Birmingham Mail, Leicestershire Mercury and Newcastle Chronicle, and on Cornwall Live and Wales Online. Labour [...]