Labour conference: Starmer finds his feet in a bid to look prime ministerial September 27, 2022 British people weren’t done with queuing today. They politely stood in line to enter the main hall at the Labour Party Conference in Liverpool to hear Keir Starmer’s speech. There was, in fact, a queue for the queue to see Starmer, a feat the opposition party might’ve only dreamed of this time last year. The [...]
Starmer pledges new publicly owned energy firm as he says ‘this is a Labour moment’ September 27, 2022 Sir Keir Starmer has pledged to create a new publicly owned energy generation company if Labour wins the next election as he declares this is a “Labour moment” like 1997 and 1964. Starmer said the new company would be called Great British Energy and that it would take “advantage of the opportunities in clean British [...]
Kwarteng tells City bosses that ‘we are committed to fiscal discipline’ September 27, 2022 Kwasi Kwarteng has told a group of City bosses today that the government is committed to “fiscal discipline” as the chancellor tries to calm markets and reassure the Square Mile. Kwarteng told them that “we are confident in our long-term strategy to drive economic growth through tax cuts and supply side reform”, and that he [...]
Thornberry vows to crack down on corporate fraud if Labour wins election September 27, 2022 Labour has vowed to crack down on corporate fraud if it wins the next election by making it easier to prosecute firms for illegal conduct. Shadow attorney general Emily Thornberry said “fraud is now the UK’s most commonly-experienced crime”, calling it “an epidemic that the government has ignored and dismissed”. The proposed policy would see [...]
Former City minister: Scrapping bonus cap could have waited ‘a little longer’ September 27, 2022 John Glen, the former City minister, has said the decision to scrap the bankers’ bonus cap should have waited amid a cost of living crisis. Glen told the Following the Rules podcast that the removal of the cap, announced last week by new Chancellor Kwasi Kwarteng, “was something that I would have deferred for a [...]
Sterling crash: Plenty of blame to go round but much of it falls on the Bank September 27, 2022 The British economy has been through a lot in recent years but a full-scale currency crisis still wins points for novelty. But for all the sound and fury of yesterday’s market movements and the so-called sterling crash, the panic is overdone. Much of the blame for yesterday’s excitement lies, rightly, with the government. This newspaper [...]
Brazil threatens UK with WTO action over new deforestation legislation September 27, 2022 The Brazilian government has threatened to challenge proposed UK deforestation legislation at the World Trade Organisation, documents shared with Morning Wire this morning reveal. The proposed legislation seeks to prevent ‘large companies’ in the UK from using products grown on illegally deforested land. When asked to disclose submissions by the Brazilian government to its consultations [...]
Russians flee en masse to escape Putin’s mobilisation with few flights out of Moscow costing £10,000 September 27, 2022 Tens of thousands of Russians are fleeing their country to escape the mass military mobilisation that is currently underway. As a result, international flights out of Moscow now cost more than £10,000 per seat for a single ticket. The Kremlin ordered last week that up to 300,000 reservists across Russia should report for duty in [...]
China in grip of debunked coup rumours as Xi Jinping house arrest reports grow with all eyes on General Li Qiaoming September 27, 2022 Social media across China and the rest of Asia continues to be in overdrive today as persistent rumours that president Xi Jinping has been removed in a coup refuse to die down. Local and regional media speculate China’s long-standing leader was removed when he was away in Samarkand while attending the recent SCO summit, on [...]
Starmer says Labour is ‘party of the centre-ground’ as he vows to ‘fight Tories’ on economy September 26, 2022 Sir Keir Starmer will tomorrow say Labour is now the “party of the centre-ground” and will vow to “fight the Tories on the economy”. The Labour leader will say during his party conference speech in Liverpool that he stands for “sound money” and that he will “turn the UK into a growth superpower” if elected [...]