Battle for Number 10: From tax to NHS, here are all the promises Liz Truss and Rishi Sunak have made so far August 3, 2022 Yesterday, Liz Truss has this morning performed a screeching U-turn on a policy to pay regional public sector workers less than their London counterparts. it came after a severe backlash from Tory MPs and Tees Valley mayor Ben Houchen. The embarrassing move comes as Truss and her rival Rishi Sunak continue to flesh out their [...]
City grandee Lord Cruddas calls for Tory leadership race to be suspended August 3, 2022 A City grandee and Tory peer has called for the party’s leadership election to be suspended and for Boris Johnson to remain in office in the wake of cyber security concerns over online voting. Lord Peter Cruddas, billionaire founder of CMC Markets, said that any threat of outside sabotage of the vote would mean that [...]
UK pharma industry still suffering skills shortages despite progress August 3, 2022 The UK’s pharmaceutical industry is still suffering from skills shortages, despite recent progresses, the UK’s industry body warned today. “We’ve made progress in addressing some of the skills gaps that pharmaceutical companies have faced in recent years, with rapid improvements in areas such as biological and chemical science,” director of corporate affairs at the Association [...]
US tries to lure chipmakers away from expansion in China with $52bn subsidy package August 3, 2022 The US has tried to incentivise chipmakers to not expand any further into countries like China and Russia, which is forecast to hit TSMC and Intel. Under the Chips and Science Act, which the White House is expected to sign this month, the US will offer semiconductor manufacturers access to $52bn (£42.5bn) worth of subsidies. [...]
Boris Johnson goes on holiday despite prime minister having less than five weeks in office August 3, 2022 Despite his premiership ending in less than five weeks time, Boris Johnson is to begin a summer holiday today. Downing Street would not give details of where the Prime Minister would be spending his time off from Wednesday until the end of the week. But the Prime Minister’s official spokesperson said Mr Johnson will remain [...]
Truss powers ahead as Sunak loses ground in Tory leadership race but ballot delay may work in his favour August 3, 2022 A reported ballot delivery delay over security concerns could give Rishi Sunak more time to make an impression before votes are cast as he appears to have lost ground in the Tory leadership race. A YouGov poll puts Liz Truss well ahead of Sunak in support from party members, with her lead increasing to 34 [...]
UK to pay business bodies to seal global mutual recognition deals for City firms August 3, 2022 The UK government will pay business bodies to broker deals in foreign countries to allow City workers to more easily work overseas post-Brexit. The new Recognition Arrangements Grants Programme will see payments of up to £75,000 given to professional bodies and regulators, for industries such as accounting and legal services, to pursue mutual recognition of [...]
City growing more comfortable with idea of Labour govt, says ex-Tory minister August 2, 2022 The City is getting more comfortable with the idea of a Labour government as it reverts to a New Labour-like policy direction, according to former Tory minister Lord Jim O’Neill. O’Neill, a crossbench peer who is heading a review of start-up funding for Labour, told Morning Wire that the party under Sir Keir Starmer has [...]
Tory leadership: Truss U-turns on pay cuts for regional public service workers August 2, 2022 Liz Truss has this morning performed a screeching U-turn on a policy to pay regional public sector workers less than their London counterparts. A spokesperson for Truss said that “current levels of public sector pay will absolutely be maintained” and that “our hard-working frontline staff are the bedrock of society and there will be no [...]
Rare admission: Jacob Rees-Mogg says he was wrong to claim there would be no Brexit delays in Dover August 2, 2022 It was wrong to state there would be no delays at Dover caused by Brexit, Jacob Rees-Mogg said this morning. The Brexit opportunities minister was adamant in the past that any backups when crossing the Channel would be witnessed in Calais But after holidaymakers faced chaos on gridlocked roads on the British side of the [...]