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Rishi Sunak weakens regulation of financial services after 2008 crash
Rishi Sunak has weakened the regulation of financial services after the 2008 crash due to fears that he is aiming to make London a post-Brexit Singapore-on-Treasury -shire pushed by Tory donors. Rishi Sunak has weakened the regulation of financial services ...
Updated: 05/10/2022
Government will be able to unilaterally remove large parts of NI protocol
... said Truss is understood to have concluded talks with the EU and has been told that the proposed bill could lead to a trade war with the bloc. It comes after The Sunday Telegraph said Truss is facing Cabinet opposition, particularly from Chancellor Rishi Sunak and Communities Secretary Michael Gove, to her plans to rip up the protocol. Sir Jeffrey Donaldson has said he will not lead the DUP back into powersharing until the issue is resolved, suggesting that the prospects of a quick return of the devolved ...
Updated: 05/10/2022
Liz Truss plans to scrap NI protocol
... obligations. As well as scrapping checks, the draft legislation would remove powers of the European Court of Justice and remove all requirement for Northern Irish businesses to follow EU regulations. Some cabinet ministers, including the chancellor Rishi Sunak and the levelling up secretary, Michael Gove , were uneasy about the high stakes involved in Truss 's strategy and the possibility of a trade war with the EU , as the UK is on the brink of a possible recession. Cabinet sources suggested that ...
Updated: 05/10/2022
City of London reinventing a global digital hub
... towards cryptocurrencies, Reynolds says that the timing is suitable for the U.K. to capitalize. It appears as though the current Conservative government agrees. The idea of turning the UK into a criptoasset technology hub was championed by Chancellor Rishi Sunak last month. Sunak and the HM Treasury announced pro-cryptocurrency plans to foster digital asset innovation and usage, including recognizing stable coin as a payment method, creating a sandbox to test financial innovations, and re-examining tax ...
Updated: 05/09/2022
Keir Starmer vows to resign if fined for Durham party drinking
... the rules apply to them. The announcement follows speculation about what Starmer might do if Durham police, who started a new investigation into the event on 30 April 2021, decide to issue him a fixed-penalty notice. He called for Boris Johnson and Rishi Sunak to step down after Prime Minister and Chancellor were fined for being involved in a lock-down-breathing impromptu birthday celebration for Johnson in Downing Street in June 2020. Starmer pulled out of a speech on Monday at the Institute for Government ...
Updated: 05/09/2022
Police reopen probe into rival Keir Starmer
... Minister Boris Johnson over lock-ins took a twist on Friday when the British police decided to reopen an investigation into whether his political rival, Keir Starmer , had broken coronaviruses rules. Mr. Johnson and the chancellor of the Exchequer , Rishi Sunak , have been fined for breaching Covid laws, prompting critics - including Mr. Starmer - to call for resignation. A statement from the police in Durham, northeast of England, that they intend to look at allegations against Mr. Starmer will be ...
Updated: 05/06/2022
Bank of England raises interest rates to tackle inflation
The Bank of England warned that the cost-of-living crisis could plunge the economy into a recession in 2023 as it increased interest rates to tackle the rising inflation expected to top 10% later this year. The Bank of England Bank of England warned that the cost-of-living crisis could plunge the economy into a recession in 2023 as it increased interest rates to tackle the rising inflation expected to top 10% later this year. Threadneedle Street's monetary policy committee MPC voted to raise its...
Updated: 05/05/2022
Boris Johnson admits not enough to alleviate rising costs
... further help would look like. He said that the 24 hour freedom bus pass was something I introduced. Johnson said he was not prepared to put further taxes on oil and gas companies, a move that Labour has called for, and was hinted at by the chancellor Rishi Sunak last week. If you put a windfall tax on the energy companies, you discourage them from making the investments that we want to see that will keep energy prices lower for everyone. This is going to be something we have to fix. BP announced $6.2 billion ...
Updated: 05/03/2022
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