Sam Gyimah pledges tax cuts in bid to win Tory leadership race June 7, 2019 Conservative leadership hopeful Sam Gyimah has vowed to slash taxes in a bid to outflank his rivals as the true Thatcherite candidate in the race to succeed Theresa May. Read more: Tory leadership race candidates told to stay until ‘bitter end’ The former universities minister told CityAM he wanted to reform five taxes in [...]
Tory leadership race: Contenders must stay until the bitter end June 6, 2019 Tory leadership race hopefuls have been told they must be prepared to stay in the contest until the bitter end to avoid a repeat of the coronation of Theresa May as party leader in 2016. May won the race to succeed David Cameron three years ago when leadership rival Andrea Leadsom pulled out of the [...]
Prime Minister shoots down report that financial services Brexit deal is almost secured November 1, 2018 The Prime Minister today denied reports that a Brexit deal to provide London’s financial services firms access to European markets is almost secured. The City’s access to financial markets in the EU after the UK exits the bloc next year would be based on the EU’s so-called equivalence system, according to a report in The Times this [...]
Brexit deal will be done within three weeks, reveals Dominic Raab October 31, 2018 The pound jumped by one per cent on Wednesday as Dominic Raab claimed a Brexit deal will be agreed within three weeks. The revelation from the Brexit secretary saw sterling rise to 1.1307 against the euro and bounce back from a two month low against the dollar to 1.2829. Raab made the claim in a letter [...]
Business leaders could become UK’s new ambassadors in radical plan by Jeremy Hunt October 31, 2018 Business leaders could be among a wave of new ambassadors under plans by Jeremy Hunt to open up the diplomatic service. In a speech on Wednesday, the foreign secretary is expected to say that for the first time non-civil servants could represent the UK government overseas. The creation of the 335 new diplomatic positions will [...]
Facebook’s Mark Zuckerberg invited again to appear before MPs investigating fake news October 31, 2018 Facebook chief Mark Zuckerberg has been summoned to a special meeting of UK and Canadian MPs to give evidence about ‘fake news’. Conservative MP Damian Collins, chair of parliament’s digital, culture, media and sport committee, has joined forces with his Canadian equivalent, Bob Zimmer, to propose a one-off hearing on 27 November. The social media billionaire [...]
John McDonnell under fire from Labour MPs for backing the Budget’s tax cuts October 30, 2018 Labour’s shadow chancellor has been forced to defend his surprise support for Conservative plans to cut taxes for higher earners. John McDonnell said on Tuesday he would not reverse moves to raise the 40p income tax threshold to wages over £50,000 from April 2019 if he was in government. The policy, announced by chancellor Philip Hammond [...]
EU says European firms can still use UK clearing houses in no-deal Brexit October 30, 2018 EU banks and companies will be able to access UK clearing houses for a limited time in the case of a no-deal Brexit, it has been confirmed. Valdis Dombrovskis, vice-president of the European Commission, made the pledge after months of lobbying from companies urging for the rules stopping them using the institutions if the Brexit [...]
Fiscal Phil brings MPs sunshine, but only if they back him on Brexit October 29, 2018 Philip Hammond is a man more comfortable poring over spreadsheets than performing stand-up. He prefers an abacus to a microphone and an audience. But at times like these, when the staff need a morale boost, even the most bookish company finance director must come down to the shop floor to remind the workers just what [...]
Philip Hammond chooses to splash the cash in his Budget rather than pay down the deficit October 29, 2018 Chancellor Philip Hammond declared “austerity is coming to an end” as he unveiled a raft of spending increases and tax cuts on Monday. Hammond used better-than-expected tax revenues of £12bn to pour extra cash into the NHS and bring forward by a year an increase in the 40p tax threshold to £50,000. The new level will [...]
