MPs have expressed concerns that the Bank of England’s proposal to launch a digital pound might heighten the likelihood of bank runs.
UK’s shortest-serving PM Liz Truss blames economic orthodoxy for its downfall
Truss’s term was ended last year when her largely unfunded mini-budget and tax cuts drove up borrowing costs, and mortgage rates and sent the pound plunging. This shattered Britain’s reputation
Breaking: Nadhim Zahawi sacked as Tory party chair, to stay on as an MP
Nadhim Zahawi, an MP, will continue to serve as such and attacked the media after Rishi Sunak called him on Sunday morning.
Renationalizing energy companies is supported by half of UK Conservative voters
According to a poll published Monday, around half of the backers of Britain’s ruling Conservative Party support renationalizing the country’s energy sector. This is because rising energy prices are putting
Scottish Power’s £100bn Plan for a 2-year energy bill freeze
The energy giant supplies electricity and gas to over five million customers. It warned that the rising energy prices would be ‘truly horrible.
Liz Truss Has a 90% Chance of Becoming The UK’s Next Prime Minister
According to Smarkets, Liz Truss, UK Foreign Secretary, is expected to succeed Boris Johnson as head of the UK Conservative Party and Prime Minster as the leadership contest enters its
One of India’s wealthiest men, and a US private equity firm launch a £5bn takeover bid for Boots
A few days back, it was reported that Asda’s owners could be considering withdrawing their offer for Boots.
After ‘partygate’, UK PM Boris Johnson faces confidence vote this evening
After a growing number of Conservative Party lawmakers questioned Boris Johnson’s authority over “partygate”, a confidence vote will be held for Johnson later Monday.
UK’s Boris Johnson PM could be facing a leadership challenge this week, Times
According to the Sunday Times newspaper, officials from Boris Johnson’s Conservative Party, the British prime minister, expect a challenger to his leadership and have scheduled a vote for Wednesday.
The lack of support from the UK and Scottish governments caused oil giant to pull out of Cambo field.
Shell pulled out of a major North Sea oil project that was supposed to help secure UK energy supplies. This was in addition to lacklustre political support from Westminster and