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Whitehall inquiry ordered into leak of Chancellor’s wife’s tax status

A Whitehall leak inquiry has been launched in an attempt to find out who passed details of Chancellor Rishi Sunak’s wife’s tax status to the media. Akshata Murty dramatically announced on Friday that she would pay UK taxes on her worldwide income ...

10 Apr 2022 at 01:25

‘Near-automatic sign off’ – Hunt pledges £10m to speed up access to new drugs

New drugs could get “near automatic” sign off for use in the UK under plans to enter new partnerships with other international drugs regulators. Chancellor Jeremy Hunt announced that £10 million is to be given to the UK regulator – the Medicines ...

15 Mar 2023 at 18:46

City

UK tech groups cheer SVB rescue deal for saving thousands of ‘anxious’ start-ups

UK technology firms have cheered the sale of Silicon Valley Bank UK (SVB UK) to HSBC after warning that about a third of the nation’s tech sector could have been lost if the bank collapsed. An influential tech group said anxiety levels were ...

13 Mar 2023 at 13:29

City

Government extends plan to sell stake in NatWest

The Treasury has extended a plan to sell shares in NatWest for another two years after global jitters in the banking sector sent share prices tumbling. The Government will now have until August 11 2025 to complete its “trading plan”, which ...

03 Apr 2023 at 08:00

Weak public investment an ‘institutional failure of the British state’ – report

A long-running cycle of weak public investment represents an “institutional failure of the British state” which has undermined economic growth and key services, according to a leading think tank. The Resolution Foundation has called for ...

30 Mar 2023 at 00:01

Public being ripped off by ‘pitiful’ Shell tax contribution, say campaigners

The British public are being “ripped off” by Shell, which made record profits of £32 billion last year while paying the equivalent of 22p per UK citizen in tax, campaigners have said. In a new comedy sketch released in time for Shell’s ...

23 May 2023 at 00:01

City

Treasury sells more of its NatWest stake ahead of planned summer share sale

The Government has sold another chunk of its stake in NatWest, continuing the process of bringing the high street bank into private ownership. A notice on Monday confirmed that the Government’s shareholding in the bank has fallen by ...

13 May 2024 at 11:34

Treasury insider is the new top official in the department

A Treasury insider with more than 20 years’ experience in the department has been appointed as the new permanent secretary, the Cabinet Office has announced. James Bowler returns from the Department for International Trade, where ...

10 Oct 2022 at 16:20

Sunak accused of squandering £11bn in debt interest payments

Chancellor Rishi Sunak has been accused of wasting £11 billion of taxpayers’ money by paying too much in interest servicing the Government’s debt. The National Institute of Economic and Social Research (NIESR) said the losses ...

10 Jun 2022 at 00:43

City

Sunak says regulations are ‘robust’ after relaxing post-financial crisis rules

Rishi Sunak has insisted regulation of the financial services sector remains “robust” despite the relaxation of banking safeguards introduced after the 2008 financial crisis. The Prime Minister sought to defend the ...

09 Dec 2022 at 14:09

City

Chancellor cuts red tape and axes EU rules in UK banking overhaul

The Government has launched a raft of major reforms to the financial sector to replace EU regulation and cut red tape. Chancellor Jeremy Hunt said the so-called “Edinburgh Reforms” will seize on “Brexit freedoms” ...

09 Dec 2022 at 09:46

Chancellor warns of ‘tough road ahead’ as UK teeters on brink of recession

Jeremy Hunt has warned he will be making “eye-watering” decisions after the economy shrank in what is feared to be the beginning of the longest recession on record. The Chancellor warned on Friday of a “tough ...

11 Nov 2022 at 10:38

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