Rishi Sunak Archive

Did the wheels come from the Peloton?

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The peloton was ready to take London by storm. Following record sales during the pandemic, the giant brand loved by everyone, from Rishi Sunak to David Beckham, was to open a 30,000-square-foot gym and movie theater in Covent Garden in September. Fans were thrilled. After all, bicycles became a

Britain’s half-arsed climate summit – POLITICO

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LONDON — It wasn’t quite the coming out party post-Brexit Britain had dreamed of. The COP26 climate summit, long pitched by advocates in the British government as an opportunity to project the United Kingdom’s continued influence on the global stage, came to an emotional close last weekend with the

The “cozy” links between Whitehall and the Bank of England that influence who shapes Britain’s interest rates

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He objects to the lack of “a serious alternative view of what the MPC should do”, especially as longtime bank staff take their lead from the governor’s office. “That group thinking has been there for a long time,” Sentance says. Sentance’s former sparring partner at MPC, Danny Blanchflower, says

Zombie Britain desperately needs a way out of this dangerous debt bubble

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The markets inevitably move, even if the Bank of England does not. Governor Andrew Bailey had teased them by recently proposing that the bank “must act” to curb inflation. Then, despite rising inflation forecasts, he found that the bank did not really need to act after all. But markets

British Prime Minister Rishi Sunak is releasing a new Gandhi commemorative coin to mark Diwali

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LONDON: Chancellor of Great Britain Rishi Sunak unveiled a new 5-pound commemorative coin that celebrates life and heritage from Mahatma Gandhi to mark Diwali on Thursday. Available in a variety of standards, including gold and silver, the special collector’s coin is designed by Heena Glover and features a picture

The BoE’s Tenreyro warns that raising interest rates could be “self-destructive”; US Unemployment Claims Fall – Live Business – The Guardian

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The BoE’s Tenreyro warns that raising interest rates could be “self-destructive”; US Unemployment Claims Fall – Business Live  The guard Interest rates are rising to counteract the base effect of inflation “self-destructing”, says MPC member  Business Live BOE’s Tenreyro: Raising interest rates to offset one-off price increases would be “self-deprecating”  FXStreet BoE

Rishi Sunak says he is ‘confident’ there will be gifts under the tree this Christmas

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Rishi Sunak has said he is ‘confident’ there will be a ‘good amount’ of Christmas presents in stores despite the escalating supply chain crisis. The Chancellor blamed global factors for the chaos and admitted the government ‘can’t fix every single problem’. But he said ministers are doing ‘absolutely everything we can’ to

Finance Minister labeled “ridiculous” after claiming shortage of HGV drivers has nothing to do with Brexit – live | Policy

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SC: The difficulties we face are not unique to this country. The idea that this is somehow just a British problem is fundamentally wrong. There is a shortage of 400,000 HVV drivers throughout Europe. We share that problem. It is driven in part by the demographics of the workforce,