A UK businessman was arrested on Tuesday for allegedly conspiring to help a Russian oligarch evade U.S. sanctions, according to the U.S. Department of Justice (DOJ). Graham Bonham-Carter, 62, the cousin of actress Helena Bonham-Carter, is accused of wire fraud and funding U.S. properties purchased by Russian oligarch Oleg Vladimirovich Deripaska, who has been sanctioned by…
UK Businessman Graham Bonham-Carter Arrested for Allegedly Helping Russian Oligarch Evade Sanctions
UK Needs £60 Billion Public Spending Cuts, IFS Says
The UK government will need to cut at least £60 billion ($66.7 billion) in spending to keep debt in control, according to think tank the Institute for Fiscal Studies (IFS). It comes after the government announced an uncosted £65 billion ($72 billion) energy support package and £45 billion ($50 billion) worth of tax cuts along…
MPs Call on UK Government to Ditch 2030 Ban of New Petrol and Diesel Cars
A number of MPs on Tuesday called on the government to ditch its plan to ban the sales of new petrol- and diesel-powered cars and vans from 2030 as a new analysis estimated the cost of the policy will be five times the benefit. Craig McKinlay, Conservative chair of the Net Zero Scrutiny Group and the All-Party…
Experts: UK Financial Turmoil Could Be Contagious; Pandemic Is Root Cause
Financial turmoil hit Britain and sent shock waves through the global financial market, just weeks after Britain’s new prime minister Liz Truss took office. On Sept. 23, Britain’s Chancellor of the Exchequer, Kwasi Kwarteng, announced the country’s most radical package of tax cuts in nearly 50 years, calling it a “new era” for the British economy….
Record Number of Reported Hate Crimes After ‘Scary’ Change in Police Activity: Former Officer
New government figures show that the number of hate crimes recorded by police in England and Wales has risen by 26 percent this year, but critics say this is indicative that the police believe that “hate is everywhere.” On Thursday, the Home Office released the latest data on hate crime which saw the biggest yearly…
China’s Tech Presents ‘Huge Threat’ to Freedom: UK Intelligence Chief
October 11, 2022
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The chief of Britain’s cyber-intelligence agency will accuse China of using economic and technological means to crush dissent at home and force compliance abroad, according to transcripts of a speech released ahead of schedule. Beijing’s communist leadership is driven by fear and poses “a huge threat to us all,” according to extracts of a speech…
More Than 1,300 Fans Banned From World Cup by UK Home Office
More than 1,300 fans from England and Wales with banning orders will not be allowed to travel to Qatar for this year’s World Cup, the UK’s Home Office has said. The new measures, which come into effect from Friday, prevent supporters with a history of soccer-related violence from making the trip to the sport’s showpiece…
Bank of England Explands Bond-Buying Program to Include Inflation-Linked Bonds
The Bank of England (BoE) on Tuesday ramped up its intervention in the gilt market by including index-linked gilts in its emergency purchasing programme, citing market dysfunction which it says poses a “material risk” to the UK’s financial stability. Deputy Prime Minister Therese Coffey said she’s “absolutely confident” pensions are safe despite the central bank’s warning,…
UK Votes Against UN Racism and Slavery Reparations Resolution
The United Kingdom has voted against a resolution from the United Nations Human Rights Council to pay reparations from the trans-Atlantic slave trade. On Friday, a resolution titled “From rhetoric to reality: a global call for concrete action against racism, racial discrimination, xenophobia and related intolerance,” was tabled before a 47-strong U.N. Human Rights Council…
Bank of England Doubles Bond Buying Limit
The Bank of England (BoE) will double the amount of government bonds it can buy daily before the buy-back programme ends on Friday, the central bank said on Monday. Between Monday and Friday, the bank will offer to buy up to £10 billion ($11 billion) of gilts per day, up from the previous limit of £5…
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