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...The move has caused anger in ministerial circles, fuelling fears that the Financial Conduct Authority’s approach to regulation is harming the City of London and driving business abroad....
...The business secretary is separately engaged in a bitter row with Henry Staunton, whom she sacked as Post Office chair last month, accusing him of making “wild, baseless allegations” over the Horizon IT...
...Staunton had accused Read of bullying the business’s former human resources director, Jane Davies, the author of the “Speak Up” document....
...The City veteran’s latest intervention will add further pressure to Read....
...Staunton, a City of London veteran who was sacked by business secretary Kemi Badenoch in late January after a little more than a year in the job, had himself been investigated for what he called “politically...
...Staunton, a City of London veteran appointed in 2022, triggered a spat with the government this month after he alleged a senior official instructed him to stall payouts to Post Office victims....
...Staunton, a City veteran appointed to head the Post Office in 2022 after the extent of the Horizon scandal was clear, triggered the high-profile war of words by hitting back at Badenoch in an interview last...
...This article has been amended to clarify details of Staunton’s dismissal and Read’s threat to quit...
...Kemi Badenoch and the former Post Office chair were locked in a war of words on Monday, as the business secretary accused Henry Staunton of making “wild, baseless allegations” about the government’s handling...
...A spokesperson for Staunton said the two biggest items of expenditure the business faced at the time were replacing the Horizon IT system and compensating victims of the scandal....
...In a statement in the House of Commons, Badenoch said that she dismissed Staunton “because there were serious concerns about his behaviour as chair”....
...” Staunton said....
...The UK business secretary told the BBC on Sunday that the governance of the state-owned business under Henry Staunton “just wasn’t working” and this required a change of leadership on the board....
...Staunton is the second member of the Post Office board to depart this year....
...Kemi Badenoch, the business secretary, took the decision to oust Staunton in late January exposing unrest at the top of the organisation....
...Then again, few British politicians would have used the eviscerating words aimed by Badenoch at Henry Staunton, whom she accused of spreading “a series of falsehoods” about the Horizon IT scandal as part...
...This issue acts as a curtain-raiser for a year of celebrations. Welcome to Paris 2024. With the Olympics arriving in a few months, the city is in a mad rush to polish up before the torch arrives....
...Officials said civilians sheltering in Gaza’s southernmost city would be moved to areas “geographically close” to Rafah, including a coastal safe zone called Al-Mawasi, the city of Khan Younis, and perhaps...
...While Charles (Dominic West) vainly mounts a campaign to improve Camilla’s public profile and Queen Elizabeth (Imelda Staunton) tries to draw a line under the ignominy of divorce, they are haunted by reports...
...The US equity market accounts for an “astonishing” 60.5 per cent of global stock market capitalisation, according to research by Elroy Dimson of the University of Cambridge and Paul Marsh and Mike Staunton...
A tour of Paris in the season’s new looks
...The City of London is likely to be affected by alterations to non-dom rules....
Ain’t no love in the chart of the city
...A contentious plan to demolish the former Museum of London to make way for new offices has been placed on hold by Michael Gove, even as the City of London backed the scheme....
...São Paulo faces the collapse of its electrical grid following years of under-investment, officials have warned, as widespread blackouts disrupt activity in the largest city in the Americas....
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