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UK economy
UK energy security bill paused to prioritise support for businesses
...Officials confirmed that elements of the energy security bill could be taken on by the Treasury or levelling-up department....
September 15, 2022
Letter
Letter: US financial sanctions risk fuelling de-dollarisation trends
...Back in 2016, the then US Treasury secretary, Jack Lew, said the US “must guard against the impulse to reach for sanctions too lightly or in situations where they have negligible impact”....
November 15, 2023
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Cost of living crisis
ScottishPower calls for private sector fund to subsidise energy bills
...Separately, in a letter to business secretary Jacob Rees-Mogg on Friday, executives from energy companies including Centrica, Eon, EDF Energy and SSE expressed anger over clauses in the recently published...
October 21, 2022
News in-depthUK tax
Hunt’s Budget dilemma: play it safe or be ‘bold’ to save Tory seats
...Buckland acknowledged that some critics derided Hunt as “a little too cautious, too much in the play of Treasury orthodoxy”, but he said: “I think he’s played it as well as, or better than, anyone could...
March 5, 2024
Cryptofinance
US watches Russian crypto activity ahead of election Premium content
...presidential administration, the Treasury department said on Wednesday....
March 22, 2024
Energy sector
Meet Jacob Rees-Mogg, British sun god
...As Britain jumps out of the frying pan and into the freezer, one unfairly overlooked development is the Business Secretary Jacob Rees-Mogg’s rapid ascension: having emerged as a Victorian cosplay act a few...
October 17, 2022
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News in-depthUS banks
The weekend US officials hatched a plan to stave off a banking crisis
...“No one expressed any disagreement with the fundamental decision by the Treasury department to make the depositors whole,” Jackson wrote on his Substack blog....
March 14, 2023
FirstFT
FirstFT: Outline of a US debt deal emerges
...The CBO’s warning follows similar comments from Treasury secretary Janet Yellen....
May 15, 2023
Transcript
Rishi Sunak’s ‘questionable radicalism’
...And although the Department for Levelling Up still exists and Michael Gove still exists as the secretary of state who’s in charge of it, as you say, it’s not something that you hear a huge amount about....
October 5, 2023
Energy crisis
Liz Truss vetoed campaign urging UK public to cut energy usage
...Business secretary Jacob Rees-Mogg had prepared the “light-touch” campaign aimed at encouraging people to restrict energy usage ahead of a warning on Thursday by National Grid of rolling blackouts in the...
October 7, 2022
UK politics
New PM installs close allies in top cabinet jobs
...minister for the constitution, under-secretary of state for Northern Ireland and economic secretary to the Treasury....
September 6, 2022
ExplainerUK public finances
Five ways to fix the £40bn hole in the UK’s public finances
...Reducing spending by Whitehall departments The Treasury has said government departments will need to live within budgets finalised in the last spending review, which set annual totals until 2024-25....
October 18, 2022
Transcript
Sunak and the backseat former PMs
...And having the right set of departments to give the focus individually is important....
February 11, 2023
InterviewUK economy
Kwarteng rolls the dice to try to kick-start UK economic growth
...Kwarteng told shocked Treasury staff that the department needed “fresh leadership”....
September 23, 2022
FT SeriesRussia in Africa
How Moscow bought a new sphere of influence on the cheap
...Lavrov’s tour of four African states last July was swiftly followed by a flurry of visits by senior US officials, including Antony Blinken, US secretary of state, and Janet Yellen, treasury secretary, who...
February 7, 2023
FT Live
Business Book of the Year Award 2024
The search for the best business book is under way
Monday, 9 December1 Grosvenor Pl, London SW1X 7HJ, UK
UK politics
‘The current situation is untenable’: what MPs told Boris Johnson in letters of resignation
...Claire Coutinho PPS to the Treasury“I have resigned my position as a Parliamentary Private Secretary to HM Treasury.”...
July 6, 2022
Politics
Fisking the Trussay
...I saw first-hand during my two years as chief secretary to the Treasury that pessimism and scepticism about the growth potential of the British economy are sadly endemic at the Treasury: serious planning...
February 7, 2023
News in-depthRishi Sunak
Boris Johnson’s allies step up their attacks on Rishi Sunak
...He said that as prime minister he would set up a Brexit delivery department and that by the next general election he would have “scrapped or reformed all of the EU law, red tape and bureaucracy that is still...
July 17, 2022
Cost of living crisis
Cabinet split on plan to cut UK food tariffs as grocery bills rise 5.9%
...Another confirmed Johnson was sympathetic to the move, adding: “The Department of International Trade aren’t fans.”...
April 26, 2022
Britain after Brexit
Headaches in the boardroom Premium content
...In an interview with Martin Wolf, former US Treasury secretary Larry Summers delivers his verdict....
October 6, 2022
Transcript
A new chancellor and another U-turn for Truss
...called Antonia Romeo, who is the Justice Department’s permanent secretary....
October 15, 2022
Britain after Brexit
City wants better regulation not deregulation Premium content
...When UK business secretary Jacob Rees-Mogg was asked last week which one EU rule he would “junk” above all others, he replied without hesitation to a crowd at the Conservative party conference: “Solvency...
October 13, 2022
Britain after Brexit
If a nimble UK is to be better regulated than the EU it has to be just that — nimble Premium content
...As Rhys Clyne at the Institute for Government notes, DCMS has almost the same number of staff (3,020) as the Treasury (3,100), but inside Whitehall everyone knows DCMS has about as much clout as the Treasury...
June 23, 2022
News in-depthConservative Party UK
Power seeps away from the prime minister
...“There are some departments with a secretary of state but no ministers beneath them — they’ve all resigned,” said the person....
July 6, 2022
FT Weekend’s best long reads of 2022
In the Bunker: Boris Johnson’s last stand
...Even though Johnson brought him back into government as one of his most senior ministers, first at the Cabinet Office and then as levelling-up secretary, the prime minister’s most ardent loyalists never...
November 18, 2022

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