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Boris Johnson to outline Christmas Covid rules

Boris Johnson will on Sunday outline plans for families to see each other at Christmas alongside a tougher three-tiered regional coronavirus strategy for England, which will come into effect after the national lockdown ends on December 2.  Cabinet ministers are expected to discuss and sign off on the Covid Winter Plan on Sunday, and Mr… Continue reading Boris Johnson to outline Christmas Covid rules

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Looser Christmas Covid rules will carry cost, warn scientists

Further restrictions may be needed before and after Christmas if coronavirus measures are loosened over the festive period, government scientific advisers warned on Wednesday, as ministers prepare to outline new rules in England ahead of the due end of lockdown on December 2. Prof Susan Hopkins, an infectious diseases adviser at Public Health England, said… Continue reading Looser Christmas Covid rules will carry cost, warn scientists

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Review of UK Treasury investment rules to be unveiled this month

The government will attempt to relaunch its strategy to “level up” prosperity across the UK by rewriting Treasury spending rules that favour investment in richer areas. A review of the “green book”, which is used by the Treasury to assess where to build new infrastructure on strict value-for-money criteria, will be unveiled by chancellor Rishi… Continue reading Review of UK Treasury investment rules to be unveiled this month

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Green business reporting rules at risk of pale response

The UK aims to become the first country in the world to require climate risk disclosures across the economy but its new plan has raised questions about whether the rules will make enough difference to investors and been criticised by activists who say the disclosures do not go far enough. By 2025, climate risk assessments… Continue reading Green business reporting rules at risk of pale response

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Tightening takeover rules: the UK finally catches up

One thing to start: Muddy Waters, the US short seller run by Carson Block, has launched a scathing attack on 2020s hottest investment phenomenon, the special purpose acquisition company, and revealed it is betting against a company brought to market by former Citigroup dealmaker Michael Klein. More here. Our next event: The next gathering of… Continue reading Tightening takeover rules: the UK finally catches up

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UK takes aim at China with revamp of takeover rules

Former chancellor George Osborne in 2015 promised a “golden decade” of business relations between China and the UK, but that pledge was effectively ditched by prime minister Boris Johnson on Wednesday. The government published legislation giving ministers sweeping new powers to block overseas companies from buying UK businesses on national security grounds, in a move… Continue reading UK takes aim at China with revamp of takeover rules

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EU may need to extend suspension of budget rules, commissioner says

The current severe economic downturn may force the EU to keep its budget rules suspended for a further year, the bloc’s economics commissioner has said, as he warns there is a risk of a double-dip recession.  Paolo Gentiloni said officials would discuss in the coming months whether an extension into 2022 of the “general escape… Continue reading EU may need to extend suspension of budget rules, commissioner says

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UK’s new green rules, dirty meat suppliers, China gender diversity

One thing to start: With the US expected to rejoin the Paris climate accord under Joe Biden, this opens the door for the Federal Reserve to join the Network for Greening the Financial System. Speaking before senators on Tuesday, Randy Quarles, vice-chair of the Fed, said of NGFS membership: “I suspect it will be granted.”… Continue reading UK’s new green rules, dirty meat suppliers, China gender diversity

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Hong Kong ousts four lawmakers under new national security rules

Hong Kong’s government has ousted four pro-democracy lawmakers from the city’s de facto parliament using new powers granted by Beijing, in what critics say is part of a growing attack on the territory’s autonomy. The new provisions allow the government to remove lawmakers on national security grounds. This includes supporting Hong Kong independence or inviting… Continue reading Hong Kong ousts four lawmakers under new national security rules

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UK to overhaul takeover rules to curb foreign security threats

Boris Johnson will on Wednesday announce the biggest overhaul of British takeover law for two decades to prevent overseas companies buying up sensitive UK assets, as concern grows inside Downing Street about China’s influence. The tough measures will require prospective foreign buyers of UK companies, shareholdings or intellectual property in 17 sensitive industries to alert… Continue reading UK to overhaul takeover rules to curb foreign security threats