![]() ![]() ![]() Rishi Sunak will be asked to authorise full compensation payments when he gives evidence at the Infected Blood Inquiry this afternoon.Ĭampaigners will call on the prime minister to pay full compensation to those infected and affected by contaminated blood and blood products, as recommended by Sir Brian Langstaff, chairman of the inquiry, in April. "With that in mind it now seems absurd that the board of NatWest had considered that Alison Rose could ride out this storm." They are trusted with our hard-earned cash and relied upon to fund a myriad of purchases from buying a house to business expansion which delivers jobs and prosperity. Lloyds Banking Group shares dropped by 3% on the FTSE 100 Index despite posting surging half-year profits on Wednesday, while Barclays stock was also nearly 2% lower.ĭanni Hewson, head of financial analysis at AJ Bell, said: "Banks play a crucial role in making the country tick. Shares in NatWest slumped by 3%, wiping more than £600m off the bank's stock market value, which is still 38% owed by the taxpayer, as the crisis showed little sign of dying down, with Mr Farage saying more of the lender's board should quit.īut shares across the sector were also hit as the former Ukip leader called for "cultural change" across the wider banking industry and promised to continue to campaign on account closures. NatWest has been thrown into a crisis mode in recent days, culminating with the resignation of boss Dame Alison Rose in the early hours after she admitted discussing Mr Farage's relationship with private bank Coutts, owned by NatWest Group, with a BBC journalist. The UK's banking sector is likely to face political and regulatory fallout which will "ripple out for months to come" after the furore surrounding the closure of Nigel Farage's Coutts account, according to experts. So what are the current pledges from the government that could be facing either delays or the axe? ![]() Sparked by its narrow win in the Uxbridge and South Ruislip by-election last week - a battle fought and won by the Conservatives' opposition to London's Ultra Low Emission Zone (ULEZ) scheme - some in the party are calling for a rethink of their current climate commitments, with Sir Jacob Rees-Mogg claiming they are "unpopular" and "expensive".ĭowning Street has confirmed ministers are scrutinising existing pledges "in light of some of the cost of living challenges".Īnd Prime Minister Rishi Sunak has hinted at a watering down of proposals, saying measures must be "proportionate and pragmatic", instead of adding cost and "hassle" to households.īut others from both the Tory benches and the opposition warn any rollback would not only add to the damage caused to the planet, but see the UK fail to cash in on the jobs, industry and investment offered by green technologies. As a record breaking heatwave ravages southern Europe, back in a drizzly United Kingdom another debate has fired up - the future of the government's green agenda. ![]()
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