LONDON — The British government said Sunday it will dispatch 1,200 troops to fill in for striking ambulance drivers and border staff as multiple public sector unions walk off the job in the week before Christmas.
Ambulance crews are due to strike on Wednesday, joining nurses, railway staff, passport officers and postal workers, who are all staging a series of walkouts in the coming weeks.
The U.K.’s most intense strike wave for decades is a response to a cost-of-living crisis driven by soaring food and energy prices in the wake of the COVID-19 pandemic and Russia’s invasion of Ukraine.
Some 417,000 working days were lost to strikes in October, the highest number in a decade.
Unions are seeking pay increases to keep pace with inflation, which was running at 10.7% in November, down slightly from 11.1% in October but still a 40-year high.
The Conservative government argues that double-digit raises would drive inflation even higher, and has tried to pin blame for disruption on union leaders. In the tabloid Sun on Sunday, Prime Minister Rishi Sunak branded union chiefs “Grinches that want to steal Christmas for their own political ends.”
Cabinet minister Oliver Dowden said “it would be irresponsible to allow public sector pay and inflation to get out of control.”
“We’re making progress with the economy. Don’t put that at risk with these unaffordable demands,” he told the BBC.
The government is calculating that public opinion will turn on the unions as people across the U.K. face postponed hospital appointments, canceled trains and travel delays during the winter holiday season. But opinion polls show a high level of support for the workers – especially nurses, whose strikes across England, Wales and Northern Ireland are the first in the 100-year history of their union, the Royal College of Nursing.
Nurses and ambulance crews say they will still respond to emergencies during their strikes.
“We’ve given a commitment that our members will scramble off picket lines and get into ambulances if there are emergencies that need to be covered,” said Onay Kasab, national lead officer of the Unite union.
But Matthew Taylor, who heads health service body the NHS Confederation, said patients will be at risk, and called on both government and unions to compromise.
“We’re in the middle of winter and we have a health service which, even on an ordinary day without industrial action, is finding it difficult to cope,” he told the BBC. “So there are going to be risks to patients. There’s no question about that.”
LONDON (AP) — German tennis legend Boris Becker has returned to Germany after serving eight months in prison in Britain, his lawyer said Thursday.
The 55-year-old German, who has lived in Britain since 2012, was released on Thursday morning and traveled back to Germany shortly thereafter.
Becker “has thus served his sentence and is not subject to any penal restrictions in Germany,” his lawyer, Christian-Oliver Moser, said in a statement. He did not give additional details about Becker’s location in Germany.
The three-time Wimbledon champion had been sentenced to 30 months in prison in April for illicitly transferring large amounts of money and hiding assets after he was declared bankrupt. He would normally have had to serve half of his sentence before being eligible for release, but was released early under a fast-track deportation program for foreign nationals.
He had been convicted by London’s Southwark Crown Court on four charges under the Insolvency Act, including removal of property, concealing debt and two counts of failing to disclose estate.
Becker rose to stardom in 1985 at the age of 17 when he became the first unseeded player to win the Wimbledon singles title.
The former world number one was declared bankrupt in June 2017.
LONDON (AP) — Three young boys who fell through ice covering a lake in central England have died and a fourth remains hospitalized as weather forecasters issued severe weather warnings for large parts of the United Kingdom.
Police in full uniform jumped into the water and broke through the ice using their bare hands to pull the boys, ages 8, 10 and 11, from the icy waters Sunday afternoon and rushed them to the hospital in the West Midlands, about 100 miles (160 kilometers) north of London. But they could not be revived after suffering cardiac arrest.
The fourth child, who is 6, remains in critical condition. Emergency workers searched through the night and into Monday for two other children who were reportedly with the group, though it is uncertain whether there were additional victims of the tragedy.
“It’s important to stress … that we’ve had no contact from anybody suggesting that there’s anybody else missing, but until we’re 100% certain we will be carrying on searches throughout the course of today,″ West Midlands Police Superintendent Richard Harris said.
Harris declined to say whether the children were members of a single family.
The news came as the Met Office, Britain’s national weather service, issued severe weather alerts for large parts of the country. Roads in eastern and southeastern England were among the most affected. Some travelers were stuck for hours due to the closure of the UK’s busiest highway, the M25, which circles greater London.
Gatwick and Stansted airports warned of flight delays on Monday, and London City Airport said it was experiencing “some disruption” because aircraft were out of position after flight cancellations on Sunday night.
The country recorded its coldest night of the year so far in northern Scotland at minus 15.7 degrees Celsius (3.7 degrees Fahrenheit).
“Frozen lakes, ponds, canals and reservoirs can look picturesque but they can be lethal, and there are no greater warnings of this than yesterday’s tragic events,″ West Midlands Fire Service area commander Richard Stanton said. “Yesterday’s incident is a stark reminder to us all of the dangers of open water, especially during the winter months.″
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European Central Bank President Christine Lagarde is due to give a press conference following the bank’s latest monetary policy decision.
The ECB, the central bank of the 19 nations that share the euro currency, opted for a smaller rate hike this time around, taking its key rate from 1.5% to 2%.
It also said that from the beginning of March 2023 it would begin to reduce its balance sheet by 15 billion euros ($16 billion) per month on average until the end of the second quarter of 2023.
LONDON — Prince Harry and his wife, Meghan, are expected to vent their grievances against the British monarchy on Thursday, when Netflix releases the final episodes of a series about the couple’s decision to step away from royal duties and make a new start in America.
After the first three installments of “Harry & Meghan” focused on the British media’s coverage of the couple and the way it was influenced by racism, California-based streaming giant Netflix promoted the latest episodes with a trailer in which Harry alleges the couple were victims of “institutional gaslighting.”
“They were happy to lie to protect my brother,” Harry says in the trailer, referring to Prince William, the heir to the throne. “They were never willing to tell the truth to protect us.”
While it is unclear who “they” are, the trailer suggests a combination of the media and palace officials are the most likely alleged culprits. The quote is delivered over a shot of Buckingham Palace and video of William and Harry walking side-by-side during the funeral of their grandfather, Prince Philip, in April 2021.
The potentially explosive new episodes come at a crucial moment for the monarchy as King Charles III tries to show that the institution remains alive and vibrant after the death of Queen Elizabeth II, whose personal popularity damped criticism of the crown during her 70-year reign. Charles is making the case that the House of Windsor can help unite an increasingly diverse nation by personally meeting with representatives of the ethnic groups and faiths that make up modern Britain — trying to show that whatever the allegations against him, the reality is different.
Pauline Maclaran, author of “Royal Fever: The British Monarchy in Consumer Culture,” said the royal family are likely to be awaiting the final three episodes with “bated breath” after the first three contained few direct attacks on the institution.
“It’s very provocative and looks like there’s kind of a war being declared,” she said ahead of the release. “But let’s wait and see.”
Harry’s 2018 marriage to the former Meghan Markle, a biracial American actress, was once seen as a public relations coup for the royal family, boosting the monarchy’s effort to move into the 21st century by making it more representative of a multicultural nation. But the fairy tale, punctuated with a horse-drawn carriage ride and massive wedding at Windsor Castle, soon unraveled amid relentless media attention, including allegations that Meghan was self-centered and bullied her staff.
“I wasn’t being thrown to the wolves, I was being fed to the wolves,” Meghan says in one clip included in the trailer.
The series is Harry and Meghan’s latest effort to tell their own story after the couple stepped back from royal life in early 2020 and moved to the wealthy Southern California enclave of Montecito. Their life on an estate overlooking the Pacific Ocean has been partly funded by lucrative contracts with Netflix and Spotify.
The first three episodes featured extensive comments from Harry and Meghan, alongside interviews with friends and allies, as well as experts on race and racism in British society. There were no comments from the newspapers mentioned.
Race became a central issue for the monarchy following Harry and Meghan’s interview with Oprah Winfrey in March 2021. Meghan alleged that before their first child was born, a member of the royal family commented on how dark the baby’s skin might be.
Prince William defended the royal family after the interview, telling reporters, “We’re very much not a racist family.”
Buckingham Palace faced renewed allegations of racism earlier this month when a Black advocate for survivors of domestic abuse said a senior member of the royal household interrogated her about her origins during a reception at the palace. Coverage of the issue filled British media, overshadowing William and his wife Kate’s much-anticipated visit to Boston, which the palace had hoped would highlight their environmental credentials.
The Netflix series is problematic for the palace because Harry and Meghan are appealing to the same younger, more culturally diverse demographic that William and Kate are trying to win over, Maclaran said.
“I think, it has to be worrying for the royal family in terms of their future, because they really need to get this young generation on their side, to an extent, if they’re going to survive,’’ she said. “They will have to make a very big effort to make themselves appear more diverse, and I think we do see that happening a little bit, but not enough.”
LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England.
Dan Kitwood | Getty Images News | Getty Images
LONDON — The Bank of England on Tuesday called for “urgent international action” from regulators on non-bank financial institutions after it was forced to rescue U.K. pension funds in September.
A number of pension funds were hours from collapse when the central bank intervened in the long-dated bond market. It came after a series of massive moves in interest rates on U.K. government debt exposed vulnerabilities in liability-driven investment (LDI) funds, which are held by U.K. pension schemes.
In its latest financial stability report published Tuesday, the Bank said had it not acted, “the stress would have significantly affected households’ and businesses’ ability to access credit.”
The Bank emphasized the need for regulators across jurisdictions to strengthen the resilience of the sector, saying “there is a need for urgent international action to reduce risks in non-bank finance.”
The central bank said it will begin an “exploratory scenario exercise” focused on non-bank financial institutions in order to better understand and mitigate the associated risks.
“The resilience of this sector needs to be improved in a number of ways to make it more robust,” the Bank concluded.
“This includes the need for regulatory action to ensure LDI funds keep their higher levels of resilience. Some steps have already been taken, and further work will be done next year.”
Microsoft
(MSFT) is buying a 4% stake in the London Stock Exchange as part of a deal that will see the market operator spend at least $2.8 billion over 10 years on the software provider’s cloud services.
The companies announced the partnership in a joint statement on Monday, touting the benefits it will deliver to the stock exchange’s customers through improved data and analytics. Shares of the London Stock Exchange Group (LSEG) gained 4% in early trade.
The partnership “creates attractive revenue growth opportunities for both companies,” LSEG CEO David Schwimmer said in the statement.
As part of the deal, the London Stock Exchange’s data platform and other technology infrastructure will migrate into Microsoft’s Azure cloud environment.
The companies also plan to work together to develop new products and services for data and analytics using Microsoft Azure, Microsoft Teams and Microsoft’s artificial intelligence (AI) capabilities.
As a start, the exchange will be able to share its data and analytics with Teams and Microsoft 365, which includes Excel and PowerPoint.
“The partnership will build on the good progress made by LSEG on the integration of Refinitiv and enhance its position as a world-leading financial markets infrastructure and data provider,” the statement said.
LSEG completed its $27 billion acquisition of Refinitiv last year, making it the second largest financial data company after Bloomberg. Its data and analytics business makes up two-thirds of group revenue.
The deal with Microsoft includes a commitment by LSEG to spend at least $2.8 billion on the software provider’s cloud-related products and services over the 10-year term of the partnership. This is consistent with existing long-term spending plans, according to the statement.
Microsoft will buy its LSEG shares from Blackstone and Thomson Reuters
(TRI). The purchase is expected to complete in the first quarter of 2023.
Wasps and Worcester Warriors hoping to conclude sales of clubs and take their spots in the Championship next season; teams were given December 12 deadline but that date is “flexible” says RFU spokesperson with another update expected before Christmas
Last Updated: 12/12/22 2:33pm
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Sky Sports News’ James Cole reports on the latest developments as Wasps and Worcester Warriors look to conclude sales
Sky Sports News’ James Cole reports on the latest developments as Wasps and Worcester Warriors look to conclude sales
The deadline for Wasps and Worcester Warriors to agree sales of the clubs and take their places in the Championship next season is “flexible”, a Rugby Football Union spokesperson has told Sky Sports News, with a further update expected before Christmas.
Wasps and Worcester had initially been given a date of December 12 for deals to be concluded.
Both clubs were relegated from the Premiership in October after entering administration and their appeals to have that decision overturned were rejected.
Now they are targeting competing in the second tier in 2022-23 with the RFU saying they “continue to work collaboratively with the prospective owners as we undertake full due diligence”.
Sky Sports News’ James Cole said: “The RFU will be desperate not to repeat what happened at Worcester where owners [Jason] Whittingham and [Colin] Goldring passed the fit and proper persons test only to then, in the words of Julian Knight MP, run the club into the ground.
“It is not a definitive update from the RFU but it is a positive one and suggests that things are moving in the right direction.
“They say they will have a final decision on whether Worcester and Wasps can compete in the Championship next season before Christmas.”
Washington — Authorities in Scotland and the U.S. said Sunday that the Libyan man suspected of making the bomb that destroyed a passenger plane over Lockerbie, Scotland, in 1988 is now in U.S. custody.
A Justice Department spokesman confirmed the U.S. had taken custody of Abu Agila Mohammad Masud and “he is expected to make his initial appearance in the U.S. District Court for the District of Columbia.”
Scotland’s Crown Office and Procurator Fiscal Service said in a statement: “The families of those killed in the Lockerbie bombing have been told that the suspect Abu Agela Mas’ud Kheir Al-Marimi is in U.S. custody.”
Pan Am flight 103, traveling from London to New York, exploded over Lockerbie on Dec. 21, 1988, killing all 259 people aboard the plane and another 11 on the ground. It remains the deadliest terror attack on British soil.
Kara Weipz, president and spokesperson of the group Victims of Pan Am Flight 103 whose brother was killed in the bombing, said Masud’s arrest was “an amazing feat for the families, and finally justice for our loved ones who were innocent.”
“To have one of the people responsible for the murder of our loved ones stand trial in the U.S. is one of the most important things to the families and to all of us,” Weipz said. “The amount of people involved — we kept it on the forefront of six administrations.”
Police look at the wreckage of the Pan Am airliner that exploded and crashed over Lockerbie, Scotland, on Dec. 22, 1988.
Roy Letkey/AFP/Getty Images
In 2001, Abdelbaset al-Megrahi was convicted of bombing the flight. He was the only person convicted over the attack. He lost one appeal and abandoned another before being freed in 2009 on compassionate grounds because he was terminally ill with cancer. He died in Libya in 2012, still protesting his innocence.
“Scottish prosecutors and police, working with U.K. government and U.S. colleagues, will continue to pursue this investigation, with the sole aim of bringing those who acted along with al-Megrahi to justice,” the Crown Office added.
Masud had previously received a 10-year sentence in Libya for crafting a bomb used in a separate attack. The U.S. announced charges against him in 2020 on the 32nd anniversary of the Lockerbie attack and sought his extradition. The criminal complaint was largely based on a confession Masud made to Libyan authorities in 2012, as well as his travel records, which allegedly tied him to the crime.
“At long last, this man responsible for killing Americans and many others will be subject to justice for his crimes,” William Barr, the attorney general at the time, said at a news conference.
In a statement to CBS News, Barr said that he told the families of the victims “30 years ago that we would do everything possible to bring the perpetrators to justice. During my last weeks in office in 2020, I pushed this hard — it was unfinished business. We announced charges just before I left and started initial contacts with Libyans.”
“It is critical that terrorists know that they will be tracked down and punished no matter how long it takes,” Barr added.
A breakthrough in the investigation came when U.S. officials in 2017 received a copy of an interview that Masud, a longtime explosives expert for Libya’s intelligence service, had given to Libyan law enforcement in 2012 after being taken into custody following the collapse of the regime of the country’s leader, Col. Moammar Gadhafi.
In that interview, U.S. officials said, Masud admitted building the bomb in the Pan Am attack and working with two other conspirators to carry it out. He also said the operation was ordered by Libyan intelligence and that Gadhafi thanked him and other members of the team after the attack, according to an FBI affidavit filed in the case.
While Masud is now the third Libyan intelligence official charged in the U.S. in connection with the Lockerbie bombing, he would be the first to stand trial in an American courtroom.
U.S. officials did not say how Masud came to be taken into U.S. custody, but in late November, local Libyan media reported that Masud had been kidnapped by armed men on Nov. 16 from his residence in Tripoli, the capital. That reporting cited a family statement that accused Tripoli authorities of being silent on the abduction.
In November 2021, Najla Mangoush, the foreign minister for the country’s Tripoli-based government, told the BBC in an interview that “we, as a government, are very open in terms of collaboration in this matter,” when asked whether an extradition was possible.
Torn by civil war since 2011, Libya is divided between rival governments in the east and west, each backed by international patrons and numerous armed militias on the ground. Militia groups have amassed great wealth and power from kidnappings and their involvement in Libya’s lucrative human trafficking trade.
Margaret Brennan, Andy Triay, Robert Legare, Catherine Herridge and Clare Hymes contributed reporting.
The announcement Sunday that a Libyan man suspected in the 1988 bombing of a passenger jet has been taken into U.S. custody put the spotlight back on the notorious terrorist attack and longstanding efforts to pursue those responsible.
The suspect, Abu Agela Mas’ud Kheir Al-Marimi, is accused of building the bomb that destroyed a Pam Am flight over the Scottish town of Lockerbie. The attack killed all 259 people aboard the plane and 11 on the ground. The majority of those killed were Americans.
Thirty-four years later, the public’s memories of the attack have largely faded, despite developments in the case that have intermittently returned it to the headlines. Here’s a look back:
HOW DID THE LOCKERBIE ATTACK HAPPEN?
On Dec. 21, 1988, a bomb planted aboard Pam Am Flight 103 exploded less than half an hour after the jet departed London’s Heathrow airport, bound for New York.
The attack destroyed the jet, which was carrying citizens of 21 countries. Among the victims were 190 Americans. They included 35 students from Syracuse University in upstate New York who were flying home after a semester abroad. To this day, the bombing remains the deadliest terrorist attack ever carried out on British soil.
Investigators soon tied the bombing to Libya, whose government had engaged in long-running hostilities with the U.S. and other Western governments. About two years before the attack, Libya was blamed for the bombing of a Berlin disco that killed three, including two U.S. soldiers, and injured dozens of others.
WHO WAS HELD RESPONSIBLE?
In 1991, the U.S. charged two Libyan intelligence officers with planting the bomb aboard the jet. But the country’s leader, Col. Moammar Gadhafi, refused to turn them over. After long negotiations, Libya agreed in 1999 to surrender them for prosecution by a panel of Scottish judges sitting in the Netherlands.
One of the men, Abdel Baset Ali al-Megrahi, was convicted and given a life sentence. The other, Lamen Khalifa Fhimah, was found not guilty. Scottish officials released Al-Megrahi on humanitarian grounds in 2009 after he was diagnosed with prostate cancer. He died in Libya in 2012.
The families of those killed, meanwhile, brought suit against the Libyan government, demanding they be held accountable. In 2003, Libya agreed to a settlement, formally accepting responsibility for the bombing, renouncing terrorism and paying compensation to the families.
Despite a rapprochement with the U.S. government, the pursuit of others responsible for the bombing largely stalled, until after Ghadafi was ousted from power in 2011.
WHAT LED INVESTIGATORS TO MASUD?
After Ghadafi’s fall, Masud, a longtime explosives expert for the country’s intelligence service, was taken into custody by Libyan law enforcement. In 2017, U.S. officials received a copy of an interview with Masud done by Libyan authorities soon after his arrest.
In that interview, U.S. officials said, Masud admitted to building the bomb used in the Pan Am attack and working with the two men charged earlier to plant it on the plane. He said the operation had been ordered by Libyan intelligence and that Ghadafi had thanked him and others after the attack, according to an FBI affidavit.
In late 2020, the U.S. Justice Department announced charges against Masud. With Masud in Libyan custody, though, his prosecution remained largely theoretical. U.S. and Scottish officials pledged to work for his extradition, so that he could be tried.
It was not clear Sunday how Masud was taken into U.S. custody. He would be the first to appear in an American courtroom for prosecution of the attack.
NEW YORK — It was a delicious challenge that came as a total surprise.
As choreographer Annie-B Parson tells it, she was walking down a Brooklyn street when her phone rang. It was the general manager of the Metropolitan Opera, Peter Gelb, wondering if she’d be interested in choreographing for the Met.
Parson, based in Brooklyn, founder of the Big Dance Theater and also known for choreographing David Byrne’s joyous “American Utopia” on Broadway, had never done an opera and acknowledges she knew little about the art form.
But of course she was interested. It was the Met’s buzzy, commissioned production of “The Hours,” about the interior lives of three women connected — across generations and an ocean — by Virginia Woolf and her writings (one of them Woolf herself). Parson would be the only woman on the creative team.
And so one of her first decisions when she came on board was that all dancers should be female, or female-identifying.
“We auditioned probably 150 people,” she said in an interview, for a dance cast of 13. “And as the only female creative team member in a piece about an extremely radical feminist voice, it was very important to me to bring that feminism to the stage.”
“That’s a personal statement on my part,” she added. “None of the men can do that … Nobody knows what it’s like to be anything unless they’re it, right?”
The opera, by composer Kevin Puts and librettist Greg Pierce, is based on Michael Cunningham’s Pulitzer Prize-winning 1998 novel (later adapted into the film starring Meryl Streep, Julianne Moore and Nicole Kidman, who won an Oscar) about three women connected specifically by Woolf’s 1925 novel “Mrs. Dalloway.”
It stars a powerhouse trio of Renée Fleming as Clarissa Vaughan; Kelli O’Hara as Laura Brown; and Joyce DiDonato, as Woolf herself. Directed by Phelim McDermott, it runs through Dec. 15, including a Dec. 10 matinee simulcast to movie theaters worldwide.
Gelb says he reached out to Parson because he’d been impressed by her work in “American Utopia,” and thought she’d be a great fit with McDermott: “Part of my job as general manager is to be a creative matchmaker.”
He said in an interview that he feels Parson’s contribution has been to amplify and richen the story of “The Hours” for everyone in the vast, 3,800-seat theater, “as far back as the last row of the Family Circle.” (And on a recent evening, it looked like every one of those seats were taken.)
The opera unfolds over one day in three different places and eras. Woolf is attempting to write, and feeling suffocated in a country home outside London in 1923; Brown is an unhappy housewife and mother in 1949 Los Angeles; and Clarissa Vaughn is an editor arranging a party — organizing flowers and food – for her dear, ailing friend Richard, a novelist who has AIDS, in late 20th-century New York.
Parson says she was acutely aware of the challenge of illustrating the interior lives of the women, but did not set out to psychoanalyze them in movement. “I feel like if I had tried to do that, it wouldn’t have worked,” she says. She wanted to get there, but in a different way.
So, in a process she modestly describes as more “mundane,” the choreographer focused on actions, not thoughts.
“I don’t want to describe someone’s unconscious,” she says. “So for Virginia Woolf, I looked at, what does she DO? She writes, she reads. I worked on those actions. What does Clarissa do? She buys flowers. What does Laura do? She bakes. She takes pills.”
Another example: When Clarissa’s ailing friend Richard’s apartment rolls onto the stage, Parson’s dancers are hanging off the platform in what looks like a chilling metaphor for illness. Parson agrees, but says her aim was actually, “there’s this platform and it’s moving, and how can I animate it?”
The choreographer spoke from Lyon, France, where she is now working on her second opera. She said that even though “The Hours” was her first, it wasn’t as difficult as it sounds to adjust her craft.
“I have worked so much with musicians, great musicians,” she says, like Byrne and many others. “So thinking about how a show rolls out and how to choreograph to music so it’s supportive and at the same time has its own life … it didn’t seem that different.”
It was, however a dream to have so much time to rehearse, and to have the opera’s resources behind her. She was thrilled, for example, that when she rehearsed by herself, she had a pianist. “I mean, I’ve never had that experience before,” she said with a laugh. “I’m always listening on my iPhone to music when I’m working on my own. Everything about making dance at the Met is heightened and supported. I can’t tell you how much fun it was.”
An added bonus for Parson, who hadn’t read Woolf since working on a play of hers more than a decade ago, was getting to read her again, especially her diaries and “A Room of One’s Own” — and especially now, in 2022.
“Her writing is so profound,” Parson said. “And the world’s changed a lot in terms of gender and feminism. So she reads really, really well right now. It was really exciting. I actually want to cry right now, I’m so moved by thinking about her.”
One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom.
Mike Kemp | In Pictures | Getty Images
The U.K. government on Friday announced extensive reforms to financial regulation that it says will overhaul EU laws that “choke off growth.”
The package of 30 measures includes a relaxation of the rule that requires banks to separate their retail operations from their investment arms. This measure — first introduced in the wake of the 2008 Financial Crisis — would not apply to retail-focused banks.
The government also confirmed it will review rules around the accountability of top finance executives — another post-2008 regulation. The Senior Managers Regime, introduced in 2016, means individuals at regulated firms can face penalties for poor conduct, workplace culture or decision-making.
Changes announced in the package, dubbed the Edinburgh Reforms, also include a review of rules on short-selling, how companies list on the stock exchange, insurers’ balance sheets and Real Estate Investment Trusts.
Finance Minister Jeremy Hunt said he wanted to ensure the U.K.’s status as “one of the most open, dynamic and competitive financial services hubs in the world.”
“The Edinburgh Reforms seize on our Brexit freedoms to deliver an agile and home-grown regulatory regime that works in the interest of British people and our businesses,” he said in a statement.
“And we will go further – delivering reform of burdensome EU laws that choke off growth in other industries such as digital technology and life sciences.”
The government is billing the reforms as a way to capitalize on freedoms offered by Brexit, stating that hundreds of pages of EU laws governing financial services will be replaced or scrapped.
Many argue that Britain leaving the EU has damaged the country’s financial competitiveness, with Reuters reporting that London lost billions of euros in daily stock and derivatives trading to EU exchanges following its departure from the bloc. Researchers at the London School of Economics said earlier this year that financial services will be among the sectors worst hit by Brexit.
The previously-announced removal of the U.K. cap on bankers’ bonuses was one of the few policies announced by Hunt’s predecessor, Kwasi Kwarteng, that remained after his chaotic “mini budget.”
Kwarteng had promised a “Big Bang 2,” referring to the deregulation of the London Stock Exchange in the 1980s, which attracted a host of global banks and investment firms to the U.K. and rapidly increased the size of the City of London’s financial sector.
Another proposed reform would see regulators’ remit increased to include facilitatingthe competitiveness of the U.K. economy, particularly the financial services sector.
However, John Vickers, former chair of the Independent Commission on Banking, warned in a letter to the Financial Times this week that the “special favouring of the financial services sector … could be detrimental to it, as we all saw 15 years ago.”
Wasps and Worcester went into administration 13 days apart in October, with both clubs subsequently relegated and suspended from the Premiership amid searches for new owners; both clubs made ‘No Fault Insolvency’ applications, which if upheld would have overturned their relegation
Last Updated: 06/12/22 3:44pm
Wasps and Worcester have had their attempts to overturn their automatic relegation from the Premiership rejected by the Rugby Football Union, after the clubs were deemed to be at fault for their financial collapse.
The two clubs went into administration 13 days apart in October, with both subsequently relegated and suspended from English rugby’s top flight amid searches for new owners.
The administrators for both clubs submitted ‘No Fault Insolvency’ applications, citing the Covid-19 pandemic as their primary reason for entering administration, which if upheld would have enabled them to maintain their Premiership status.
However, the RFU’s Club Financial Viability Group found that Wasps submitted “insufficient evidence” to prove there had been no fault by the club, while Worcester’s “business model” was cited as a key reason for the rejection of their application.
Both clubs have a right of appeal to an independent panel, while the RFU reiterated a December 12 deadline for the sale of each team to be completed, in order to allow them to take up places in the Championship for the 2023-24 season.
More to follow…
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A wealthy Russian businessman has been arrested as part of a “major operation” on suspicion of multiple offenses, the United Kingdom’s National Crime Agency said in a statement Saturday.
The 58-year-old man was arrested Thursday at his “multi-million-pound residence in London by officers from the NCA’s Combatting Kleptocracy Cell” on suspicion of committing offenses including money laundering, conspiracy to defraud the Home Office – the UK government department for immigration and passports – and conspiracy to commit perjury, the agency said.
A 35-year-old man, employed at the premises, was also arrested “nearby” on suspicion of money laundering and obstruction of an officer “after he was seen leaving the address with a bag found to contain thousands of pounds in cash,” according to the statement.
A third man, aged 39, who the agency said is the former boyfriend of the businessman’s current partner, was arrested at his home in Pimlico, London, for offenses including money laundering and conspiracy to defraud, according to the statement.
A person close to the investigation has given CNN more detail on two of the men arrested, saying the 39-year-old man was a national of Russia, Israel, and the UK and the 35-year-old man was a Polish national. The source told CNN the bank notes the 35-year-old was carrying have not yet been counted but were suspected to be in the tens of thousands and in British currency.
The three individuals have been interviewed by authorities and have been released on bail, according to the statement.
The Russian Embassy in London has sent a note to British authorities regarding the detention of a Russian citizen, according to a statement from the embassy made available to Russian state news agency RIA Novosti.
“The Russian Embassy in London has asked the British authorities for clarification in connection with the information from the National Crime Agency about the alleged detention of a Russian citizen in London,” reads the note, according to RIA Novosti.
“The NCA’s Combatting Kleptocracy Cell, only established this year, is having significant success investigating potential criminal activity by oligarchs, the professional service providers that support and enable them and those linked to the Russian regime,” said the agency’s director general Graeme Biggar.
“We will continue to use all the powers and tactics available to us to disrupt this threat,” he added.
More than 50 officers were involved in the operation at the businessman’s London property, the statement said. “A number of digital devices and a significant quantity of cash was recovered following extensive searches by NCA investigators,” according to the statement.
So far, the agency says it has secured nearly 100 disruptions “against Putin-linked elites and their enablers” and has taken direct action against “a significant number of elites who impact directly on the UK.”
The agency is also targeting “less conventional routes used to disguise movements of significant wealth, such as high value asset sales via auction houses,” according to the statement.
St. Edward’s Crown, the centerpiece of the Crown Jewels viewed by millions of people every year at the Tower of London, has been moved to an undisclosed location for modification in preparation for the coronation of King Charles III next year
LONDON — St. Edward’s Crown, the centerpiece of the Crown Jewels viewed by millions of people every year at the Tower of London, has been moved to an undisclosed location for modification in preparation for the coronation of King Charles III next year.
The move was kept secret for security reasons until the operation was complete, Buckingham Palace said in a statement Saturday. The palace provided no details and didn’t say where the modification work would take place.
Charles will be crowned on May 6 at Westminster Abbey in a ceremony that will embrace the past but look to the modern world after the 70-year reign of the late Queen Elizabeth II. The Imperial State Crown will also be used during the service.
Versions of St. Edward’s Crown are believed to have been used by monarchs since the 11th century.
The current crown was made for Charles II in 1661, as a replacement for the original, which was melted down in 1649 after the House of Commons abolished the monarchy and declared a commonwealth during the English Civil War. The original was thought to date back to Edward the Confessor, who reigned in 1042-1066.
The crown includes a 2.23-kilogram (4.91-pound) solid gold frame — set with rubies, amethysts, sapphires, garnets, topazes and tourmalines — a purple velvet cap and ermine band. It was worn by Elizabeth during her coronation in 1953.
Charles will be crowned in a solemn religious ceremony conducted by Justin Welby, the archbishop of Canterbury, the palace said in a statement. Camilla, the queen consort, will be crowned alongside her husband.
The palace is planning the coronation, known as Operation Golden Orb, as Charles and his heir, Prince William, seek to demonstrate that the monarchy is still relevant in modern, multi-cultural Britain.
While there was widespread respect for Elizabeth, as demonstrated by the tens of thousands of people who waited hours to file past her coffin, there is no guarantee that reverence will transfer to Charles.
“I feel sad for him [Woodward]. If that is the best thing he has to do in his life, then he hasn’t a lot to do. After this, I want to do something really meaningful. I’ve enjoyed England, it was a bit of a rescue job, now rebuilding. I will leave things in good shape” – Eddie Jones
Last Updated: 01/12/22 7:55pm
England’s Eddie Jones has hit back at Sir Clive Woodward, saying he feels sad for him and quipping: ‘He hasn’t a lot to do’
Eddie Jones has hit back at “sad” critic Sir Clive Woodward and insisted he will leave England “in good shape” when he eventually departs.
Jones is under pressure after he watched his side conclude a dismal Autumn Nations series with a 27-13 loss to South Africa, who were without their European-based players but still inflicted a sixth defeat of 2022 on their hosts at Twickenham.
It completed the nation’s worst year since 2008 and the Rugby Football Union is now conducting a review, which will inevitably decide if Jones continues until next year’s World Cup.
Sir Clive Woodward, England’s World Cup winning coach in 2003, has been one of Jones’ fiercest critics
RFU chief Bill Sweeney admitted “results are not where we expect them to be” and Woodward, the man in charge for England’s solitary World Cup win 19 years ago, was yet again fierce in his criticism of Jones on Sunday.
He labelled rugby in England as a “shambles,” insisting the weekend defeat was “one of the most depressing games I’ve seen at HQ.”
Woodward went further on Monday, stating Jones should be sacked as England head coach if they lose their next Test vs Scotland, after the “worst week in English rugby history.”
“I feel sad for him [Woodward]. If that is the best thing he has to do in his life, then he hasn’t a lot to do,” Jones, who had already agreed to step down after the 2023 World Cup in France, told Men’s Health UK.
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Former England captain Chris Robshaw has backed Jones to remain in charge
Former England captain Chris Robshaw has backed Jones to remain in charge
“I’m 62 now and I think in pure coaching terms I am coaching better than I ever have. Results aren’t always perfect, but I’m happy with how I have been coaching.
“After this, I want to do something really meaningful. I’ve enjoyed England a lot, it was a bit of a rescue job at the start, now rebuilding, and I am confident I will leave things in good shape.”
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Jones told media post-defeat to South Africa he feels his squad is making progress as they head into a World Cup year
Jones told media post-defeat to South Africa he feels his squad is making progress as they head into a World Cup year
England were booed off at Twickenham after defeat to the Springboks, which meant their record for 2022 finished at five wins, one draw and six losses.
Scotland, Ireland, France, Australia, Argentina and South Africa have all beaten the World Cup runners-up during the past 12 months but Jones believes they can still be a force at next year’s tournament.
Jones’ England lost to Argentina and South Africa this autumn and drew with New Zealand, beating only Japan
Currently the fifth favourites to lift the Webb Ellis Cup, England will avoid the frontrunners until the semi-final stage with one of Australia, Wales or Fiji a probable last-eight opponent in France.
Jones added: “If this was the Cheltenham Gold Cup, there’s a pack of four out front – France, Ireland, South Africa, New Zealand – and we are fifth, right behind them, right on the rails.
“A good position, provided we keep improving. Australia are there or thereabouts with us. It’s going to be the closest World Cup ever. France and Ireland are the in-form teams right now, but things will change.”
London’s iconic Printworks is approaching its final season in 2023—and it’s going out with a bang.
Beginning February 4th, 2023, the beloved concert venue’s last season will open with Body Movements, the U.K.’s first queer and trans music festival. Printworks will then welcome Ibiza’s ANTS brand before takeovers by AVA Festival on February 25th, Ed Banger Records on March 3rd and Drumcode on March 17th.
The weekend of Easter will be perhaps one of the biggest weekends for the closing season. London-based promoter The Hydra will host a huge collaboration between fabric, FWD>>, Plastic People, Tresor and That’s How It Is!. The lineups for these shows have not yet been revealed.
“Over the past six years Printworks has hosted the world’s best electronic music talent,” reads an announcement on the club’s Instagram page. “For the Final Season we’ve created a programme that brings together guests and partners who have been with us throughout Printworks’ journey, along with some new parties and breakout brands. Our biggest season to date will be a celebration of the history of Printworks and a farewell to the venue for the last time in its current guise.”
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Last year, the owner of the property submitted a proposal to redevelop the Printworks property and convert it into office space. And despite a vigorous campaign and petition against this redevelopment, the Southwark Council ultimately approved the plan.
Officials recognized the success of Printworks since it opened its doors in 2017. However, they said the club version of the venue, which used to be a newspaper printing facility, was only temporary as the plan to convert it had been in the works for quite some time.
The property’s new development will consist of a “three-part building ranging from five to seven stories, featuring a mix of offices and retail, as part of a larger Canada Water redevelopment ‘master plan,’” according to Resident Advisor.
LONDON (AP) — This is a dress with a story, and Elizabeth Emanuel wants to tell it.
Shocking pink with a plunging, ruffled neckline and body-hugging shape, the gown was designed by Emanuel for Lady Diana Spencer to wear at a Buckingham Palace party a few days before her marriage to Prince Charles in 1981. It was a visual coming-out event for the future princess, until then largely known for her conservative sweater-and-pearls look.
“This was definitely not a wallflower dress,” said Emanuel, who also co-designed Diana’s wedding gown. “This was a dress to be seen in and celebrated.”
It was also soon forgotten. In an era before smartphones put a camera in everyone’s pocket and social media made private events public, the dress was mostly seen by the party guests, including Queen Elizabeth II, Princess Grace and Nancy Reagan, but no one else. Emanuel doesn’t know where it is, or even if it still exists.
So she has re-created it, out of bolts of shiny, satin taffeta cut and stitched to match the dramatic sketches she made more than 40 years ago.
Acting on an idea that took shape during Britain’s long coronavirus lockdowns, she did it for herself, for her archive. But also because she wanted to show another side of Diana, who Emanuel believes has been misrepresented by “The Crown,” the popular Netflix series that has brought the story of the princess and her ill-fated marriage to a new generation.
A fan of the series’ first three seasons, Emanuel said she found it hard to watch the last two because of the way Diana was depicted.
Creating a bespoke dress is a long process, requiring multiple fittings that give client and dressmaker lots of time to talk. And throughout the hours they spent together, Diana came across as a happy, vibrant young woman, not the shrinking girl “The Crown” portrays as being buffeted by events beyond her control, Emanuel said.
“She wasn’t like that,” Emanuel said. “She was always very upbeat. And, you know, I like to feel that we were close enough that if she was having huge issues that we might have been aware of it at the time, because those fittings are fairly intimate.”
One of the things the series does right is retrace Diana’s style journey, from the cardigans and bows she wore when she first stepped into the public eye, to frothy ballgowns with frills and flounces and finally to her becoming a global fashion icon in Versace, Dior and Chanel.
Diana grew up in the country, looking to her older sisters for fashion cues. This was a world of hunting, shooting and fishing, where Barbour coats and Wellington boots were everyday wear. It was a culture where no matter how much you cared about your appearance, you had to seem like you weren’t trying too hard.
Diana brought that style sense with her when she moved to London after leaving school and soon became the archetype of the Sloane Ranger, the media name for the wealthy young people who lived near London’s Sloane Square and cultivated the look of bohemian aristocrats.
She was, as former BBC royal reporter Michael Cole put it, “this Sloane Ranger with her sort of pie crust collars and Fair Isle sweaters and rather voluminous skirts. She was a product of the English countryside.”
But after her engagement to the future King Charles III, she began to grow into the glamour of being a princess.
“It actually was a bit of an effort for her to adapt to that role,” Cole said. “She did appreciate and came to understand the power of clothes, the power of image. It helped very much that she had good taste, and I think she had some good advisers.”
In other words, she evolved and learned how to use clothes to project a message.
And perhaps the journey began with the hot pink party gown.
After losing weight, Diana asked Emanuel, her former husband David, and their team to create a dress that would show off her new supermodel figure and transform her image for the celebrities and world leaders invited to the palace.
“She wanted something really spectacular and eye-catching to wear for that because the whole world was going to be there at that party,” Emanuel said at her London studio.
“I think there was a message being sent with this dress, really. That she’d been previously known as Shy Di, but in this dress she definitely was no longer a Shy Di.”
But for Emanuel, the project is about more than simply setting the record straight. It’s about one friend remembering another and the helping hand the princess gave to her career.
There is something touching about the way she looks at this copy and adjusts it on a mannequin roughly as tall as Diana, plainly remembering her famous client.
She re-created a dress that belonged to the Diana she knew, who broke the mold, who was brave, who was ready to walk out on stage. And as she worked, Diana was in her head the whole time.
“As I’m looking at it, I’m imagining her face,” Emanuel said. “The last time that we saw her in the dress was actually at that party and looking so radiant and fantastic. And then all these years later, you know, to re-create it again, it’s kind of strange.″
But that won’t stop her from continuing to explore her memories. She embraced the process of making the dress, of holding a memory in her hand.
Emanuel now has plans to re-create the alternative wedding dress she made for Diana — a spare created in case the tabloids somehow managed to get a photo of the primary dress before the big day. But the dress never leaked, and the spare disappeared from public view.
“I want to see if I can do it right and to delve into all of those memories,” she said. “I will have them. They’ll be there. They won’t just be figments of imagination or floating around digitally. They’ll be real things that I can remember.″
England finished their autumn series by losing 27-13 to 14-man South Africa; Eddie Jones said he ‘doesn’t care what people think’ after his side posted a seventh Test without victory this calendar year
Last Updated: 27/11/22 10:55pm
Eddie Jones has been told that England’s performance this autumn has fallen below expectations
Eddie Jones has been told that England’s performance this autumn has fallen below expectations as the head coach accepts he faces an “uncomfortable” review.
Over the next fortnight the Rugby Football Union is to investigate a dismal campaign that reached its nadir with Saturday’s conclusive 27-13 defeat by South Africa, who claimed a first win at Twickenham since 2014.
A rout that was greeted with boos at the final whistle completed England’s worst year since 2008, comprising of six losses, five wins and a draw.
It places Jones’ future back in doubt with the review panel to examine “how improvements can be made ahead of the Six Nations” amid an acknowledgement from the RFU that the team have underperformed.
“We would like to thank England fans for their patience and support, it matters to us how they feel,” chief executive Bill Sweeney said.
Eddie Jones and England have completed their worst year since 2008
“Like them we are really disappointed with the results of the Autumn Nations Series.
“Despite strong individual performances and some great new talent coming into the team, the overall results are not where we expect them to be.”
On top of explaining why England barely fired a shot against the Springboks, Jones must also account for a first defeat by Argentina since 2008 and a 25-25 draw with New Zealand that was made possible by a dramatic late comeback.
The only success this month was against a disappointing Japan, who were put to the sword 52-13.
England’s Autumn Internationals
Sunday, November 6
England 29-30 Argentina
2.15pm
Saturday, November 12
England 52-13 Japan
3.15pm
Saturday, November 19
England 25-25 New Zealand
5.30pm
Saturday, November 26
England 13-27 South Africa
5.30pm
“The reviews are always uncomfortable when you’re not winning. I haven’t found the review comfortable when you’re not winning,” Jones said.
“I’m sure the fans have doubts and feel that I don’t know how to coach, but it’s a progression to the World Cup and we have our ups and downs.
“We want to be stronger in the Six Nations and put ourselves in the position where we’re fourth or fifth going into the World Cup, ready to go.
“I’ve got a plan for how England can win the World Cup, but it doesn’t go in a perfect line.
“Sometimes you need these games to make you understand the areas which need to be bolstered.
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England captain Owen Farrell says the squad are hurting after defeat to South Africa at Twickenham but says the players will put the good work they have done to use as they prepare for the Six Nations in February.
England captain Owen Farrell says the squad are hurting after defeat to South Africa at Twickenham but says the players will put the good work they have done to use as they prepare for the Six Nations in February.
“We’re not off track. You have days like against South Africa. I’ve had worse days than that.
“We felt really confident going into the game. We knew where South Africa were coming, but on the day we weren’t good enough to win those areas.”
Jones blamed the Springboks defeat on his side’s scrummaging issues, adding that he has “grave concerns about how the scrum was refereed”, without expanding on what those were.
England’s defeat was greeted with boos at the final whistle
Since 2019 the RFU has conducted a review after every block of fixtures but declined to reveal who sits on the panel beyond that it includes “board and executive members along with independent, former players and coaches”.
However, in a departure from the unequivocal backing offered to Jones when the 2022 Six Nations ended in three defeats for the third time in five years, there was no mention of support for England’s head coach this time.
While he faces renewed scrutiny, Jones has been well backed by Sweeney in the past and is not expected to be sacked.
His eight-year reign ends after the 2023 World Cup with the RFU hoping to name his successor in May having reportedly drawn up a three-strong shortlist consisting of Steve Borthwick, Ronan O’Gara and Scott Robertson.
Sir Clive Woodward has led the criticism following the crushing defeat by South Africa, declaring that the result completed the “worst week in English rugby history” and that the game in this country is a “total shambles”.
Sale reel in league leaders Saracens with narrow victory over Bristol, helped by Jean-Luc de Preez’s second-half try and brother Rob’s conversion and earlier penalty; visitors held lead at half-time and started second half well
Last Updated: 26/11/22 6:48pm
Rob du Preez (pictured middle) scored one of Sale’s three tries against Bristol Bears
Sale Sharks’ fine start to the Gallagher Premiership season continued with a resilient 25-20 victory over Bristol Bears at the AJ Bell Stadium.
A competitive first half saw momentum swing both ways, though Bristol rallied to hold a two-point advantage at the interval, largely thanks to Piers O’Conor’s two converted tries.
Yet Jean-Luc du Preez’s second-half try, coupled with his brother Rob’s conversion and earlier penalty, powered the hosts to a seventh win of the season.
Bristol got off to a lively start with their first attack from the opening kick, but failed to capitalise on O’Conor’s driving run, yet they remained largely under the cosh for the opening stages of the game as Sale drove to apply pressure inside the Bears’ 22.
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Tom Roebuck had a try disallowed in the seventh minute but after three Sale mauls, the hosts broke the deadlock nine minutes in as Rob du Preez skipped in for the opening try.
However, on Bears’ second attack, O’Conor found space on the right wing and broke free to bring the scores level, thanks to Callum Sheedy providing the extras.
Sale were quick to respond in the 23rd minute when Roebuck followed a Rob du Preez kick and touched down after snatching the ball in the air from Charles Piutau. Rob du Preez made no mistake with the conversion.
Rob du Preez then edged his side further ahead with a penalty as momentum swung Sale’s way, but after some sloppy play, Bristol’s Luke Morahan broke to the try-line and, despite being tackled, the ball was sprayed to O’Conor who had an easy run-in for his second.
And Bristol went into half-time with a two-point advantage after AJ MacGinty sent over a penalty in the closing seconds.
Bristol emerged from the break asking questions of Sale inside their 22 and won a penalty after an advantage was played, with former Shark MacGinty kicking between the posts again in the 47th minute.
But Sale responded with a penalty of their own two minutes later as Rob du Preez opted for and sent a long-range effort soaring over.
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It remained tense as Bristol looked to extend their lead with an attacking vigour that boxed Sharks into their own half, but as the final quarter approached, it was Sharks’ turn to charge at Bristol’s defensive line.
In the 68th minute, a Sale maul drove over the line where the TMO eventually awarded Jean-Luc du Preez a try to swing the scores in Sharks’ favour.
Alex Sanderson’s side refused to let Bristol through in the 75th minute as their stubborn defensive guard pushed the visitors into touch in the in-goal area.
Sharks’ hard-fought win reels in league leaders Saracens while the 10th-placed Bears fell to their sixth loss on the bounce – their worst run of form in the Premiership since 2017.