Rishi Sunak was appointed chancellor during the 2020 reshuffle, following the resignation of Sajid
Javid. Within weeks, he faced the challenge of steering the UK economy through the coronavirus pandemic and national lockdown.
Under his guidance, the government has had to spend many billions of pounds to fight coronavirus and protect the economy.
a rising star, and often touted as a future prime minister,
he was previously a successful businessman, co-founding a large investment firm.
Mr Sunak is married to Akshata Murthy, daughter of an Indian billionaire. The couple lived in California for a number of years before coming back to the UK.
On the 18 October 2021, UK Chancellor Rishi Sunak published a roadmap setting out the Treasury's new
Sustainability Disclosure Requirements (SDR). The requirements, which will affect asset managers, investment products and listed corporates, require firms to disclose the environmental impact of any activities they finance and "clearly justify any suitability claims [they] make".
Some key points in the report, entitled Greening Finance: A Roadmap to Sustainable Investing, include reporting environmental impact using the UK Green Taxonomy, timescales on SDR disclosures and the potential for ESG ratings agencies to come into the scope of Financial Conduct Authority (FCA) authorisation and regulation.
Although the UK Taxonomy has not yet been produced, the document says it ‘draws on the EU approach, which the UK helped design' and the six environmental objectives are exactly the same as the EU Taxonomy, down to applying the climate change mitigation and climate change adaptation before the other four, having technical screening criteria for each
economic activity, and requiring any activity to both contribute to at least one objective and also to do no significant harm to any others.
important guidance for investors, should yield positive results
in preventing greenwashing that is borderline deception.
is important that investors can rely on what they are being
sold, or are buying into.
done Rishi : )
SOCIAL, GOVERNANCE (ESG)
Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities.
ESG metrics are not commonly part of mandatory financial reporting, though companies are increasingly making disclosures in their annual report or in a standalone sustainability report. Numerous institutions, such as the Sustainability Accounting Standards Board (SASB), the Global Reporting Initiative (GRI), and the Task Force on Climate-related Financial Disclosures (TCFD) are working to form standards and define materiality to facilitate incorporation of these factors into the investment process.
As ESG investing accelerates in demand, several key trends are emerging – from climate change to social unrest. The
pandemic, in particular, has intensified discussions about the interconnectedness of sustainability and the financial system.
Prime Minister Boris Johnson carried out a reshuffle of his
24 cabinet members on Wednesday (15 September 2021), removing several key ministers.
in the other posts? Below is a guide to the people that make up Mr
Johnson's cabinet, with the latest new faces. The burning question is, will it
make any difference to Britain's performance on the world climate stage. Or
will they be feathering their nests and fiddling on their violins, while the
planet burns? Following the abysmal result from COP26, all that can be said
is, the cabinet need to scratch their heads a little more, stop taking
second jobs - that deprives their constituents of MP time, or time that
should be spent thinking on COP27 (set for Egypt) and saving lives. And of
course, developing a sustainable
Accordingly, the countries assume commitments to build up efforts for reduction of
energy consumption based on unabated coal and abandonment of inefficient fossil fuel subsidies.
Nearly 200 countries have made an unprecedented and historic pledge to speed up the end of fossil fuel subsidies and coal at the COP26 climate summit, where India pushed through an 11th hour intervention to weaken the language on coal.
So nailing their colours to the mast.
Crucially, despite almost a fortnight’s negotiations that ran more than 24 hours late, the 196 countries meeting in Glasgow committed to issuing stronger 2030 climate plans next year in a bid to avert dangerous
that thumb their noses at climate change, such as to increase
harmful pollution, might have to face criminal prosecution via
the International Criminal Court, and the tenets of the Rome
Statute of 1998. Whereby it is a criminal offence to cause hurt
to another human, from your actions or failure to act to prevent
Pledges at COP26 are expected to see Earth warm 2.4°C this century, better than the predicted 2.7°C predicted before the summit but still a rise that would bring extreme climate impacts and see countries overshoot their shared goals of 1.5°C and “well below” 2°C.
The promise to “revisit and strengthen” new plans by the end of 2022 means the UK government hosting the summit can credibly claim to have delivered its aim of “keeping alive” the 1.5°C target. “It is a big moment,” says Chris Stark of the
Climate Change Committee, an
independent group that advises the UK government.
Fresh plans submitted next year for curbing emissions in 2030 must be aligned with the 1.5°C goal, an important new requirement that means those governments who fall short will have to justify why to their citizens. Australia,
Indonesia are among many countries whose existing plans are inadequate and will need to be strengthened.
Until today, coal and fossil fuel subsidies have never been explicitly mentioned in 26 years of treaties and decisions at UN climate talks, despite coal being one of the key drivers of global warming and $5.9 trillion of subsidies being given annually to coal,
oil and gas.
The language in COP26’s final decision text, now known as the Glasgow Climate
Pact, sees countries agree to “accelerating efforts” on the phase-out of “inefficient” subsidies. In a dramatic last-minute intervention, minutes before the outcome was adopted, India proposed a watered-down version of the language on coal, changing “phasing down” of
coal rather than “phasing out.”
DIRTIEST DOZEN G20 - COAL, GAS & OIL GUZZLERS - COP OUTS.
von der Leyen
Mohammed bin Salman
abusers will say they had no choice. They needed to keep
burning coal, gas
and oil for their economies - just like the camp guards at the
many concentration camps in WWII, they were forced into business as
usual. In the case of the camp guards, they argued they were
just following orders. But that is not true. We all have
choices. There are clean alternatives, such as solar
power. There is no need to keep building coal
generating stations, and no need to drive carcinogenic petrol
or diesel vehicles that contribute
to between 7-8 million deaths a year from lung
cancer. We have hydrogenfuel
you are going to increase electricity capacity, it makes sense
to invest in renewable
energy, unless it is that the fossil
fuel giants are lubricating the works with party
If that is the case, we say that such contributions should be
transparently declared, that the public is informed as to what
is guiding policy decisions.
ZELO STREET BLOGSPOT
SLEAZE 14 NOVEMBER 2021 - A TORY DOESN'T SPEAK
Susan Hall is a Tory member of the London Assembly. She is loyal and highly partisan. Her Twitter feed features a photo of her with London’s formerly very occasional Mayor, and now our alleged Prime Minister, Alexander Boris de Pfeffel Johnson. She has been slagging off both
Keir Starmer and Angela Rayner this morning, as well as the obligatory Remembrance Day stuff and a Retweet of the increasingly alt-right Spectator magazine.
But - something that you will see many Tories doing, but not many in the
Labour Party - she is saying nothing about the S-Word. Nothing about Sleaze. And of course her observations on Remembrance Day do not mention that Bozo only looked less shambolic than usual at the Cenotaph because he had been persuaded to wear an overcoat, which covered his increasingly unkempt and unhealthy frame.
She praises London’s black cab drivers, managing to miss that it was Bozo who let Uber into the capital. She Retweets Chesham and Amersham Tories, seemingly unaware that her party lost the constituency in a recent by-election. She Retweets Tom Harwood, formerly teaboy to the perpetually thirsty Paul Staines at the Guido Fawkes blog, now at off-the-scale wacko GB News. But no admission that the Tories are in trouble.
This is not an isolated occurrence. The Blue Team is well versed with doing its dirty washing behind the scenes, keeping the public in the dark. The member for times long past
Jacob Rees Mogg may have been plastered across the pages of the Mail on Sunday today over the £6 million of cheap loans he managed not to declare, but obedient, loyal and fervent Tories aren’t going there. And then we get to Grant “Spiv” Shapps.
The minister also known as Michael Green (or Sebastian Fox, if you prefer) appears to have been lobbying against the Government of which he is a member, which really does put him in one of those Very Difficult Positions. Shapps, it seems, isn’t at all keen on cutting back on his passion for flying. Not a good look during COP26.
Ultimately we get to the latest revelations about Bozo, featuring the return of Jennifer Arcuri, who, so it is rumoured, said of her physical relationship with the then Mayor that it was, shall we say, a less than earth moving experience. But he had power, and the ability to move a significant amount of the folding stuff in her general direction.
But devoted Tory Party Bozo fans won’t be dwelling on him allegedly telling Ms Arcuri
“How can I be the thrust - the throttle - your mere footstep as you make your career? Tell me: how I can help you?” and certainly not “I can barely control myself whenever I see you. You make me too excited. Baby I couldn’t wait. All year I have been waiting for you. All year. You drove me nuts. I have thought about no woman as I have thought of you”.
Which is quite the compliment, considering the number of other women that our alleged Prime Minister has seduced, or attempted to seduce, over the years. Or perhaps he uses the same chat-up line on them all. Whatever: good Tory activists, Councillors, AMs and yes, MPs, will continue to keep schtum, while the Labour Party, often very publicly, will continue with left and centre beating up on each other in no style at all.
You might have thought Susan Hall had nothing to teach the left. You thought wrong.
Now that Owen Paterson is no longer a MP will he still be employed by Randox? Or will they quietly get rid of him in a few months when the "sleaze" row has blown over?
14 NOVEMBER 2021 AT 19:05
23 JULY 2019 - BOZO THE CLOWN, A POINTLESS POLITICIAN
After going through the motions of a contest, the Tory leadership election - open only to a small and select electorate of party members - has come to a close, and as expected, Jeremy Hunt (the former Culture Secretary) has put up a valiant fight, but has been beaten by London’s formerly very occasional Mayor Alexander Boris de Pfeffel Johnson, for whom the line between truth and fiction is merely another of life’s minor inconveniences.
With the question of Britain’s departure from the European Union still unresolved, Bozza’s inability to apply himself to the real world matters, and matters as never before. He cannot just lie his way out of a tight spot, as he did so often when Mayor of London. Nor can he respond to his more persuasive friends by throwing a few tens of millions of taxpayers’ cash at them, as he did with Jo Lumley and the Garden Bridge.
There can be no grand and stylish gesture, as there was with the
New Bus For
London, which is most definitely not a Routemaster. This white elephant cost more than comparable vehicles, it was too heavy to carry its maximum design load, the objective of combating fare evasion was not met, and the inadequacy of the
buses’ air cooling system did not endear them to passengers. It was a colossal waste of money.
There were other colossal wastes of money: the Arcelor Mittal Orbit, the water cannon, the lamentably poor deal which gave West Ham United the use of the London Stadium as their new ground, the Thames Cable Car which now has no regular users, the study for a Thames estuary airport that was never going to be, all are symptomatic of a politician easily distracted by the bright and shiny, the grand gesture.
Sadly for Bozza, Britain does not need distraction right now. Sterling is on its way down the pan, Brexit is driving jobs out of the country even before the event, economic uncertainty means investment decisions are being put off, and even he must know that the reality of all his bluster about what he can get the EU to agree will turn to dust as soon as he sets foot in Brussels. He’ll get no change out of Combover Crybaby
So the question has to be asked, as Bozza is declared the winner of the Tory leadership election by a margin of two to one, is this: what is the point of his being there? What is he going to achieve that Theresa May could not? He can’t sort Brexit by splashing out on a new bridge or a new bus. He can’t unite his party by brandishing a brick, or a kipper, in front of Conference. He can’t unite the country by lying through his teeth.
Bozo The Clown - and that moniker is too flattering by half - has the backing of around 0.2% of the electorate - the Tories who voted for him. Even if MPs, pundits, and the wider public are prepared to overlook the serial lying, the serial philandering, the inability to apply himself to inconvenient things like work, the serial ineptitude - see under Nazanin Zaghari-Ratcliffe - and the obscene selfishness, the sad fact is that he is not up to the job.
July 23, 2019 is a date that, for the UK, will go down in infamy, a date when the party of Government put a clown in Downing Street, someone who has no more political gravitas than the late Ken Dodd. What a day, missus! What a day!
But look on the bright side. After Bozo fouls up the country, the only way is up.
It doesn't really matter which of them "won". They're tories, which means they differ only slightly in the intensity of their hypocrisy, lies and "presentation".
Meanwhile, how prescient was Ken Bigley's brother when he advised Johnson to his face to "Get out of public life." Those with reliable memories will recall this was shortly before Bozo was run out of Liverpool while clutching his arse.
23 JULY 2019 AT 13:39
According to sources of Popbitch, the zip wire stunt that left Bozza stranded was preplanned and not the fault of the operators. Who told Popbitch that if that happened to genuine customers they would have lost the
their licence to operate from the local authority.
23 JULY 2019 AT 18:22
Nemo Erewhon said...
Anon at 12:57 says "Send in the clowns!"
They started before you and re-appointed Roger Scrotum.
Then, Dom 'contempt of Parliament' Cummings becomes an aide.
Soon, Scaramouche dePiffle will do the Fandango whilst Britain burns.
Note: BAME (Black, Asian and Minority Ethnic) is a term widely used in the UK to describe people of non-white descent, as defined by the Institute of Race Relations.
The make-up of the cabinet has also changed with all the comings and
goings. There are two more women then there had been before the reshuffle, but the proportion has stayed about the same because the overall number of people attending cabinet has also increased slightly.
As for the education of those now in cabinet, about 63% of them went to private schools, down slightly when compared to Mr Johnson's previous reshuffle last year - but still a stark contrast to his
predecessor's. Just 30% of Theresa May's first cabinet in 2016 attended independent schools, which was fewer than both Tony Blair and Gordon Brown's original cabinets.
According to the Sutton Trust social mobility charity, every prime minister since 1937 who attended university was educated at Oxford - except for Mr
Brown. At 43%, Mr Johnson's new cabinet has slightly fewer members who were educated at Oxford or Cambridge compared to his last reshuffle - but it's still more than double what is was in Tony Blair's first cabinet in 1997.
is no fault of Bozo, that Australia, China, India, Russia and
USA have refused to cease using coal in the near future (2030-
2040), but they did sign the Glasgow
Those countries with
fool policies are too
entrenched in carcinogenic fuels to save around two hundred and
forty 240,000,000 million lives from 2030 to 2050. This figure
is based on current death statistics from lung cancer and
related respiratory diseases, that are likely to rise as earth's
temperature increases. This does not include projected deaths
from heat stroke, starvation, thirst and displacement.