Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

UK transport minister quits in new blow to PM Starmer
Person with red hair and blue coat speaking

Published : , on

By Andrew MacAskill

LONDON (Reuters) -Britain’s transport minister Louise Haigh has resigned after pleading guilty years ago to an offence in connection with misleading police over a work mobile phone, in another blow to Prime Minister Keir Starmer.

Her resignation, the first from Starmer’s top team of ministers since winning a landslide election victory in July, came after media reports that she had been convicted and given a conditional discharge in 2014 for what she described as a “mistake”.

Haigh said in a letter to Starmer dated Thursday, Nov. 28, that she had told police she had lost a mobile phone during a “terrifying” mugging on a night out in 2013, only to discover later that the phone was still at her home.

In her resignation letter shared by Starmer’s office early on Friday, Haigh said she was standing down as the issue “will inevitably be a distraction from delivering on the work of this government and the policies to which we are committed.

“I remain totally committed to our political project, but I now believe it will be best served by my supporting you from outside government,” she said.

Starmer thanked Haigh for her work and for all she had done “to deliver this government’s ambitious transport agenda”.

The opposition Conservative Party said Haigh had “done the right thing” but asked why Starmer had appointed her when he was apparently aware of her fraud conviction.

“The onus is now on Keir Starmer to explain this obvious failure of judgment to the British public,” a spokesperson for the Conservative Party said in a statement.

Haigh’s resignation is yet another blow to the Labour leader, who has seen his party’s approval ratings plunge since July.

Almost immediately after winning power, the Labour government came under fire for limiting fuel payments to the elderly and for taking donations for clothing and hospitality.

Since then, his government has angered farmers over changes to inheritance tax rules, and many businesses have cried foul over Labour’s first budget in which the finance minister raised taxes mainly on firms and the wealthy.

Haigh, who was first elected in 2015 and has held senior posts under both Starmer and left-wing former Labour leader Jeremy Corbyn, said the incident with the phone was a “genuine mistake” from which she “did not make any gain”.

(Reporting by William Schomberg, Andrew MacAskill and Elizabeth Piper in London and Nilutpal Timsina in Bengaluru; Editing by Kate Holton and Ros Russell)

 

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post