The Capitalist: WFH rows, Zuck’s new watch and the City’s Tesco habits revealed
WFH causes a ruckus, Zuckerberg’s eye-catching watch and the nation’s favourite meal deal: catch up on the latest City gossip in this week’s edition of The Capitalist
TULIP MANIA
The City Minister, Tulip Siddiq, is under pressure at home and abroad. While she’s referred herself to the standards commissioner regarding various property and living arrangements seemingly linked to the former government of Bangladesh, anti-corruption authorities in that country have widened their probe into their ex-PM (and Siddiq’s aunt) amid allegations of embezzlement. Siddiq insists she’s done nothing wrong, and she retains the support of the PM who earlier this week insisted he has full confidence in her. However, when given the opportunity to reiterate his support at PMQs yesterday, there was a slight softening (or hardening) of his language, with Starmer saying instead that while “the City minister has acted appropriately”, he wasn’t prepared “to give a running commentary”.
There are grumblings in the Square Mile that the situation is becoming a distraction from the minister’s important work which includes (checks notes) rooting out financial corruption. Now we just have to wait and see who reports first: the UK’s ministerial standards watchdog or the Bangladeshi sleaze squad.
WFH WTF
City AM revealed this week that staff at ad giant WPP have been ordered back to the office for four days a week with, shock horror, at least two Fridays a month. The........
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