The Metropolitan Police has said more than 100 fines have now been issued over breaches of coronavirus regulations in Whitehall and Downing Street. PA
The Metropolitan Police has said more than 100 fines have now been issued over breaches of coronavirus regulations in Whitehall and Downing Street. PA
The Metropolitan Police has said more than 100 fines have now been issued over breaches of coronavirus regulations in Whitehall and Downing Street. PA
The Metropolitan Police has said more than 100 fines have now been issued over breaches of coronavirus regulations in Whitehall and Downing Street. PA

Fifty new fines issued over Downing Street lockdown breaches


Paul Carey
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About 50 more fines have been issued by police investigating possible lockdown-breaking parties in Downing Street and across Whitehall.

It brings the number of fines to more than 100 in the saga known as 'Partygate'.

Those fined include Boris Johnson, his wife Carrie and Chancellor Rishi Sunak who were hit with fixed penalty notices in April over a birthday party held for the prime minister in the Cabinet Room in No 10 Downing Street in June 2020.

It is understood that Mr Johnson has not received another fine, but the police investigation continues.

In a statement on Thursday, the Metropolitan Police said: “As of Thursday May 12, Operation Hillman, the investigation into breaches of Covid-19 regulations in Whitehall and Downing Street, has made more than 100 referrals for fixed penalty notices (FPNs) to the ACRO Criminal Records Office.

“These referrals have continued to be made throughout the period since our last update on Tuesday April 12 and the investigation remains live.”

In its last update on April 12, the Met said “over 50” FPN referrals had been made.

Mr Johnson previously said it “did not occur” to him the gathering to mark his 56th birthday was a violation of coronavirus rules, but that he “now humbly accepts” he did breach Covid-19 laws.

On Monday, opposition leader Sir Keir Starmer said he will do the “right thing” and step down if he is fined by police for breaking Covid-19 rules at Labour Party offices in Durham last year.

Speaking at party headquarters in London, the Labour leader said that he did not believe that the rules had been broken.

“I believe in honour, integrity and the principle that those who make the rules must follow them,” he said.

“And I believe those who undermine that principle undermine trust in politics, undermine democracy and undermine Britain.

“I simply had something to eat while working late in the evening, as any politician would do days before an election.”

The Labour leader also attacked his critics for seeking to “to feed cynicism to get the public to believe all politicians are the same”.

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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Updated: May 12, 2022, 10:16 AM