Government ‘prepared for all scenarios’ says minister as Trump tariffs loom Transport and infrastructure The Government “has prepared for all scenarios”, a Cabinet minister has said, as questions about President-elect Donald Trump’s tariffs loom large ahead of the inauguration on Monday. Chief Secretary to the Treasury Darren Jones said “we need to see what the Trump administration do” but also that Mr Trump is “well known for wanting to [...]
The UK is at risk of missing out on the crypto revolution Opinion Crypto is not a curiosity or a fad, it’s set to transform financial services – and as with any true innovation we must be prepared to experiment and sometimes fail, says Lord Ranger The soaring office towers of Canary Wharf stand as testimony to Britain’s golden era of smart regulation and financial ingenuity, cementing London’s [...]
Millionaires leave Britain in record numbers since Labour took power Politics Millionaires have left Britain in record numbers since the new Labour government took power amid a crackdown on non-dom residents and sweeping tax hikes. The Treasury is facing fresh calls to reverse plans to abolish the non-dom tax status in April and replace it with a residence-based regime that also ropes in non-doms’ overseas assets [...]
Local elections will be ‘quite difficult’ for Tories, says Badenoch January 18, 2025 The Conservative leader has predicted that this year’s vote will be “very bad” for the Tories compared to votes four years ago.
IMF upgrades UK growth outlook after sluggish year January 17, 2025 UK economic growth is set to accelerate this year after it missed forecasts in 2024, the International Monetary Fund (IMF) has said. The global economic body slightly upgraded its growth projection for the UK in a fresh update of its influential World Economic Outlook report. The IMF said UK gross domestic product (GDP) is on [...]
FCA looks to ease consumer duty burden as Reeves pushes regulators for growth January 17, 2025 The Financial Conduct Authority (FCA) will look to ease the burden of complying with its stringent consumer duty rules as part of a push to cut red tape in the City and unlock growth. In a letter to the Chancellor Rachel Reeves this week, FCA boss Nikhil Rathi said the regulator would drop a requirement [...]
‘Here for the long haul’: Reeves defends her position after market turmoil January 17, 2025 Rachel Reeves has insisted she is “here for the long haul” as she defended her position as Chancellor in the wake of bond market turmoil and rising government borrowing costs. The UK’s Chancellor has faced criticism for embarking on a trip to China last weekend while government borrowing costs surged and the value of the [...]
Writing off net zero? Kemi Badenoch mustn’t fall into Reform’s trap January 17, 2025 Kemi Badenoch is right to question the path to net zero, but pandering to Reform and writing it off will get us nowhere, writes Sam Hall.
The Week in Business, with Christian May: anyone got any growth ideas? January 17, 2025 This week, City AM Editor Christian May looks at the government's search for growth and asks whether the UK's army of regulators are best placed to help.
Badenoch refuses Reform merger as she says UK ‘getting poorer’ January 16, 2025 Kemi Badenoch has said Britain is “getting poorer” and “living off the inheritance” of past generations, as she refused any suggestion of a merger between the Tories and Reform UK. The Conservative leader made her first speech of 2025 in central London on Thursday. She focused on the past mistakes of her party in what [...]