Tories: Labour desperate to use bookies tax to bail out Rachel Reeves June 17, 2025 Shadow sport and gambling minister Louie French has ripped into the Government over its plans for gambling taxes so soon after a sector white paper, describing them as a threat to bookies and horseracing. The Conservative MP for Old Bexley and Sidcup said Labour were “desperate” to find “easy tax rises to bail out Rachel [...]
Losses continue at maker of BBC Question Time as jobs shed June 17, 2025 Losses have continued at the production company behind the likes of Amazon’s UK Premier League coverage and Question Time for the BBC after its turnover was slashed by £70m over two years. Tinopolis Group has reported a pre-tax loss of £21.1m for the 12 months to 30 September, 2024, having also posted a loss of [...]
Secure Trust Bank taps Labour donor tied to cronyism scandal as new boss June 17, 2025 An ex-Treasury director who was at the heart of Labour’s “cronyism” scandal has been tapped to take the helm at specialist lender Secure Trust Bank. Ian Corfield, who also spent nearly a decade as chief commercial officer of New Day, will replace retiring chief executive David McReadie. Corfield stepped down from his civil servant role [...]
Rachel Reeves mulls inheritance tax U-turn as non-doms flee June 17, 2025 Rachel Reeves is reportedly mulling over changes to inheritance tax (IHT) on non-doms for assets held around the world, as pressure has ramped up from the City. That’s according to a report in the Financial Times, with “tweaks” to current rules to stem the UK’s haemorrhaging of non-doms. This potential U-turn follows pressure on the [...]
UK aerospace sector to avoid tariffs as Trump-Starmer trade deal clinched June 17, 2025 Prime Minister Keir Starmer and President Donald Trump met on the sidelines of the G7 summit to agree a trade deal that will remove tariffs on the UK aerospace sector and save carmakers from facing aggressive taxes on exports. The pair of world leaders heaped praise on one another while the UK government said the [...]
Manoj Ladwa on the UK-India relationship June 17, 2025 City AM is the media partner for IGF London 2025. Ahead of the event, we sat down with the Founder and Chairman of IGF, Manoj Ladwa, to discuss the UK-India relationship. In a city as globally connected as London, it’s easy to overlook the individuals working quietly but relentlessly to strengthen international ties. One such [...]
84 per cent of Brits want Iran blocked from developing nuclear weapons June 16, 2025 A huge 84 per cent of Brits say that Iran should be stopped from developing nuclear weapons, with 44 per cent supporting UK military efforts to intervene, according to polling from think tank More in Common. The overwhelming strength of public concern and the relative backing of intervention is at odds with Sir Keir Starmer’s [...]
Car crash interview: City minister trips up over £10bn infrastructure project June 16, 2025 City minister Emma Reynolds was flummoxed by a series of questions about the government’s recent infrastructure announcements in a variously tense and cringe-inducing interview on LBC on Monday morning. Just seconds into the exchange with Nick Ferrari, Reynolds misspoke and called the Dartford Tunnel – in Kent – the Dartmouth Tunnel – in Devon – [...]
Israel-Iran conflict to dominate G7 meeting as Starmer calls for restraint June 16, 2025 The escalating conflict between Israel and Iran is likely to be high on the agenda as world leaders gather in Canada on Monday. Sir Keir Starmer said that the G7 meeting in Alberta would provide an opportunity for allies to make the case for de-escalation in the “fast moving” situation in the Middle East, with President Trump [...]
Reeves to lay out 10-year infrastructure plan worth £725bn June 15, 2025 Chancellor Reeves is set to deliver a 10-year infrastructure strategy plan which will lay out efforts to boost growth and upgrade services across the UK. The new blueprint for UK infrastructure will come around a week after Reeves delivered the Spending Review, which marked out £190bn in extra government spending commitments for the years between [...]