The Editor’s Interview: Should the Tories be afraid of Nigel Farage’s Reform UK? March 10, 2025 In this episode, we see top Tory Andrew Griffth MP grilled by City AM Editor Christian May on the threat posed to the Conservatives by Nigel Farage's Reform UK.
Ex-Bank of England governor Mark Carney named next Canadian PM March 10, 2025 Former Bank of England governor Mark Carney has been named the next Canadian prime minister after winning his party leadership vote in a landslide. Carney won 85.9 per cent of the vote in the Liberal Party leadership contest and will succeed Justin Trudeau, who has been in office for nine years. He served as the [...]
Government to hit regulators with performance targets to drive innovation March 10, 2025 Regulators will be slapped with new performance targets in an effort to stimulate technological innovation and drive investment in the UK. According to Lord Patrick Vallance, the science minister, the benchmarks will be designed to accelerate innovation. Lord Vallance has suggested that this drive for innovation could result in commercial delivery drones, self-driving vehicles, and [...]
UK markets being ‘gradually undermined’ by tax regime – Interactive Investor boss March 10, 2025 The current tax regime is making UK markets “just about tradable” and are leading to their “gradual undermining”, according to the chief executive of Interactive Investor*. Speaking in the latest episode of City AM‘s Boardroom Uncovered podcast, Richard Wilson said his company has seen an increase in more investors trading in foreign markets instead of [...]
Free Thinking: Will Musk regret putting Trump’s politics before Tesla sales? March 7, 2025 This week on Free Thinking, Alys Denby is joined by writer and City AM columnist Eliot Wilson to discuss whether Elon Musk is paying the price for mixing politics and business.
Government could take Abramovich to court over £2bn from Chelsea sale March 7, 2025 The government is reportedly preparing to take former Chelsea owner Roman Abramovich to court to get their hands on £2bn from the sale of the club. The oligarch previously said that the money from the sale, currently frozen in a bank account, would go to those hit by Russia’s invasion of Ukraine. But ministers have [...]
Employment reforms “highly damaging” to investment, warns CBI chief March 7, 2025 The government’s proposed reforms to employment law would be “highly damaging” to business investment in the UK, according to CBI president Rupert Soames. Writing in The Times, Soames argued that this week’s U-turns on more controversial aspects of the legislation – from changes to statutory sick pay, to tweaks to protections for agency workers and [...]
Week in Business: Who will Rachel Reeves blame for higher taxes in Spring Statement? March 6, 2025 City AM Editor Christian May looks at the biggest business stories in his weekly video, today focusing on the UK economy and upcoming Spring Statement.
Chancellor facing £10bn headache in Spring Statement March 6, 2025 Rachel Reeves faces a tax and spend nightmare at the Spring Statement, according to the Institute for Fiscal Studies (IFS) think tank. In a lengthy report, the IFS says Reeves is snookered between the realities of a bleak economic environment and her own self-imposed fiscal rules, resulting in what could amount to a £10bn tax [...]
Reeves is gearing up for a blame game March 6, 2025 You can hear the spin a mile away; as the Chancellor’s team prepares for the Spring Statement the groundwork is being laid. Despite the fact that the inevitable consequences of the government’s multi-billion pound tax raid on businesses have been clear for months, with economic growth suffocated, sources close to the Chancellor are telling the [...]