‘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 [...]
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.
Kemi Badenoch: Tories could means test state pension triple-lock January 17, 2025 Kemi Badenoch has said the Conservatives could look at means testing the state pension triple-lock, in what would be a major policy shift. The Tory Party leader was asked during a phone-in on LBC Radio whether she would “look at” the triple-lock on the state pension, which sees the welfare benefit rise each year by [...]
Government considering ban on NDAs in workers’ rights Bill January 17, 2025 Labour is set to add a ban on on UK employers using NDAsto hush up harassment to be part of its overhaul of employment rights
Chinese embassy: ‘Alarm bells’ over security fears for London mega-site January 16, 2025 MPs have warned of “serious alarm bells” for the UK’s security over reports senior cabinet ministers have intervened on a Chinese planning application for a huge new London embassy. Foreign secretary David Lammy, who visited China last year, and home secretary Yvette Cooper have indicated their support for the proposed new 20,000 square metre mega-site [...]
No need for City minister to recuse herself over past lobbying, No10 says January 16, 2025 There is no need for new City minister Emma Reynolds to recuse herself from any duties because of her lobbying past, Downing Street has said. The Wycombe MP has taken over the Treasury minister role from Tulip Siddiq, who stepped down over allegations linked to her aunt’s political movement in Bangladesh. Questions had been raised [...]
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 [...]
Sadiq Khan to hike his share of London council tax bills January 16, 2025 Sir Sadiq Khan is set to hike Londoners’ average council tax bills by almost £19 a year – with City Hall’s share of the yearly total reaching almost £500. The London mayor is planning to increase his average ‘precept’ – or the amount he adds onto residents’ bills from their local councils – by four [...]
Reeves has dodged a bullet but she’s surrounded by landmines January 16, 2025 After all the excitement of a ministerial resignation, it’s time to check in on the government’s growth agenda. After all, the fate of individual politicians is of no significance when viewed against the major economic challenges facing the government, and the country. Talking to City CEOs, particularly those in the pension and investment sectors, it’s [...]
Malaysian firm YTL to invest £4bn in UK and former Concorde development January 15, 2025 The Malaysian firm YTL has announced plans to invest £4bn in its UK businesses and a brownfield housing development in Bristol at the site of the former Concorde hangars. The firm will spend £2bn on redeveloping the former Filton airfield in South Gloucestershire into an arena and housing development north of Bristol, the UK government [...]