How Sweden left socialism behind February 13, 2025 The myth of socialist Sweden persists but in fact it has left many of the policies of the 70s and 80s behind and become one of the most market-oriented societies in the world, says Rainer Zitelmann For decades, the production and sale of alcohol was heavily regulated by the state in Sweden. When it came [...]
Britain will miss out on the AI revolution unless it recalibrates attitudes to risk February 13, 2025 Britain is well-placed to be at the forefront of AI breakthrough but for one thing: its deep-seated culture of risk aversion. To foster a more entrepreneurial culture, there are three things the UK should do, says Lewis Z Liu The UK has a unique set of advantages to lead the AI revolution. It boasts world-class [...]
Mark Kleinman: Bonfire of the regulators just beginning February 13, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles churn at the regulators, bankers’ bonuses and dilemmas at Deliveroo. Bonfire of the regulators is just beginning For Marcus Bokkerink, read Abby Thomas? The chief executive of the Financial Ombudsman Service last [...]
Reform UK call for windfall tax on renewable energy in anti-net zero push February 12, 2025 Reform UK has said they would introduce a windfall tax on renewable energy as they announced they were “serving notice” on the industry. The party has detailed a set of “policies to undo the effects of net zero”, in the wake of a series of polls and voting intention surveys that saw it beat Labour [...]
Row erupts over bid to resurrect London Irish February 12, 2025 London Irish administrators and former frontrunner Daniel Loitz are at loggerheads over the breakdown of the German’s proposed deal to buy the stricken rugby club. Sources close to the deal claim that Loitz had months – including an exclusivity period – in which to finalise a purchase with the ReSolve Group, which was appointed when [...]
Court chucks out HMRC double tax treaty case against RBC February 12, 2025 The UK Supreme Court, by a majority, dismisses HMRC's appeal over a double tax treaty linked to a North Sea oil production
Property experts warn ‘more needs to be done’ on £350m housing funding February 12, 2025 A £350m investment into affordable and social housing by the government has been welcomed but property experts warn “more needs to be done”. Housing secretary Angela Rayner has insisted the government “can’t afford not to” hit its 1.5m housebuilding targets, as officials unveiled an extra £300m in funding for the affordable homes programme, which they [...]
HS2 pushed government to keep ‘unjust’ compensation rules for ousted locals February 12, 2025 Bosses at HS2 pushed the government to keep an obscure law that enabled it to pay millions less in compensation to residents and businesses forced from their homes during construction, City AM can reveal. Internal documents obtained via FOI show how HS2 understood the arcane clause would cause “significant distress” and destroy jobs and livelihoods, [...]
High Court sides with FTSE 100 giant Intermediate Capital Group over spat with Irish investor February 12, 2025 "We are very pleased with the outcomes" a spokesperson from FTSE 100 private equity giant ICG said after investor Barry Maloney claim failed at the High Court
Formula 1 race in Rwanda would be ‘blood-stained’, says DRC February 12, 2025 Formula 1 risks having its brand “smeared by a blood-stained association with Rwanda” if it presses ahead with talks to stage a grand prix in Kigali, the Democratic Republic of Congo (DRC) has warned. DRC minister of foreign affairs Therese Kayikwamba Wagner wrote to F1 president and CEO Stefano Domenicali this week to urge him [...]