Carlton Club in the red as it counts the cost of Labour’s victory Business The Conservative Party stronghold, the Carlton Club, has fallen into the red as it counted the cost of Labour’s victory in last year’s general election. The private members’ club, which was the original home of the party, said it lost out on revenue after “functions declined due to the cancellation of political events following political [...]
Liz Truss: UK’s shortest-serving PM rakes in the cash Business Liz Truss, the UK’s shortest-serving Prime Minister, has seen her earnings rise after leaving Number 10. The former PM has raked in £112,657 in the year to 31 March, 2025, through a business she and her husband set up. The figure is up from the £104,715 the firm reported in net assets during its prior [...]
Former Tory MP among 15 facing charges related to election gambling Politics Former Tory MP Craig Williams is one of 15 people who have been charged after bets were placed on the timing of the 2024 general election, the Gambling Commission has revealed. Williams was among a number of people linked to the Conservative Party reported to have made bets on the election date, which was called [...]
Unhappy New Year? 72 per cent say UK ‘going in wrong direction’ January 7, 2025 Keir Starmer’s chances of a New Year reset have been dealt a blow with new research revealing a lack of confidence in the government’s economic policies. The first of a new monthly City AM/Freshwater Strategy poll found that 72 per cent of voters say the UK is going in the “wrong direction”, including 53 per [...]
Can you complete City AM’s Politics Quiz of the Year 2024? December 23, 2024 It’s been a busy year for politics in 2024. From elections in the UK and US, Labour’s first Budget in 14 years, farmers protests and more, how well do you remember the twists and turns of the past 12 months? Well, while you’re enjoying a mince pie and glass of Baileys, we’ve put together a [...]
A look back at the highs and lows of politics in 2024 December 20, 2024 With elections in the UK and US in 2024, a new government, and a fresh opposition leader, watchers of Westminster and elsewhere have had a busy year in politics. At City AM we’ve followed every twist and turn as Labour secured an election victory in July, Donald Trump pulled off a White House comeback and [...]
Use development orders to tackle housing crisis, ministers told November 15, 2024 The UK government should use development orders to circumvent the planning regime, build homes and address the housing crisis, a new report has argued. Ministers should deploy existing powers – known as local development orders, which allow specific development in certain areas without a planning application – to turbocharge housebuilding, the Adam Smith Institute (ASI) [...]
Bank of England and Fed to cut interest rates despite fiscal fears November 6, 2024 The Bank held rates at its last meeting in September, but signalled that further cuts were on the way if there continued to be progress on inflation.
Scrapping non-dom regime branded ‘monumentally stupid’ by tax advisors November 1, 2024 Several leading tax and wealth advisors have told City AM that scrapping the non-dom regime without a suitable replacement is a “monumentally stupid decision” that has already prompted some non-doms to leave. One of the key measures introduced in Wednesday’s budget was abolishing the non-dom status, a regime that allowed certain tax breaks for people [...]
Autumn Budget 2024 Live: Rachel Reeves unveils sweeping tax reforms October 30, 2024 Welcome to City AM’s Autumn Budget 2024 live blog in association with RBC Wealth Management. The Chancellor, Rachel Reeves, has set out out Labour’s tax and spending plans for the year ahead in the party’s first budget since coming to power over the summer. The Budget contains some of the biggest tax hikes in a [...]