Relentless surge in government debt is unsustainable says BIS May 27, 2025 Policymakers across the world need to get a grip on the relentless surge in public government debt, a leading economist has warned. Agustin Carstens, general manager of the Bank for International Settlements (BIS) said fiscal authorities have a “narrow window” to put their house in order “before the public’s trust in their commitments starts to [...]
Draper calls on government to invest in tennis and padel May 20, 2025 British No1 Jack Draper is among a number of tennis stars who have called on the Prime Minister Sir Keir Starmer to invest in court facilities. Draper joins the likes of Katie Boulter and Alfie Hewett in expressing concern over potential cuts of funding to tennis facilities, while demanding funds for “high quality community sports [...]
Natwest: Government set to sell stake in FTSE 100 giant by June May 16, 2025 The UK government is on track to sell its remaining stake in FTSE 100 lender Natwest as soon as next month after it accelerated the sell-down of its holdings. The Treasury’s share of the FTSE 100 lender is one of British banking’s longest-running sagas, dating back to the 2008 financial crisis. Natwest, then under the [...]
Rank: Grosvenor casino owner hits jackpot as laws relaxed May 14, 2025 Rank Group – the owner of UK-based chain Grosvenor casinos – is set to ramp up the number of gaming machines in its casinos after the government said it would relax gambling laws. Shares in the group soared nearly eight per cent on Wednesday morning. The firm said the government’s review of the 2005 Gambling [...]
Fuel for blast furnaces and iron ore supplies arrive at British Steel April 27, 2025 Steelworkers at Scunthorpe have been given a more certain future with the arrival of new raw materials to operate British Steel’s blast furnaces, ministers have announced. 55,000 tonnes of blast furnace coke have arrived in the UK to fuel the Scunthorpe plant in North Lincolnshire, and a shipment of more than 66,000 tonnes of iron [...]
Reynolds issues guidance to British Steel after MPs back emergency law April 13, 2025 The business secretary Jonathan Reynolds has issued instructions to British Steel, using the emergency powers approved by Parliament on Saturday to save the Scunthorpe blast furnaces. A government source confirmed that Reynolds had given directions to the company following the extraordinary sitting of Parliament. But they declined to give details of those instructions, saying they [...]
What’s in the government’s new planning reform bill? March 10, 2025 The government has promised to unleash the biggest building boom in a generation through its wide-ranging planning reform bill, which will head into parliament today. Drafted in response to a crisis which has seen a massive shortage of affordable housing, as well as rising house prices and rents to due undersupply, the bill intends to [...]
Massive civil service office complex approved for Manchester February 24, 2025 A huge new tech-focused Government office complex in Manchester has been given planning permission. The 5.5 acre project, which could support as many as 7,000 civil service jobs in the city, will bring together a range of government departments with a focus on technology. “The new digital campus plays to Manchester’s strengths. We have fostered [...]
Checkatrade CEO: ‘My plan to get Britain growing again’ February 20, 2025 The chief executive of Checkatrade has revealed what he would like the government to change in order to boost British businesses and get the country growing again. Speaking during an up-coming episode of City AM’s Boardroom Uncovered interview series, Jambu Palaniappan argued Labour should reform the rules around planning permission to made it easier for [...]
IFS: UK must intervene to stop ‘ridiculous’ proliferation of small pension pots February 12, 2025 The government should clamp down on the “ridiculous” proliferation of small pension pots, a leading think tank has said. The growing number of these small-scale funds puts up costs for pension providers and makes it more difficult for savers to make sensible decisions, the Institute for Fiscal Studies (IFS) argued. “Further action is needed to [...]