Rachel Reeves blames everyone – apart from herself November 5, 2025 The Chancellor’s speech yesterday was really very odd indeed. It benefited from all the gravitas of a Downing Street address to the nation, but was remarkably thin on substance. She created an atmosphere of high drama but left her audience with nothing but questions to which she was unable or unwilling to provide an answer. [...]
Booming Manchester outshines ‘stagnant’ London November 4, 2025 Greater Manchester’s booming economy is outstripping the rest of the country and throwing into sharp relief the “stagnant” state London has found itself in since the 2008 financial crisis, according to a new report. As Chancellor Rachel Reeves sets out the productivity challenges facing the UK ahead of the Budget, new analysis from Oxford Economics [...]
Autumn Budget could ‘exacerbate’ manufacturing challenges November 3, 2025 Fears that the UK manufacturing industry’s recovery could be “short-lived” have jumped as firms brace for a painful Autumn Budget. The latest S&P Global’s manufacturing Purchasing Managers’ Index (PMI) edged up to 49.7 in October, marking a 12-month high for the sector. But this remained stubbornly below the all-important 50.0 threshold, which indicates whether a [...]
Exclusive: Liz Kendall bets £55bn to close UK innovation gap October 30, 2025 Britain’s new tech secretary, Liz Kendall, insists the government’s record £55bn R&D package marks a turning point for UK innovation, but with the country still lagging global rivals in key sectors, questions remain over whether even this scale of investment can close the gap. The funding, confirmed on Thursday by the Department for Science, Innovation [...]
Looking for growth is a lot better than hoping for it October 28, 2025 Rachel Reeves and Keir Starmer like to say that economic growth is the defining mission of this government, but as the latest data shows it’s starting to resemble Mission Impossible. While the government deserves credit for addressing some of the deep-rooted issues that have held back growth for so long – whether though planning reform [...]
Looking for Growth? Look no further. October 27, 2025 The fury online is palpable, high-fliers feel undervalued, and ‘Britain is Broken’ has become the ridiculing punchline enjoyed by American crypto traders and digital nomads. Here though, at a mini arena in Greenwich on a Thursday night, Looking for Growth – LFG – is not a lost cause. Some attendees are unsure exactly what they [...]
Flash of ‘hope’ ahead of Budget as manufacturing roars back to life October 24, 2025 The UK economy had a flash of “hope” in October after manufacturing roared back to life ending a year-long slump. The latest ‘flash’ PMI from S&P Global showed business activity jumped to a two-month high at 51.1, this was up from 50.1 in September. The growth was driven by a sharp uptick from the manufacturing sector which hit [...]
Retail sales hit highest since 2022 in surprise boost for economy October 24, 2025 Retail sales jumped to their highest level since 2022 in September, boosted by sunny weather that drove a surge in demand for clothing. Fresh figures from the Office for National Statistics (ONS) showed retail sales were 0.9 per cent higher than the previous three months. Sales volumes climbed 0.5 per cent in September, a significant boost from [...]
How to actually grow the economy October 23, 2025 In this special edition of The Week in Business, City AM Editor Christian May talks to Lord Matthew Elliott about his new book, co-authored with Dr Arthur Laffer, Douglas McWilliams and Lord Michael Hintze: Prosperity Through Growth – Boosting Living Standards in an Age of Autocracy and AI. The book is based on interviews with [...]
Banking watchdog boss warns easing capital rules ‘highly risky’ October 22, 2025 The head of the UK’s banking watchdog has warned of high risk if the UK loosens its rules around lenders’ capital framework as the government pushes for economic growth. Sam Woods, the head of the Prudential Regulation Authority (PRA), said requiring banks to no longer set aside capital for top-tier sovereign bonds would “be equivalent [...]