If the world really has changed, Chancellor, then drop your tax hikes March 26, 2025 Rachel Reeves has one of the most demanding, high profile and exhausting jobs in the country, and so – at the very least – we should forgive her for taking some freebie tickets to a Sabrina Carpenter concert. She’s had very few good weeks since entering office and the least she deserves is a good [...]
City regulator faces grilling on Treasury’s growth agenda March 25, 2025 The Financial Conduct Authority (FCA) was grilled by the Treasury Committee on Tuesday after it unveiled its new five-year strategy. Members of the committee questioned the gap between the government’s growth agenda and how the FCA was prepared to deregulate. Chair of the Treasury Committee Dame Meg Hillier, said the regulator’s structure led to it [...]
Reeves crosses her fingers and hopes for growth March 25, 2025 Ahead of last October’s Budget, ministers allowed months of speculation as to what would be unveiled, and the never-ending drumbeat of doom and gloom talked the economy to a standstill. Largely as a result of the contents and consequences of that Budget, economic growth has since evaporated and now all eyes are on this week’s [...]
FCA chief vows to support growth agenda ‘with urgency’ March 25, 2025 The chief executive of the Financial Conduct Authority (FCA) has said the watchdog is “going so much further” on its mission to boost growth in the UK, amid pressure from the government for regulators to cut red tape. Writing in City AM this morning, Nikhil Rathi said the FCA had presented the Prime Minister with [...]
Andrew Bailey: Strong trade and AI will be key to UK growth March 24, 2025 Andrew Bailey, the Governor of the Bank of England, has said that strong trade will be essential to UK growth in the coming years. The Bank of England last week held interest rates at 4.5 per cent, citing a possible global trade war as a risk to the economy. In a speech delivered at the [...]
Will London take New York’s fintech crown? March 21, 2025 According to Z/Yen’s 37th Global Financial Centres Index (GFCI 37), the Square Mile is snapping at the heels of the Big Apple.
UK ambassadors to have growth ‘KPIs’, foreign secretary tells trade summit March 21, 2025 The UK’s ambassadors will have “KPIs that contribute to our economic growth” as diplomats shift to a more economic mindset, the foreign secretary has said. David Lammy told an audience of businesses that he wants the Foreign, Commonwealth and Development Office (FCDO) to become the “international delivery arm of the government’s missions, the first of [...]
Week in Business: Is Keir Starmer leading the UK into recession? March 20, 2025 Following the PM's punchy op-ed in City AM, Editor Christian May gives his reaction to Starmer's article and puts the Prime Minister's prose in context.
City regulator appoints Asia-Pacific director in growth push March 20, 2025 A top director at the Financial Conduct Authority (FCA) will head up a new role in Asia as part of the regulator’s bid to boost growth, City AM has learned. Camille Blackburn, who is currently the director of wholesale buy-side at the regulator, will head up growth operations in the Asia-Pacific region. This follows the [...]
SMEs delay investments as uncertainty leaves firms on edge March 18, 2025 Small and medium-sized firms (SMEs) are delaying investment decisions, a new survey has found, as Chancellor Rachel Reeves’ Spring Statement threatens to stifle businesses. Uncertainty brought by an escalating global trade war and Reeves’ proposed reforms is making business leaders think twice about their appetite for investments in the short term. The latest survey of [...]