UK growth nearly stagnant in last quarter of 2024 March 28, 2025 The UK economy barely grew in the final quarter of 2024 as estimates remained unchanged, figures from the Office for National Statistics (ONS) said. Chancellor Rachel Reeves has vowed to deliver growth “further and faster”. But Reeves has faced a rocky start as GDP only grew by 0.1 per cent between October and December. Previous [...]
Week in Business: Trump’s tariffs add insult to injury after Spring Statement March 27, 2025 City AM Editor Christian May casts his eye over the Chancellor's Spring Statement and asks whether Donald Trump has just derailed her agenda.
Unlocking growth, delivering sustainability: London Stansted’s vision for the future March 27, 2025 | Sponsored The last few months have seen the new government make clear what it thinks about aviation’s role in achieving its growth mission. Through successive announcements about airport expansion, the Prime Minister, Chancellor and Transport Secretary have been among the senior Cabinet voices making clear a strong aviation sector is good for growth, and compatible with [...]
The Spring Statement takes us back to square one March 27, 2025 It might not have been a Budget, but the Chancellor may well wish that it had been. Constrained by her fiscal rules and her own insistence that yesterday’s statement would not constitute a major event, Rachel Reeves was left shuffling the few cards she held in search of a better hand. The search was in [...]
Spring Statement 2025: Businesses cautious on growth, expect further tax hikes March 26, 2025 Rachel Reeves may have ended her Spring Statement upbeat on long-term prospects after an upgrade from the Office of Budget Responsibility, but businesses don’t seem to be buying it. The Chancellor announced that the OBR had upgraded growth forecasts for the coming years, as she brushed aside the 2025 outlook which was slashed in half. [...]
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 [...]