Why pension trustees need to embrace a ‘win-win’ and back British firms May 16, 2024 Pension trustees must embrace a “win-win” and begin backing Britain’s homegrown tech companies if younger Brits are to retire with comfortable pension pots, the founding chief of the British Business Bank has warned.
Spending watchdog says HMRC in ‘declining spiral’ and needs to rethink ‘unprecedented’ job cuts May 15, 2024 Taxpayers spent the equivalent of 800 years on hold when trying to phone HM Revenue and Customs' customer service in 2022-23, according to a scathing report by the UK spending watchdog that found the public had been "let down".
The UK is out of recession – but it’s far too soon to celebrate May 14, 2024 While the UK's exit from recession is welcome news, structural problems will continue to stymie economic growth for years to come if they are not addressed soon, Chris Dorrell writes
AI giant Coreweave in £1bn UK investment as London picked for new European HQ May 10, 2024 An American artificial intelligence (AI) group has announced plans to invest £1bn in the UK after opening a new office in London as its European headquarters.
Recession over as UK GDP grows faster than expected in first quarter May 10, 2024 Economists think the UK will grow 0.4 per cent this year, although the Office for Budget Responsibility (OBR) expects a 0.8 per cent expansion.
Bonds & Ballots: Can a British ISA save London’s stock market? May 9, 2024 In this week's Bonds & Ballots, City A.M. asks: did Jeremy Hunt do enough for UK financial services? And will a British ISA really boost London's markets?
Inside Westminster’s war with the FCA May 9, 2024 The relationship between the Financial Conduct Authority and the government has been fractious in recent years. Charlie Conchie takes a look at why Westminster went to war with the regulator
‘Anaemic’ UK growth means Hunt will fail to meet fiscal rules, think tank warns May 9, 2024 The UK will suffer from "anaemic" growth for the foreseeable future meaning the government will fail to meet its fiscal rules, new forecasts suggest.
Regulator rejected parliament’s pleas to extend ‘name and shame’ consultation May 8, 2024 The boss of the Financial Conduct Authority rejected a direct request from the house of Lords to extend a consultation on its controversial ‘name and shame’ plans, it has emerged.
HS2 ‘will finish at Euston’ – but it’ll cost taxpayers another billion May 8, 2024 Taxpayer cash will be used to fund a 4.5 mile tunnel linking HS2 to its Euston terminus, breaking a prior government pledge to use private sector money.