Bank of England governor opens door to ‘simplifying’ financial rulebook July 14, 2026 Andrew Bailey opened the door to simplifying the UK’s financial rulebook as he joined Rachel Reeves for the Chancellor’s third and final Mansion House speech on Tuesday evening. The Bank of England governor distanced himself from capping taxes on banks and financial institutions, but said existing rules should help “flush out supranormal profits” by “reducing [...]
Tom Kerridge: No good restaurant has ever been run by accountants July 14, 2026 No good restaurant or pub has ever been run by accountants, celebrity chef Tom Kerridge told City AM as he pushes for a VAT cut for hospitality firms. The TV personality and restaurateur has spearheaded lobbying efforts for the government to slash VAT for hospitality companies, a move which he says would offer the struggling [...]
Tax online businesses more to save Britain’s struggling high streets July 14, 2026 Labour promised to reform business rates to level the playing field between online and physical businesses. It's time to make true.
Andy Burnham pressured to safeguard jury trials after legal backlash July 14, 2026 The country’s criminal barristers have demanded an urgent guarantee from incoming Prime Minister Andy Burnham to save jury trials. The Criminal Bar Association (CBA) has ramped up pressure on Burnham to officially drop “misguided” clauses in the Courts and Tribunals Bill that would curb the historic right to a trial by your peers. The controversial [...]
Bank of England warns Burnham of UK economy’s ‘big issue’ July 14, 2026 The Bank of England has warned Andy Burnham that economic growth remains the “big issue” facing the UK economy as he prepares to take the keys to Number 10. Andrew Bailey, the central bank governor, told policymakers on Tuesday that the UK has had “low growth for the best part of 16 to 17 years”. [...]
UK inks trade deal with Switzerland – despite shouting match July 13, 2026 The UK and Switzerland have inked a new free trade deal that ministers say will boost Britain’s services economy by some £5.2bn a year – despite talks breaking down just weeks ago to such an extent that both parties were “shouting at each other”. The agreement is the largest the UK has negotiated since it [...]
‘Brutal onslaught’: Brewery McMullen’s takes aim at Reeves’ tax hikes after pub sell-off July 13, 2026 One of the UK’s biggest family-owned brewers has taken aim at Chancellor Rachel Reeves’ tax hikes after it sold off more than a quarter of its pub estate. Hertfordshire-based McMullen’s, which owned over 100 pubs before offloading 30 of them in January, has warned it is likely to struggle to stay profitable in the years [...]
Andy Burnham is utterly delusional July 13, 2026 Andy Burnham has pledged to “value and respect” every member of the PLP and to favour consensus building over point scoring. We’ll see how long that attitude lasts once he faces his first backbench rebellion, says Eliot Wilson Andy Burnham’s premiership is only a week away. By Friday last week, he had received the backing [...]
The devastating prognosis for the UK’s public finances July 11, 2026 While much of the media obsesses over Nigel Farage’s fight with a man dressed as a bin, I have something more sobering to discuss as we kick off the weekend. The Office for Budget Responsibility’s report into fiscal risks and sustainability, published this week, is comfortably the most alarming yet. This is an annual review [...]
Burnham’s cheerfulness could turn the economy around July 9, 2026 Confidence is an elusive but essential determinant of the course of the economy ignored by Reeves' doomsterism. Burnham could change that.