Spring Statement Live: UK growth cut for 2026 but Reeves touts future forecasts Markets Welcome back to the City AM liveblog. Rachel Reeves delivered her Spring Statement today, as the Office for Budget Responsibility published its updated forecasts for the years ahead. The Chancellor was handed quite a hefty blow with the UK’s growth estimate for 2026 slashed to 1.1 per cent from 1.4 per cent the year prior. [...]
Could Kemi Badenoch be our next Prime Minister? Opinion Tory leader Kemi Badenoch has several critical personal talents that are not easily replicated, and the polls are starting to move in her favour, says George Trefgarne Something astonishing is happening in British politics. Bedevilled by an entire generation of dud politicians, including now Sir Keir Starmer and Rachel Reeves, we suddenly find that a [...]
Rachel Reeves’ benefit handouts are unchristian, Badenoch says Politics Kemi Badenoch has argued that Rachel Reeves’ welfare splurge in the Autumn Budget is inconsistent with Christian values, as she blasted the Labour government for raising taxes to fund increased spending. The Chancellor hiked taxes by £26bn on Wednesday to fund a massive injection of cash into welfare benefits, including the controversial decision to lift [...]
Reform present Tories with chance to rebuild economic credibility May 28, 2025 I bumped into a Tory MP in the City yesterday and after a cheerful catch up their mood crumbled when I asked about the state of their party. “We’re finished as a political force” was the frank assessment. A couple of hours later, Nigel Farage was making the same point on stage in Westminster, declaring [...]
Thames Water to avoid state bailout, the FTSE 100 at 7900 and an ITV bid: my predictions for UK plc in 2025 January 2, 2025 Predictions may generally be a mug’s game, but looking back at my forecasts for the business world in 2024, I seem to have fared better than usual. Klarna, the buy now pay later giant, opted for a New York listing; Dame Alison Rose made a comeback in a senior private equity role; Unilever announced that [...]