M&G: FTSE 100 giant hits out at Rayner’s ground rent cap as it suffers loss Property Asset manager M&G has swung to a loss driven by the Labour government’s introduction of a cap on existing ground rents. The FTSE 100 group hit out at the government after it reported a £165m loss for the first six months of the year, driven by a £325m write-down eating into its bottom-line. In its [...]
Top investment bank: Starmer and Reeves left UK ‘no better off than they found it’ Economics Keir Starmer and Rachel Reeves failed to leave the economy in a better position than they found it, according to top investment bank, which said the administration’s fixation on “luxury beliefs” kneecapped its number one mission to revive Britain’s flagging growth. In a research note on Friday, Panmure Liberum said the former Prime Minister and [...]
As it happened: How Starmer resigned and when Streeting backed Burnham Politics Sir Keir Starmer resigned as Prime Minister. The Labour leader said on Monday he “had heard the answer of the parliamentary party” that he was not the right person to lead the party into the next election. He said nominations for a new leader will open on July 9, and if a contest goes ahead, [...]
Starmer ally defends minimum wage quango after Sunak calls for it to be axed June 9, 2026 Welfare secretary Pat McFadden has leapt to the defence of the minimum wage quango after former Prime Minister Rishi Sunak called for the body to be axed. The top ally of Sir Keir Starmer told City AM it “would be a mistake” to abolish the Low Pay Commission (LPC), an independent body that advises the [...]
JP Morgan chief threatens to pull £3bn investment if Labour becomes ‘hostile to banks’ May 13, 2026 The chief executive of JP Morgan has threatened to pull a major investment from the UK if Labour government policy turns “hostile to banks”. Jamie Dimon – the influential American banker – revealed plans for a £3bn square feet tower in Canary Wharf last year, which is projected to inject as much as £10bn over [...]
UK borrowing costs storm past five per cent after Starmer warns of ‘chaos’ if ousted May 11, 2026 UK government borrowing costs have stormed higher following an attempt from Prime Minister Sir Keir Starmer to shore up support after a disastrous local election result. The yield on 10-year gilts rose nearly 10 basis points to over five per cent for the second time in mere weeks. It comes after Starmer sought to defy [...]
London local elections 2026: Who will win in Bexley? May 6, 2026 What has traditionally been a back and forth between Conservatives and Labour, for the forthcoming local elections Bexley is being viewed as Reform’s top shot at cracking London. In 2022, Bexley had a 5.2 per cent swing from Conservative to Labour but the Tories still managed to hold onto 33 seats, while Labour gained just [...]
London local elections 2026: Who will win in Barking and Dagenham? May 6, 2026 Labour will take the fight to Reform in its defence of Barking and Dagenham as it looks to continue its long-running hold on the borough. In 2022 Barking and Dagenham was painted a unanimous red. All 51 seats in the 232,747 strong borough went to Labour in a clean sweep, though turnout was 24.5 per [...]
Tax hikes call time on two pubs a day crushing 2,400 jobs May 5, 2026 The government’s bitter round of tax hikes imposed on the hospitality industry is said to have forced the closure of two pubs a day in the first three months of the year in yet another blow to the already bruised sector. Figures from the Beer Bar and Pub Association (BBPA) showed 161 pubs across Britain [...]
‘No need to take action’ on fuel duty, says Labour minister March 29, 2026 A Labour cabinet minister has pushed back against rallying calls for the government to hand petrol retailers some reprieve, stating there is “no need” to axe the planned hike in fuel duty. Education secretary Bridget Bridget Phillipson said on Sunday the government would “take a view closer to the time” on whether to press ahead [...]