Burnham risks ‘breaking manifesto’ without business rates reform Retail Andy Burnham has been warned that he risks breaking Labour’s manifesto if he does not go further in his plans to overhaul the business rates system. The Prime Minister-to-be has been urged by hospitality and retail industry figures to expand his plans to modify a business rates system which they say unfairly disadvantages high street [...]
Labour erupts into civil war after Starmer allies block Burnham’s by-election bid Politics The Labour party was thrown into a civil war on Sunday after a group of Keir Starmer’s closest allies on the ruling committee blocked Andy Burnham from standing in the forthcoming by-election in the North West. Labour’s National Executive Committee (NEC) voted in an eight to one ruling against Burnham on Sunday meaning the metro [...]
Retail giants warn Reeves her tax plans risk UK living standards Retail Tesco, Sainsbury’s and John Lewis, along with other UK retail heavyweights, have issued a direct warning to chancellor Rachel Reeves, arguing that her government’s tax policies could undermine its key promise to raise living standards. The retailers claim they are being forced to raise prices in the face of mounting costs, and that additional taxes [...]
Reynolds refuses to rule out raising employer national insurance rate October 13, 2024 Jonathan Reynolds has refused to rule out raising employers’ National Insurance (NI) contributions in the Budget.
OBR, workers rights and planning: What to watch out for in the King’s Speech? July 16, 2024 Labour will set out their programme for government on Wednesday, when King Charles will deliver the King’s Speech as part of the state opening of Parliament.
Do elections matter for the economy? July 3, 2024 "So much of what Britain has been through in the past 14 years is explained by a Conservative failure to face the future. Only Labour can turn the page," their manifesto says.
FTSE 100 giant Natwest and Close Brothers set to benefit from Labour government, analysts say June 26, 2024 UK banking stocks are poised to enjoy a "good backdrop" if Labour wins the general election on 4 July, according to a leading broker, highlighting benefits for Natwest and Close Brothers.
Next government will have to increase taxes ‘aggressively’ or ‘do a Liz Truss’ June 25, 2024 UK government debt could be at risk of a sell-off if the next government needs to increase borrowing by more than expected, a major investor in gilts has warned.
Labour is still ‘ambivalent’ towards the City – we need celebration, says Federated Hermes chief June 25, 2024 Labour is still “ambivalent” towards the City and neither of the major parties have done enough to “celebrate” its achievements, according to the UK chief of Federated Hermes.
IFS: Labour and Conservative manifestos ‘singularly fail’ to address fiscal challenges June 24, 2024 The IFS called attention - yet again - to the fiscal 'trilemma' which will face the next government.