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Labour Party

  • Reeves’ energy bill crackdown prompts industry backlash 

    Politics

    Chancellor Rachel Reeves’ push to crack down on “profiteering” among retailers has led to backlash across industry as suppliers are warning of shortages on the horizon.  Reeves has been warned by industry bosses that the focus on profiteering lacked justification and was part of a political ploy ahead of crucial elections in May. Asda boss [...]

    Starmer and Reeves have caused huge damage to the UK economy
  • Nato: Starmer’s defence spending pledge lagging behind

    Politics

    Sir Keir Starmer’s pledge to upgrade the armed forces is facing renewed scrutiny after official Nato figures suggested that spending in defence was lagging ahead of a crucial expenditure target in 2027.  Starmer said last year that the government would increase spending on defence to 2.6 per cent of GDP from 2027.  But Nato, the [...]

    Rachel Reeves will look to offer entrepreneurs tax breaks in her battle to keep her headroom intact.
  • Is Rachel Reeves actually to blame for the ‘Truss crash’?

    Opinion

    After years of blaming the 'Truss crash' on tax cuts, Rachel Reeves has finally gestured to the real problem – her own instinct to overspend, writes Tom Harwood.

    Liz Truss and Rachel Reeves in a public discussion at a business conference, highlighting political and economic topics.
  • UK economy set for second lowest growth in G7 – OECD

    March 26, 2026

    The UK economy is set to suffer the second lowest growth and second highest level of inflation in the G7, the OECD has predicted, in a damning set of forecast revisions for the Labour government and the Bank of England.  Growth in the UK will slow to around 0.7 per cent, according to the OECD, [...]

  • FTSE 100 Live: OECD slashes UK growth prospects as inflation set to jump

    March 26, 2026

    Good morning and welcome back to the City AM liveblog. The White House’s Press Secretary has said the US is “very close” to meeting its objectives in the Iran war, though offered no specific timeline on when the conflict could come to a close. But Iran’s foreign minister has said the country has “no intention [...]

  • Vodafone set for £85m court showdown with ex-franchisees

    March 26, 2026

    An £85m court battle between Vodafone and its former franchisees will kick off on Thursday over claims the telecoms giant imposed cuts on franchises which left managers facing closures and bankruptcy.  The 62 ex-franchisees pursuing a civil action against Vodafone – recently renamed VodafoneThree – will launch their case at the High Court for the [...]

  • Starmer says he doesn’t hold power to approve North Sea projects

    March 25, 2026

    Sir Keir Starmer has said he doesn’t hold legal powers to approve fresh exploration of North Sea oil and gas fields, with the decision falling in the hands of net zero secretary Ed Miliband. Starmer said current legislation determined that a quasi-judicial decision relating to cases for more gas extraction at Shell’s Jackdaw site and [...]

  • Peter Kyle hints at push for EU customs union return

    March 25, 2026

    Business and trade secretary Peter Kyle suggested joining the EU’s customs union could improve the UK’s economic prospects, with new data suggesting that trade flows in London boomed last year.  After being asked twice whether war in the Middle East provided a stronger case for the UK to join the customs union, Kyle refused to [...]

  • James Reed: V-levels are Labour’s best idea yet

    March 25, 2026

    Middle-class prejudice towards vocational paths has held the UK back. I welcome Labour's V-level push, writes James Reed.

  • Price growth set to almost double yet interest rate hike uncertain

    March 25, 2026

    Price growth could jump to as high as five per cent within months, economists have said, leaving the outlook for interest rates more uncertain.  Top City economists said they expected inflation to rise to nearly double the rate seen just before war in the Middle East broke out, leaving the Bank of England with a [...]

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