Trump-Starmer meeting: Five things to look out for February 27, 2025 Prime Minister Sir Keir Starmer is set to meet Donald Trump this evening for the first time since the US President re-entered the White House in January. Thanks to the US-UK so-called ‘special relationship’, meetings between the two nations’ leaders always have resonance. But amid the current international context, including Trump’s own comments about Russia’s [...]
PMQs: Starmer won’t confirm if Chagos deal money included in defence rise February 26, 2025 Keir Starmer has declined to confirm whether money spent on the Chagos Islands deal will be included in the rise in defence spending. The UK is in talks with Mauritius about handing over sovereignty of the British Indian Ocean Territory but leasing back the strategic Diego Garcia military base, which the US uses. The Prime [...]
Heathrow to pay first dividend in five years to new owners February 26, 2025 London Heathrow Airport plans to pay its owners a first dividend in five years after passenger numbers reached record highs in 2024. The West London hub has settled on a payout of £250m over the coming weeks, the first since before the pandemic. Heathrow’s ownership underwent its most significant change in decades in 2024 after [...]
Spring could prove to be an economic washout February 26, 2025 A modest burst of warm weather towards the end of last week may have coaxed the snowdrops and bluebells into life but don’t go dusting off the BBQ, as the cold isn’t done with us yet. Meteorologically speaking, Spring kicks in on 1 March but forecasters say the first month of the new season is [...]
‘Productivity argument’ against family firm tax breaks, IFS director argues February 25, 2025 There is a “productivity argument” against treating family businesses “generously”, the Institute for Fiscal Studies (IFS) director has argued, when asked about inheritance tax. Economist Paul Johnson addressed the National Farmers Union (NFU) conference in Westminster on Tuesday, which saw environment secretary Steve Reed’s speech interrupted by farming protestors, as well as NFU president Tom [...]
Defence spending to rise to 2.5 per cent by 2027 via aid cuts, Starmer confirms February 25, 2025 Sir Keir Starmer has announced the “biggest sustained increase in defence spending since the end of the Cold War” as he confirmed the UK would spend 2.5 per cent of GDP [gross domestic product] by 2027. The Prime Minister unveiled the policy in a statement to the House of Commons after reports he was set [...]
Reynolds sorry for calling himself solicitor but denies ‘misrepresentating’ February 25, 2025 Jonathan Reynolds has apologised for describing himself as a solicitor in Parliament, but has insisted he was not “misrepresenting myself professionally”. The business secretary has been accused of claiming to have been a solicitor, despite only ever being a trainee, before becoming an MP, including in a 2014 speech in the House of Commons, on [...]
Inheritance tax: Ministers urged to ‘do right thing’ ahead of farming summit February 25, 2025 The government is being urged to “do the right thing” over its plan to bring in inheritance tax for farm businesses worth more than £1m, following months of protests by farmers. Ministers are being encouraged to “reset” their relationship with Britain’s farmers, ahead of the National Farmers’ Union (NFU) conference on Tuesday. President Tom Bradshaw [...]
Defence spending: 2.5 per cent of GDP is ‘ambitious,’ minister says February 23, 2025 Raising UK defence spending to 2.5 per cent of national income is “ambitious”, a cabinet minister has insisted as the government faces pressure to increase investment. It comes amid uncertainty over the future of the war in Ukraine, as the US began negotiations with Russia, excluding Kyiv from talks. Education secretary Bridget Phillipson sought to [...]
Payments regulator reportedly could be scrapped as No10 slashes red tape February 23, 2025 The UK’s payments regulator could be scrapped and folded into another regulator as part of efforts by No10 to slash red tape, according to Sky News. Ministers are mulling whether to abolish the Payment Systems Regulator (PSR) and amalgamate it into the Financial Conduct Authority (FCA), the broadcaster has reported. A decision could come within [...]