‘Cautious welcome’: City bigwigs react to Mansion House Accord May 14, 2025 City analysts and politicians have been probing the ramifications of the Mansion House Accord, a new deal spearheaded by the government that aims to encourage more diverse investments by pension funds. The accord, which was signed by seventeen major pension funds yesterday, is a voluntary commitment to allocate ten per cent of funds to private [...]
Home Secretary defends PM’s immigration speech after backlash May 13, 2025 The Home Secretary has defended the Prime Minister’s choice of language after he received criticism for claiming that the UK risked becoming “an island of strangers” without major reform to the immigration system. Former Shadow Chancellor John McDonnell, who was suspended from Labour after voting against welfare reforms, posted on X: “Talk of an “island [...]
Immigration reforms won’t solve labour shortages, businesses warn May 13, 2025 Government plans to draw back immigration levels and tighten criteria for visas will put efforts to fill labour shortages at risk, with leading industry groups urging Keir Starmer to fast-track apprenticeship reforms. The immigration white paper, which was published on Monday, set out plans to end specific care worker visas, strengthen the skills criteria needed [...]
Employment levels slump as Reeves’ taxes bite May 13, 2025 Employment levels deteriorated in March, official data has suggested, in signs that Chancellor Rachel Reeves’ £20bn tax raid on employers has squeezed firms’ profits. Figures released by the Office for National Statistics (ONS) revealed that the number of payrolled employees fell by 53,000 over the first three months of the year. The early estimate of [...]
Reform UK tops latest City AM poll as Nigel Farage’s approval ratings climb May 13, 2025 Nigel Farage’s approval ratings have climbed since his party’s success in the local elections, while Reform UK has surged ahead of Labour to top the latest Freshwater Strategy/City AM poll of UK voters. Since last month’s survey, Keir Starmer’s net approval rating has seen a modest improvement from -39 to -36 while Tory leader Kemi [...]
Starmer’s just the latest to be shaped by UK’s immigration debate May 13, 2025 Immigration has shaped UK politics for the past 20 years, often in ways that surprised at the time but which appear in hindsight to make perfect sense. David Cameron’s 2010 pledge to reduce net migration to the tens of thousands set the Tory party on a collision course first with Brexit and then the subsequent [...]
UK to increase ‘very high talent’ immigration in new plans May 12, 2025 The number of people arriving on “very high talent routes” will be increased despite efforts to slash immigration levels. The proposals are set out in a section titled ‘global talent’ in Labour’s immigration white paper, which was published on Monday morning and largely focussed on plans to cut net migration from a peak of over [...]
UK living standards have worsened since Labour took power, voters say May 12, 2025 Nearly half of UK voters believe that living standards have deteriorated over the last 12 months, a new poll has suggested. The Labour government is approaching a full year in office in a matter of weeks after an electoral campaign in which it promised to boost people’s personal finances. But a new poll by Freshwater [...]
Immigration rules to be ‘tightened up’ in Labour white paper May 12, 2025 The prime minister has unveiled sweeping reforms to the UK’s immigration system in a bid to curb levels of net migration. In a speech on Monday, Sir Keir Starmer declared that securing indefinite leave to remain in Britain is “a privilege that must be earned, not a right” as he lays out a series of [...]
Quooker: Labour’s policies are hitting our growth May 12, 2025 The boss of instant hot water tap brand Quooker has branded the Labour government “less helpful than helpful” as its decisions are dampening confidence and curtailing investment. UK managing director Stephen Johnson has revealed that rising costs, low consumer confidence and a shrinking kitchen market are making expansion increasingly difficult despite Quooker seeing another 10 [...]