UK cement sector ‘at risk of cracking’ despite industrial strategy June 23, 2025 Production in the UK cement sector is rapidly declining, according to industry leaders, despite government efforts to slash high electricity prices as part of its industrial strategy published on Monday. Prime Minister Keir Starmer appealed to thousands of manufacturers across the country with plans to reduce energy bills by 25 per cent from 2027 after [...]
Industrial Strategy: Labour to turn City into ‘most innovative financial centre’ June 23, 2025 Labour has vowed to turn the Square Mile into “the world’s most innovative full-service financial centre” as the government laid out the key pillars of its much-anticipated industrial strategy. The policy document said the government would achieve the milestone by 2035, but was unclear about what the criteria were for hitting it or how it [...]
Nigel Farage reveals one-off £250,000 non-dom payment plan June 23, 2025 Nigel Farage has announced a £250,000 one-off “landing fee” for a ‘Britannia Card’ for non-doms to qualify for tax exemptions, in a push to stem the growing exodus of high net worth individuals from the UK. The policy would enable a Robin Hood-style direct payment to the lowest paid – directly to their bank accounts, [...]
Top private school faces job cuts after Reeves’ tax grab June 21, 2025 A prestigious private school has said it may be forced to make job cuts due to the Labour government’s removal of VAT exemption on school fees. Edinburgh-based Fettes College – where former Prime Minister Tony Blair is among alumni – has said the introduction of VAT on school fees contributed to the “difficult” decision to [...]
UK government’s love/hate relationship with consultancy firms June 20, 2025 When it comes to calling in the consultants, the UK government has had leading firms on speed dial over the years. But cuts are on top of Labour's agenda
Government borrowing surges in May to fund Labour’s spending June 20, 2025 Government borrowing in May surged to £17.7bn, official data has shown, reflecting the government’s need for cash to fund Labour’s spending splurge. This represented the second-highest May borrowing figure since records began more than 30 years ago and higher than the Office for Budget Responsibility (OBR) forecast. Fresh data published by the Office for National [...]
Ministers set to cut industrial energy prices for British manufacturers June 20, 2025 The government plans to slash industrial energy prices for British manufacturers, enabling them to better compete with key European rivals. Ministers will unveil a multibillion pound package of taxpayer-funded support for the UK’s most energy intensive industries, as part of the government’s industrial strategy on Monday, according to reports. Proposals to make energy prices more [...]
UK growth to suffer from interest rates hold, industry warns June 19, 2025 The UK economy stands to suffer from high borrowing costs, leading industry figures have warned, after the Bank of England held interest rates at 4.25 per cent on Thursday. The Bank’s Monetary Policy Committee (MPC) indicated that interest rate cuts could come in the coming months after a recent 25 basis point cut in May. [...]
Week in Business: Non-dom tax U-turn makes sense but what about the rest of us? June 19, 2025 The Chancellor is scrambling to hang on a few non-doms, but what about the tax bomb dropped on the rest of the country?
Sir James Dyson is right to warn on Labour’s damaging policies June 19, 2025 Sir James Dyson knows a thing or two about how to build a business. In an impassioned piece in The Sun yesterday he reflected on his own entrepreneurial experiences, saying “It took me 5,127 prototypes, each made by hand…I was on the brink of bankruptcy before I found success.” He set out his concerns that [...]