UK economy flatlined last quarter revised figures reveal December 23, 2024 The latest revised figures from the Office for National Statistics have revealed the UK economy did not grow in the third quarter of this year. The statistics watchdog had previously said the economy grew 0.1 per cent in the third quarter. However, according to the latest figures, the economy flatlined, leaving the UK with no [...]
Can you complete City AM’s Politics Quiz of the Year 2024? December 23, 2024 It’s been a busy year for politics in 2024. From elections in the UK and US, Labour’s first Budget in 14 years, farmers protests and more, how well do you remember the twists and turns of the past 12 months? Well, while you’re enjoying a mince pie and glass of Baileys, we’ve put together a [...]
Nigel Farage ‘hasn’t got a clue’ how to fix the economy, says Rachel Reeves December 21, 2024 Nigel Farage “hasn’t got a clue” how to grow the economy or make people’s lives better, Rachel Reeves has claimed. The Chancellor also urged the public to be patient with her plans to turn around the economy in an interview with the Guardian. As the public’s view of Labour falters, and Reform makes gains in [...]
A look back at the highs and lows of politics in 2024 December 20, 2024 With elections in the UK and US in 2024, a new government, and a fresh opposition leader, watchers of Westminster and elsewhere have had a busy year in politics. At City AM we’ve followed every twist and turn as Labour secured an election victory in July, Donald Trump pulled off a White House comeback and [...]
City Minister Tulip Siddiq named in Bangladeshi corruption probe December 19, 2024 The City minister has been named in an investigation into whether her Bangladeshi family embezzled nearly £4bn from energy and major infrastructure deals. Tulip Siddiq, whose ministerial remit includes tackling corruption in financial markets, is accused of having helped broker a deal with Russia for a nuclear power power plant in Bangladesh 11 years ago [...]
Bleak midwinter for the economy? It could be worse… December 19, 2024 The political and economy outlook for the UK may seem gloomy, but spare a thought for our European counterparts, says Tim Sarson It’s the last working week of 2024 for many of us. I’ll be switching off the laptop on Friday afternoon and packing up for what I hope is a restful Christmas break, give [...]
It’s not just Waspi women, the government has taken everyone for fools December 18, 2024 You don’t have to agree with the principle of the Waspi women’s campaign to sympathise with their feelings of betrayal. Cynicism is one thing in politics, but saying absolutely anything to get in power will ultimately harm democracy, says Alys Denby Waspi stands for: Women Against State Pension Inequality. It’s a confusing name, because the [...]
Labour’s growth gamble will decide Britain’s future December 18, 2024 Labour’s plan to invest for growth is Keynesianism 101. Delivering on it will require discipline and competence — recent history gives us plenty of reasons to be sceptical, says Damian Pudner Britain’s economic fortunes have hit a moment of reckoning. Public debt has ballooned to an eye-watering £2.8 trillion, roughly 100 per cent of GDP. [...]
FCA sets out plans for new Pisces private stock market December 17, 2024 The Financial Conduct Authority (FCA) has set out its plans for a new private stock market system today as it looks to revive London’s flagging IPO pipeline and allow investors to more easily tap into unlisted companies. In a consultation document, the City watchdog said the new stock market system, PISCES, first tabled by the [...]
‘Hammer blow’: Family firms call for inheritance tax consultation December 16, 2024 Family businesses are urging the government to consult on changes to inheritance tax (IHT), warning the move represents a “hammer blow” to the UK economy. Some 160,000 family-owned firms – represented by 32 trade associations – have written to Chancellor Rachel Reeves to request a formal consultation on IHT changes in the Budget. The letter, [...]