Ex-Autoglass boss to donate £5m to Labour in bid to smash Tories at election June 5, 2023 The former Autoglass chief Gary Lubner is set to donate £5m to Labour to bolster its coffers ahead of the next election battle. The South African-born businessman told the Financial Times he had wanted to help Labour leader Sir Keir Starmer get the party into power “for a long time”. He said: “This is the [...]
Labour’s plan to wind down oil and gas extraction is ‘naive’ and risks ‘cliff edge’ for production, union chief warns June 4, 2023 Labour’s energy plans are “naive” and the party risks creating a “cliff edge” for production, a union chief has warned.
‘Can’t come soon enough’: Will Sunak follow through on 2p tax cut reports? June 4, 2023 Rishi Sunak’s mooted plans to reduce the tax burden from a seven-decade high with a 2p cut in income tax ahead of the next election have been welcomed by Tory campaigners. Reports surfaced in the Sunday Telegraph that the PM – an ex-City banker – is keen to cut charges in order to incentivise work [...]
Gordon Brown leads new campaign for radical UK reform – with focus away from London June 1, 2023 A group of leading Labour politicians has banded together to campaign for reform of the UK – with the focus on political and economic centres outside of London. Led by former prime minister Gordon Brown, Welsh First Minister Mark Drakeford, Greater Manchester Mayor Andy Burnham, West Yorkshire Mayor Tracy Brabin and Scottish Labour leader Anas [...]
Labour MP Geraint Davies suspended over ‘incredibly serious allegations of unacceptable behaviour’ June 1, 2023 Labour has suspended MP Geraint Davies pending an investigation into reports of “incredibly serious allegations of completely unacceptable behaviour”. The decision to administratively suspend the Swansea West MP means he will have the whip removed in Westminster while a review is carried out. It follows claims against the veteran politician, which were reported by the [...]
Politics ‘antithetical’ to business, Greg Hands rival for Chelsea seat warns May 25, 2023 Politics is “completely antithetical” to sound business, former City banker Adam Knight preparing to take on Tory chairman Greg Hands in his former safe Conservative Chelsea seat has warned. Ex-Goldman Sachs trader Knight, 49, is the Liberal Democrat candidate in Chelsea and Fulham, where he will seek to put Conservative party chairman Greg Hands out [...]
Leg up for UK listings as Labour backs £50bn pension ‘growth fund’ May 23, 2023 A Labour government would push pension funds to pump cash into UK start-ups and growth firms as part of plans to boost the City and keep homegrown firms in Britain, Rachel Reeves has said. Speaking in New York today, the shadow chancellor said her party aimed to rocket-launch investment in the UK by accelerating consolidation [...]
Keir Starmer vows to ban ads for ‘harmful’ products like sugary snacks aimed at children May 22, 2023 Sir Keir Starmer has pledged to ban advertising for “harmful” products including vaping, junk food and “sugary snacks” to children if Labour is elected into power. He outlined his plans for reforms to the NHS, Labour’s third ‘mission’ for government, in a speech this morning, setting out a bid to shift to a prevention-focused approach, [...]
Kemi Badenoch urged to ‘walk away’ from Gulf trade deal over human rights concerns May 22, 2023 Kemi Badenoch has been urged to “walk away” from “worrying” trade negotiations with Gulf states due to concerns about human and labour rights abuses. The UK has “absolutely no reason” to discuss trade with states where “human, women’s and LGBT rights and workers’ rights abuses are so widespread”, union boss Paul Nowak said. Amnesty International [...]
Starmer vows to break high-tax, low-growth ‘doom loop’ May 18, 2023 Sir Keir Starmer has vowed the Labour Party will ensure “investment thrives” in order to boost growth in the UK economy if he is elected Prime Minister. The opposition leader hinted he would step up government investment and launch policies to boost private investment. Asked by City A.M. about investment and tax and spending policies, [...]