Keir Starmer: Policies that inhibit growth will be in the ‘no column’ September 17, 2024 “If it promotes economic growth, it’s in the Yes column — if it is inhibiting growth, it’s in the No column,” he reportedly said.
Oxford Street: Sadiq Khan plans to pedestrianise iconic retail centre September 17, 2024 Sadiq Khan has announced plans to pedestrianise Oxford Street in a bid to reinvigorate the nation’s “most famous high street” and attract more shoppers. The mayor of London has announced the proposals to turn the road into a traffic-free avenue, alongside a wider regeneration of the shopping destination. Pedestrianisation plans would be delivered via the [...]
Lessons must be learned from the demise of Harland & Wolff September 17, 2024 Harland & Wolff on Monday declared insolvency following weeks of turmoil since the government refused to provide financial support.
Economic inactivity due to sickness could reach 4.3m, report warns September 17, 2024 The UK’s level of economic inactivity due to sickness could reach 4.3m by the end of this parliament, with an “unthinkable human and economic cost”, a health report has warned. A cross-party commission on health and prosperity, led by the Institute for Public Policy Research (IPPR), has published its findings on the future of Britain’s [...]
Italian firms Leonardo and Marcegaglia to invest £485m in Britain, Starmer reveals September 16, 2024 Two Italian companies Leonardo and Marcegaglia are set to invest £485m into the UK, Sir Keir Starmer has announced. The news came during a joint press conference in Rome with the Prime Minister of Italy, Georgia Meloni, as part of Sir Keir’s trip to strengthen ties on migration, trade and defence. Aerospace firm Leonardo will [...]
West End: Tourist tax ‘disadvantage’ costs retailers hundreds of millions September 16, 2024 Retail business in London missed out on a projected £220m in the first half of 2024 due to the ongoing effect of the so-called tourist tax, despite continued growth in international visitor numbers. The number of international visitors to London was three per cent above pre-pandemic levels, but spending in the West End fell nearly [...]
The Notebook: A new deal for working people? Labour’s plan risks mass layoffs September 16, 2024 Labour's new deal for workers promises to put employees first, but it risks badly backfiring, writes employment law expert Dan Pollard in today's Notebook.
Labour’s agenda risks serious economic damage September 16, 2024 Labour ministers, and even large parts of the public, might not shed a tear over the loss of these remote, almost abstract, purveyors of high-end financial services, but they should.
‘Open for business’: Ministers head to Gulf states in bid to boost UK trade links September 16, 2024 Senior ministers are heading to the Gulf states for talks on boosting the UK’s economy via expanding trade links with the region and attracting international investment. Business secretary Jonathan Reynolds and trade minister Douglas Alexander are flying to Riyadh, Saudi Arabia, on their first joint international visit since the election, with Alexander then set to [...]
UK will become less attractive for firms if workers’ rights reforms are passed, CBI survey finds September 15, 2024 The UK is likely to become a less attractive place to do business in the coming years if Labour’s workers’ rights reforms are implemented in their current form, a new survey has suggested. Some 62 per cent of respondents to a survey by the Confederation of British Industry (CBI) survey and recruiters Pertemps said they [...]