William Hill shortens odds on Pat McFadden replacing Rachel Reeves June 11, 2025 William Hill has slashed its odds on senior government minister Pat McFadden replacing Rachel Reeves as Chancellor – down from 5/1 to 2/1. McFadden is currently Chancellor of the Duchy of Lancaster – the most senior minister in the Cabinet Office – and is a close confidante of PM Sir Keir Starmer, playing a major [...]
Salesforce: Labour’s AI plan won’t work without skills push June 11, 2025 The UK could fall short of its economic growth ambitions unless it accelerates investment in workforce skills to match the rapid expansion of AI technologies, Salesforce has warned. This statement comes following the UK government and leading tech firms unveil major plans to enhance the country’s AI capabilities. At the opening of London Tech Week [...]
Worrying jobs figures show Labour’s Britain is heading for stagflation June 11, 2025 Staggering rises in unemployment are a result of government polices that prevent businesses creating new jobs, and will ultimately condemn Britain’s economy to low growth and high inflation, says Matthew Elliott Today’s employment figures from the ONS must serve as a wake-up call to the government that their economic agenda is running adrift. We have [...]
Government told migrant partners are a drag on UK finances June 10, 2025 UK government ministers have been warned that migrants who arrive on partner and family visas are likelier to have a negative impact on public finances and essential services, including the NHS. The independent Migration Advisory Committee (MAC) has told the government that the vast majority of people on partner visas will be “fiscally negative” over [...]
Tech secretary Peter Kyle recycles old announcements at London Tech Week June 10, 2025 Technology secretary Peter Kyle addressed London Tech Week on Tuesday, reiterating Labour’s previously announced plans for the tech sector, adding only one AI drug discovery project. In a keynote that focused heavily on risk and innovation, Kyle said Labour was committed to “progressive change to build a modern economy and an opportunity society for Britain”. [...]
Unemployment creeps up as firms cut jobs following Reeves tax raid June 10, 2025 The unemployment rate has crept up to 4.6 per cent from 4.5 per cent, official data has revealed, putting Chancellor Reeves’ ambition of growing the UK economy and getting people into work under threat. It is the highest unemployment rate in three years, with the UK economy then recovering from the pandemic. Figures released by [...]
Voters reject Reeves’ plans for state power on pension investments June 10, 2025 A majority of British voters oppose the government having powers to dictate pension fund investments, fresh polling has revealed, in a blow to Rachel Reeves’ attempts to use pension pot funds to boost growth. Three in five voters disagree with government influence over pension fund investments, according to a City AM and Freshwater Strategies poll [...]
UK GDP growth expected to slide after Awful April June 10, 2025 The UK economy is expected to have contracted in April as the double whammy of tax hikes and higher energy prices help reverse the 0.7 per cent growth gains seen in the first three months of the year. A Bloomberg poll of economists said City analysts are pencilling in a 0.1 per cent reduction to [...]
Winter fuel payments to return for 9m pensioners in £1.3bn Labour u-turn June 9, 2025 The winter fuel payment will be handed out to 9m pensioners whose income falls below £35,000 a year, the Treasury has revealed, in a £1.25bn blow to Chancellor Rachel Reeves’ chances of keeping her £9.9bn headroom intact.
Spear guns, knuckle dusters and machetes: The ‘prohibited items’ at London Tech Week June 9, 2025 London Tech Week 2025 opened with appearances from Sir Keir Starmer and Nvidia chief Jensen Huang, but attendees got a bigger surprise from a sign at the door outlining “prohibited items” at the event. City AM has seen a list ranging from spear guns and tear gas to knuckle dusters, nun-chucks and machetes, that looked [...]