Frasers Group: What Mike Ashley’s retail empire’s endgame could be after Boohoo, Asos, Currys, AO and N Brown investments January 19, 2024 City AM's UK Editor Jon Robinson asks why Frasers Group has continued increasing its stakes in the likes of Boohoo and Asos and what the endgame could be.
Jeremy Hunt drops major tax cuts hint at Davos before March budget January 19, 2024 Chancellor Jeremy Hunt dropped another major hint about March’s much-anticipated budget, saying the “only direction of travel” is for the UK to embrace low taxation. Speaking at Davos in Switzerland, he said Britain should emulate other economies with low taxes, as the Conservatives gear up for an election later this year. Hunt, who will deliver [...]
AI could help us with vaccines and tax cuts, Jeremy Hunt tells Davos January 18, 2024 Artificial intelligence (AI) could help the world with vaccines for the next global pandemic and aid politicians in cutting taxes, Jeremy Hunt has told Davos.
Sadiq Khan criticised for £512m spending boost ahead of election January 18, 2024 Sadiq Khan has been criticised for a pledging £512m spending boost in his draft City Hall budget for next year ahead of the mayoral elections.
Chancellor to meet with Lloyds, Barclays and Natwest executives over share slumps January 18, 2024 Chancellor Jeremy Hunt is convening a summit with bosses from the UK's largest banks to discuss concerns that their poor share performance is preventing more lending into the economy.
It may get them elected, but overpromising will set Labour up for failure against unions January 18, 2024 It may be tempting to promise big, but Labour need only look to Northern Ireland to see the price of disappointment, writes Will Cooling.
Woodford deal could create ‘systemic risk’ by scrapping investor protections, say academics January 17, 2024 A group of academics have warned that the planned £230m compensation for Woodford investors “would be likely to set a dangerous precedent” by scrapping “cornerstone” protections for investors provided by regulators.
Rishi Sunak faces crunch vote as Rwandan president says policy is ‘UK’s problem’ January 17, 2024 Rishi Sunak is under pressure over his policy to deport asylum seekers to Rwanda, which faces a crunch vote in the Commons.
Central bankers push back on interest rate cut bets but accept progress on inflation January 17, 2024 In the US, traders think there is a 60 per cent chance that the Fed will lower interest rates in March, according to CME Fedwatch.
Childcare costs mean it makes ‘no financial sense for many mothers to work’: official report January 17, 2024 London’s economy could be being held back by around £5bn a year due to issues with childcare costs and shortages.