Barclays boss calls for political ‘stability’ as banker’s pay packet swells to £15m Banking The boss of British banking giant Barclays has called for “stability” across the political landscape as the Labour government’s future faces uncertainty. CS Venkatakrishnan, the bank’s chief executive who is known as Venkat, faced questions on the turmoil in Number 10 after Barclays published its full-year earnings report. “From the point of view of businesses [...]
FTSE 100 Live: Blow for Reeves as economy shrank ahead of Budget Markets Good morning and welcome back to the City AM liveblog. Today fresh economic data has given another crucial assessment of the Chancellor’s growth agenda. The UK economy shrank 0.1 per cent in October as businesses paused investments amid consistent rumours around upcoming tax hikes in Rachel Reeves’ second Autumn Budget. A Bloomberg poll of City economists had predicted the Office [...]
Badenoch ‘rebuilding’ Tories as she marks a year as leader, she says Politics Kemi Badenoch has said she is “rebuilding” the Conservative Party, as she marks her first year as Tory leader. Badenoch’s first anniversary since taking over as Tory leader is on Sunday, November 2. She came to the helm of the Conservative Party after a leadership contest triggered by Rishi Sunak’s resignation in the wake of [...]