Government borrowing ahead of expectations in blow for hopes of tax cuts April 23, 2024 Jeremy Hunt has said the Conservatives will cut taxes again in the autumn "if we can", with some reports suggesting he's considering another 2p cut to National Insurance.
Peers call on regulator to halt ‘name and shame’ plans as City fury grows April 22, 2024 An influential group of peers has called on the Financial Conduct Authority (FCA) to halt plans to ‘name and shame’ the firms it is investigating as fury over the proposals grows in the City.
Thames Water’s new business plan could see bills rise by over 40 per cent by 2030 April 22, 2024 Already in the hole for around £18bn, today's update brings the company's expected total cost for its 2025-2030 plans to £19.8bn
IMF warns Britain must address ‘fundamental’ fiscal imbalances April 17, 2024 By 2029, global debt is projected to be roughly equal to global output.
New data: UK tax take rising faster than any other rich country April 17, 2024 Although the UK started the century with tax revenue making up a much lower proportion of national income than other advanced economies, the tax burden has rapidly climbed since the pandemic.
IMF says the UK will be the fastest-growing major economy in Europe next year April 16, 2024 The projections suggest the UK economy is unlikely to generate much momentum this year, and will lag all G7 economies apart from Germany.
Rachel Reeves tells the City she wants to close gender pay gap if she becomes first female chancellor April 16, 2024 Shadow Chancellor Rachel Reeves said Labour is "under no illusions about the scale of challenge Labour will inherit."
Leave London if UK markets are ‘unwilling or unable’ to engage, hedge fund tells Wood Group April 16, 2024 In the letter, which City A.M. has also seen, Sparta said it has been a shareholder in Wood since "early 2022," and during that time, the fund has been "frustrated by the continued underperformance of the shares."
UK economy grows in February as recovery gathers steam April 12, 2024 The figures will raise hopes that the UK economy can move on from a disappointing 2023.
Plans to stop NDA abuse provide clarity but aren’t radical, lawyers say April 10, 2024 Non-disclosure agreement (NDA) clauses that aim to stop victims reporting crimes to the police are “likely already unenforceable” under “current laws”, lawyers have said.