Reeves’ gropes at growth decades in the future are not good enough February 5, 2025 The benefits of Rachel Reeves’ plans for new reservoirs and airports won’t be realised quickly enough. It exposes this government’s lack of coherence, credibility and, crucially, urgency, says Brandon Lewis Since coming into power, Labour has repeatedly attempted to position itself as the energetic party for economic growth, capable of shocking a lagging system to [...]
Reeves set to gather top investors at Downing Street in growth funding push February 4, 2025 Rachel Reeves will try to convince some of the UK’s biggest investment firms to take more risks with their cash tomorrow as she looks to unlock billions of pounds of funding for her growth plans, City AM has learned. In a meeting at Number 11 Downing Street, the Chancellor is set to pitch her new [...]
Labour keen to establish captive insurance market in the City of London February 4, 2025 Within eight months of governing, Labour will be expecting to reveal the results of a captive consultation, which shows a "strong indication that they are going to get on with it"
ONS chief ‘very confident’ UK is suffering from rise in economic inactivity February 4, 2025 Professor Sir Ian Diamond said he was "very confident" that the UK was suffering from a rise in health-related economic inactivity, despite question marks about the quality of the data.
Rosebank: Britain’s future ‘not in more oil and gas’, energy minister warns February 4, 2025 The UK’s future “does not lie in more oil and gas”, an energy minister has told MPs, just days after a court ruled against consent for two new fields in the North Sea. A judge last week upheld a legal challenge by environmental campaigners against the decision to grant consent to two new oil and [...]
Exclusive: Two-thirds of voters have no confidence in Rachel Reeves February 4, 2025 A majority of Brits now have little confidence in Rachel Reeves’ plan to generate economic growth despite a renewed push from the Chancellor to kickstart Britain’s ailing economy, exclusive polling for City AM has found. More than 70 per cent of voters have said they are not confident in the Chancellor’s fiscal plans and around [...]
Labour optimism evaporates after bruising seven months February 4, 2025 Labour would see its majority wiped out if the country were to head to the polls today as voters turn on Keir Starmer and Rachel Reeves over their handling of the economy, exclusive polling for City AM has found. After romping to victory with a majority of 174 in July, Labour’s vote share has slumped [...]
UK’s pension wealth is being ‘squandered’, Phoenix boss warns February 4, 2025 The UK’s pension wealth is being “squandered” due to the fragmentation of the market and a lack of risk taking among money managers, the investment chief of Phoenix has warned. Writing in City AM today, Mike Eakins, chief investment officer of the FTSE 100 pensions giant, said the UK was an “outlier” compared to similar [...]
Trade war: Trump’s tariffs pose ‘age-old question’ for Starmer February 3, 2025 President Trump imposed 25 per cent tariffs on goods imports coming from Mexico and Canada, as well as an extra 10 per cent duty on Chinese goods.
FCA has the same ‘red flags’ as the Post Office, MPs say in fresh attack February 3, 2025 A parliamentary group on fairer finance has reignited its row with the Financial conduct Authority (FCA) today, comparing the watchdog to the Post Office and accusing bosses of engaging with criticism in a “disappointing, defensive and dismissive” way. In a new report, the All-Party Parliamentary Group on Investment Fraud and Fairer Financial Service, which counts [...]