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UK Government

  • Government calls for investigation as Lindsey refinery owner folds

    July 1, 2025

    The government has called for an urgent investigation after the group behind one of Britain’s largest oil refineries collapsed into administration, putting hundreds of jobs at risk. State Oil – the parent company of Prax Group, which owns the Lindsey refinery in North Lincolnshire – appointed administrators on Monday. A separate winding-up order has also [...]

  • Why can’t Keir Starmer lead?

    July 1, 2025

    Later this week, Keir Starmer will celebrate the one year anniversary of his thumping election victory. Although he constantly tells journalists that he “doesn’t do” self reflection, if he does choose to recognise this political milestone he’ll surely be unnerved to consider that it’s less a case of “look how much we’ve achieved” and more [...]

  • Exclusive: Kemi Badenoch makes her pitch to the City

    July 1, 2025

    Kemi Badenoch has apologised to the business community for any trust lost under previous Tory governments, insisting that “the Conservative party is the natural party of business.” The Tory leader said “I’m sorry if at any time over the last 14 years we did not seem like that,” adding that hers is now “the only [...]

  • Can Kemi Badenoch woo the City?

    July 1, 2025

    The Conservative leader sits down with City AM’s City editor, Simon Hunt. The Labour government is gearing up for an anniversary. On 5 July, the party will have completed its first full year in office since it was kicked out in 2010. Having won last summer’s general election with a thumping majority of 411, Sir [...]

  • City minister doubles down on green finance as firms turn sour

    June 30, 2025

    The City minister has reaffirmed the government’s ambition for a green transition across the financial services sector, despite the industry pivoting on climate priorities. Speaking at City Week on Monday, Emma Reynolds said: “The UK has a world leading financial and related professional services ecosystem and the research that is needed to integrate sustainable finance.” [...]

  • Meta’s billion-dollar AI talent hunt sparks broader jobs reckoning

    June 30, 2025

    Meta is offering some of the most lucrative recruitment packages in tech history, as chief executive Mark Zuckerberg leads an aggressive hiring push to reposition the firm as a leader in generative artificial intelligence (AI). The member of the so-called magnificent seven has offered signing bonuses of up to $100 (£79m) to lure top talent [...]

  • Disposable income per head slumps despite economic growth

    June 30, 2025

    The Office for National Statistics left growth figures for the UK economy at 0.7 per cent in the first three months of the year unrevised on Monday. Official data from the ONS showed quarter one’s growth was led by a 1.3 per cent increase in the production sector. Services and construction jumped 0.7 per cent [...]

  • Rayner urged to reform landlord fees in Renters’ Rights Bill

    June 30, 2025

    Deputy Prime Minister Angela Rayner has been urged to reform high landlords’ fees in the upcoming Renters’ Rights Bill to help balance the market. In a letter to the Housing Secretary, lettings and property management agent Hello Neighbour said that landlords were being charged £2bn in London alone in “excessive fees”. These fees are related to exit [...]

  • ChatGPT wipes out entry level jobs 

    June 30, 2025

    Vacancies for graduate roles, apprenticeships, internships, and junior positions have decreased by more than 30 per cent since ChatGPT emerged at the end of 2022. The research by Adzuna follows a warning last month from the Chief Executive of artificial intelligence heavyweight Anthropic, Dario Amodei, who said that AI could eliminate up to 50 per cent of [...]

  • Biggest manufacturers expected to pay £685m more in tax

    June 30, 2025

    Manufacturers across the UK will have to cough up £685m more in new property taxes next year, new research has suggested, adding costs to several businesses which are struggling to boost output and already cutting back on headcounts.  The government last week said it was ready to address high electricity prices for up to 7,000 [...]

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