Lammy set for further talks with counterparts as Iran and Israel exchange fire June 14, 2025 David Lammy is expected to spend the day in talks with counterparts across the Middle East after Iran launched retaliatory attacks against Israel overnight. The Foreign Secretary will be briefed by officials on Saturday and will speak to figures in the Middle East and elsewhere. It comes after conversations with representatives from Iran, Jordan and [...]
Was Reeves’ Spending Review a fintech endorsement? June 14, 2025 Rachel Reeves has promised to back UK fintech and in Labour’s inaugural Spending Review, she piled billions into the tech sector. The Chancellor handed the Department for Science, Innovation and Technology (DSIT) a hefty £16.5bn budget as she took the chop to other departments. DSIT’s expenditure limit is set to grow 7.4 per cent by [...]
Westminster upheavals: Labour MPs could resign, Lib Dems courting Tory MPs June 13, 2025 Political intrigue is alive in Whitehall’s corridors, as Labour’s welfare reforms have landed a number of MPs on ‘resignation watch.’ On the benches opposite, Tories on the left of the party are being courted by Lib Dems. Work and Pensions (DWP) secretary Liz Kendall has told the party she will be pushing through with controversial [...]
Starmer calls Israeli strikes ‘concerning’ June 13, 2025 Prime Minister Keir Starmer condemned Israel’s attack on Iran’s nuclear programme. In what the Israeli Defence Forces called a “preemptive attack,” 200 fighter jets struck 100 targets, including Iran’s main nuclear enrichment facility, according to Israel. The PM called reports of strikes “concerning,” calling for Israel and Iran to “step back and reduce tensions urgently.” [...]
London Mayor brands ULEZ scrappage scheme a success June 13, 2025 The London Mayor extolled the benefits of his controversial Ultra-Low Emission Zone (ULEZ) scrappage scheme this morning. A new report has found that the scrappage scheme has seen 35,094 cars and 17,964 polluting vans in London taken off the streets in exchange for grants. According to City Hall, ULEZ has decreased carbon emissions equivalent to [...]
Bank of England loses hundreds of laptops amid rising cyber threats June 13, 2025 The Bank of England has come under fire after losing hundreds of tech devices worth nearly £300,000. Figures seen by City AM reveal the Bank of England lost or had stolen over 300 laptops, tablets and phones between May 2022 and March 2025. Patrick Sullivan, chief executive of think tank Parliament Street, said: “The Bank [...]
Reeves has ‘killed’ Old Kent Road regeneration by scrapping Bakerloo Line extension, say developers June 13, 2025 A major south London regeneration scheme faces an uncertain future after developers warned that the government’s spending review has “killed” the project by not providing funding for the long-expected Bakerloo Line extension. Described as ‘fundamental’ to the regeneration project, the Bakerloo Line extension missed out on funding in Rachel Reeves’ spending review on 11th June. [...]
Big cities, big potential: The Spending Review rightly prioritises urban growth June 13, 2025 The Spending Review empowers UK city regions with transport and innovation funding to boost productivity and drive national economic growth, says Andrew Carter The Chancellor’s Spending Review rightly puts big cities at the centre of a plan for broad-based, long-term national prosperity. The UK’s big cities’ economies have tended to underperform, costing the country £50bn [...]
The Government’s Jekyll and Hyde approach to business is confusing June 13, 2025 | City Talk Businesses were once enthusiastic about a Labour government, but a year on we are growing frustrated, says Ravi Anand In advance of last year’s General Election, conversations I had with small businesses and corporate advisers were overwhelmingly positive towards the prospect of a Labour Government. This was contrary to what you’d expect from the business [...]
Oil prices surge after Israel attacks Iran June 13, 2025 Oil prices spiked by more than nine per cent following Israeli strikes targeting Iran’s nuclear programme, in the most dramatic jump in more than three years. Meanwhile, the price of gold hit $3,427 – up 1.2 per cent during Asian trading hours. Israel launched strikes on Tehran early on Friday, rekindling fears of a full-scale [...]