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      UK workers suffer bigger tax hikes than any leading economy after Reeves’ raid

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By: City AM reporter

All 628 Articles
  • Starmer accused of U-turn after ordering inquiry into grooming gangs

    June 15, 2025

    Sir Keir Starmer has been accused of a U-turn after committing to a statutory inquiry into the grooming gangs scandal. After resisting pressure for months to implement a full probe, the Prime Minister said he had read “every single word” of an independent report into child sexual exploitation by Baroness Louise Casey and would accept her recommendation [...]

  • Bank of England expected to hold rates at 4.25 per cent

    June 15, 2025

    The Bank of England is expected to hold interest rates at 4.25 per cent after inflation jumped in April and policymakers remain “nimble” to the evolving economic backdrop. Most economists think the Bank’s Monetary Policy Committee (MPC) will opt to keep rates on hold when it meets on Thursday. The MPC has voted to cut [...]

  • UK investigators arrive in India for plane crash

    June 14, 2025

    UK air accident investigators have arrived in India as tributes continue to pour in for victims of the Air India plane crash. The Boeing 787 Dreamliner crashed shortly after take-off on Thursday in what is one of the deadliest plane accidents in terms of the number of British nationals killed. The aircraft struck a medical [...]

  • Zelensky warns oil price surge could help Russia’s war efforts

    June 14, 2025

    A sharp rise in global oil prices after Israeli strikes on Iran will benefit Russia and bolster its military capabilities in the war in Ukraine, Volodymyr Zelensky has said. The Ukrainian president told journalists in Kyiv that the surge in oil prices threatens Ukraine’s position on the battlefield, especially because western allies have not enforced [...]

  • 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 [...]

  • Iran retaliates after Israeli strikes target nuclear programme and military

    June 14, 2025

    Iran has launched retaliatory missile and drone strikes on Israel, killing at least three people and wounding dozens, after a series of Israeli attacks on the heart of Tehran’s nuclear programme and armed forces. Israel’s assault used planes as well as drones smuggled into the country in advance, according to officials, to assault key facilities [...]

  • 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 [...]

  • Evri to ramp up courier workforce after DHL partnership

    June 9, 2025

    Evri is planning to hire 5,000 couriers in a fresh recruitment drive as the parcel giant takes on rivals after entering the business letter market. The Yorkshire-based firm recently announced it was joining forces with DHL’s UK ecommerce arm to form one of the country’s biggest delivery firms. It said the new roles would bring [...]

  • Businesses should dictate on burka ban, Badenoch says

    June 8, 2025

    Conservative leader Kemi Badenoch has said employers should be able to decide if their staff can wear burkas in the workplace. Badenoch also said people who come to her constituency surgeries must remove their face coverings “whether it’s a burka or a balaclava”. Badenoch posted a video on X of part of her interview with [...]

  • Tesco shareholders eye returns as ‘awful April’ bill hikes set to hit profit

    June 8, 2025

    Tesco shareholders will be watching closely for signs that it is managing to fend off competition as the supermarket price war heats up and “awful April” bill hikes eat into household income. The UK’s biggest supermarket chain will unveil its financial results for the first three months of its financial year on Thursday. Tesco recently [...]

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