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By: City AM reporter

All 608 Articles
  • Scrapping non-doms could cost UK up to £111bn by 2035, ASI think tank claims

    April 5, 2025

    Scrapping the non-doms tax status could cost the UK up to £111bn by 2035, the Adam Smith Institute (ASI) is warning. The UK could also lose some 44,000 jobs by 2030 if the government enacts its plans to abolish the scheme, the free-market group has suggested. These figures are based on just over half [11,050] [...]

  • Jaguar Land Rover to ‘pause’ US shipments in wake of tariffs

    April 5, 2025

    Jaguar Land Rover has said it will “pause” shipments to the US as it works to “address the new trading terms” of Donald Trump’s tariffs. A 25 per cent levy on all foreign cars imported into America came into force on Thursday, and a wider “baseline” 10 per cent tariff on goods imported from around [...]

  • Planning application for Cumbria coal mine dropped after legal setbacks

    April 5, 2025

    The company behind a proposed development for the UK’s first coal mine in 30 years has withdrawn its planning application. The government confirmed on Friday that West Cumbria Mining (WCM) withdrew its application for the site near Whitehaven after years of legal and regulatory setbacks. Then-housing secretary Michael Gove first granted planning permission for the [...]

  • Global markets nose-dive as Trump’s tariff on UK products comes into effect

    April 5, 2025

    Donald Trump’s 10 per cent tariff on UK products has officially come into force, with global stock markets plunging deeper into the red in response to the imposition of import taxes. Prime Minister Sir Keir Starmer is expected to spend the weekend speaking to foreign leaders about the tariffs, after calls with the prime ministers [...]

  • Starmer and Trump to continue trade talks ‘at pace’

    March 31, 2025

    Sir Keir Starmer and Donald Trump discussed “productive negotiations” to advance a UK-US trade deal and agreed they will “continue at pace” in a phone call on Sunday night, Downing Street has said. The UK is trying to negotiate an exemption from tariffs on imports into the US. Negotiations are said to be intense, with moves [...]

  • Trump condemns Putin as two killed in Russian strikes on Ukraine

    March 30, 2025

    Donald Trump has hit out at Russian President Vladimir Putin for comments he made about the leader of Ukraine. The US president was speaking after Russian drones hit a military hospital, shopping centre and apartment blocks in Ukraine’s second-largest city of Kharkiv, killing two people and wounding dozens. In an interview with NBC News, he [...]

  • Justin Welby says he forgives abuser Smyth

    March 30, 2025

    Former archbishop of Canterbury Justin Welby said he forgives serial abuser John Smyth as he repeated an apology to victims and told of the “deep sense of personal failure” he feels about the handling of allegations. The former most senior bishop in the Church of England, who resigned in November and stepped down officially in [...]

  • Government asks MP watchdog to review expenses rules

    March 30, 2025

    Ministers will ask a Parliamentary watchdog to review some expenses claims after a Labour MP was able to claim £900 from the taxpayer in “pet rent”. Security minister Dan Jarvis insisted his colleague Taiwo Owatemi, a Government whip and the MP for Coventry North West, followed the rules when she made the expenses claim in [...]

  • Iran rejects direct negotiations with US after Donald Trump letter

    March 30, 2025

    Tehran has rejected direct negotiations with the US in response to a letter from Donald Trump over its rapidly advancing nuclear programme, the president of Iran has said. The remarks from Masoud Pezeshkian represented the first official acknowledgement of how Iran responded to Trump’s letter. It also suggests that tensions may further rise between Tehran [...]

  • Raspberry Pi: Results in focus after London IPO

    March 30, 2025

    Raspberry Pi is set to give an insight into demand for its new chips after the computer firm was thrust into the spotlight when it launched on the London stock market last year. The Cambridge-based business will publish its full-year financial results on 2 April. Rasperry Pi’s revenues soared by 61 per cent in the [...]

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