Rachel Reeves is banking on Sustainable Aviation Fuel – but will it ever become a reality? January 29, 2025 Chancellor Rachel Reeves today confirmed government backing for Heathrow Airport’s third runway. The announcement, outlined in a growth speech in Oxfordshire, followed a week of speculation that the long-delayed and highly controversial proposals could be back on the agenda. It came alongside news that Gatwick and Luton would also be given the green light for [...]
Asda ditches Aldi and Lidl price match promise just a year after launch January 29, 2025 Asda has axed its price-matching scheme with Aldi and Lidl in a bid to stop “dancing to the tune of the discounters”, according to reports. The Leeds-based firm, which in January 2024 became the first of the UK’s ‘big four’ to offer the scheme, said it wanted to focus on “its own great Asda prices, [...]
London’s women-only members’ club AllBright enters administration January 29, 2025 The female-only Mayfair townhouse operated by women’s collective AllBright is set to close as the company enters administration. The networking and events business, launched by co-chair of the Invest in Women Taskforce Debbie Wosskow and Telegraph Media Group’s chief executive Anna Jones in 2017, will close the doors on the Mayfair club it opened in 2019. “Sadly, [...]
‘Not a second to waste’: City of London calls for action to back up Reeves plans January 29, 2025 The City of London has warned the government there “isn’t a second to waste” in pushing through its growth plans today after the Chancellor Rachel Reeves set out proposals designed to kickstart investment into the economy. In a speech in Oxfordshire, Reeves looked to reset the government’s economic agenda in a speech which committed to [...]
Tesco to cut 400 jobs as it moves to ‘more efficient’ working January 29, 2025 Tesco has announced plans to cut more than 400 jobs in a bid to improve efficiency at the grocer, following in the footsteps of Sainsbury’s, Asda and Morrisons. The supermarket giant said that the “more competitive than ever” market means it must “work hard… to offer our customers unrivalled value”. “This means always being open [...]
Chancellor’s growth plans will create a ‘dynamic economy’ – if they materialise January 29, 2025 The Chancellor's plans to kickstart economic growth will help to create a more "dynamic economy", experts said - if they become a reality.
Chancellor Rachel Reeves ‘won’t apologise’ for reforming UK regulation January 29, 2025 Rachel Reeves has said that she “won’t apologise for wanting to reform how regulation works in Britain” after a major economic speech which saw her back a third runway at Heathrow. The Chancellor unveiled a suite of policies the Treasury said would “kickstart” economic growth, including an “action plan” intended to instil a pro-growth approach [...]
Heathrow: Sadiq Khan ‘remains opposed’ to third runway January 29, 2025 Sadiq Khan has confirmed he “remains opposed” to a third runway at Heathrow Airport, putting him on a collision course with Chancellor Rachel Reeves. The mayor of London responded to Reeves’ announcement of the government’s backing for the UK’s only hub airport to expand its facilities during her economic speech on Wednesday. Khan said: “I [...]
Nick Train: ‘I’m running out of ways to say sorry’ for poor performance January 29, 2025 Star fund manager Nick Train has apologised again for the poor performance of his £1.4bn Finsbury Growth & Income trust. Over the last five years, the trust’s share price has grown only 10.9 per cent, compared to its benchmark’s growth of 26.5 per cent, according to its most recent factsheet. Tracking the FTSE All-Share index, [...]
Reeves confirms backing for Heathrow expansion but refuses to rule out new business taxes January 29, 2025 Rachel Reeves has confirmed the government’s backing for a third runway at Heathrow in a major speech on economic growth. The Chancellor addressed journalists, business leaders and cabinet ministers at Siemens Healthineers in Oxfordshire on Wednesday morning. She said: “Heathrow is at the heart of the UK’s openness as a country, it connects us to [...]
