Rishi Sunak’s investment in innovation must challenge our appetite for taking risks January 10, 2023 Rishi Sunak has recommitted to R&D spending, but after the expensive combustion of Bulb, the government must still have an appetite for risk, writes Tris Dyson.
Sunak and Starmer offer little new year cheer on ailing UK growth path January 10, 2023 This brand new weekly column, published every Tuesday, will drill down into the stories behind the numbers to reveal what makes the UK – and global – economy tick. But, today, inspired by what resembled soon-to-broken new year’s resolutions by political leaders last week, it will make the case for why a stable government economic [...]
Sunak’s move to sweet talk Arm into London listing cheered by tech chief January 9, 2023 Rishi Sunak’s move to restart efforts to woo Arm into a London listing have been cheered by a top tech chief today, who said winning the chipmaker’s listing would be “significant vote of confidence in the UK market”. Sunak reportedly met with Arm’s chief Rene Haas last month in a bid to secure London a [...]
Bank of England chief economist Pill admits we ‘underestimated’ inflation surge January 9, 2023 The Bank of England did not understand inflation “well enough” and “underestimated” the strength of the 40-year high price surge, its chief economist admitted in a speech in the US today. Huw Pill said with “the benefit of hindsight,” the central bank’s “own analysis” failed to foresee inflationary pressures magnified by global supply chain pressures [...]
Explainer-in-brief: What’s happening in the Meghan & Harry free zone January 9, 2023 If you started tuning out of the news in mid-December last year, you would have left as Prince Harry and Meghan Markle’s Netflix series dominated the headlines, strikes caused chaos before Christmas and the NHS struggled under the weight of winter pressures. Turning on the radio this morning, little had changed, with the stateside Royal [...]
Sunak is right in taking on the unions, but anti-strike laws are no silver bullet January 9, 2023 Strike action doesn’t have to be very extensive to send British society into fits of frightening folk memories of the 1970s. People murmur knowingly about a winter of discontent coming back to haunt us from the past. Real connoisseurs will recall the Army being brought in, ageing Green Goddess fire engines wheeled out to cover [...]
UK’s cost of living crisis will swipe over £2k from Brits pockets with some groups expected to feel squeeze of recession even more January 9, 2023 The UK is just halfway through a cost of living crisis that will swipe £2,100 year from incomes with living standards remaining at pre Covid levels until at least 2028, a report out today has revealed. The cost of living crisis which, when combined with a tough recession, will leave households worse off than they [...]
Sunak – or Starmer – need to focus on building to get the country back on its feet January 9, 2023 We are merely days into 2023 and attention is already turning to the next general election, which is likely to take place next year. Both Rishi Sunak and Keir Starmer set out their ambitions in their New Year speeches last week. As ever, the commentariat was divided on who delivered the most coherent and convincing [...]
The Notebook: Dogs in the office, Next’s triumph, and the Madoff documentary January 8, 2023 The Notebook is a new addition to City A.M.’s daily offering, giving the City of London’s movers and shakers the chance to let a few things off their chest. In this first edition – it’s our editor, Andy Silvester, penning his thoughts. ONE of the things that fascinated me as a child were ant farms [...]
FTSE 350 firms up spending on ‘carbon offsets’ in race to net zero January 8, 2023 The UK’s top listed companies are increasingly using carbon offsets to achieve their net zero goals, new research shows. The vast majority (96 per cent) of Britain’s FTSE 350 companies have already upped expenditure on carbon credits over the past 24 months, while almost half (47 per cent) intend to increase spending dramatically over the [...]