City A.M.’s Top Five: This week’s best read stories – 10 February February 10, 2023 The concept of the UK’s first official digital currency was something that interested City A.M. readers, while the idea of BA’s pedestal as the world’s favourite airline being kicked over also struck a chord. Just in case you missed them, here are the best read stories on City A.M. this week One: Could the UK [...]
Brexit and Boris supporter Nadine Dorries will quit as an MP at next election February 10, 2023 Former culture secretary Nadine Dorries has announced she is standing down as an MP at the next general election. Ms Dorries, who represents Mid Bedfordshire and has been an MP since 2005, hit out at her party’s decision to remove Boris Johnson as Prime Minister as she used her new TalkTV show to confirm her [...]
If Rishi Sunak wants growth, he needs a trade deal with India February 10, 2023 After doing so much to stabilise the UK economy at the end of last year, the Prime Minister has started to shift gears towards a sustainable path to economic growth. Both Sunak and his chancellor Jeremy Hunt have made our future growth a cornerstone of recent speeches. There is much to applaud in this pivot, [...]
In the scramble for chips, Britain needs to come out on top February 10, 2023 Rishi Sunak wants to put science at the heart of his government, but as the US and the EU scramble to stay on top of the semiconductor supply chain crisis, the UK has a hefty hill to climb, writes Gerard B. Lyons.
The digital pound is right on time to underpin the UK’s transition to a digital economy February 9, 2023 Jannah Patchay reflects on the government announcement that it would 'actively explore' the introduction of a UK CBDC.
How crisis has become the norm for the UK’s small businesses, Tide chief February 9, 2023 Economic crises have rocked the UK’s smaller firms over the past three years – now they’re becoming par for the course, boss of small business banking firm Tide tells City.A.M.’s Charlie Conchie Small business banking has played a strangely starring role in the national drama of the past three years. When Covid first began to [...]
Ignore the re-heated Thatcherism but listen to Truss: we need a growth plan February 9, 2023 Liz Truss has played a blame-game for her failures. But her diagnosis was right - Britain is failing to touch the sides of America's plan for growth. On this front, at least, Rishi Sunak needs to listen, writes Josh Williams.
Brexit: UK Supreme Court rules Northern Ireland Protocol is lawful February 8, 2023 The UK Supreme Court has ruled the Northern Ireland Protocol is lawful, rejecting a legal challenge to the Brexit process. The legality of the contentious trading arrangements has been challenged by a collective of unionists and Brexiteers. Judge Lord Stephens said in his ruling: “The most fundamental rule of UK constitutional law is that Parliament, [...]
Legal & General CEO would like to see UK ‘move more quickly’ on Solvency II reforms February 8, 2023 Insurance giant Legal & General would like to see the UK “move more quickly” in reforming the EU rules that govern Britain’s insurance sector, the head of the FTSE 100 firm’s pensions buyout segment told City A.M. Andrew Kail, chief executive of L&G’s institutional retirement business, called for “clarity” on the UK’s plans to reshape [...]
UK to narrowly avoid recession but cost of living crisis will leave families £4,000 worse off February 8, 2023 The UK is poised to narrowly avoid a recession but the cost of living crisis will still leave average Brits £4,000 worse off this year, fresh forecasts out today reveal. Britain’s economy is set to squeeze out 0.2 per cent of GDP growth in 2023, meaning it will just about swerve a technical reversal, two [...]