Reeves ramps up pressure on regulators in bid for growth January 16, 2025 Chancellor Rachel Reeves and business secretary Jonathan Reynolds are set to meet with a group of watchdogs today as they kickstart plans to cut red tape from the economy and drive growth through regulation. The chiefs of various regulatory agencies, including Competition and Markets Authority, Ofcom and Ofwat, have been summoned to Downing Street. Officials [...]
Mark Kleinman: Regulators’ D-Day is crucial for Starmer agenda January 16, 2025 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week, he looks at D-Day for regulators, Ebury’s IPO knife-edge and Badenoch’s Reform nightmare Regulators’ D-Day is crucial for Starmer agenda It’s D-Day for Britain’s regulators. Barely three weeks after a dozen economic watchdogs were [...]
Can Italy’s challenger European rugby project win them a World Cup? January 14, 2025 Rugby authorities in Italy have reportedly submitted plans for a new European rugby competition. But can it be viable, and is the World Cup the end goal? The new president of Italy’s rugby federation, Andrea Duodo, caused a little bit of a stir recently when he confirmed that new proposals for a European club rugby [...]
CMA launches probe into Google search dominance under new regime January 14, 2025 Google has been placed under investigation by the Competition and Markets Authority (CMA) to assess whether its search and advertising services deliver fair results within the UK. In a statement today, the watchdog announced the launch of its first “strategic market status designation investigation” under a new Strategic Market Status (SMS) regime, which was rolled [...]
It’s hard to see how City Minister survives the week January 14, 2025 Will Tulip Siddiq still be the City minister by the end of this week? It’s an important question, for a number of reasons. Siddiq’s fate matters a great deal to Keir Starmer and the government, because nobody wants to lose an anti-corruption minister to a corruption scandal. It matters to the wider Labour party because [...]
Industry slams Labour government plans for ticket reform January 11, 2025 Leading industry voices have slammed government plans to change the secondary ticketing market in sport, describing proposals as “draconian”. The government on Friday announced plans to tackle touts and potentially further regulate the secondary market following instances of extreme dynamic pricing relating to the sale of Oasis tickets. Measures could include a cap and a [...]
Government announces post-Oasis ticket resale clampdown January 10, 2025 The government has said it will intervene to tackle ticket touts after a recent wave of frustration around inflated resale prices. As part of the government’s broader Plan for Change, a public consultation has been announced to stop exploitative practices in the ticket resale market and to improve transparency for fans. The announcement comes after [...]
MP seeks referral for Vodafone to covid corruption commissioner January 9, 2025 Tory MP Sir John Hayes has called for Vodafone to be referred to the Covid Corruption Commissioner over allegations listed in a multi-million-pound lawsuit
UK stock funds suffer worst year on record as investors pull nearly £10bn January 8, 2025 UK-focused stock funds suffered their worst year on record last year as investors yanked nearly £10bn from the market, new figures have shown. While equity vehicles globally raked in a record £27.2bn through 2024, UK funds haemorrhaged some £9.6bn in their most sluggish year ever relative to the performance of the wider market, according to [...]
Ahead of the Game: India want rule change to World Test Championship January 8, 2025 India are pushing for an overhaul of the International Cricket Council’s points system for the World Test Championship after missing out on the final for the first time. Australia’s 3-1 Test series win over Rohit Sharma’s side secured their place in the final against South Africa at Lord’s this summer, condemning India to third in [...]