Spending Review: Reeves leaves London short-changed June 11, 2025 Chancellor Rachel Reeves’ inaugural Spending Review fell short for London, the capital’s business advocacy group has said. Reeves’ announcements on infrastructure, transport and skills were received warmly but BusinessLDN has said the Chancellor had failed to fully deliver, leaving the capital “short-changed”. The Spending Review included a four-year settlement for Transport for London with the [...]
Spending Review: Colossal £25bn for HS2 eclipses other transport pledges June 11, 2025 HS2’s colossal funding package eclipses all other railway investment pledges that Chancellor Rachel Reeves announced in her Spending Review. Reeves pledged £3.5bn investment into the Transpennine route upgrade and £2.5bn for East-West rail as part of the Spending Review. The Chancellor also set out plans to “take forward” the UK’s ambitions for Northern Powerhouse Rail, [...]
Reeves’ Spending Review: Spend now, tax later? June 11, 2025 Cash will be splashed across transport, energy, and healthcare under plans laid out by Chancellor Rachel Reeves in her Spending Review. Reeves described the plans, which will see an extra £190bn in government spending, as “a credible plan for the renewal of Britain.” But Shadow Chancellor Mel Stride warned the spending splurge would spark tax [...]
Spending Review: Reeves piles billions into tech as firms cool on UK June 11, 2025 Chancellor Rachel Reeves bet heavy on tech and innovation in her maiden Spending Review, in a week that saw a trio of tech firms depart from the London Stock Exchange. Reeves hiked research and development funding to a record high of £22.6bn per year by the end of the Spending Review period. She doubled down [...]
Lunchtime tourism: Visit the amazing Postman’s Park June 11, 2025 In our new regular feature Lunchtime Tourism we will bring you a guide to the best hidden spots you can visit in your lunch break Nestled between King William Street and St Martin’s le Grand in the Square Mile is the serene oasis of Postman’s Park. Once global in significance, it is now simply a [...]
End in sight for US-China trade war with ‘framework’ announced in London June 11, 2025 The US and China have agreed on a “framework” by which to implement a trade truce after two days of “marathon negotiations” in London. Details from the framework agreed on Tuesday have yet to be released, but US Commerce Secretary Howard Lutnik said it put “meat on the bones” of the Geneva deal, which lowered [...]
Deutsche Bank HQ crowned as Square Mile’s building of the year June 11, 2025 Deutsche Bank’s “tour de force” headquarters at Moorgate has won the annual City of London Building of the Year Award, unanimously beating the competition. It’s the second time in a row Wilkinson Eyre has won the prestigious award, with judges lauding 21 Moorfield’s architectural and technical complexity. The award’s jury, made up of architects, experts [...]
FTSE 100 flirts with record high but falters once more June 11, 2025 The FTSE 100 once more narrowly missed on a record closing high on Wednesday after faltering in the final moments of the trading session. The UK’s flagship index edged up 0.13 per cent to 8864.35p. This brought it just short of March’s record close of 8871.31p. Housebuilders topped the morning risers with Persimmon and Barratt [...]
Toast the City: London tour guide on his top hidden spots June 11, 2025 The Square Mile is the oldest and most storied part of London – but how much do you really know about it? As part of our first ever Toast the City Awards, we are celebrating the Green Spaces and Hidden Gems that make the City of London the special place it is. And who knows [...]
High Court rules aircraft lenders can recover loss from planes stuck in Russia June 11, 2025 In a substantial blow for insurers, the High Court concluded that 'War Risk' insurers to foot the bill over aircraft lost in Russia