Slower April wage growth to feed into interest rate cut hopes June 9, 2025 An expected drop in wage growth in April compared to the previous month could encourage Bank of England officials to vote for further interest rate cuts this year, leading analysts have suggested. Labour market data for April, which is due to be published on Tuesday morning, is set to reveal wage growth has cooled while [...]
Voters fear Reeves tax U-turn after Spending Review splash out June 9, 2025 UK voters are worried Chancellor Rachel Reeves will betray Labour manifesto pledges not to hike income tax, a new poll has suggested, as the government looks set to ramp up investment at Wednesday’s spending review. Sir Keir Starmer has declared that the government cannot “tax [its] way to growth” while ministers have said the spending [...]
Spear guns, knuckle dusters and machetes: The ‘prohibited items’ at London Tech Week June 9, 2025 London Tech Week 2025 opened with appearances from Sir Keir Starmer and Nvidia chief Jensen Huang, but attendees got a bigger surprise from a sign at the door outlining “prohibited items” at the event. City AM has seen a list ranging from spear guns and tear gas to knuckle dusters, nun-chucks and machetes, that looked [...]
London Tech Week: Nvidia’s Jensen Huang and Keir Starmer unveil AI push June 9, 2025 Nvidia chief Jensen Huang and Keir Starmer unveiled a major AI push at London Tech Week this morning. The two figureheads have unveiled a range of changes to boost Britain’s AI infrastructure, research and industrial capacity, to help the UK become an “AI maker, not an AI taker.” US chip maker Nvidia, a leading player [...]
Spending Review: Biggest winners and losers in transport and infrastructure June 9, 2025 Rachel Reeves is set to unveil billions of pounds of investment this week in the spending review, as she looks to fend off criticism over recent cuts. This has made transport and infrastructure one of the big winners of Wednesday’s official announcement. Some £15bn has already been earmarked for public transport projects outside London in [...]
Spending review: Rachel Reeves in standoff over police budgets June 9, 2025 Just 48 hours out from the government’s spending review on Wednesday, Rachel Reeves faces a tax and spend tug-of-war between senior Cabinet ministers and the realities of the public finances. Yvette Cooper looks to be the major remaining holdout, with substantial cuts to Home Office funding expected at the spending review and no funding deal [...]
London suffering from UK economic malaise, NatWest data suggests June 9, 2025 Businesses in London saw output decline for the second consecutive month in NatWest’s growth tracker – yet there is some optimism that the capital’s economy could resurge. Firms widely reported Chancellor Reeves’ tax hikes and a rise in energy bills, which kicked into effect in what has been dubbed ‘Awful April’, contributed to a decline [...]
This is what London needs in the spending review June 9, 2025 We need radical action if we’re going to hit the target of building 88,000 homes a year, more powers for the Mayor and improvements to productivity to get London out of the cycle of spending cuts and tax rises, says John Dickie In less than a week, the Chancellor will fire the starting gun on [...]
Zia Yusuf returns to Reform – just two days after quitting June 8, 2025 Zia Yusuf is returning to Reform UK as head of their “UK DOGE” programme. Just two days after the party chairman stepped down, following a dispute with the party over whether they would support the introduction of a burqa ban, Yusuf announced his new role on social media. Yusuf said he reconsidered stepping away from [...]
Tesco shareholders eye returns as ‘awful April’ bill hikes set to hit profit June 8, 2025 Tesco shareholders will be watching closely for signs that it is managing to fend off competition as the supermarket price war heats up and “awful April” bill hikes eat into household income. The UK’s biggest supermarket chain will unveil its financial results for the first three months of its financial year on Thursday. Tesco recently [...]