Net zero levy cuts are just tinkering at the edges June 25, 2025 The Industrial Strategy contains bold ambitions for cutting energy prices. Yet, for all the glossy presentation, the underlying thinking remains the same: a conviction that Whitehall can shape markets more effectively than the market itself, says Emmanuel Igwe We have learned through history that real progress emerges not from the bureaucratic designs of government but [...]
Industrial strategy shows Labour has a long-term plan for growth June 25, 2025 One year into office, the Labour government faces a challenging economic landscape, but its new industrial strategy signals a serious, long-term commitment to addressing the UK’s productivity issues and unlocking economic growth through stronger partnerships with the private sector, says Claire Ainsley Next week will be one year of the Labour government, and it just [...]
Falling wage growth could usher interest rate cuts, Andrew Bailey suggests June 24, 2025 Bank of England Governor Andrew Bailey suggested interest rate cuts would be warranted as pay growth was set to decline in the coming months.
Scrapping al fresco dining in Northcote Rd proves Labour hates fun June 24, 2025 Labour-run Wandsworth council has scrapped a popular pedestrianisation scheme, and Conservatives are fighting back.
Higher tax ‘inevitable’ as PM makes defence spending pledge June 24, 2025 Keir Starmer’s fresh commitment to ramp up defence spending to five per cent as a share of GDP by 2035 will almost certainly have to be funded by more tax hikes, the Institute for Fiscal Studies (IFS)’ Paul Johnson has warned. The government’s pledge to spend 3.5 per cent of GDP on defence and a [...]
Saga shares jump after revealing banking tie-up with Natwest June 24, 2025 Shares in over-50s group Saga rose on Tuesday after the firm revealed it was in “final negotiations” with FTSE 100 juggernaut Natwest for a banking partnership. The London-listed company quickly climbed three per cent in early trading to 176.80p. The firm posted the update ahead of their AGM on Tuesday, confirming it had “agreed heads [...]
Apprenticeships can benefit the City – but only if we choose to use them June 24, 2025 Higher apprenticeships are transforming financial and professional services by offering debt-free, practical pathways into well-paid jobs – yet their full potential remains underutilised, says Robert Halfon When I began my career in Parliament 14 years ago, many viewed apprenticeships as a route into traditional crafts such as manufacturing, construction and electricals. Since then, our understanding [...]
Direct Line bosses out ahead of £3.7bn Aviva deal after bumper bonus revolt June 23, 2025 The chief executive and chief financial officer of Direct Line are to step down when its £3.7bn sale to Aviva is complete, it has been announced. CEO Adam Winslow and CFO Jane Poole will leave their roles when the deal is finalised next month. In a statement, the company said a leadership team for Direct [...]
The City is distracted. Climate crisis inaction will cost us everything June 23, 2025 The City can't afford to make the climate crisis a tomorrow problem, writes City of London Corporation policy chairman Chris Hayward.
British business risks being ‘sleepwalked into disaster’ by workers’ rights bill June 22, 2025 British businesses risk “being sleepwalked into disaster” by ministers’ attempts to change workers’ rights rules, the Conservatives have warned. In an open letter to business leaders across the UK, Shadow Business Secretary Andrew Griffith said he was “genuinely concerned” over the impact of Angela Rayner’s Employment Rights Bill on the economy. The bill, which is [...]