Fiscal prudence? The iron chancellor doth protest too much July 24, 2024 Rachel Reeves’ decision to expand the powers of the OBR suggests apprehension, not confidence, writes Tim Focas. Rachel Reeves has promised to be an “iron chancellor” embodying fiscal constraint and discipline. Yet, her first legislative move to enhance the powers of the Office for Budget Responsibility (OBR) raises questions about her own confidence in living [...]
Election ploy? Off-peak Friday tube trial was Sadiq Khan’s decision, says TfL July 24, 2024 The trial was branded an "expensive election bribe" by critics of Sadiq Khan after its announcement in the lead up to the Mayoral election.
Labour’s growth push continues with ‘fundamental’ welfare reform promised July 23, 2024 Liz Kendall, the work and pensions secretary, said that her department would become “a genuine department for work” as the new government attempts to tackle the rise in economic inactivity. “DWP has focused almost entirely on the benefits system, and specifically on implementing Universal Credit,” she said in a speech in Barnsley. “Nowhere near enough [...]
Rolls-Royce signs £232m private jets deal July 23, 2024 Rolls-Royce has signed a deal with American private jet carrier JSX worth $300m (£232m) over ten years.
HS2: Cancelling northern leg will cost £100m – and make everything worse July 23, 2024 The total cost of completing High Speed Two (HS2) could reach nearly £60bn, according to the National Audit Office.
Renault’s UK sales pass £2bn but increased costs hit profit July 23, 2024 Sales at the UK arm of car manufacturer Renault accelerated past £2bn in 2023, it has been revealed, despite an industry-wide slowdown, according to newly-filed documents.
Diriyah: The Birthplace Of Saudi Arabia Will Be A Centre of Cultural Excellence July 23, 2024 Diriyah is one of a number of extraordinary giga-projects funded by Saudi Arabia’s Public Investment Fund. Kiran Haslam, Chief Marketing Officer at Diriyah Company, tells Inside Saudi why Diriyah will be a centre of cultural, artistic and entertainment excellence. Could you start by telling us about your role as Chief Marketing Officer at Diriyah Company [...]
Cutting edge tech at the Open: AI digital humans, private 5G, giant screens – and owls July 23, 2024 City A.M. goes behind the scenes at the Open Championship with NTT Data to hear why golf majors work for sponsors — and how owls keep the high-tech digital operation working. Where can you find the best men’s golfers playing against each other? It’s an increasingly relevant puzzle for sponsors, broadcasters and fans of the [...]
Rolls-Royce Motor Cars: Sales accelerate to almost £1bn as global demand grows July 23, 2024 Rolls-Royce Motor Cars saw its revenue accelerate to almost £1bn in 2023 as demand for personalised luxury vehicles continued across the world, it has been revealed.
IQE: ‘Growth ahead’ says boss of Cardiff semiconductor firm as sales expected to jump July 23, 2024 The Cardiff-headquartered company said it expects revenue to be at least £65m in the first six months of the year.