UK may need £20bn tax hike to stop spending cuts, think tank says October 12, 2024 Britain’s new Labour government may need to increase taxes by £20bn in its first budget to avoid real-term cuts across public services, the Resolution Foundation said on Saturday. The think tank also said revising budget rules to use an alternative definition of public debt could allow finance minister Rachel Reeves to finance long-term investment while [...]
Tory leadership: End race early so victor can respond to Budget, says Jenrick October 10, 2024 Robert Jenrick has called for the Tory leadership race to end early so that the winner can be in place to respond to Rachel Reeves’ first Budget. The Chancellor will deliver Labour’s first fiscal statement on 30 October, and the leadership hopeful has argued for a speedier end to the race ahead of the major [...]
Treasury chief unveils new infrastructure body after HS2 fiasco October 10, 2024 The National Infrastructure and Service Transformation Authority (NISTA) will bring oversight of UK infrastructure under "one roof."
Mark Kleinman: Will Reeves step back from a Hallowe’en nightmare? October 10, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City AM column.
Can Rachel Reeves get us excited about investing? October 10, 2024 If Rachel Reeves is serious about the need for greater investment, she needs to tell a story about why it’s more important than day-to-day spending, says James Nation When was the last time you heard about Labour’s ‘missions’? What is their overriding governing thought or story? Homing in on a message and then sticking to [...]
The Capitalist: Labour’s boost for wealth advisors and bane for private schools plus friends like Boris’ October 10, 2024 Dispatches from a big night for Boris and Bloomberg, blockchain for gorillas and a giant bronze Mr Blobby: catch up on the latest City gossip in this week’s edition of The Capitalist BORIS UNLEASHED Boris Johnson launched his memoirs on Wednesday night in the grandest room at the lavish Institute of Directors on Pall Mall. The [...]
Gareth Southgate set to speak at Starmer’s flagship investment summit October 9, 2024 Gareth Southgate and the boss of Aviva will be among the headline speakers at the government’s global investment summit next week as Keir Starmer looks to flaunt the country in front of international financiers. In a programme outlining the schedule, sent to attendees this evening, the government said sessions would cover the new government’s “vision [...]
Jenrick and Badenoch to face off in final Tory leadership vote as Cleverly crashes out October 9, 2024 Robert Jenrick and Kemi Badenoch will go head-to-head in the final heat of the Conservative Party leadership contest, after James Cleverly was knocked out in the latest round of voting.
Delays to investment minister appointment ‘totally ridiculous’, says former holder October 9, 2024 The government’s failure to appoint an investment minister nearly 100 days after taking power is “totally ridiculous”, the former holder of the office has said, as ministers scramble to finalise plans for their landmark investment summit next week. The Global Investment Summit, taking place in London on Monday, had been planned this year as a [...]
Keir Starmer refuses to rule out hike to employer national insurance October 9, 2024 “Increasing employer NICs would mean breaking a Labour manifesto promise, and small businesses would be rightfully outraged," Craig Beaumont, executive director at the Federation of Small Businesses (FSB) said.