As Rishi wades through the cost of living crisis, static growth is waiting in the wings April 6, 2022 The short-term pressures on Rishi Sunak have continued to grow in tandem with the cost of energy and everyday essentials. Conservative MPs are increasingly panicked about being saddled with a label of being “high tax Tories”. But underlying all of this is a much more worrying phenomenon. Since the financial crisis of the late 2000s, [...]
New tax year ushers in more woe for businesses and households April 6, 2022 Today marks the start of what will be yearly increases in tax bills for households across the UK as a raft of hikes, threshold freezes and fiscal tweaks come into effect. The new tax year has been ushered in by the much-lamented 1.25 percentage point national hike, which is forecast to deal a more than [...]
Sunak’s crypto ambitions are simply not ambitious enough April 5, 2022 Crypto AM's Nigel Green argues that the UK can reap economic rewards if the Treasury goes further in its bid to be crypto friendly.
Industry welcomes plans to turn UK into global crypto hub April 4, 2022 The UK's crypto industry has welcomed the Treasury's plans to transform Britain into an international centre for digital assets.
Giving crypto the ministerial seal of approval comes with responsibilities April 4, 2022 As Rishi Sunak is finding out, value can be volatile. Last year he was the odds-on favourite to replace Boris Johnson in Number Ten, popular with Tory party members and (for a Cabinet minister, at least) the public at large. Alas this year, though Sunak has done very little differently, his stock isn’t quite flying [...]
The City View: Consumer confidence dips, and the Treasury aims high April 4, 2022 Today Andy Silvester chats to City A.M. reporters Jack Barnett and Lily Russell-Jones. Jack takes us through the latest consumer confidence data from PWC, as the numbers show the sharpest rate of decline since the financial crisis in 2008, and asks whether this will translate to the job market. Lily discusses Rishi Sunak’s plans to [...]
Rishi Sunak sets out plan to turn UK into ‘global hub’ for crypto April 4, 2022 The Chancellor of the Exchequer has unveiled plans to transform the UK into a global hub for crypto assets.
NFTs to be launched by the Treasury later this year in crypto push April 4, 2022 The Treasury has announced plans to dive into the crypto space with the launch of an official NFT later this year.
Mindset shift may be needed to embrace the riskiest but most rewarding new ideas April 4, 2022 Since the UK’s departure from the European Union, we have not been shy of reviews into the future of the City of London – and how to ensure the Square Mile is the most competitive financial centre in the world. Chief amongst those are the Hill Review into listing rules, and the Kalifa review into [...]
Asda chair hammers government for ‘tin eared’ response to cost of living crisis April 3, 2022 The government has delivered a “tin-eared and slow” response to the UK’s cost of living crisis, according to the chair of Asda. Tory peer Lord Stuart Rose said chancellor Rishi Sunak should put together a new package to ease the pain of soaring costs for households, adding that “the main problem that the government has [...]