Nigel Farage Bitcoin firm turns to the public to raise cash – at double the price Markets A Bitcoin business run by former Chancellor Kwasi Kwarteng which counts Nigel Farage as one of its biggest investors has turned to the public to raise cash. Stack BTC, which is listed on London’s Aquis stock market, is seeking to raise as much as £250,000 from retail investors via the issue of fresh shares. But [...]
Kwasi Kwarteng: Labour ‘at risk’ without more tax rises amid bond jitters Economics The government risks being plunged into crisis unless it prepares for another bruising round of tax hikes to cover sharp rises in energy subsidies, former chancellor Kwasi Kwarteng has warned. In an interview with City AM, Kwarteng said taxes could be put up as soon as November if the government pushes ahead with proposals for [...]
Nigel Farage invests in Kwasi Kwarteng-backed Bitcoin treasury business Crypto Nigel Farage has invested in an Aquis-listed Bitcoin treasury business as the Reform leader doubles down on his commitment to cryptocurrencies. Farage has spent £215,000 to acquire a 6.3 per cent stake in Stack BTC, a small-cap company which says it is “focused on building a portfolio of high-quality, cash-generative businesses alongside a Bitcoin treasury,” [...]
Spring Statement 2025: Rachel Reeves’ popularity nears Kwasi Kwarteng levels March 28, 2025 Rachel Reeves’ popularity rating as Chancellor has neared Kwasi Kwarteng levels after the mini-Budget, following the Spring Statement on Wednesday. She set out £14bn in welfare and spending cuts in the House of Commons, including a £4.8bn squeeze on benefits, to restore the £9.9bn headroom she had at the Autumn Budget, which would otherwise have [...]
Liz Truss sends cease and desist letter to Starmer over economy crash claims January 9, 2025 Liz Truss has sent a cease and desist letter to Keir Starmer demanding he stops claiming she crashed the economy. Lawyers acting on behalf of the former Prime Minister wrote that the statement is “false and defamatory”, in a letter to Starmer in which they threatened to pursue legal action if he keeps making the [...]
How the seven Conservative Chancellors since 2010 will be remembered July 2, 2024 City A.M.’s guide to each of the seven Tory chancellors since 2010 and how their policies will be remembered by political history.
What is ‘pro-growth’ chancellor Kwasi Kwarteng’s legacy? February 6, 2024 Kwasi Kwarteng's cataclysmic mini-budget still casts a long shadow from Westminster to Threadneedle Street.
Kwasi Kwarteng: Mini-budget chancellor to quit as an MP February 6, 2024 Kwasi Kwarteng, the chancellor during the infamous Liz Truss mini-budget, is to quit as an MP at the next election. The former Conservative chancellor took to social media to announce he would not stand again, on Tuesday morning. He was appointed as chancellor on 6 September 2022, delivering the mini-budget on 23 September, just days [...]
City A.M.’s Political Quiz of the Year: 2023 December 29, 2023 How well do you remember 2023’s resignations, rows and reshuffles? Put your political knowledge to the test with our quiz.
Lettuce remember: One year on from Liz Truss’ disastrous mini-budget September 22, 2023 One year on from the mini-budget, City A.M. takes a look at the fallout and asks whether Truss still has the ability to influence the Conservative Party going forward.