Can you complete City AM’s Politics Quiz of the Year 2024? Politics It’s been a busy year for politics in 2024. From elections in the UK and US, Labour’s first Budget in 14 years, farmers protests and more, how well do you remember the twists and turns of the past 12 months? Well, while you’re enjoying a mince pie and glass of Baileys, we’ve put together a [...]
A look back at the highs and lows of politics in 2024 Politics With elections in the UK and US in 2024, a new government, and a fresh opposition leader, watchers of Westminster and elsewhere have had a busy year in politics. At City AM we’ve followed every twist and turn as Labour secured an election victory in July, Donald Trump pulled off a White House comeback and [...]
Reeves promises ‘deeper, more mature’ economic relationship with EU December 9, 2024 Rachel Reeves has pledged to build a “deeper, more mature relationship” with European trading partners in the first speech by a UK chancellor to eurozone finance ministers since 2020. Speaking to the Eurogroup in Brussels on Monday, Reeves also brushed off the suggestion that Britain must choose between closer ties with the US and EU [...]
US likely to fall into recession under Trump, top economist warns December 9, 2024 The US is likely to fall into recession during Donald Trump’s second term if he makes good on his campaign promises, a leading economist has predicted. Paul Mortimer-Lee, a research fellow at the National Institute of Economic and Social Research (NIESR), said growth in the world’s largest economy could slump if the president-elect follows through [...]
OakNorth boss says ‘wealth creators’ leaving UK over tax hikes December 9, 2024 The co-founder and chief executive of challenger bank OakNorth has warned that “wealth creators” are fleeing the UK over tax hikes as he accused the new government of falling short on entrepreneurship. Rishi Khosla, whose start-up bank has lent more than £10bn to businesses since launching in 2015, told City AM that “even when you [...]
Starmer to visit Gulf states as he strives to deepen trade ties December 7, 2024 Keir Starmer will strive to strengthen trade ties with Saudi Arabia and the United Arab Emirates (UAE) in his first trip to the Persian Gulf as prime minister. The PM will meet UAE president Sheikh Mohamed bin Zayed and Saudi Arabia’s crown prince Mohammed bin Salman on Monday, after flying to the Gulf on Sunday [...]
Keir Starmer: £500m Hitachi deal will relieve anxiety of rail workers December 7, 2024 Keir Starmer has said a deal struck by Hitachi which has given a lifeline to hundreds of jobs at a Co Durham train factory will relieve the anxiety of workers.
UK takes down multibillion-dollar Russian crypto laundering network December 4, 2024 The UK’s National Crime Agency (NCA) has smashed a multibillion-dollar Russian money laundering scheme which operated in Britain and had ties to the Kremlin. Investigators said on Wednesday that uncovering the Russian-speaking network, run out of London, Moscow and Dubai, marked the NCAs biggest money laundering case for a decade. The investigation was given the [...]
Trump uses JP Morgan chief Jamie Dimon as ‘informal adviser’ December 1, 2024 Donald Trump has reportedly used JP Morgan Chase boss Jamie Dimon as a “sounding board” for policy ahead of returning to the White House. The Wall Street veteran has been in regular communication with Trump for months, including after his election victory, The New York Post reported. The “no-holds-barred conversations” are said to have centred [...]