Autumn Budget 2024: City of London avoids ‘fright night’ tax raid from Rachel Reeves Business While Rachel Reeves’s maiden Budget will hike taxes by £40bn, the City of London has been spared a worst case scenario, writes Elliot Gulliver-Needham. The City has issued a cautious sigh of relief after the Chancellor Rachel Reeves’ Autumn Budget failed to follow through on some of the more radical rumours floated over the past [...]
Nightmare fuel: Have Labour’s first 100 days proved a shaky start? Politics During Liz Truss’ short-lived premiership, my friend confessed the then-Prime Minister was actually living out a recurring nightmare she occasionally had. The ‘plot’ of said nightmare? “The idea that you think yourself capable of something and you get to the top and you’re on the front page of every newspaper, and every news channel and [...]
Liz Truss on Reform, Trump and why she would have outdone Rishi Sunak Politics Former Prime Minister Liz Truss made just one appearance at the Conservative Party conference this year. But the queue to hear her chat to the Telegraph’s Tim Stanley stretched for some distance. Members told CityAM they were eager to hear her views. And if you missed it, we’ve rounded up the most eye-catching things she [...]
Labour’s insistence on talking Britain down will only spur on further decline September 24, 2024 In economics, the "animal spirits" of human emotion matter. So why is Labour determined to talk Britain down, asks Emma Revell.
When it comes to delivering growth, talk is cheap August 29, 2024 Keir Starmer might not have much in common with Liz Truss, but they both put the pursuit of economic growth at the heart of their plan for government.
‘Annoying’: Nancy Pelosi slams Liz Truss for saying ‘world was safer’ under Trump August 14, 2024 Nancy Pelosi has criticised Liz Truss for claiming the “world was safer” under Donald Trump’s presidency, saying the former Prime Minister’s words were “annoying”. Pelosi, the former Speaker of the US House of Representatives, also said Truss, who spent just 50 days in No10, “doesn’t know what she’s talking about, once again”. The former South [...]
Therese Coffey: Former Tory deputy PM applied for Labour Treasury job August 14, 2024 Former Conservative deputy prime minister Therese Coffey reportedly applied for a senior role in the Treasury under Labour. The ex-MP – who lost her Suffolk Coastal seat at the general election among some 200 Tories who failed to secure re-election – put herself forward for the role of UK director at the European Bank for [...]
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 [...]
King’s Speech: Labour to legislate OBR fiscal lock to boost ‘market credibility’ July 17, 2024 Labour will legislate for a fiscal lock to require the OBR to provide an independent assessment of any major tax and spending plans.
City ‘stands ready’ to work with new Labour government on growth July 8, 2024 Business lobby groups and the City of London have said the sector “stands ready” to work with Keir Starmer’s new Labour government on realising growth.