UK economy ‘at risk of stagflation’ as growth stalls under Labour Economics Latest official GDP figures show the UK economy has stopped expanding since Labour took power, creating a headache for Keir Starmer after putting growth at the centre of his government’s mission. The economy unexpectedly shrank by 0.1 per cent in October, according to new data from the Office for National Statistics. It missed economists’ expectations [...]
Reeves shakes up state-owned banks in bid to unlock flood of start-up cash Investing Chancellor Rachel Reeves has shaken up the mandate of two state-owned development banks today as part of efforts to divert billions of pounds of investment into high-growth British start-ups.
Gareth Southgate set to speak at Starmer’s flagship investment summit Business 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 [...]
Ex-Google boss to join Starmer at International Investment Summit October 6, 2024 The former boss of Google is set to join Prime Minister Keir Starmer at his inaugural International Investment Summit, aimed at flaunting the UK as “open for business” and primed for investment. Scheduled for 14 October, the event will bring together 300 global business leaders to hear how the government plans to attract future investment [...]
The stakes are high for Starmer’s post-Brexit return to Brussels October 2, 2024 Brexit remains a defining issue, but say it quietly, writes Andrew Hammond as he explores what could come up on Starmer's Brussels trip.
Pay tax on your gifts, top accountancy firm warns politicians amid Labour row September 26, 2024 Politicians should pay tax on gifts in the same way that other industries and individuals do, a leading accountant has said. Currently, firms and workers in sectors where gifting is commonplace and an element of their profession – such as the media industry or online influencers – are made pay to income tax and, in [...]
Starmer arrives at Labour conference with promise to rebuild UK September 21, 2024 Sir Keir Starmer said Labour was “rebuilding our country”, as he arrived at his party’s conference intent on shifting attention away from rows over donations and internal No 10 infighting. The Prime Minister said “change has started” as he arrived at the Liverpool conference centre. But the feel-good factor of Labour’s landslide win in July’s [...]
‘Spoonful of sugar’ to come with Budget medicine, Labour mayor suggests September 21, 2024 A Labour mayor has said he thinks there will be “a spoonful of sugar along with the medicine” in the Budget next month. Steve Rotheram, Mayor of the Liverpool City Region, told the PA news agency he believes economic growth will be delivered “through our combined authorities and through devolution”, but it could be “very [...]
“Older and poorer” – the UK’s future? September 19, 2024 The Health Secretary, Wes Streeting, said last week that the UK risks becoming “a country with an NHS attached.” Coming from a Labour MP this constitutes admirable candour. The problem is, we’re long past that point already. The NHS is by far the biggest employer in the country (over two million people) with a budget [...]
Ditch ‘phony’ fiscal rules and tax ‘unearned wealth’, unions urge Starmer September 9, 2024 Union chiefs launched a broadside at Sir Keir Starmer, describing the Prime Minister’s planned national wealth fund as “a joke,” urging him to tax “unearned wealth” and demanding he “ditch the phony fiscal rules”. Speaking at the Trades Union Congress (TUC) conference on Monday – ahead of Sir Keir’s own address on Tuesday – union [...]