Bank of England may launch biggest rate hike since 1989 if energy bill support fuels inflation August 26, 2022 The Bank of England may have to launch the biggest rate hike since 1989 if the government injects huge sums of money into the economy to cope with the cost of living crisis, a Wall Street bank said today. Borrowing costs could rise 75 basis points in November to deal with a historic inflation peak [...]
Spring budget: Defence and foreign aid set to miss out on rise as war rages in Ukraine March 21, 2022 Britain’s defence and foreign aid budgets are set to miss out on an increase in the Spring budget, despite Russia’s war in Ukraine putting pressure on the UK’s responsibilities abroad. Chancellor Rishi Sunak sidestepped suggestions the conflict could lead to a rise in cash for defence, pointing to £24bn spent last year. This comes after [...]
Starmer under pressure to punish strike-supporting Labour MPs June 22, 2022 Labour opposition leader Sir Keir Starmer faces a test of authority from his own frontbench after many shadow team members backed the strikes.
Reeves: UK has had a ‘lost decade’ of economic growth under Conservatives January 20, 2022 The UK has had a “lost decade” of economic growth under the Conservatives and the country is heading for another decade of “anaemic growth”, Rachel Reeves has said. Labour’s shadow chancellor used a set-piece speech in Bury today to once again position Labour as an unapologetically pro-business party under Sir Keir Starmer and herself, saying [...]
More strikes incoming: Union to ballot over Royal Mail postman pay row June 21, 2022 The union representing staff at Royal Mail have said they will hold a ballot that could lead to even more strike action over pay, adding to the rail and tube mayhem seen this week.
Rishi Sunak’s Spring statement today: From fuel duty cuts to tax and energy bills March 23, 2022 The time has come for the Chancellor to unveil his spring statement, with the spotlight on how he intends to deal with the cost of living crisis. Rishi Sunak is set to vow to “stand by” British families as he is expected to outline further plans to support households facing financial hardship on Wednesday, which [...]
Meet Liz Truss’s top team: Long-term ally Kwasi Kwarteng to hold UK’s purse strings as Chancellor September 7, 2022 Following yesterday’s Cabinet reshuffle, City A.M. introduces you to some of Liz Truss’s key ministers. Who are they? What has their journey been so far? Also check out the new Home Secretary, Suella Braverman, the new Foreign Secretary, James Cleverly as well as the new Business Secretary, Jacob Rees-Mogg. Britain’s new Chancellor Kwasi Kwarteng has the job [...]
Calls for mandatory levy resurface as industry clamps down on gambling harms and cost of living crunch April 27, 2022 GambleAware has called for a mandatory one per cent levy on post winning earnings from gambling operators as the government heads for industry reform.
Exclusive: Labour takes seven-point lead in new City A.M. poll April 24, 2022 Labour has taken a seven-point lead over the Conservatives in a new poll, with key local elections just weeks away. Forty per cent of people said they would vote for Labour in the next General Election in a BMG Research/City A.M. poll, while the Conservatives polled 33 per cent and the Liberal Democrats eight per [...]
Ed Warner: Has Sport England’s core purpose been forgotten? October 19, 2023 Chris Boardman. Olympic cycling pursuit champion. Tour de France stage winner. Adviser to British Cycling. Head of the government’s Gear Change strategy promoting cycling and walking at Active Travel England. Founder and face of Boardman Bikes, currently owned by Halfords. You may have one in the family, perhaps a balance bike for a toddler or [...]