The Capitalist: Brewdog’s Linkedin love-in; Stormzy’s house party; a new City landmark October 31, 2024 Hair dyeing disasters, Brewdog's Linkedin love-in and a Christmas visit for the City: catch up on the latest gossip in The Capitalist.
Budget: Labour grandee warns pension tax hike rumours are ‘very worrying’ October 25, 2024 Rumours over a hike in employer national insurance contributions on pensions in next week’s Budget have been described as “very worrying” by Labour grandee David Blunkett. Blunkett, who served in Tony Blair’s cabinet as home secretary and secretary of state for work and pensions, said he would “advise strongly against” the changes in a letter [...]
Labour is failing the Lonsdale test October 23, 2024 The government should be asking: If Joe Lonsdale were to launch a podcast called British Optimist, what would we need to do in order to make his guests say they were positive about the future of the UK? Says James Price In a crowded field, there is one podcast whose new episodes I both look [...]
Autumn Budget: Which taxes will Rachel Reeves hike? October 22, 2024 With the Autumn Budget set to be delivered in just a few days, speculation about which taxes Chancellor Rachel Reeves will opt to raise has reached fever pitch. On entering No 11 Downing Street, Reeves commissioned the Treasury to conduct a thorough spending audit, which she claimed unearthed a “fiscal black hole” of £22bn, paving [...]
Ministers to speed up energy ‘skills passport’ amid worker shortages October 17, 2024 The energy secretary will speed up oil and gas workers being able to transition to jobs in the renewable energy industry via a “skills passport” as workforce shortages are “hindering” the sector. Energy security and net zero secretary Ed Miliband confirmed his department will “provide project management advice” to Offshore Energies UK (OEUK) and Renewable [...]
Tory leadership: I’ll return us to ‘party of sound money’, Robert Jenrick pledges October 16, 2024 Tory leadership contender Robert Jenrick has pledged to return the Conservatives to “being the party of sound money”, if elected. The former migration minister outlined his economic plans in a speech this morning in which he admitted the Conservatives “abandoned fiscal responsibility in the mini-Budget.” Jenrick told an audience of journalists and MPs at a [...]
FCA to review UK premium finance market amid price hike concerns October 16, 2024 The UK's financial regulator is to review Britain's premium finance market amid worries that consumers who borrow to pay for insurance may not be getting fair or competitive deals.
Bibby Stockholm: Profit rises for asylum seeker barge ahead of closure October 15, 2024 The Bibby Stockholm barge, which houses asylum seekers off the coast of Dorset, continued to turn a profit in 2023, it has been revealed. The three-storey vessel has posted a pre-tax profit of £167,035 for the 12 months, down from the £421,701 it reported for 2022. Newly-filed accounts with Companies House also show its turnover [...]
‘Win or lose you should behave the same’ – Tanni Grey-Thompson on going from the Paralympics to parliament October 15, 2024 Sport and politics are really similar, Baroness Tanni Grey-Thompson tells Michael Hayman in an interview for City AM “The moments I’ve got to bring about change could be few and far between… make the most of the time you have.” A message about the urgency of political transformation. Words that any new government should heed [...]
Government hails £6.3bn ‘vote of confidence’ in UK data centres October 14, 2024 Keir Starmer’s government hailed billions of pounds of investment into UK data centres as a “vote of confidence in Britain” today, as ministers announced scores of deals during the flagship International Investment Summit. US firms Cyrusone, Cloud HQ, Coreweave and Servicenow revealed plans to inject a combined £6.3bn in funding into the UK’s data centre [...]