Exclusive: Second Home dodges bankruptcy and eyes US expansion with fresh funding July 26, 2022 Shared office space firm Second Home has scooped a £7.5m funding package to dodge bankruptcy and is now eyeing up expansion in the US, City A.M. can reveal.
King Charles takes part in first Trooping the Colour ceremony as monarch June 17, 2023 The King has received the official birthday wishes of the nation during his first Trooping the Colour ceremony as monarch. Pomp and pageantry were on display during the military spectacle where the most prestigious regiments in the British Army honoured their Colonel in Chief by parading to mark his anniversary. Charles had deputised for Queen [...]
Budget 2020: Chancellor Rishi Sunak to scrap ‘tampon tax’ March 6, 2020 The so-called tampon tax is set to be abolished in next week’s Budget. A zero rate of VAT will apply to women’s sanitary products from the start of next year. The UK has been obliged to pay the EU VAT Directive since 1973 and the tampon tax is currently five per cent. MPs voted against [...]
Exclusive: Support scheme for SMEs post-Covid has hit just 1 per cent of its target March 29, 2022 Rishi Sunak’s scheme to boost the productivity of British small and medium-sized enterprises (SMEs) post-Covid has hit just one per cent of its target since it was launched last July. The government wants 30,000 businesses to complete the Help To Grow management scheme – which offers subsidised business training – however just 402 SMEs have [...]
UK Government borrowing hits £138.4bn, less than half of amount last year March 22, 2022 Government borrowing stood at £13.1bn in February, down by £2.4bn from the same month a year earlier, according to official figures. The Office for National Statistics (ONS) said that despite the fall, this was the second highest February borrowing since monthly records began in 1993 and was still £12.8bn more than in February 2020, before [...]
Pound hits highest level against US dollar since early August and posts best monthly gain since 2020 December 1, 2022 The pound has climbed to its highest level against the US dollar since early August driven by investors betting on slower interest rate rises across the pond. Sterling bounced above $1.22 and was up over 1.2 per cent against the dollar heading into late afternoon trading today. US Federal Reserve chief Jerome Powell last night [...]
‘Brexit is a mistake and London will be damaged’ warns Sir Howard Davies as NatWest chair claims ‘Boris Johnson hates the Treasury May 23, 2022 SIr Howard Davies, the chairman of banking giant NatWest, has called Brexit ‘a significant mistake’ as the City grandee said he is not very optimistic about the future of the UK. In fact, Sir Howard said he is concerned about the long-term impact Brexit will have on the City of London. In an interview with [...]
Sunak must bet big on our semiconductor industry – or we’ll lose out to competition November 2, 2022 Rishi Sunak’s in-tray is overflowing with crises: from the cost of living to supporting Ukraine, from settling the UK’s long-running dispute with the EU about Northern Ireland to the fate of his controversial home secretary. But the prime minister also needs to address long-running issues which his predecessors have neglected. Among these is how to [...]
Tory leadership: Sunak attacks ‘one sided’ trade deals signed by Truss August 1, 2022 Rishi Sunak tonight launched an attack on post-Brexit trade deals signed by Liz Truss as he tried to woo rural Tory members. Sunak labelled the Australia and New Zealand trade deals negotiated by Truss when she was trade secretary as “one sided” during a hustings event in Exeter, while adding that the UK “shouldn’t be [...]
What we learned from Keir Starmer on AI, Boris Johnson and Nicola Sturgeon June 13, 2023 Keir Starmer hit the stage at London Tech Week this morning to mount Labour’s charm offensive on the great and good of London tech. Starmer’s address to the conference followed a major presence from top Tory figures yesterday, with talks from both Rishi Sunak and Jeremy Hunt. Speaking on the main stage in Westminster, the [...]