IR35: Business groups urge Rishi Sunak to suspend rollout February 17, 2020 Employment groups have urged the new chancellor Rishi Sunak to suspend the IR35 new tax regulations for self-employed workers or risk damaging the economy. According to industry bodies, the changes, which are due to come into effect in April, will lead to a third of self-employed contractors stopping freelancing over non-compliance fears. Andy Chamberlain, deputy [...]
Open banking success has cracked the code for more tech innovation in the UK January 15, 2023 The benefits of new technologies can seem hidden at first - but innovation always brings growth. Open banking is a great example on which the government is basing its strategy, writes Andrew Griffith
Chancellor to tighten belt despite tax windfall October 21, 2021 Despite the Chancellor receiving a windfall from the government’s fiscal watchdog raising its forecasts for the economy, he will not use the extra wriggle room renege on tax hikes at next week’s budget. The Office for Budget Responsibility (OBR) will upgrade its forecasts for UK economic growth to around seven per cent next Wednesday, up [...]
May 2023 local elections: All you need to know April 4, 2023 In just over a month, voters in some parts of the UK will be heading to the ballot box for the local elections. Polling stations will open for residents to select local councillors – in what’s often seen as a key test for the government’s popularity, particularly after the turbulence of recent months. It’s also [...]
Editorial: Crisis? What crisis? Sunak and his party would be wise to avoid complacency October 5, 2021 The year is 1979, and rubbish bags are piling up in Leicester Square. Lorry drivers are striking leading to queues at fuel pumps, and Brits are panic-buying bread. Prime Minister Jim Callaghan returns to Britain from a conference in Guadeloupe and declares airily that “I don’t think other people in the world would share the [...]
Treasury behaved “entirely appropriately” in Greensill scandal, says Sunak September 24, 2021 Rishi Sunak has insisted the Treasury acted “entirely appropriately” in its handling of David Cameron’s Greensill lobbying efforts. The Chancellor hit back at a Treasury Committee report which called for lobbying rules to be tightened and suggested Greensill may have been treated differently as a result of Mr Cameron’s influence. The politically connected finance firm [...]
Mark Kleinman: Is it a Labour of love for British business? November 23, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Brits’ take home pay still falling rapidly despite record wage rises January 17, 2023 Brits are suffering one of the sharpest hits to their take home pay despite businesses handing workers bumper pay prices, official figures out today reveal. Real pay tumbled 2.6 per cent over the three months to November, among the steepest drops seen outside the Covid-19 crisis, according to the Office for National Statistics (ONS). The [...]
Bank of England hikes interest rates for twelfth time in a row and warns of ‘significant’ inflation risk May 11, 2023 The Bank of England today hiked interest for the twelfth time in a row and to their highest level since October 2008, but warned inflation will stay higher for longer than it previously thought. The monetary policy committee (MPC) – the nine-member group tasked with setting interest rates in the UK – voted 7-2 in [...]
Brexit: City minister says UK changes to EU financial services rules is not ‘race to the bottom’ June 30, 2022 The UK’s changes to the EU’s catalogue of financial services rules will not become a “race to the bottom”, City minister John Glen has vowed. Glen today said the government had “an unshakeable abiding interest in a prosperous Europe” and that “it is time to put to bed” the notion that the EU will have [...]