The ship of the state is the only vessel that leaks right from the very top November 7, 2022 In 1947, the Labour chancellor, Hugh Dalton, let slip some details of the Budget to a reporter as he walked into the chamber to deliver his speech and he was forced to resign.
Budget 2021: Sunak pushes back R&D £22bn spending goals by two years October 27, 2021 In today’s budget announcement, Chancellor Rishi Sunak said the government will funnel “unprecedented funding” into innovation, increasing R&D spending to £20bn a year by the end of this parliament in 2024 – but this is down from his previous commitment in March of £22bn per year. Sunak has erred on the side of caution by [...]
Museums struggle to get people through the door with visitors still 50 per cent lower than pre-pandemic February 16, 2022 The number of people visiting museums is still 50 per cent lower than pre-pandemic levels, as iconic sites struggle to get visitors back through the door. According to data from the Department for Digital, Culture, Music and Sport released today, there were a total of five million visits to the DCMS-sponsored museums and galleries between [...]
Train operators given ‘revised mandate’ for latest union talks, Mark Harper says January 15, 2023 Train company bosses will be working with a “revised mandate” which could include a better pay offer as they enter the latest round of talks with unions, the transport secretary has suggested. Mark Harper said train operators have been given his “permission” to make a new offer to the trade unions. The minister claimed he [...]
Labour is a ‘low tax party’, claims senior shadow minster October 14, 2021 Labour is now the UK’s “low tax party” after a series of tax hikes by the government, according to shadow health secretary Jonathan Ashworth. Ashworth said that Rishi Sunak’s They’ve just put up tax, haven’t they, just imposed a tax rise on everybody and yet they don’t seem to have given a fair allocation of [...]
Today’s Budget: Sunak’s dilemma of greater spending vs balancing the books October 27, 2021 Later today, Chancellor, Rishi Sunak will reveal the government’s tax and spending plans in the 2021 Budget. It is widely expected Sunak will focus on support for businesses and individuals in the aftermath of Covid 19. Spreading the wealth around the UK with the government’s ‘levelling up’ promises, as well as its plans for greener energy [...]
Scrimping and saving by culling more transport investment will hurt all of us November 4, 2022 If ministers think HS2 doesn’t work in its current planned form, why not work out a way in which it does, rather than simply abandoning it as a white elephant?
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 [...]
Motorists driving off without paying at pump could cost forecourt operators £100m in 2022 July 22, 2022 A spike in drivers not paying for fuel due to high prices could cost forecourt operators more than £100m in 2022. There has been at 2,054 incidents of drivers refusing to pay at the pump so far this year in the capital, according to a Freedom of Information Request submitted by City A.M., and sent [...]
Dodging the media won’t bode well for a new prime minister looking for unity August 8, 2022 For broadcasters, it has become a familiar phrase: “We approached the government for comment, but no one was available.” Journalists such as Emily Maitlis, Kirsty Wark, Cathy Newman and Jon Snow have all intoned it until it hardly means anything – but it has been a hallmark of the Boris Johnson years. Ministers have, to [...]