Tory leadership contest: Priti Patel knocked out of race as Robert Jenrick leads field September 4, 2024 Dame Priti Patel has been knocked out of the Tory leadership race to replace Rishi Sunak, as rival Robert Jenrick was revealed to be leading the field. The results of the first ballot of MPs were revealed this afternoon with the former immigration minister emerging as the favourite among Conservative MPs to lead the party. [...]
Services firms benefit from post-election stability and rosy economic outlook September 4, 2024 The survey put activity in the services sector at its fastest pace since April, extending the current period of growth to ten months.
Pension tax relief: Reeves warned of ‘backlash’ – but offers up roadmap for firms September 3, 2024 Chancellor Rachel Reeves has declined to rule out increasing taxes on pensions in the upcoming Budget, sparking fresh warnings over “anti-growth” policies. Speaking in the Commons on Tuesday, Reeves refused to “speculate about what will be in the Budget” when asked to give savers “peace of mind” over rumoured annuity levies. Despite failing to give [...]
Supermarket and McDonald’s bosses to meet ministers over workers’ rights reforms September 2, 2024 Bosses from UK supermarkets and McDonald’s are set to meet government ministers to be updated on plans for new laws around workers rights. Deputy Prime Minister Angela Rayner and business secretary Jonathan Reynolds will join John Lewis CEO Nish Kankiwala; Sainsbury’s CEO Simon Roberts; Claire Costello, chief people and inclusion officer at the Co-Op; and [...]
‘No plans’ to raise council tax but cut to discount not ruled out September 2, 2024 The government has no plans to increase English council taxes, Angela Rayner confirmed, but she declined to say whether she would scrap the single person discount to the bill. The deputy Prime Minister, who is also the secretary of state for housing, communities and local government, said her government “is about making sure working people [...]
Tory leadership race gets underway as Badenoch and Cleverly launch small state campaigns September 2, 2024 The Conservative leadership race was set alight today as frontrunner Kemi Badenoch and rival James Cleverly launched their campaigns, both calling for a “state that does less”. Former business and trade secretary Badenoch argued: “Government should do fewer things but better – and what it does, it should do with brilliance.” While former foreign and [...]
CBI: Roadmap needed as firms struggle amid rising wealth tax rumours August 29, 2024 Publishing a long-term tax roadmap would address the “confidence shortfall” among UK firms, the Confederation for British Industry (CBI) has urged the government, amid swirling rumours of a wealth tax. Businesses are facing “cost pressures” and “middling conditions” and in need of a “major boost to confidence”, the CBI has said, following hints from Sir [...]
City sounds alarm over Starmer’s ‘painful’ Budget warning August 28, 2024 City figures have sounded the alarm over the Prime Minister’s warning of a “painful” Budget this autumn, urging him not to “punish risk takers” and warning against “taxing wealth creators”. Sir Keir Starmer delivered his first major address from the No10 Rose Garden on Tuesday as he cautioned that the state of the public finances [...]
Starmer pledges ‘wealth creation’ – but can his policies deliver it? August 27, 2024 Sir Keir Starmer has cautioned voters his government’s first fiscal statement would be “short-term pain for long-term good”.
Tory leadership race: Who is standing to be leader of the Conservative Party? August 13, 2024 Following Labour’s election victory on July 4, Rishi Sunak announced he would be standing down as leader of the Conservative Party. So, the race is on to find out who the next leader of the opposition will be, chosen by Tory MPs and party members. We’ve rounded up all the contenders, who will be whittled [...]