A Budget for stability must mean less is more Opinion As it prepares for its first Budget, it’s critical the government considers something important but quite dull: practicality If you’d attended the government’s International Investment Summit last week and your bingo card had the words ‘regulation’, ‘stability’ and ‘growth’ on it, you’d have been over the moon. Yes, both the Prime Minister and Chancellor were [...]
Prepare to flee London’s AIM if Reeves mounts inheritance tax raid, bank warns Markets Companies listed on London’s junior AIM market are being told to prepare to flee the exchange or announce emergency share buybacks amid fears that a punishing inheritance tax raid could trigger a sell-off, City AM has learned. In a letter seen by City AM, one investment bank has urged all of its AIM-listed clients to [...]
City minister battles for UK to issue blockchain gilts Investing City minister Tulip Siddiq is pushing for the UK to begin issuing gilts on the blockchain, despite resistance from other areas of the government. ‘Digital gilts’ would be a government bond issued and traded using blockchain technology, and Siddiq has been fighting for the prospect to modernise the UK financial system. “The underlying asset would [...]
London Stock Exchange boss warns AIM is under threat of collapse September 23, 2024 London’s junior market AIM is under threat of collapse from potential plans to hike taxes on its shares in next month’s budget, the chief of the London Stock Exchange has warned the government. In a letter to City minister Tulip Siddiq, LSE boss Dame Julia Hoggett said that the “ongoing viability” of AIM would be [...]
Banks’ fraud loss coverage reportedly to drop to £85,000 after industry backlash September 3, 2024 The maximum fraud losses banks are obliged to cover is set to drop to £85,000, down from a planned £415,000, according to a report.
Nobody could have known how bad the economy was, but we will fix it July 30, 2024 City A.M. readers deserve a government that offers a realistic plan to seize growth, support the City to flourish and make every part of the country better off, says Tulip Siddiq We were elected on a mandate to deliver change. That means being honest with the public about the scale of the challenge in front [...]
Labour’s big challenge will be separating style from substance July 17, 2024 Rachel Reeves said that one day in government is better than a lifetime in opposition. Let’s hope Labour don’t flunk their first real test.
City minister Tulip Siddiq: Fixing the foundations of our economy is ‘now a national mission’ July 16, 2024 In her first words to a business newspaper in this role, Tulip Siddiq tells the Square Mile she is committed to growth of financial services.
Who’s who in Labour’s new look Treasury and business teams? July 11, 2024 Post-election and cabinet appointments, we’ve rounded up who's who in the government's new-look Treasury and business top teams.
City ‘stands ready’ to work with new Labour government on growth July 8, 2024 Business lobby groups and the City of London have said the sector “stands ready” to work with Keir Starmer’s new Labour government on realising growth.