An emboldened – or desperate – new government will look to wealth taxes Economics Wealth taxes are climbing back up the political agenda as the Labour party begins the process of reinventing itself for a post-Starmer era. Wes Streeting thinks he’s found “a wealth tax that works” by hiking capital gains tax while Andy Burnham is flirting with a land value tax that would naturally hit wealthy areas the [...]
You don’t have to be a chav to lead the Labour Party, but it helps! Opinion Rather than a grand battle of big ideas or a serious debate about why this government has blundered so much, Labour’s looming leadership contest looks set to be a depressing competition to see who had the grimmest childhood, laments James Ford Did your dad have a blue-collar job? Did you live in social housing? Did [...]
What does new City minister Rachel Blake have in store for the Square Mile? Politics The Westminster drama has hit the City in more ways than one. After Wes Streeting’s resignation triggered a mini-reshuffle, Felix Armstrong and Samuel Norman take a look at what the new City minister might have in store. In just under two years, the City has its fourth minister. Tulip Siddiq resigned in January 2025 after [...]
Andy Burnham confirms Westminster run as Wes Streeting resigns from government May 14, 2026 Andy Burnham has declared his intention to stand in a by-election after a sitting Labour MP quit to make way for him. The current Mayor of Manchester will seek permission from Labour’s ruling body to stand in the Makerfield constituency after Josh Simons announced he would vacate the seat. In a statement, Burnham said: “Millions [...]
Rayner says she has been cleared by HMRC in fresh Labour leader twist May 14, 2026 Angela Rayner has said she was cleared by HMRC of deliberate wrongdoing or carelessness over her tax affairs, which is set to shake up a divided Labour Party just as Sir Keir Starmer‘s leadership seemed poised to fall apart. Rayner said that she settled a case of unpaid stamp duty and added that she had been [...]
Why do lefties struggle to pay their taxes? May 14, 2026 Zack Polanski is just the latest in a long line of leftwingers to find himself embroiled in a financial scandal, explains James Ford Zack Polanski has been a naughty boy. No, I’m not referring to his recent dressing down by the Commissioner of the Met. Or even to the latest allegations that he has been [...]
JP Morgan chief threatens to pull £3bn investment if Labour becomes ‘hostile to banks’ May 13, 2026 The chief executive of JP Morgan has threatened to pull a major investment from the UK if Labour government policy turns “hostile to banks”. Jamie Dimon – the influential American banker – revealed plans for a £3bn square feet tower in Canary Wharf last year, which is projected to inject as much as £10bn over [...]
Why the battle for Labour’s future could prove to be very expensive May 13, 2026 Amid the farce and drama, spare a thought for His Majesty, who will today sit on the throne in the House of Lords and read out details of Keir Starmer’s legislative agenda for the coming parliamentary term. The monarch may be above politics, but not so far above that he won’t see the absurdity of [...]
Starmer leadership under threat ahead of awkward King’s Speech May 13, 2026 Sir Keir Starmer’s premiership hung by a thread last night as he refused to leave Downing Street despite multiple ministerial resignations and a growing number of backbenchers calling for his removal. In a chaotic day of political warfare and Labour infighting, Starmer resisted being dragged out of Number 10 as he challenged Cabinet ministers and [...]
Life after Starmer: What could a new Labour prime minister mean for your money? May 12, 2026 It could soon be time to face the music for Keir Starmer after dozens of MPs called for the Prime Minister to throw in the towel, which could unleash months of speculation and uncertainty. Leading frontrunners for the top job include the Manchester mayor Andy Burnham, former deputy PM Angela Rayner and health secretary Wes [...]