Autumn Budget Live: Wealthy, landlords and pensions hit in £26bn tax raid November 26, 2025 Welcome back to the CityAM liveblog. In a shocking turn of events the UK fiscal watchdog has accidentally released the economic forecasts – intended to be published after the Budget – before the Chancellor even took to the despatch box. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on [...]
Labour has ‘unbelievably harsh stance’ on big businesses November 4, 2025 It is “unbelievable” that the Labour government has “taken such a harsh stance” on big businesses, the chief executive of restaurant chain Pizza Express has said. Speaking on an up-coming episode of CityAM’s Boardroom Uncovered podcast, Paula MacKenzie said the industry had been “somewhat decimated” by the Covid-19 pandemic and has then been hit [...]
Starmer: Reform is an ‘enemy’ of the country September 27, 2025 Sir Keir Starmer has vowed to take the fight to Reform UK, who he described as an “enemy” of the country, ahead of the Labour Party conference this weekend. Chancellor Rachel Reeves has, meanwhile, said she wants to sign an “ambitious” new youth migration scheme with the EU, which she claimed would reduce the need [...]
Carlton Club in the red as it counts the cost of Labour’s victory September 11, 2025 The Conservative Party stronghold, the Carlton Club, has fallen into the red as it counted the cost of Labour’s victory in last year’s general election. The private members’ club, which was the original home of the party, said it lost out on revenue after “functions declined due to the cancellation of political events following political [...]
‘It’s not a fair fight’: HMV boss issues Rachel Reeves Autumn Budget tax demand September 8, 2025 Chancellor Rachel Reeves has been urged to reform business rates in the Autumn Budget by the boss of HMV. Phil Halliday, in an up-coming episode of CityAM‘s Boardroom Uncovered show, said the current system should be altered to make it fairer for UK retailers. The managing director added that businesses such as HMV are [...]
Labour is gambling with Britain’s global competitiveness – ‘real-life Iron Man’ September 8, 2025 A British engineer and chief executive, known as the ‘real-life Iron Man’, has warned the Labour government is “gambling with Britain’s competitiveness on a global stage”. Richard Browning, a former Royal Marine who leads Gravity Industries, has written an open letter to education secretary Bridget Phillipson expressing concern over the “waning entrepreneurial spirit across our [...]
Government takes control of UK’s third-largest steelworks after collapse August 21, 2025 The UK government has taken control of the country’s third-largest steelworks as near 1,500 workers face uncertainty. Speciality Steels UK (SSUK), which owns major sites such as Liberty Steel in Rotherham, South Yorkshire, was put into compulsory liquidation after insolvency courts granted a winding-up order sought by creditors. The creditors said they were owned hundreds [...]
Rachel Reeves to slash environmental protections to boost builders August 18, 2025 Rachel Reeves is looking to take the axe to environmental protections blocking infrastructure projects in a bid to boost Labour’s building pledges. The Chancellor is considering reforms to prevent nature concerns from inhibiting new developments as she desperately looks to supercharge her growth agenda. Labour’s Planning and Infrastructure bill is in the committee stage at [...]
Government pledges to back UK fintech with regulation overhaul July 1, 2025 The government has pledged a regulation shakeup to support UK fintech as it seeks to slash the red tape blocking innovation. Speaking at City Week, technology secretary Peter Kyle said the government’s new Regulatory Innovation Office (RIO) would develop new smart tools to make navigating regulatory procedures “faster, clearer and more accessible”. This will include [...]
Labour to fine tech firms £70k over knife crime content April 25, 2025 Tech firms that fail to swiftly remove knife-crime related content from their platforms could be hit with fines of up to £70,000 under new powers unveiled by the UK government this week. As part of Labour’s upcoming crime and policing bill, platforms and search engines will be legally obliged to take down illegal content- including [...]