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Politics
Reeves says Hunt lied ‘knowingly’ and ‘deliberately’ about his finances.
Rachel Reeves accused Jeremy Hunt on Monday of lying about the condition of the public finances. This escalated a dispute with the Conservatives, who claimed that they had left a £22bn deficit.
The chancellor said that her predecessor…
Boardrooms gearing up for growth
After Labour's overwhelming victory in the general election this month, optimism among senior executives of some of Britain's largest businesses has increased.
According to Deloitte’s latest survey, chief financial officers are more…
The biggest barrier to US companies investing in Britain is tax fears
According to a BritishAmerican Business trade association, tax has surpassed political stability as the number one reason US companies cite for not wanting to invest in the UK.
The index showed that the overall US investor sentiment…
Babcock’s loss on Navy contract almost doubles to £190m
Babcock has suffered losses that nearly doubled, to £190million, on its attempt to build cheap warships in Britain.
Five Type 31 frigates that were supposed to cost £1.25bn are the latest in an ongoing series of Ministry of Defence…
Retirees could save up to £11000 if pension schemes are restructured
A shake-up that aims to increase the average pensioner's savings by £11,000 could benefit the more than 15,000,000 people in the UK who contribute to workplace pension schemes.
The king announced a package of measures in his speech on…
Rachel Reeves gets a boost as the UK’s growth forecast is upgraded
The International Monetary Fund upgraded its growth forecasts for the UK's economy in this year. This is a major boost to the Labour Government, just weeks after the General Election.
The Washington-based fund stated that the UK is on…
The far-left suspends talks, causing a tremor in France’s leftist coalition
The alliance of far-left parties that won the majority of seats in the French parliamentary elections on Monday suspended all talks with their partners, throwing the efforts by the left to capitalize on its win into chaos.
The newly…
Keir starmer starts tour of UK nations in order to’reset relations’
Sir Keir started a tour in Scotland, Wales, and Northern Ireland, and Britain's newly appointed prime minister promised to "reset the relations" between Westminster and UK's nation.
In this week's election, Labour secured a majority of…
The number of UK income tax filers has risen by 4.4m over the past three years as a result of…
Official data shows that the number of people forced to pay income tax in Britain has risen by an estimated 4,4 million in just three years due to the government's freezing of thresholds. This statistic is likely re-ignite the tax debate in…
Labour will seek to’stabilise position’ with Europe, rather than reopen Brexit…
Shadow business secretary said that Labour would prefer stability in the UK-Europe relationship than to try and accelerate economic growth through joining the EU's customs union or single market.
Jonathan Reynolds, speaking at the…
Labour: Thames Water not in line for Nationalisation
Labour would oppose renationalising Thames Water. The utility company is in trouble and has a very uncertain future.
Jonathan Reynolds, shadow secretary for business and trade, said that "people shouldn't expect the government to bail…
Investors say that Labour could borrow up to £100 billion more without causing a backlash on the UK…
Fund managers say that a new Labour government can raise additional money from the bond market for investments without creating a Liz Truss style gilts crisis.
If Labour wins the 4th of July election, the Shadow Chancellor Rachel Reeves…
Sir Jim Ratcliffe, co-owner of Man Utd, backs Labour
Sir Jim Ratcliffe backed Labour for the next government. He said that voters had "had enough" with Rishi Sunak’s policies.
The billionaire coowner of Manchester United who controls a minor stake in the club via his chemicals empire Ineos…
Why UK private equity firms are ‘encouraged by Labour’s signal on tax crackdown
The UK private equity industry hailed Rachel Reeves, shadow chancellor's suggestion to continue to offer favourable tax treatment for buyout executives investing in their funds as "encouraging".
Labour has promised to raise £565mn per…
Farage unveils Reform UK’s £140bn commitments that economists claim ‘does not add up’
Nigel Farage's Reform UK manifesto, which he released on Tuesday, contained a number of populist promises and massive tax cuts. It also included £140bn worth of spending commitments. Economists said that the numbers "did not add up".
The…
If Labour wins the election, Rachel Reeves will seek to ‘improve’ UK-EU trading terms
If Labour wins the election, Rachel Reeves will try to remove EU trade barriers through an early investment summit and secure billions in pounds.
In an interview with Reeves , the outlined a bold plan to revisit some of Boris Johnson’s…
Starmer rejects Sadiq Kan’s plan to expand his control beyond London
Sadiq Khan has been rejected by Labour for his bid to take control of commuter rail routes outside London.
In its manifesto, published on Thursday by Sir Keir's opposition, the opposition ruled out further expansion of Transport for…
Rachel Reeves warns Bank of England against changing the way it pays interest on reserve funds
Rachel Reeves, the shadow chancellor of England, has warned of "the dangers" of changing the way the Bank of England pays commercial lenders interest on their deposits. She has thrown cold water on a proposal that some economists had said…