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Politics
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…
The euro falls to its lowest level in two years against the pound, as EU is still reeling from…
The pound rose to its highest level in nearly two years against the euro today, after populist gains in the EU elections. Also, Emmanuel Macron’s surprise announcement to hold a snap election in France.
The share prices of major European…
Keir Starmer’s rejection of Tata Steel puts Port Talbot in a tizzy as Keir Starmer tries to…
The future of Britain’s largest steelmaker is now in doubt after Sir Keir starmer criticized a controversial government rescue deal.
Tata Steel and Rishi Sunak reached an agreement earlier this year, in which £500,000,000 of state…
UK chancellor: Income tax threshold will be squeezed for six years, until 2028.
Jeremy Hunt confirmed that the income tax threshold freeze of six years, which forces millions to pay higher rates, would last until 2028.
Labour is free to copy the comments of the chancellor on Britain's largest tax increase on incomes…
Ithaca names Eni boss prior to buyout of North Sea Assets
As it approaches the finalization of its deal to purchase the UK assets from the Italian oil company Eni, one of the biggest oil and gas companies operating in the North Sea overhauled the management team.
Luciano Vasques will become…
Tax loophole “hands £4bn in private equity”
Data was obtained that revealed private equity executives received tax breaks worth up to £4 billion as a result of the "carried-interest" rules. Labour intends to eliminate these rules if they win the general elections.
The figures show…
Rachel Reeves: Labour will not return the country to austerity
Rachel Reeves has vowed there will be no "return of austerity" in a Labour-led government, and she ruled out any increases to national insurance or income tax. The shadow chancellor and Keir starmer both wanted lower taxes for working…
The ‘Czech Sphinx,’ who loves dying industries, is now eyeing Royal Mail
The 4,200-acre Profen mine, located 45 minutes southwest of Leipzig in east Germany, stretches to the horizon. The Nazis opened the mine in 1941, forcing hundreds of residents to move from six villages. The mine produces around eight…
Jeremy Hunt is betting on creating a ‘British Microsoft” worth $1tn
Jeremy Hunt said that the UK could create a $1tn domestic tech giant to compete with Microsoft or Google. He dismissed foreign bids on London-listed companies, saying they were "part of capitalism".
The chancellor is leading a regulatory…
More councils to file for bankruptcy as debts double
Councils have increased borrowing to offset funding cuts from Westminster. This has led to warnings about further council bankruptcy.
The research shared before the local elections in the country on Thursday showed the pressures that…
The bosses say that the loss of free VAT shopping is narrow-minded.
Retail bosses warned the government about the impact of its decision to not restore VAT free shopping by foreign tourists on other industries.
The manager of the O2, a venue for entertainment in Southeast London, accused the Treasury of…
Nicola Sturgeon’s husband is charged in SNP Finance Probe
The husband of Scotland’s former First Minister Nicola Sturgeon was charged with embezzlement allegations involving funds belonging to the Scottish National Party.
Peter Murrell was arrested Thursday morning. He had been previously…