A prominent Labour donor has decided to withdraw funding for plans to launch the world’s first all-electric airline, a project aimed at advancing the aviation industry’s sustainability agenda. Dale Vince,
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Rachel Reeves, the Shadow Chancellor, faces growing pressure from Labour MPs to detail a comprehensive plan for overhauling the business rates system. This follows her commitment made during the general
Peter Kyle, the Business Secretary, is considering the introduction of legislation to prohibit non-compete agreements in the United Kingdom. These contracts currently impact approximately five million workers, primarily in sectors
An ambitious initiative is underway as the Labour party readies itself to inject tens of millions of pounds into a pioneering self-driving car firm based in Oxford. This financial commitment
Luxury hotelier Sir Rocco Forte has publicly criticised Labour’s emerging plans to introduce a Venice style tourism tax across England warning of potentially damaging consequences for the hospitality sector. The
Sir Keir Starmer and Rachel Reeves have abandoned plans that would have broken Labour’s manifesto pledge not to increase income tax rates in the forthcoming budget. Senior officials indicated that
Rachel Reeves, the Chancellor, has signalled that her upcoming budget on 26 November may deliver sweeping tax increases, foreshadowing a pivotal moment for the government under mounting financial pressures. Her
Rachel Reeves, the Chancellor, is considering a bold and controversial move that could see Labour breach its 2024 manifesto commitments. Sources inside the Treasury indicate that a 2p rise in
The British government could raise up to £45 billion through moderate tax reforms without breaching Labour’s manifesto promises, according to a new analysis by investment bank Morgan Stanley. With Chancellor
The Labour government is under mounting pressure as it considers approving limited expansions of existing North Sea oil and gas fields. While Labour’s manifesto has pledged a ban on new
The head of the Confederation of British Industry, Rain Newton-Smith, has called on Chancellor Rachel Reeves to reconsider Labour’s pledge not to raise taxes on working people, amidst concerns over
Chancellor Rachel Reeves is facing heightened scrutiny as Britain’s economic growth remains sluggish one year after Labour’s ascent to government. With official figures expected to show that GDP crept up
Labour has signalled a robust approach to late payment practices, with new government measures set to impose severe penalties on firms delaying payments to suppliers. Jonathan Reynolds, the business secretary,
The Labour leadership is facing mounting pressure from backbench MPs demanding extensive reforms to Britain’s gambling regulations. A significant and growing faction of Labour MPs is urging the drafting of
The Labour government has sparked controversy by refusing to rule out the introduction of a wealth tax targeting Britain’s wealthiest individuals, despite strong warnings from tax experts about potential negative
The Labour government faces significant fiscal challenges following a major policy reversal on welfare cuts, leaving Chancellor Rachel Reeves grappling with a £6.25 billion hole in public finances. The dramatic
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