Labour conference: GB Energy to be based in Aberdeen, Keir Starmer confirms September 24, 2024 Labour’s GB Energy company will be “based in Aberdeen”, Sir Keir Starmer has confirmed in a long-awaited move. The Prime Minister announced: “We said GB Energy – our publicly-owned national champion, the vehicle that will drive forward our mission on clean energy – we said it belonged in Scotland. “And it does. But the truth [...]
‘Pension death tax’ on the cards as Reeves looks to raise cash September 24, 2024 Tom Selby, director of public policy at AJ Bell, said many of the possible reforms come with "significant practical and political challenges".
Wealth creators are right to be nervous September 24, 2024 The Chancellor insisted yesterday that the proceeds of economic growth must be “felt by the many,” in a line that echoed the commitment made by David Cameron 15 years ago to “share the proceeds of growth.” Rachel Reeves would not be comfortable with such a comparison, and as if to make that very point she [...]
UK industrial strategy not just ‘smoking chimney stacks’, trade expert says September 23, 2024 The UK’s industrial strategy is not just “smoking chimney stacks”, trade expert Marco Forgione has said.
City analysts ask Rachel Reeves ‘where will the tax axe fall?’ September 23, 2024 City analysts have called on Rachel Reeves to clarify where the “axe will fall” ahead of a Budget widely expected to see taxes hiked. The Chancellor delivered her keynote speech at the Labour Party conference in Liverpool on Monday where she struck a more optimistic economic tone, promising that October 30 would see a “Budget [...]
Labour conference: Reeves and Reynolds to unveil industrial strategy following ‘Budget for investment’ September 23, 2024 Rachel Reeves has announced the government will unveil its long-promised industrial strategy next month, as she vowed to deliver a “Budget for investment”. The Chancellor took an upbeat tone as she stressed that her “optimism for Britain burns brighter than ever”. Ahead of the October 30 Budget, she argued: “Growth is the challenge, and investment [...]
Labour conference: Reeves challenged over consumer ‘fear and foreboding’ September 23, 2024 Rachel Reeves has been challenged over claims the government has “generated a fear and foreboding” among consumers – but insisted she was “optimistic” about the economy. Ahead of her keynote speech to the Labour Party conference in Liverpool today, the Chancellor was challenged on Sky News over last week’s fall in consumer confidence to the [...]
Reeves to strike positive tone in Party Conference speech September 23, 2024 Rachel Reeves is set to promise a Budget that will “rebuild Britain” in a speech at the Labour Party Conference that will claim that the “work of change has only just begun”. In a notably more optimistic tone than Labour has adopted in recent weeks, the Chancellor will vow to deliver a “Britain of opportunity, [...]
Donations a ‘feature of our politics’, Angela Rayner tells BBC amid gifts row September 22, 2024 Donations to MPs are “a feature of our politics”, Angela Rayner has insisted amid a row over Labour politicians accepting gifts and freebies. Prime Minister Sir Keir Starmer had come in for criticism in the past week over accepting more than £100,000-worth of gifts, including tickets to football matches, concerts and luxury clothes. But he, [...]
Singapore’s wealth fund snubs regulated UK utilities amid Thames Water crisis September 22, 2024 Singapore's sovereign wealth fund has reportedly told the government that it will not invest in regulated UK water, electricity and gas utilities due to unpredictable rules on infrastructure, in a blow for Labour's economic strategy.
