Labour’s attempt to use AI to power budget cuts is damaging. Here’s why March 26, 2025 The UK government is beginning to introduce AI tools for deep research, framing the technology as a tool to reduce costs and improve efficiency. Bank of England governor Andrew Bailey announced on Tuesday that Rachel Reeves needs AI to ‘move the needle’ on economic growth. Yet, tying AI to Reeves’ budget cuts risks discouraging its [...]
Spring Statement 2025 LIVE March 26, 2025 Chancellor Rachel Reeves has presented her Spring Statement in the House of Commons this afternoon. The headline of the release was the change in the projections by the Office for Budget Responsibility (OBR), which has slashed its growth forecast in half to one per cent as Chancellor Rachel Reeves said she was “not happy” [...]
If the world really has changed, Chancellor, then drop your tax hikes March 26, 2025 Rachel Reeves has one of the most demanding, high profile and exhausting jobs in the country, and so – at the very least – we should forgive her for taking some freebie tickets to a Sabrina Carpenter concert. She’s had very few good weeks since entering office and the least she deserves is a good [...]
Spring Statement 2025: £2.2bn defence and weapons boost, Reeves to unveil March 25, 2025 Rachel Reeves is set to unveil a £2.2bn boost for the UK’s defence spending at the Spring Statement, including cash to kit out Royal Navy ships with laser weapons. The Chancellor vowed to deliver “security and national renewal” but warned “we have to move quickly in a changing world” amid rising uncertainty over future European [...]
Once upon a time, Spring Statement day was fun March 25, 2025 Once upon a time, Spring Statement day was fun. Now, as an early-stage entrepreneur, it just fills me with dread, writes Michael Martins in today's Notebook.
Analysis: Why Reeves faces political pressure over the Spring Statement March 25, 2025 Over the next 24 hours, Rachel Reeves will be putting the finishing touches to Wednesday’s Spring Statement. It marks her second fiscal event as Chancellor, and – despite the promised manifesto commitment of “one major fiscal event a year” – the economic backdrop, and wider political pressure, makes it hard to see the contents of [...]
UK consumer confidence is tanking warns KPMG March 25, 2025 Three in five Brits believe the UK economy is worsening, a new survey by KPMG has shown, as Chancellor Rachel Reeves’ Spring Statement risks failing to lift people’s spirits. Reeves is set to announce policies aimed at economic business confidence at her Spring Statement on Wednesday but a new survey suggests consumers are increasingly downbeat [...]
Heathrow fire ‘not believed suspicious’ but under Met counter-terror probe March 24, 2025 The cause of the fire which shut down Heathrow Airport is “not believed to be suspicious” but is under investigation by the Met Police counter-terrorism squad, a minister has said. Transport secretary Heidi Alexander updated MPs on the “unprecedented” power outage which shut Britain’s busiest airport over the weekend in the House of Commons on [...]
Spring Statement won’t ‘alter basics’, Starmer insists, amid tax cuts reports March 24, 2025 The Spring Statement this week will not “alter the basics” of public spending plans, Sir Keir Starmer has insisted.
Editor’s Interview: Charles Tyrwhitt founder – ‘No point whinging about the government’ March 24, 2025 The founder of Charles Tyrwhitt, Nick Wheeler, has told City PM that there’s “no point whinging about what the government are doing or not doing, because they’re not going to change,” adding “I’ve got to get on and make my own decisions.” His comments came during an interview with City PM in which he lamented [...]
