Publication
AO World boss blasts Labour over ‘fantasy land’ employment costs
THE boss of AO World has hit out at the government after it shifted hundreds of jobs to South Africa in a bid to dodge soaring employment costs. John Roberts, chief executive of the electrical retailer, claimed the UK’s political class lives “in an...
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AND THEY'RE OFF...
Royal Ascot, the greatest flat racing festival in all of horse racing, is underway and thousands of punters have dressed to impress in Berkshire. Over the course of the spectacle, which features 35 races over five days through to Saturday, over 300,000...
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TOUR DE SQUARE MILE
The Square Mile was transformed into an Olympicstyle time trial cycling circuit at the weekend as Nocturne returned to the City of London. The festival of cycling saw two days of racing around the capital, with XTX Markets winning the City Criterium –...
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SPACE RACE
SPACEX is set to launch the largest retail allocation ever attempted in a megacap IPO as part of its hotly anticipated listing on the Nasdaq tomorrow, with around 30 per cent of shares reserved for retail investors. Bret Johnsen, SpaceX CFO, has said...
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UK MUST NOT ‘STICK HEAD IN SAND’ OVER AI
SIR Keir Starmer has said Britain must not “stick its head in the sand” on artificial intelligence, with the technology set to fundamentally reshape the UK economy. The Prime Minister used his speech at London Tech Week to unveil a major sovereign...
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‘TIPPING POINT’
THE boss of the UK’s most influential business group used a landmark speech to warn that the heavy business tax burden is nudging British firms towards a “tipping point”, directly linking the Labour government’s troubles to cost pressures on firms. At...
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British investors offered a ticket to blockbuster SpaceX IPO
A GROUP of influential City chiefs have thrown their weight behind an industry-wide campaign to tackle “disinformation about London” and promote the capital as an innovative hub for global investment. All four of the financial sector’s largest...
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MINISTER’S DAMNING MESSAGES
ONE of Keir Starmer’s closest allies vented his frustration with Downing Street’s economic policy as he complained to Peter Mandelson about the government’s efforts to fund welfare spending through higher taxes, the latest Mandelson files have...
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Blair is Labour’s last sensible voice
FTER reading Tony Blair’s essay on the state of Britain (and the state of the Labour party) I was struck by the realisation that large parts of it sounded as if they’d come straight out of one of my own columns. Regular readers will know that I’ve...
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BP’S CHAIRMAN FORCED OUT BY BOARD AFTER ALLEGATIONS OF BULLYING AND ‘CONCERNS’ ABOUT HIS CONDUCT
TEMPERATURES may be hitting record highs in the capital but City commuters are unlikely to find relief from the heat underground, after TfL decided to decommission the air conditioning systems at one of its busiest stations. of manner; it was not about...
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TO BE BESIDE THE SEASIDE
AMERICAN tech firm Palantir should challenge Sadiq Khan in court after the London mayor blocked a £50m contract with the Metropolitan Police, former government legal officer Sir Michael Ellis has said. Sir Michael Ellis KC, a former Tory attorney...
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HS2 TO BLOW £33BN HOLE IN REEVES’ PLAN
THE government will need to find as much as £33bn in additional cash from tax and spending measures or from other departments to fund its revamped plans to deliver HS2. According to a City AM analysis, the Department for Transport’s updated proposals...
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‘GOLD-PLATED FOLLY’
HS2 is now poised to cost the taxpayer as much as £102bn and will not run from Euston until at least 2040, according to the transport secretary who blasted the project as a “massively over-specced folly”. Heidi Alexander said the cost of the ill-fated...
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BURNHAM VOWS TO END ‘40 YEARS OF NEOLIBERALISM’ AS HE KICKS OFF CAMPAIGN
LABOUR leadership hopeful Andy Burnham has called for the government to abandon “40 years of neoliberalism” as he promised to reverse privatisation and reduce the cost of energy, rent and transport. In what has widely been interpreted as Burnham’s...
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EAGLE HAS LANDED
Donald Trump was greeted on arrival in Beijing by China’s vice president Han Zheng ahead of two days of high-stakes talks with President Xi Jinping
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