The policy aimed to tackle the problem of millions of small workplace pension pots being lost as workers change jobs, with employers instead paying into one portable pension pot which would be taken from one job to the next. The DWP published a call for evidence last November, but the proposal was widely criticized by … Read more
The chancellor made the remarks while speaking Thursday night at her first Mansion House event, where she also outlined reforms to boost the City of London by allowing extra risk in the U.K. financial system, among other policy maneuvers. Donald Trump won the U.S. election in a landslide last week, and has pledged to impose … Read more
Sky News’ deputy political editor Sam Coates and Politico’s Jack Blanchard share their daily guide to the day ahead in politics in under 20 minutes. Jack and Sam go over reaction to Rachel Reeves’s first budget – including questions about how money for the NHS will be used. They also discuss the potential risks for … Read more
Sky News’ deputy political editor Sam Coates and Politico’s Jack Blanchard share their daily guide to the day ahead in politics in under 20 minutes. Today, Chancellor Rachel Reeves delivers the first Labour budget in 15 years. She’s looking to close a £40bn funding gap – with more details on how tax rises will help … Read more
Happy budget day! Labour’s first tax-and-spend statement for 15 years kicks off at 12.30 p.m., as British Chancellor Rachel Reeves unveils a host of “tough choices” and tries to turn around the British economy — not to mention the new government’s dire poll numbers. Follow all the action with the POLITICO team here through Wednesday. … Read more
British travellers are rushing to book Majorca holidays before Wednesday’s looming budget. With the autumn budget just around the corner, Brits are booking flights and holidays to avoid the anticipated increase in Air Passenger Duty (APD). While the specific details of the speech remain unclear, Chancellor Rachel Reeves previously said that “difficult decisions” are necessary to … Read more
Keir Starmer’s official spokesperson told journalists Thursday: “We will continue to challenge China on issues that are in the U.K.’s national interest … whilst also seeking to build a pragmatic and strategic approach with China, looking for areas of cooperation where they exist.” However, Reynolds’ comments on the sidelines of Monday’s international investment summit will … Read more
“Ahead of the International Investment Summit on 14 October, this meeting will provide an opportunity for you, alongside other U.K. business leaders, to hear from Ian about the government’s investment priorities, and for you to share your thoughts and ideas,” the invite read. Murphy and his lobbying firm Arden Strategies are seen as leading power … Read more
LONDON — The first few months of Britain’s fledgling Labour government have not exactly been rainbows and sunshine. Enter *checks notes* Rachel Reeves to try and brighten things up. The famously strait-laced chancellor used her speech to Labour Party conference in Liverpool Monday to try and project government confidence after a damaging few weeks of headlines. Key … Read more
It marks the latest doubling-down from Truss on her free-market agenda — and comes as the Tory Party she once led tries to shrug off a hefty election defeat under her successor Rishi Sunak and pick a new leader. Truss argued that the mini budget, which offered a host of tax cuts and supply-side reforms … Read more
