|
|
05.07.25 - 23:54
|
′A mess of our own making′: Labour mayors reflect on Starmer′s first year (The Guardian)
|
|
Steve Rotheram and Tracy Brabin urge PM to listen more, with one saying his government is 'disjointed' from the rest of LabourKeir Starmer's government appears “disjointed” from the rest of the Labour party just a year after taking power, regional mayors have said, with one blaming No 10 for overseeing “a mess of our own making”.Steve Rotheram, the Labour mayor of Liverpool city region, said Downing Street's repeated missteps were “winding up” people who wanted to back the government. Continue reading......
|
|
|
|
04.07.25 - 16:48
|
Rachel Reeves needs wider headroom against fiscal rules, ex-Bank of England deputy says (The Guardian)
|
|
Charlie Bean says slim margin of £10bn means chancellor 'has to neurotically fine-tune taxes to control OBR forecast'Business live – latest updatesThe former Bank of England deputy governor Charlie Bean has urged Rachel Reeves to create much wider headroom against her fiscal rules – a decision likely to require significant tax rises or spending cuts.Bean suggested that the current slim margin of less than £10bn, had led the chancellor to “fine-tune” the government's tax and spending plans to meet the Office for Budget Responsibility's (OBR) forecasts five years ahead. Continue reading......
|
|
|
|
04.07.25 - 15:18
|
A year in, Starmer′s reno of the UK is going brilliantly. If you don′t count the walls falling down | Marina Hyde (The Guardian)
|
|
Nothing says you've lifted the mood of the nation like having to haul your chancellor to a photocall at a 'wellbeing centre'Well, British politics has served up another week of compellingly packaged action. Like Drive to Survive, but for clown cars. Leave it to “no-drama Starmer” to come up with the only thing weirder and more awful than watching the chancellor of the exchequer sob on the frontbench – wheeling her out a mere 22-and-a-half hours later for an unscheduled appearance at a wellbeing centre(!), where Rachel Reeves had to get her happy face on and pose for selfies.The whole thing gave Keir Starmer the feel of one of those remorseless boyband managers who reacts to one of their young charges having a breakdown by getting them a special injection and shoving them straight back out on stage the next night. I think you can probably do it with a member of Take That or 5ive or whoever, and only run the risk of them turning on you in a documentary decades later. But is it a vibe you want at th...
|
|
04.07.25 - 12:24
|
Minister demands overhaul of UK′s leading AI institute (The Guardian)
|
|
Peter Kyle calls for greater focus on defence and national security, and new leadership at Alan Turing InstituteThe technology secretary has demanded an overhaul of the UK's leading artificial intelligence institute in a wide-ranging letter that calls for a switch in focus to defence and national security, as well as leadership changes.Peter Kyle said it was clear further action was needed to ensure the government-backed Alan Turing Institute met its full potential. Continue reading......
|
|
|
|
04.07.25 - 11:31
|
Großbritannien: Inflation rückläufig, aber weiterhin zu hoch (Anleihencheck)
|
|
Bonn (www.anleihencheck.de) - Erstmals seit einem halben Jahr schrumpfte die UK-Wirtschaft im April, so die Analysten von Postbank Research.
Der Rückgang sei mit 0,3 Prozent zum Vormonat zudem deutlicher als erwartet (minus 0,1 Prozent) ausgefallen. Nach einem schwachen Vormonat habe sich der sequenzielle Abwärtstrend in der britischen Industrie auch im April fortgesetzt - mit überdurchschnittlichen Produktionseinbußen in der Fertigung. [mehr]...
|
|
|
04.07.25 - 08:48
|
Trump celebrates tax bill passing, UK electric car sales rise – business live (The Guardian)
|
|
Rolling coverage of the latest economic and financial news, as Trump celebrates the passage of his flagship tax and spending billMeanwhile in the UK, British electric car sales rose by a third in the first half of 2025 after the strongest June for overall car sales since before the Covid pandemic.The number of battery electric car sales rose 34.6% to 224,838 units in the first six months of the year, according to preliminary data from the Society of Motor Manufacturers and Traders (SMMT), a lobby group.There could be no better birthday present for America than the phenomenal victory we achieved just hours ago, when Congress passed the “One Big Beautiful Bill” to make America great again…one-hundred-and-sixty-five days into the Trump administration, America is on a winning streak like, frankly, nobody has ever seen before in the history of the presidency.” Continue reading......
|
|
04.07.25 - 07:24
|
UK government ′closely watching′ £120m legal claim against Vodafone (The Guardian)
|
|
Ministers raise prospect of regulatory crackdown on sector over court case brought by 62 franchise operatorsMinisters are closely watching a court case in which Vodafone is alleged to have “unjustly enriched” itself at the expense of franchise operators, and have raised the prospect of a regulatory crackdown on the sector.The small business minister, Gareth Thomas, has said he will “track very carefully” a £120m legal claim brought against Vodafone last year by a group of 62 of about 150 franchise operators. Continue reading......
|
|
03.07.25 - 18:12
|
UK government bond markets rally after Starmer backs Reeves (The Guardian)
|
|
Bond yields fall, reversing a sharp rise on Wednesday sparked by speculation over the future of the chancellor• Business live – latest updatesUK government bonds have rallied after Keir Starmer backed Rachel Reeves to remain as chancellor for “a very long time” despite lingering investor concerns over a multibillion-pound hole in Britain's public finances.The yield – in effect the interest rate – on 10-year British government bonds, also known as gilts, fell on Thursday morning to trade close to 4.5%, reversing much of the rise on Wednesday sparked by feverish speculation over Reeves's future. Continue reading......
|
|
|
|
03.07.25 - 13:54
|
Pound Rises As U.K. Political Turmoil Slide (AFX)
|
|
BRUSSELS (dpa-AFX) - The British pound strengthened against other major currencies in the European session on Thursday, after plans to reduce welfare expenditures were abandoned by the government.......
|
|
03.07.25 - 12:48
|
Trump Tax Bill Clears Critical Hurdle in House, Starmer Backs Reeves | The Opening Trade 07/03 (Bloomberg)
|
|
House Republicans overcame a critical procedural hurdle to advance President Donald Trump's massive tax and spending package early Thursday, holding a key vote open for hours past midnight as the president and his allies worked to win them over. The House finally voted 219-213 to essentially move toward a final vote on Trump's “big beautiful bill”.
UK markets rebounded from a sharp selloff and the pound was slightly higher as Prime Minister Keir Starmer sought to calm speculation about a possible exit by Chancellor of the Exchequer Rachel Reeves by saying she will stay in the role for many years to come.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)...
|
|