Jonathan Reynolds in Washington for first in-person trade talks March 18, 2025 Jonathan Reynolds is in Washington DC for the first in-person trade talks under President Donald Trump’s administration. The business and trade secretary is in the US capital today for talks which officials said were aimed at strengthening UK-US ties and to discuss a wider economic deal. Reynolds will meet US commerce secretary Howard Lutnick and [...]
Reeves doubles down on fiscal rules amidst waning headroom March 17, 2025 Rachel Reeves doubled down on her fiscal rules in an interview with Bloomberg TV on Monday, despite speculation that economic conditions have left the chancellor with little or no room for manoeuvre. Following the Autumn Budget, Reeves was left with a £9.9bn buffer to maintain her key rule for day-to-day spending to be funded by [...]
Keir Starmer vows to cut costs for business and ‘unleash’ private sector March 17, 2025 Sir Keir Starmer has vowed to cut costs for businesses and “unleash the power of the private sector” in a bid to deliver economic growth. Writing for Morning Wire the Prime Minister described it as “an outrage” that the government “does not know how much it costs business to comply with the regulations imposed on [...]
Reform UK pledge to stand candidates at all council elections in May March 17, 2025 Reform UK has promised to stand candidates in all the council elections in May. Chairman Zia Yusuf has pledged the party will stand candidates in all council seats at the local elections on May 1. Speaking at a press conference in central London, Yusuf said: “Last May, Reform failed to stand in 88 per cent [...]
I’ll cut regulation and unleash the animal spirits of the private sector March 17, 2025 In an exclusive article for Morning Wire, the Prime Minister says “it is an outrage that government does not know how much it costs business to comply with the regulations imposed on them” and declares that his “will be the first government to baseline these costs” – before slashing them. Last week, I set out [...]
Ukraine peacekeeping plans entering ‘operational phase’, Starmer says March 15, 2025 Planning for a peacekeeping force for Ukraine will move to an “operational phase”, the Prime Minister has said after a meeting of the “coalition of the willing” on Saturday. Sir Keir Starmer said military chiefs would meet in London on Thursday to “put strong and robust plans in place to swing in behind a peace [...]
Ministers must get a grip of broken benefits system, Reeves insists March 15, 2025 Rachel Reeves has doubled down on the need to reform the welfare system, insisting the government must “get a grip” on it amid concerns from Labour MPs about the impact of expected cuts to the budget. The benefits system is “broken” and is “not working for anyone”, the Chancellor said. Backbench Labour MPs have made [...]
Analysis: What do Starmer’s reforms actually mean – and can they work? March 15, 2025 Sir Keir Starmer has announced his reform plans to make the British state more “innovative and effective”. The Prime Minister unveiled a series of new measures on Thursday, including the headline abolition of NHS England – the arms-length body which runs the NHS in England. But Sir Keir also spoke about his broader ambitions to [...]
Ed Miliband in China for climate meetings amid new investment approach March 14, 2025 Energy secretary Ed Miliband is in China for climate meetings in a bid to restart the government’s environmental dialogue with the Asian nation. The energy security and net zero secretary will meet Chinese counterparts Wang Hongzhi and Huang Runqiu to pursue efforts to work jointly to slash emissions, the government said. It marks the first [...]
GDP shrinks in January as UK economy prepares for upcoming tax hikes March 14, 2025 The UK economy underperformed expectations in January. According to the latest set of gross domestic product (GDP) figures published by the Office for National Statistics (ONS), the economy shrank by 0.1 per cent in January as output was dragged down by a sharp drop in output in the production sector. Over the three months to [...]