The government has dramatically overshot its target for public borrowing, with a whopping £10bn black hole in the country's finances.
The deficit - a measure of how much more the government.. City A.M.
A potential exodus of tech startups from London after Brexit could be stemmed by the redtape of relocating and language barriers in other countries as the government ramps up its engagement with.. City A.M.
October 20 -- Britain’s largest banks are pressing Prime Minister Theresa May to lower their taxes as they ramp up efforts to win concessions to protect against the potential impact from Brexit. The.. Source: Bloomberg Global Business -
Oct. 19 -- U.K. Chancellor of the Exchequer Philip Hammond declared that the government has "no plans to change the way the monetary policy committee is delivered or managed in this county." He spoke.. Source: Bloomberg Global Business -
Oct. 19 -- U.K. Chancellor of the Exchequer Philip Hammond discussed preparations for Brexit negotiations with the European Union, saying there hasn't been any decision made on remaining in the customs.. Source: Bloomberg Global Business -
October 18 -- Once an unrivaled center of power within government, the U.K. Treasury is now being sidelined in its push to maintain some access to the single market once the U.K. has left the European.. Source: Bloomberg Global Business -
Britain’s finance minister Philip Hammond is reportedly at odds with his boss Prime Minister Theresa May and some other top government figures over how the UK should leave the European Union.
The.. Source: euronews (in English) -
This week one of our front page stories caused quite a stir in parliament. Wednesday's paper reported on the growing levels of unease in the City regarding the way in which some people in government.. City A.M.
The boss of a leading financial adviser has made a direct appeal to the government to "simplify and stabilise the UK savings system".
Andy Bell, the chief executive of AJ Bell wrote to both.. City A.M.
Mark Garnier, parliamentary under secretary of state for international trade, has today reiterated reassurances from other politicians that the financial services sector is important to government as.. City A.M.
David Davis, the Brexit secretary, said he would not be limiting the "free movement of brain power" and businesses will still be able to recruit talent from overseas after the UK leaves the.. City A.M.
The pound has started the day nervously, after new figures showed consumer spending is starting to slow and attention to turns to central banks in the Eurozone and the US.
Sterling was down 0.2 per.. City A.M.
Hilary Benn has said that he will press the government for a plan to ensure that the UK still has access to the single market for the financial services sector.
The new chair of the Brexit select.. City A.M.
Philip Hammond has insisted the health of London’s financial services will form a crucial part of Britain’s negotiations to leave the EU, after a top Conservative MP challenged the chancellor over.. City A.M.
US bank Citigroup would relocate almost 1,000 jobs outside of the UK if the government is unable to secure passporting for financial services.
The bank, which has 9,000 staff in the UK, has told MPs.. City A.M.
Philip Hammond has distanced himself from previous pre-referendum analysis done by the Treasury which suggested there would be an economic shock if the UK were to leave the EU.
Appearing before the.. City A.M.