CITY AM – Stubbed Out The front page of the London business paper reports on British-American tobacco has taken a £25bn hit on its legacy…
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Labour has enlisted 10 City of London advisers to help the party ditch its “sneering” image, the Financial Times reports.
The Financial Times goes with the resignation of immigration minister Robert Jenrick, saying it scuppered Rishi Sunak’s bid to reunite his party.
The Financial Times leads with Brussels proposing a three-year delay to tariffs that were due to hit electric vehicle sales between the UK and EU.
CITY AM SAYS Jeremy Hunt has denied the UK economy has a “broken leg” but admitted it is suffering from a “sprained ankle.”
The FT leads with the government’s latest migration plan, reporting that ministers want to reduce numbers coming into the country by 300,000 a year.
THE ECONOMIST says for the first time since Vladimir Putin invaded Ukraine on February 24th 2022, he looks as if he could win.
FT says EU leaders risk leaving Ukraine empty-handed at a perilous moment in its war against Russia as divisions over finances threaten a €50bn lifeline.
CITY AM SAYS Soaring rents in London pose a “threat” to the capital’s competitiveness, a number of top business groups have warned, amid fears that young professionals are increasingly being priced out of the capital.
The Financial Times says investors are piling into risky assets amid a growing belief that the Federal Reserve and other central banks are close to winning their long-running battle with inflation.
The Financial Times splashes on allegations made by US federal prosecutors that an Indian government official orchestrated a plot to kill a Sikh separatist activist in New York.
The Financial Times leads on the news that Barclays is considering dropping thousands of clients at its investment bank as part of an overhaul aimed at boosting profits.
The Financial Times leads on reports that Turkey’s continued exports to Russia of vital war goods have caused tensions to flare between Ankara and several of its NATO allies.
CITY AM SAYS Some of the world’s biggest businesses have committed to invest a total of nearly £30bn in Britain.
The agreement at the conference of the parties (cop) to the UN Framework Convention on Climate Change, which took place in Paris in 2015, was somewhat impotent.
The Financial Times splashes on comments from Qatar saying that Hamas must find dozens of hostages if they hope to extend the truce with Israel.
CITY AM SAYS As the dust settles on Jeremy Hunt’s Autumn Statement, it has become increasingly clear that the Chancellor has taken a big bet.
The Financial Times reports on the release of new data from the Office for National Statistics which shows that net immigration hit a record 745,000 last year.
“Tax burden surged despite Hunt cuts,” writes the Financial Times, as it reports that the chancellor has cut business and personal taxes by £20bn in the autumn statement.
CITY AM – Clear As Mud City is ‘paying too much attention’ to inflation data, says bank governor CITY AM SAYS The Bank of England…
Financial Times – Hunt to put £9bn a year tax break for business at core of growth drive
The front page reports 500 employees have threatened to walk as workers also demand the board quit.
The Economist looks at the upcoming year, with a 90-page guide to 2024 and what to look out for – from the rapid progress of AI to important elections globally.
CITY AM – Hunt hints at tax cuts for UK businesses Hunt says his ‘priority is backing British business’ as he hints at tax cuts…
The Financial Times reports that pressure is mounting on the board of OpenAI, the company behind ChatGPT, to reinstate Sam Altman as chief executive.