<gu-island name="KeyEventsCarousel" priority="feature" deferuntil="visible" props="{"keyEvents":[{"id":"688c74bf8f08fd3663577a31","elements":[{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" Confucius Institutes at universities across England are under threat from new free speech rules, setting off urgent talks between ministers, vice-chancellors and regulators over the fate of the China-backed language and culture centres. ","elementId":"c6dda79c-29bc-4264-81bd-efdf0f1af54e"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" Universities fear that the new regulations imposed by the Office for Students (OfS) this month will cause legal headaches with their Chinese partners, including the government in Beijing, and could lead to some being closed. ","elementId":"98b98d3c-7b85-469a-aa15-ca7d219051d0"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" University leaders claim they have been left in the dark by England’s regulator over whether…
Tag: Rachel Reeves
HSBC boss says Rachel Reeves putting up bank taxes would harm UK growth
The boss of HSBC has joined a growing chorus of bankers cautioning Rachel Reeves against increasing taxes on banks in her autumn budget, warning it risked “eroding” investment and ultimately harming UK growth. Georges Elhedery, its chief executive, said banks in the UK were already subject to the highest level of taxes on profits compared with other sectors, and paid more than in most other countries. He said placing further financial pressures on lenders could spell trouble for the UK economy. “Additional taxation on banks does run the risk of…
Starmer and Reeves try to ride three horses with US, EU and China trade ties
Riding two horses is hard enough, but diplomats are joking in private that Keir Starmer and Rachel Reeves are trying to ride three. At the International Monetary Fund summit in Washington this week, Reeves sought to position the UK as a beacon of free trade that is open to business with the EU, US and China. Riding those three horses is central to the government’s strategy for boosting growth and navigating the international stage at a time when old alliances are being upended and the post-cold war order redrawn. What…
Cutting business ties with China would be ‘foolish’, Reeves says amid reports of US pressure
Rachel Reeves has dismissed the idea of economically disengaging from China, amid concerns the US may put pressure on the UK to limit its deals with Beijing. The chancellor, who will discuss a trade deal with the US on a trip to Washington next week, said it would be “very foolish” for Britain to have less involvement with Xi Jinping’s administration. The Wall Street Journal reported this week that US officials would attempt to use trade deals and tariff discussions to economically isolate China. Keir Starmer spoke to Donald Trump…
Labour plans new taskforce to target contractors linked to hostile nations
Contractors linked to hostile foreign powers such as China will be targeted by a new security taskforce if Labour wins the next general election. In a joint initiative from the shadow home secretary, Yvette Cooper, and the shadow chancellor, Rachel Reeves, the new body will aim to anticipate risks to Britain’s national security. It comes just days after the deputy prime minister, Oliver Dowden, said China represents the “largest state-based threat” to Britain’s economic security. The government intervened in eight attempted takeovers of UK firms by Chinese buyers last year…