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Chuka Umunna MP

Shadow Business Secretary

Green Box: Chuka UmunnaClick to open

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Stories involving Chuka Umunna

Tories accused of Umunna spin

The Tories have been accused of "sleaze politics" after it emerged they lobbied nightclub owners to attack Labour’s Chuka Umunna. The Shadow Business Secretary had faced criticism over negative comments made about London’s nightclubs.


Labour call for exec pay disclosure

Labour has called for fuller disclosure on how fund managers vote on executive pay, as public anger over directors' high salaries mounts ahead of the annual general meetings of the UK's top companies. The party is proposing an amendment to bring into force powers contained in the 2006 Companies Act. "Making fund managers disclose how they vote on issues will mean the pensioner or the ordinary investor will be in a better position to access information on how votes are cast in their name on matters such as executive pay," Shadow Business Secretary Chuka Umunna said in a statement.


Cam's pay clampdown

David Cameron will tomorrow announce plans to let company shareholders block excessive executive pay.

Speaking to the Sunday Telegraph, the Prime Minister says: "Let's empower the shareholders by having a straight, shareholder voter on top paid packages."

The proposal marks the latest in a series of measures targeting the highest paid. Mr Cameron had hinted at the move on Friday, telling BBC Radio 4's Today programme that the bonus culture was "completely out of whack".

Mr Cameron and Nick Clegg both said the Government was looking at a new general rule to stop wealthy individuals and large companies from avoiding tax.

Labour's Chuka Umunna earlier joined calls for "more responsible, better capitalism", including curbs on high remuneration.

The Shadow Business Secretary told the Today programme that the high levels of pay were "symptomatic of the kind of capitalism that has grown up in the country over the last 30 years", but added that he was not opposed to people being rewarded for "taking risks and creating jobs".


Umunna sorry for 'trash' comment

Shadow Business Secretary Chuka Umunna has apologised for labelling London clubbers as "trash".

The remarks, which were made on an exclusive social networking site in 2006 have been criticised by MPs.

A spokesman for Mr Umunna admitted the comments were "not appropriate" but noted they were made "long before he became an MP".


Umunna urges PM to hold firm

David Cameron has been urged by Labour to stick to his tough stance on bankers' bonuses. The Shadow Business Secretary Chuka Umunna told the Financial Times the Prime Minister should not give in to demands to change course from Tory backers. Mr Umunna argued it was "unbelievably absurd" to label those who wanted to reform finance as anti-business.


Umunna: Rules rigged against firms

Business rules are "rigged" in a way that discourages firms from making long-term investments in key economic areas, Chuka Umunna has said today. At a speech in London today, the Shadow Business Secretary also highlighted new figures showing a 15% reduction in science funding. Mr Umunna said: "The Government is out of touch with British business and is making the wrong choices for the economy in the short term as well as the wrong choices in the long term for Britain’s future".