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Labour party press release More long-term investment is needed in the UK economy Labour will say today as business leaders meet to discuss an independent review on overcoming short-termism in British business. Ed Balls and Chuka Umunna... Continue to article
Chuka Umunna said there was a mutually dependent relationship between business and the public, which could fail if one party did not meet obligations - such as paying tax. "The problem is what we see [companies] do is artificially reduce... Continue to article
Chuku Umunna said the economy was still the main issue concerning voters and praised Labour’s gains in the local elections. “The first thing to say, is just in relation to what’s happened to the UKIP vote… if you actually speak to the vo... Continue to article
Nigel Farage has called for televised debates ahead of the European elections next year during a vigorous discussion of the results of the local elections. Politicians from the Conservatives, Labour, Liberal Democrats and UKIP spoke to C... Continue to article
Chuka Umunna said that the cost of Labour’s proposed cut to VAT would be £12.5bn. “£12.5bn - that is the cost of the VAT measure in the short-term but of course the argument’s always been that in the medium to long term that would increa... Continue to article
Labour party press release Chuka Umunna MP, Labour's Shadow Business Secretary, commenting ahead of the House of Lords debate on the Government's 'shares for rights' scheme, said: "The Tory-led Government's economic plan has comp... Continue to article
Chuka Umunna said the way police stop-and-searches were being carried out in his constituency of Streatham was doing "immense damage to police-community relations amongst a generation" of young people. "Of course we still have huge... Continue to article
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.
Prime minister David Cameron launches the Early Intervention Foundation at Downing Street Business secretary Vince Cable speaks at an Institute of Directors event in London on pay variance (10.00) Foreign secretary William Hague and f... Continue to article
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".
Chuka Umunna argued that the Government and British banks needed to support small businesses to a greater extent. “Well, look, I hope lots of small businesses and entrepreneurs in this country do become millionaires. I mean the problem ... Continue to article
MP Chuka Umunna said the Government's new budget needs to come into force now. "The problem with so many of the measures that we’ve have heard about today is that they don’t kick in until 2015. Our economy needs the big bazooka treatment... Continue to article
Chuka Umunna today’s borrowing figures announced in the Chancellor’s Budget showed “failure on a massive scale”. “I think part of the problem is that we’ve had a sweep of measures, whether it’s on infrastructure and childcare support, wh... Continue to article
Chuka Umunna said although there was cross-party agreement about getting the deficit down, the Government had to get growth going again. "Nobody denies - I don't think there's any disagreement across the House of Commons about the need t... Continue to article
Chuka Umunna said that the proposed Royal Charter on press regulation was about the victims. “Well it’s not an issue about who comes out on top at all, this is about whether we actually provide proper protection to every day people ... Continue to article
Shadow business secretary Chuka Umunna has called for bankers who may have been involved in the Libor rate-rigging scandal to be "put behind bars" in order to restore public trust and "effect a culture change" in the financial sector. Continue to article
Chuka Umunna said Lord Heseltine’s plan to devolve billions of pounds in funding to local authorities was “an approach to be welcomed”. “I think, look, the overall approach of devolving economic power and decision-making down to a local ... Continue to article
Deputy prime minister Nick Clegg delivers a speech on immigration at a Centre Forum event in London (09.50) Business secretary Vince Cable (11.00), environment secretary Owen Paterson (12.00), business minister Michael Fallon (11.45), sh... Continue to article
The economy is in a “dreadfully worrying” state, Chuka Umunna has warned ahead of next week’s Budget. Speaking on Question Time from Cardiff, the Shadow Business Secretary pointed to disappointing manufacturing figures released this week... Continue to article
Labour press release This week Labour is hosting a groundbreaking event at Brixton Market reflecting the way in which business – and the people going into business and starting up their own firms - is changing. The party is seeking to al... Continue to article
15/04/2013 in Labour Party
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.
23/04/2012 in British Business
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.
07/01/2012 in British Business
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".
05/04/2013 in Labour Party
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".
06/02/2012 in Financial Services
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.
14/11/2011 in British Business
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".
22/05/2013 on Daybreak, ITV
22/04/2013 on BBC News
24/03/2013 on Murnaghan, Sky News
Summaries and transcripts from TV and radio
1 hour ago on Week in Westminster, BBC Radio 4
1 hour ago on Week In Westminster, BBC Radio 4
1 hour ago on Week in Westminster, BBC Radio 4