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Chuka Umunna said the Government’s infrastructure announcements fell flat due to a failure to deliver previous projects. “Investment’s good; of course we want to see investment in infrastructure in all parts of the country, not just Lond... Continue to article
Chuka Umunna said the Government “struggling to play catch-up” with Ed Miliband by announcing cuts to energy bills. “You’ll recall that when Ed Miliband at our conference announced the price freeze which we would institute as soon we got... Continue to article
Chuka Umunna said the Government's sale of the Royal Mail had resulted in a raw deal for taxpayers at the expense of shareholders. “We opposed the sale of Royal Mail for a number of reasons, not least because we felt it was wrong to nati... Continue to article
Chuka Umunna said the Government needed to establish whether or not RBS broke the law by distressing small businesses. "The central allegation in the report is that RBS were systematically [and] artificially distressing businesses with t... Continue to article
Labour press release New research by the House of Commons Library released today shows how much firms in each region would save under Labour’s plans to cut business rates in 2015 and freeze them in 2016. Businesses are facing a tax h... Continue to article
Thank you, Mike. And on a personal note, let me start by saying that - while for many of you this session may feel like just one more in a long line of politicians speaking today - for me this is actually a bit of a milestone. I first at... Continue to article
Chuka Umunna said that Labour's living wage proposal would not transform the economy. "I think, look, we need to transform this economy. Is one policy going to be a panacea? No. But what we have to do is introduce a suite of policies whi... Continue to article
Over in the Press Gallery we hold monthly lunches with a guest speaker to do a turn at the end. We political journalists pay £65 for two (without wine, I should add) and invite an MP or a Peer or other VUC – Very Useful Contact – t... Continue to article
Chuka Umunna said the Government had "serious" questions to answer over the valuation of Royal Mail shares. “It is an easy thing to dismiss those who are raising questions about the value that’s being secured. The important thing now is... Continue to article
Chief Secretary to the Treasury Danny Alexander delivers a speech at the Growing Business Awards in London (18.45) Justice secretary Chris Grayling is expected to make an announcement on measures to help motorists cut the cost of running... Continue to article
Labour Party leader Ed Miliband is expected to announce proposals for a tax on payday loan firms. He is also expected to appoint shadow business minister Stella Creasy to lead a campaign against legal loan sharks Business secretary Vince... Continue to article
Chuka Umunna said the spike in investor activity over the sale of Royal Mail shares suggested the Government had undervalued the price of shares. “I disagree that this is just froth and let me just be absolutely clear: the Opposition an... Continue to article
Chuka Umunna said the Government was acting with "impotence" in the face of rising energy bills. "We know that during their time in Government energy bills have gone up by between £300 and £400. Are you just going to behave with impotenc... Continue to article
Leader of the Opposition and Leader of the Labour Party Ed Miliband MP Shadow Deputy Prime Minister, Party Chair and Shadow Secretary of State for Culture, Media and Sport Harriet Harman MP Shadow Chancellor of the Exchequer Ed Balls MP ... Continue to article
Chuka Umunna called on ministers to put their “egos to one side” and pull back from privatising the Royal Mail. “What this is turning into is a dream and a bonanza for City speculators and hedge funds. Meanwhile the taxpayer, as I’ve sai... Continue to article
Labour party press release Chuka Umunna MP, Labour’s Shadow Business Secretary, has written to Vince Cable to demand answers on warnings that customers, taxpayers and businesses may be significantly short changed from the Royal Mail IPO... Continue to article
Chuka Umunna said it was not too late for the Government to pull the plug on Royal Mail privatisation. "The extraordinary thing about this is the Government is going ahead with this privatisation despite grave concerns among its backben... Continue to article
Chuka Umunna said the Government needed to deal with the issue of supply and demand in the housing market. "The issue is that they are stoking up demand having not dealt with the issue of supply. Why do I say that? We know that house pr... Continue to article
Labour press release Chuka Umunna MP, Labour’s Shadow Business Secretary, responding to the government’s announcement of a share price range for the flotation of Royal Mail, said: “Royal Mail is a cherished national institution with a... Continue to article
Why is the apprenticeships agenda the big success story for the Government? The strong growth in the number of apprenticeships since 2010 is first and foremost crucial for apprentices themselves. Over a million people have had the c... Continue to article
Chuka Umunna hit back at criticism from some business groups of Labour’s plan to reduce business rates by scrapping a planned cut to corporation tax. “We’re not seeking to do any sort of division in the business community. Of course ther... Continue to article
Ed Balls MP, Labour’s Shadow Chancellor, speaking to Labour Party Annual Conference 2013 in Brighton, said: Conference, we meet here in Brighton. With the General Election now just nineteen months away Determined to defeat th... Continue to article
Chuka Umunna MP, Labour's Shadow Secretary of Business, Innovation and Skills, speaking to Labour Party Annual Conference 2013 in Brighton, said: Conference, as I’ve travelled round the country, visiting our town centres, talking... Continue to article
Labour party press release Labour welcomes independent Skills Taskforce report calling on Labour to create more high quality apprenticeships A report by Labour’s independent Skills Taskforce, published today, calls for new rigorous st... Continue to article
Chuka Umunna warned the Government’s Help to Buy scheme could result in another house price boom. “I think that it’s good that the stalled recovery appears to have come back to life, but let’s get this in perspective – we’ve had three wa... Continue to article
Prime minister David Cameron meets with the NATO secretary general Anders Fogh Rasmussen and New Zealand prime minister John Key Leader of the Liberal Democrats Nick Clegg (14.50) and Scottish secretary Michael Moore (10.30) speak at the... Continue to article
Both Labour and the Conservatives have claimed that their respective stances on military action against Syria helped bring about the diplomatic process currently taking place. With a Russian-brokered initiative that would see Assad hand... Continue to article
Chuka Umunna claimed the privatisation of Royal Mail could yet be scuppered. "Let’s be clear, it’s not clear right now that this privatisation is going to be able to proceed as the Government would hope, not least because of course, we’v... Continue to article
Labour press release Chuka Umunna MP, Labour’s Shadow Business Secretary, responding to Vince Cable’s speech warning of the “dangers” of “complacency generated by a few quarters of good economic data”, said: “This is an embarrassing sla... Continue to article
Chuka Umunna said Ed Miliband's trade union reforms were aimed at solving a broader crisis of faith in political parties. "What other parties have managed to do that? The point is we’ve got a crisis of politics across the Western world, ... Continue to article
Chuka Umunna admitted reforming Labour's union links would lose the party money. "I think undoubtedly it is going to, we’re going to take a hit in terms of our finances. We will see [how much], but that doesn’t mean that it isn’t the rig... 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.
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.
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".
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".
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.
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".
04/12/2013 on Daybreak, ITV1
01/12/2013 on Murnaghan, Sky News
27/11/2013 on BBC News
25/11/2013 on Daily Politics, BBC Two
03/11/2013 on Pienaar's Politics, BBC Radio 5Live
24/10/2013 on Sky News
Summaries and transcripts from TV and radio
3 hours ago on Newsnight, BBC Two
4 hours ago on The World Tonight, BBC Radio 4
04/12/2013 on Channel 4 News
3 hours ago