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An independent Scotland would not be able to support its banks if they got into trouble, the Business Secretary has warned. After Lloyds and RBS both confirmed they were drawing up contingency plans to move their headquarters to London i... Continue to article
Chuka Umunna and Rachel Reeves announce in a LabourList blog that they have written to the Chair of the UK Statistics Authority to urge him to publish self employment income alongside other figures, to support those who are self-employed. Continue to article
By Rachel Reeves and Chuka Umunna Becoming your own boss and starting out as self-employed takes determination, energy and endeavour. More and more people are taking this step – for many different rea... Continue to article
Chuka Umunna welcomed Vince Cable’s announcement of more robust rules for businesses attempting to takeover British companies, which would enforce commitments made during the bidding process. “The Business Secretary has said two things t... Continue to article
Three months after AstraZeneca, Cable appears to be coming round to Labour's view on foreign takeovers - Umunna Responding to Vince Cable’s comments on today's Andrew Marr Show on the foreign takeovers regime, Shadow Business Secretary Chu... Continue to article
Business secretary Vince Cable meets with British companies who supplied parts for the new Airbus A350 at the Farnborough International Airshow (09.30) and is expected to make an announcement on a UK space port Care minister Norman Lamb,... Continue to article
Shadow Business Secretary Chuka Ummuna said the response from Vince Cable to today's report on the Royal Mail sell-off was "outrageous" and called on the Prime Minister to apologise to the country. "I think that was an extraordinary res... Continue to article
Chuka Umunna blasted the Government's handling of the Royal Mail sale. "The business department did not attach appropriate value to Royal Mail when they were selling it. And what this has resulted in is a first-class shortchanging of the... Continue to article
Chuka Umunna said the findings of the inquest into the police shooting of Cherry Groce were “quite extraordinary”. “[Cherry Groce’s family] have been completely and utterly vindicated in pursuing this fight for justice for their mother. ... Continue to article
Chuka Umunna MP, Labour’s Shadow Business Secretary, commenting on the announcement of a review into the sell off of Royal Mail, said: “By announcing this inquiry, the government is admitting what everyone else has known for months – tha... Continue to article
Sir Andrew Dilnot CBE UK Statistics Authority 1 Drummond Gate London SW1V 2QQ 8 July 2014 ... Continue to article
Chuka Umunna denied his party was divided in its approach to business and declared that Ed Miliband was “absolutely” pro-business. “I don’t think we’ve got the tone wrong, but we’ve had to take a step back as a country and look at what h... Continue to article
Dear Sir Andrew, I am writing with regard to statements made today by the Labour Party, and to seek clarification from the UK Statistics Authority. In a press release today, the Leader of the Labour Party Ed Miliband states that ‘four... Continue to article
Chuka Umunna said cities and regions needed to be delegated more powers so they could focus funding where it was needed. “This is in part because our cities and regions – and it’s not just about cities, it’s also about our county regions... Continue to article
Prime minister David Cameron announces a rail improvements package for Cornwall on a visit to the South West and visits Scotland to discuss the union Labour leader Ed Miliband (10.05), shadow chancellor Ed Balls (09.25), shadow business ... Continue to article
Labour has blasted the Business Secretary for failing to take action to mitigate the impact of Universal Credit on self-employed workers. At Business Questions this morning, Chuka Umunna accused his government counterpart of failing to ... Continue to article
Labour press release Chuka Umunna MP, Labour’s Shadow Business Secretary, commenting on the government’s zero-hours contracts consultation response, said: “Under David Cameron’s government we’ve seen a rising tide of insecurity. Zero-... Continue to article
Chuka Umunna outlined the difference between the national minimum wage and the living wage. "Well, we know at the moment that the Living Wage Campaign has said that it's £8.55 in London, £7.45 outside of London... "I think in the book... Continue to article
“UKIP voters feel disconnected because they can’t send emails, Chuka Umunna says”. Continue to article
It’s proceedings as usual this week with a Labour politician provoking the annoyance of Ukip supporters, as its youth wing fights back against suggestions by Chuka Umunna that the party’s voters are c... Continue to article
Chuka Umunna accused the Chancellor of “running scared” of allowing the Office for Budget Responsibility to audit Labour’s economic strategy in the run up to the 2015 general election. “One of the things we are asking for, and there is... Continue to article
Chuka Umunna said increasing the minimum wage would reduce Government spending on in-work benefits. “The best way that we can actually reduce the benefits bill is by getting more people into work and in respect of those people, and by t... 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".
13/07/2014 on Sky News
11/07/2014 on BBC News
11/07/2014 on Pooled clip
10/07/2014 on BBC News
Summaries and transcripts from TV and radio
3 hours ago on PM, BBC Radio 4
3 hours ago on PM, BBC Radio 4
3 hours ago on Sky News