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      Andrew Bailey sends warning as officials say interest rate hikes ‘increasingly likely’

      Bank of England Governor Andrew Bailey has suggested financial markets could crash if sovereign debt levels continue to spiral.

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Business

  • Pisces’ first birthday was an intimate affair

    September 10, 2026

    The faint pop of a champagne bottle was heard in the Square Mile a few days ago, marking the first anniversary of the LSE getting a licence for Pisces – the private securities venue providing liquidity to fast-growing firms. As celebrations go, it was an intimate affair. Over the past year, just three businesses have [...]

  • Badger Beer maker Hall & Woodhouse doubles profit ahead of tie-up with James May

    September 10, 2026

    The maker of Tangle Foot, Fursty Ferret and Hopping Hare has doubled its profit after cheering a jump in brewing volumes. Dorset-based brewer Hall and Woodhouse, which also operates over 130 pubs across England including the Old Nick in Holborn, St Stephen’s Tavern in Westminster and The Ship and Shovell in Charing Cross, recorded a [...]

  • Giving Neets jobs in hospitality would generate £2.3bn, Hilton claims

    September 9, 2026

    Hilton has urged the government to encourage unemployed young people into hospitality, claiming that filling all the industry’s vacancies would add £2.3bn to the economy.  The hotel group, in collaboration with trade body UK Hospitality (UKH), has urged Andy Burnham to lower taxes on hospitality firms to give them the breathing space to take a [...]

  • Abolish stamp duty on shares to reverse London’s IPO slump, say top fintechs

    September 9, 2026

    The group that represents the UK’s fastest growing fintech companies has called for the government to scrap stamp duty on shares to boost London’s flagging initial public offering market. Innovate Finance – which counts Revolut, Monzo and Zilch among its members – has called for the Treasury to ditch the 0.5 per cent levy on [...]

  • All Hundred owners expected to explore bids for Big Bash cricket franchises

    September 9, 2026

    All eight Hundred owners are expected to explore bids for franchises in Australia’s Big Bash after teams in the T20 cricket competition were put on the market this week, City AM has learned.  Cricket Australia this week announced that it would push ahead with a franchise sale, similar to the 2025 Hundred auction, despite some [...]

  • Met Police investigates Reform UK over potential breach of electoral law

    September 9, 2026

    The Metropolitan Police has launched a formal criminal investigation into Reform UK over potentially illegal foreign donations after top party officials were filmed facilitating the acceptance of payments via a middle man.  Detectives will look into the party’s funding following the undercover sting operation by Channel 4 News.   The police were called to act by [...]

  • Burnham insists defence uplift ‘can’t come at expense’ of welfare

    September 9, 2026

    Andy Burnham has said an uplift in defence spending will not come “at the expense” of benefits.  During Prime Minister’s Questions, Burnham said “national security can’t come at the expense of social security” in response to attacks from Tory leader Kemi Badenoch over the absence of plans to get defence spending up to three per [...]

  • Anthropic researcher quits as colleague warns AI could ‘kill all humans’

    September 9, 2026

    An Anthropic researcher has resigned from the trillion-dollar AI behemoth on safety grounds, accusing it and rival OpenAI of “racing straight to self-improving superintelligence and gambling with our lives”. Jacob Coxon, who spent three years working on AI model training across Anthropic and ChatGPT-maker OpenAI, said on Wednesday that neither company was “acting responsibly” as [...]

  • JP Morgan boss Jamie Dimon to meet Chancellor John Healey ahead of Budget

    September 9, 2026

    JP Morgan boss Jamie Dimon is set to meet John Healey today ahead of the new Chancellor’s first Budget, City AM understands. The American banker – regarded as one of the most influential figures in global finance – is due to meet Healey in London for the first time following a phone call exchange last [...]

  • FTSE boss calls on City businesses to hire former offenders

    September 9, 2026

    Beazley chief executive Adrian Cox has encouraged City business leaders to hire ex-offenders as he believes in “looking beyond convictions and recognising potential”. The boss of the FTSE specialist insurer, which agreed to be acquired by Zurich Insurance for approximately £8.14bn earlier this year, said: “City employers can transform lives while strengthening their organisations’ access [...]

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