As it happened: FTSE 100 rises but energy shock looms; Healey says government debt an ‘affront to Labour values’ September 28, 2026 Welcome back to the City AM FTSE 100 liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. The main event of the day will be Chancellor John Healey’s speech at Labour conference in Liverpool. Here’s a look at some [...]
London to make up ‘more than half’ of new UK banking jobs September 28, 2026 London will make up more than half of all new banking jobs in the UK, new data has indicated, as the likes of JP Morgan and Barclays are set to bring a recovery in hiring levels. Data compiled by the recruitment firm Morgan McKinley has suggested that UK banking vacancies are set to rise by [...]
Chancellor’s ‘new age of industrialisation’ claim raises eyebrows in the City September 28, 2026 Chancellor John Healey will make upgrades to the Royal Navy central to his flagship speech at the Labour Party conference on Tuesday as he promised a “new age of industrialisation’. The former defence secretary has indicated that shipbuilding will make a key part of Andy Burnham’s pledge to revive Britain’s industrial base across the country. [...]
Burnham: Social care reforms to be paid by new taxes September 27, 2026 Andy Burnham has said proposed social care reforms would be funded by new taxes after a General Election, claiming he wanted to create a new system where “everyone contributes”. The Prime Minister said a plan for a national care service would be presented at the next election, which may only come in 2029. Baroness Louise [...]
Burnham declines to back Heathrow third runway amid four-year delay September 27, 2026 Andy Burnham has declined to back a third runway at Heathrow Airport in a major split from his predecessors in Downing Street. Speaking to the BBC on Sunday, Burnham refused to say he backed an expansion at the UK’s largest airport. The project was hailed by former Chancellor Rachel Reeves as part of her mission [...]
UK has ‘low capital gains tax rates’, Healey says September 27, 2026 The UK enjoys the lowest capital gains tax rate of any major European economy, Chancellor John Healey has said, raising the prospect of another hike at the Budget. Healey has said he wanted to improve the UK’s economic fortunes yet pointed to the UK’s competitiveness on capital taxes when speaking about business confidence. He told [...]
Andrew Bailey sends warning as officials say interest rate hikes ‘increasingly likely’ September 25, 2026 Bank of England governor Andrew Bailey has said that it will become “harder” to leave interest rates on hold if energy prices remain higher for longer. At an event in Oxford on Friday, the Bank of England chief indicated that interest rates would have to be raised from 3.75 per cent if oil and gas [...]
‘Last days of the honeymoon’: Anxious bosses prepare charm offensive at Labour conference September 25, 2026 Ahead of the Labour Party Conference on Sunday, and one month away from the Budget, businesses are feeling nervous, write Mauricio Alencar and Felix Armstrong Stepping onto an early-morning Avanti West Coast train from London Euston is now a familiar feeling for the Prime Minister. Andy Burnham is set to make the journey more regularly [...]
Minister tries to keep growth spirit alive amid bleak outlook September 25, 2026 A government minister has moved to keep people’s optimism about the UK economy and spending afloat amid fears that interest rate hikes and a difficult Budget could dampen spirits. Several analysts, such as those at the research company GfK, have recorded a boost in consumer confidence in the months since Andy Burnham became PM. The UK [...]
Diesel ban: UK to be ‘even more exposed’ if Trump follows through on export threat September 25, 2026 After Trump announced a ban on exports of diesel, Mauricio Alencar explores how it could impact the UK economy. President Trump’s newest trade threat sent markets into a frenzy once again on Friday. Earlier this week, Trump said he would back Republican proposals to halt exports of diesel in order to ease prices ahead of [...]