Labour calls for Mayor to explore London Stadium sale to West Ham September 2, 2026 Labour have called on Mayor Sadiq Khan to explore selling the London Stadium to West Ham United. Labour assembly member Bassam Mahfouz has written to Lord Khan urging him to relieve the London taxpayer of the £1.75bn burden of the existing deal between City Hall and the Championship football stadium. The long-term tenancy agreed by [...]
Burnham refuses to rule out more borrowing and blames Tories for debt crisis September 2, 2026 Andy Burnham has refused to rule out borrowing more and raising taxes to fund his government’s spending plans, as he blamed the UK’s vulnerability to a global bond rout on the Conservatives. Speaking at his first Prime Minister’s Questions, Burnham said spiralling debt costs in the UK, which have hit near two-decade highs in recent [...]
NYSE-listed Securitize offer football club shares on blockchain with Socios September 2, 2026 New York-listed tokenised asset firm Securitize is to offer shares in football clubs held on the blockchain in partnership with controversial fan token firm Socios. A “strategic partnership to develop regulated equity offerings involving minority interests in professional sports teams” was announced as the market opened in New York, with Securitize – which has $5bn [...]
Citi hit with £5m fine for violating UK sanctions on Russia September 2, 2026 Citi has been hit with a fine of nearly £5m after regulators found it violated the UK’s sanctions regime on Russia. The Wall Street giant’s London branch was found to have processed £19.7m in illicit transactions spanning 970 payments. The Office of Financial Sanctions Implementation (OFSI) ruled that, in one instance, Citi failed to freeze [...]
Ditch the ‘usual suspects’: Gov.uk founder urges Labour to look beyond Big Four consultants September 2, 2026 Labour has loudly pledged to slash taxpayer spending on external consultants. However, the founder of a City-based digital consultancy firm told City AM that the government still relies on private firms to plug operational gaps because the civil service previously “got rid of the wrong skills”. Ben Terrett, chief executive and founder of Public Digital, said the [...]
Ipswich, Hull and Coventry follow Sunderland blueprint for Premier League survival September 2, 2026 Promoted teams have followed Sunderland’s example and gambled big money on staying up after Ipswich Town, Hull City and Coventry City all ended the transfer window among the biggest net spenders. Manchester City, Chelsea and Tottenham Hotspur might have led the way in gross outlay but in net terms many of the biggest spenders were [...]
If Dublin can have Bloomsday, London should celebrate Pepys Day September 2, 2026 Friday marks the third year of Pepys Day, a celebration of the Great Fire of London's chief chronicler. Michael Mainelli explains why to care.
The Works secures heavyweight backing in activist investor row September 2, 2026 The Works has secured the backing of a pair of heavyweight shareholder proxies in the discount retailer’s boardroom tussle with an influential activist investor. The stationary and crafts retailer has been locked in a row with Kelso, a London-listed investment firm, since the investor sought to force a director onto its board. Institutional Shareholder Services [...]
Mortgage nightmare as investors price in three interest rate hikes September 2, 2026 Investors have priced in three interest rate hikes over the next two years as a global bond market rout sent UK gilt yields soaring. Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing costs and putting the UK’s economic stability under threat. The Bank of [...]
‘Large tax hikes on the way’: How the global bond rout is boxing in Healey September 2, 2026 Chancellor John Healey is likely to roll-out “large tax hikes” at this year’s Budget due to a rout in global bond markets pushing up the cost of government borrowing, economists have said. A jump in the 10-year gilt yield to the highest level since August 2007 could “further erode” the £22.7bn level of fiscal headroom [...]