Lloyds and Barclays shares fall as Healey ‘poised’ to hike bank tax October 16, 2026 Shares in Britain’s banking giants tumbled this morning after new reports suggested John Healey is set to raise taxes on lenders when he delivers his first Budget at the end of the month. Natwest dropped two per cent to 660.40p, while Lloyds was down around 2.5 per cent to 103.40p. Barclays slid 0.4 per cent [...]
As it happend: FTSE 100 edges up as tech rebounds from sell-off; Oil set for weekly gain October 16, 2026 Welcome back to City AM‘s FTSE 100 live blog. London’s blue-chip index has dipped this morning as tech stocks rebound after a sell-off earlier in the week. Over in Asia, equities bounced back overnight, reversing some of the losses from a heavy selling session after investors ditched their tech exposure following questions around cloud company [...]
New inheritance tax rules will drastically change pension use October 16, 2026 New inheritance tax rules will drastically alter how people use their pensions, and put a lot of individuals in difficult positions, writes Steve Gauke.
Are NIMBYs or migration driving the UK’s housing shortage? October 16, 2026 NIMBYs and rising migration have both been blamed for the UK's housing shortage. What's the actual problem, asks Ben Hopkinson.
‘Absurd’: Pension savers refunded £188m after HMRC overtaxes withdrawals October 16, 2026 Tens of thousands of taxpayers were handed money back from HMRC last year after savers had too much tax deducted from their pension withdrawals, City AM can reveal. HMRC processed 54,166 pension withdrawal repayments in the 2025/26 financial year, worth around £188m, according to figures obtained through a Freedom of Information request. During the financial [...]
IMF boss warns on AI ‘tax erosion’ if jobs are wiped out October 15, 2026 The head of the International Monetary Fund has warned financial ministers that widespread AI adoption could erode tax bases across the world as incomes are squeezed by the technology. Kristalina Georgieva, the managing director of the IMF, said governments may be ill-prepared for a potential slump in tax revenue brought on by AI’s impact on [...]
Robert Jenrick hits out at Deloitte and KPMG over job cuts October 15, 2026 Reform UK’s Robert Jenrick has criticised Big Four giants Deloitte and KPMG for laying off British staff, alleging they did so while “importing thousands of migrant workers”. In his latest video post, standing outside Deloitte’s London HQ, the MP said Deloitte “laid off 800 UK staff” but that “over the last five years, they have [...]
Fifa still refusing to share World Cup sell-off papers, says FA chair October 15, 2026 Football Association chair Debbie Hewitt says the Fifa Council is still being denied full transparency over Gianni Infantino’s aborted World Cup sell-off plan. Infantino apologised to the Council today as it met for the first time since controversy erupted over Fifa Forward Enterprise (FFE), a new private company Infantino lined up investors for without telling [...]
Lloyd’s underwriters seek to halt £45m legal cover for Petrofac bribery defendants October 15, 2026 A group of Lloyd’s syndicates have sought to block £45m in defence funding for two former Petrofac executives facing a criminal bribery trial. The group of syndicates provided directors’ and officers’ (D&O) insurance coverage to Petrofac’s former chief operating officer, Marwan Chedid, and former chief operations officer George Salibi. Chedid and Salibi rely on Petrofac’s [...]
Why Peppa Pig and the Lionesses is a partnership to bring home the bacon October 15, 2026 Peppa Pig and the Lionesses isn’t the most obvious pairing. One’s a muddy-puddle-loving pig loved by my kids and toddlers everywhere and the other is England’s women’s national football team, equally loved by my kids after their heroics in 2025. But when you take a deeper look behind the Football Association and Hasbro deal, it [...]