Bank of England’s Breeden warns Iran war could set off bond and private credit crisis April 17, 2026 The energy crisis set off by Donald Trump’s war in Iran has made a financial crash more likely, according to the Bank of England’s financial stability chief, who warned that private credit, sky-high sovereign debt and stock market exuberance posed salient threats to the global economy. Sarah Breeden, the central bank’s deputy governor for financial [...]
A price cap on bread and milk? SNP plan is unnecessary and unworkable April 17, 2026 The SNP has pledged to cap the price of bread but why? Poor people can afford the essentials and supermarket margins are tiny.
Judge throws out Richard Desmond’s billion-pound lottery case April 17, 2026 Media tycoon Richard Desmond has lost his billion-pound legal battle against the Gambling Commission over the 2022 National Lottery license. Desmond’s group, Northern and Shell, and its subsidiary, the New Lottery Company, launched a £1.3bn legal action against the Gambling Commission after it awarded the next licence to Czech gambling group Allwyn. The procurement competition for [...]
UK economy ‘too weak’ to suffer from sky high inflation April 17, 2026 The UK economy will not suffer from a return of persistent high inflation because its labour market is too weak for staff to demand pay rises, a top investment bank has said. In a research note, Berenberg said that the government’s tighter grasp on the public finances and its rapidly deteriorating jobs market mean households [...]
JP Morgan poaches Monzo’s banking officer to head up Chase UK April 17, 2026 JP Morgan has poached a top executive from Monzo to head up Chase UK. The Wall Street giant has hired Kunal Malani, who has served as chief banking officer at Monzo since 2020, to lead its UK-based digital banking service. Malani has had stints at Barclays and HSBC in his retail banking career before heading [...]
Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide April 17, 2026 Manchester City owner Sheikh Mansour could be barred from the Premier League if the UK government heeds calls to sanction him over alleged links to genocide in Sudan. Human rights group FairSquare has called on the government to investigate the man who has led Manchester City’s transformation into one of the world’s richest and most [...]
City of London urges action on Swiss border as EES holds up business travellers April 17, 2026 City of London officials are pressing Switzerland to allow UK travellers to use automated passport gates to end the long airport queues that have become a regular gripe for business travellers. The new EU Entry/Exit System (EES), which covers the Schengen area, rolled out last week, and it has resulted in lengthy queues at airports [...]
London Sports Festival celebrates Commonwealth Games with 3×3 basketball pop-up April 17, 2026 City workers will be able to play 3×3 basketball at a pop-up court in Paternoster Square this summer as part of a Commonwealth Games flavour imbuing the 2026 London Sports Festival. The 3×3 basketball – an addition to the Commonwealth Games programme at Birmingham in 2022 and also set to feature in Glasgow this year [...]
Bank of England will set ‘high bar’ for any interest rate change April 17, 2026 Policymakers at the Bank of England will set a ‘high bar’ for making any interest rate change later this month despite growing expectations of rising inflation, top City analyst Simon French has said. The previous energy shock suffered by the UK following the Russian invasion of Ukraine in 2022 saw inflation spike to as high [...]
Why Messi taking 100 per cent stake in UE Cornella matters April 17, 2026 Lionel Messi’s purchase of Spanish fifth-tier side UE Cornella represents a broader trend of players seeing football assets as long-term investment opportunities, top football finance experts have said. The Argentinian, who will be heading to the Fifa World Cup this year looking to defend the title he won in Qatar, will own 100 per cent [...]