Backbencher threatens rebellion as Starmer vows to stay put May 10, 2026 A Labour backbencher has issued the Prime Minister with an ultimatum as Sir Keir Starmer battles to stay in Number 10 after taking a battering at the local elections. Catherine West, a former junior minister and MP for Hornsey and Friern Barnet, said she will trigger a leadership bid on Monday if cabinet ministers fail [...]
UK borrowing costs waver as Starmer insists he will not ‘walk away’ May 8, 2026 Government borrowing costs – which are reflected in changes in gilt yields – have edged lower as City traders were calmed by Sir Keir Starmer’s insistence that he would not “walk away”. Gilts were the best performing government bonds out of any G7 nation on Friday morning as 10-year yields dropped by around eight basis [...]
Labour’s plans for rent control by stealth will cost £4.2bn a year May 7, 2026 An upward-only rent review ban on commercial property, which has been shoehorned into a devolution bill, will have massive unintended consequences, warns Martin Beck Last year, the then-housing and local government secretary, Angela Rayner, quietly and unexpectedly inserted a rent control policy for commercial property into the English Devolution and Community Empowerment Bill. The measure [...]
Local elections 2026: City awaits ‘significant’ event for Labour leadership May 7, 2026 City giants have warned today’s local elections will be “significant” for market pricing, with traders keeping a close eye on possible leadership moves made by the likes of Angela Rayner and Andy Burnham. Several financial behemoths have lined up to warn investors that results across the country over the coming days could be unusually important [...]
Labour will regret the Renters’ Rights Act May 1, 2026 There were celebrations across the Labour frontbench as the Renters’ Rights Act came into force today. That won't last for long, writes Ben Hopkinson.
Lloyds fires bank tax warning shot as industry ‘ripe for cash grab’ April 29, 2026 Lloyds Banking Group has warned the Treasury not to look at the banks for a tax raid as the industry sets its sights on booming profits in 2026. The FTSE 100 giant beat profit expectations by a cool £200m in the first-quarter after booking £2bn. This was also followed up by an upgrade to its [...]
‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain April 17, 2026 Bond traders are bracing for the prospect of a surge in gilt yields as uncertainty over the future of Keir Starmer’s term in office could pave the way for a more left-wing successor. A Starmer defenestration could be just weeks away amid renewed scrutiny over the botched appointment of Peter Mandelson as Washington ambassador and [...]
Ministers working with backbenchers amid immigration overhaul concerns April 5, 2026 Ministers concerned with home secretary Shabana Mahmood’s immigration changes are working with backbenchers concerned about planned immigration crackdowns. Figures within government are trying to help rebel MPs secure more exemptions from reforms being spearheaded by Home Secretary Shabana Mahmood, according to The Guardian newspaper. The changes are aimed at extending the amount of time migrants [...]
Badenoch says ‘strong woman’ should replace Starmer March 18, 2026 Kemi Badenoch called for a “strong woman” to replace Sir Keir Starmer as Prime Minister after repeated refusals to answer whether he spoke to Lord Peter Mandelson before appointing him as ambassador to the US. Badenoch attacked Starmer for deflecting questions about Mandelson, even as the Prime Minister’s spokesman confirmed last week that it was [...]
Reeves urged to cut bank tax as UK competitiveness lags February 25, 2026 Rachel Reeves is facing renewed calls to cut tax on the banking sector after new bombshell research laid bare the competitive disadvantage UK lenders are battling against. The Chancellor spared banks from a highly-anticipated fresh tax raid in the Autumn Budget but a new report – penned by the Association for Financial Markets (AFME) and [...]