Another US lender tumbles as credit jitters accelerate October 24, 2025 Another mid-sized lender filed for bankruptcy in the US, highlighting the growing strain in American credit markets which Andrew Bailey has likened to the subprime crisis that foreshadowed the Great Financial Crisis (GFC). Primalend, a Texan provider of subprime financing to car dealerships, said in a filing on Wednesday that it had collapsed after months [...]
Consumer confidence remains downbeat amid Budget wariness October 24, 2025 A small lift in consumer confidence over October has failed to take a leading index into positive territory amid fears that the upcoming Budget could damage personal finances. Labour has made boosting living standards a central mission in government while Chancellor Rachel Reeves has recently talked up plans to lower the cost of living for [...]
Britain’s inflation problem isn’t global – it’s made in the Treasury October 22, 2025 Reeves can’t keep blaming the last government or global headwinds for doubling inflation – it’s a result of her own policies, says Gareth Davies When the Conservatives left office in 2024, Britain was emerging from an incredibly challenging chapter in our history. Together we navigated the pandemic, the war in Ukraine, subsequent supply-chain shocks and [...]
UK SMEs brace for inflation strain as confidence slips October 22, 2025 Small business (SME) optimism is faltering as sticky inflation, labour shortages and rising borrowing costs pile pressure on firms already stretched by thin margins and political uncertainty. Small business confidence dipped in September, with recent Opinium polling suggesting that UK entrepreneurs are increasingly uneasy about the months ahead. The latest figures from the National Federation [...]
Tories slam Bank of England for ‘outrageous’ internship scheme October 22, 2025 The Bank of England is facing criticism over an internship scheme open only to candidates of “black or mixed black heritage”, with Tory frontbenchers labelling the approach “outrageous.” The Bank has drawn the attention of senior MPs as well as Tesla owner Elon Musk for advertising a position that pays £96.15 per day over eight [...]
Inflation stays hot as UK’s economic woes deepen October 22, 2025 Inflation in the year to September remained sticky, new figures have shown, in further evidence that the UK’s economic woes have deepened and hit Brits harder than those in other countries. September was the third consecutive month that inflation hit 3.8 per cent, nearly double the Bank of England’s two per cent target. It came [...]
Bank of England: Global crisis ‘alarm bells’ in private credit October 21, 2025 The Governor of the Bank of England has warned of “alarm bells” in the private credit market as he cautioned of consequences parallel to the 2008 global financial crisis. Andrew Bailey told lawmakers on Tuesday the collapse of US car parts maker First Brands and auto-dealership Tricolor could be “the canary in the coalmine” as [...]
Inflation set to hit double Bank of England’s target October 20, 2025 The UK’s isolated struggles with price growth are set to hit a new milestone on Wednesday as consumer price index (CPI) inflation will surge to double the Bank of England’s target rate. In more troubling news for the Treasury and the Bank’s interest rate-setters, inflation is forecast to hit four per cent in the year [...]
Fintech industry takes aim at ‘logic-defying’ banking watchdog October 20, 2025 The industry body for UK fintech will today take aim at the banking watchdog in a scathing report that will blast “logic-defying” regulation. A fresh report from Innovate Finance, seen by City AM, will accuse the Prudential Regulation Authority’s (PRA) of “excessive” requirements that create an “uneven playing field for UK challenger banks, placing heavy [...]
Bank of England should cut interest rates at ‘more cautious pace’, Huw Pill urges October 17, 2025 The Bank of England’s chief economist Huw Pill has renewed calls for interest rates to be cut at a “more cautious pace” in the next year, adding to the likelihood that Bank Rate may be held at four per cent for the foreseeable future. In a speech delivered on Friday, Pill said efforts to lower [...]