UK at risk of £290bn finance industry ‘being governed overseas’ Economics The UK is at risk of its booming financial services industry being governed overseas after lagging behind international rivals in digital asset innovation, a new report has warned. Banking industry body UK Finance has issued a rallying call to policymakers to move at pace in developing the infrastructure to power tokenisation, or see the country [...]
UK jobs seekers rise despite recovery in permanent hiring Economics Rising redundancies and heightened employment insecurity drove a sharp increase in UK job seekers in August despite the permanent hiring market showing its first signs of recovery in nearly four years. Total staff availability rose at its fastest rate in three months as Brits hunting for roles flooded the market. This influx was triggered by [...]
Tower of London curbs on skyscrapers ‘will cost City £1.2bn’ Property Plans to protect views of the Tower of London will cost the economy £1.2bn in lost economic output every year, the City of London Corporation has warned. Historic England, the government’s heritage watchdog, is battling to secure a “larger uninterrupted gap of clear sky” between the medieval prison and the cluster of skyscrapers on the [...]
Ten bold ideas to fire up the British economy August 13, 2026 City AM is about to take its traditional two-week break from printing the newspaper. Very French of us, I know. Don’t worry – the team’s not going anywhere and the website, app, newsletters and studios will continue to fire on all cylinders. But since this is the last Editor’s Letter I’ll pen before we fire [...]
Bank of England warns Burnham of UK economy’s ‘big issue’ July 14, 2026 The Bank of England has warned Andy Burnham that economic growth remains the “big issue” facing the UK economy as he prepares to take the keys to Number 10. Andrew Bailey, the central bank governor, told policymakers on Tuesday that the UK has had “low growth for the best part of 16 to 17 years”. [...]
Rachel Reeves’ legacy of tinkering with the City is not enough, says Mel Stride July 9, 2026 Sir Mel Stride has branded Rachel Reeves’ legacy in government as mere “tinkering” with City reform as the top Tory predicted her successor will create a “hostile” environment for the banking sector. In an interview with City AM, the shadow Chancellor branded Reeves’ two-years in the Treasury as “managerial incrementalism,” adding it was “not enough”. [...]
Construction sector cuts jobs again as house building slumps July 6, 2026 The construction industry shed jobs for the 18th consecutive month in June following “sharp declines” in house building and a slowdown in new home sales. The latest S&P Global Purchasing Manager’s Index (PMI) for the construction sector showed more cutbacks to employment with another period of “sustained job shedding”. Subcontractors were also hit by the [...]
Interest rate cut is ‘off the table’, says Bank of England governor July 2, 2026 Andrew Bailey has said cutting interest rates is “off the table at the moment” in the clearest sign yet borrowing costs are likely to stay elevated for the rest of the year. The Bank of England governor said on a panel at the European Central Bank’s annual conference in Portugal that inflationary pressures following the [...]
BCC’s Haviland: Burnham must make growth his number one priority June 24, 2026 Andy Burnham must place economic growth at the heart of his premiership and promise to bring down costs for businesses if he wants the Labour party to win back the trust of the private sector, the boss of Britain’s largest industry body will say. In a speech at the British Chambers of Commerce’s annual conference, [...]
Government should fix ‘stubbornly weak’ growth with policy test, industry body argues June 15, 2026 The British Chambers of Commerce (BCC) is calling on the government to break decades of low economic growth by introducing a new delivery test, as businesses continue to slash investment under the burden of mounting costs. In the BCC diagnoses, the UK’s growth problem is not a lack of potential but a failure to turn [...]