GDP: UK faces ‘most dismal decade for growth in 100 years’ February 12, 2026 The UK economy had a minor expansion in the fourth quarter of 2025 coming a touch below expectations as an expected boost from the services sector failed to come to fruition. Fresh figures from the Office for National Statistics (ONS) showed the economy expanded a sluggish 0.1 per cent in three months to December 2025. [...]
Heathrow warns on losing European crown without expansion February 11, 2026 Heathrow Airport has kicked off the new year with a shattering of its previous traffic record but has offered a stark warning it could lose its crown without progress on expansion. Some 6.5m passengers travelled through the airport in January, marking a 2.2 per cent increase on last year and making it the busiest January [...]
Services sector rebound expected to help economy limp towards growth February 10, 2026 Rachel Reeves is set to breathe a minor sigh of relief at the sight of new economic data this week with the UK economy expected to have limped towards growth in December. A survey of City economists by Bloomberg had projected a 0.1 per cent expansion in December and 0.2 per cent for the fourth-quarter. [...]
UK businesses turn to overseas talent and AI as Reeves’ taxes bite February 9, 2026 British businesses are facing a “trade off” as rising costs for employers push firms into investing in overseas talent and leveraging AI. Whilst businesses are ditching the “wait-and-see” approach that engulfed firms amidst the tax uncertainty ahead of November’s Budget, this has not translated into a hiring upswing, the latest KPMG and REC jobs report [...]
TSB’s profit soars ahead of Santander takeover February 6, 2026 Profit at high street lender TSB soared in the latest financial year as the bank slashed costs ahead of its landmark takeover by Santander. TSB’s pre-tax profit hit £350.4m in 2025, a 20.7 per cent jump from the year prior. The growth was fuelled by rising income streams and falling costs, even as the bank [...]
Lloyds shares rally after profit boost and £1.8bn buyback January 29, 2026 Shares in Lloyds Banking Group jumped on Thursday as the bank launched a £1.8bn share buyback after breezing past profit expectations in the 2025 financial year. The FTSE 100 banking giant recorded a 12 per cent jump to pre-tax profit in the full-year netting £6.7bn and easily surpassing the £6.4bn pencilled in by internal analysts. [...]
Reeves told City at ‘critical juncture’ after claims of golden age January 25, 2026 Rachel Reeves has been handed a firm warning that Britain’s financial ecosystem is facing a “critical juncture” even after the Chancellor touted a “golden age” of opportunity for the City. The Chancellor faces a call to action following a report from lobby group TheCityUK and Big Four consultancy giant PwC revealing the “hard truth” that [...]
Donald Trump hits JP Morgan and Jamie Dimon with $5bn lawsuit January 23, 2026 President Donald Trump has JP Morgan and its top boss, Jamie Dimon, in a $5bn (£3.7bn) lawsuit following claims the banking giant debanked him for political reasons. Earlier this month, Trump blasted America’s biggest bank for “incorrect and inappropriately” discriminating against him after the President alleged JP Morgan stopped offering him services after the Capitol riots [...]
Nigel Farage: Reform will tax the banks even if they don’t like it January 22, 2026 Nigel Farage has confirmed Reform will slap a tax on the UK’s banking giants in the latest dramatic escalation of his party’s tensions with the City. Speaking at the World Economic Forum in the Davos, Farage said: “This will be tough for banks to accept but I am sorry – the drain on public finances [...]
FTSE 100 Live: Defence and miners miss Trump ‘TACO’ tariff rally January 22, 2026 Good morning and welcome back to the City AM liveblog. Yesterday Donald descended on Davos. In a wide-ranging address to the economic elite, President Trump scolded Europe, touted his own successes and doubled down on the “need” to acquire Greenland. Beyond his scathing remarks about Nato peers, the central takeaway from Trump’s over-hour long speech [...]