Bank of England warns Burnham of UK economy’s ‘big issue’ Economics 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”. [...]
Tale of two cities: London leaps ahead in global finance but domestic growth stalls Economics The City of London has cemented its dominance in international finance ten years on from the Brexit vote but faced sobering domestic growth that failed to match the momentum. The capital sees more international activity conducted than the next eight largest financial centres in Europe combined, according to a new report by New Financial. The [...]
Financial services contributed a tenth of UK economic output in 2025 Economics The financial services sector contributed over a tenth of the UK’s economic output in the last year as the industry’s productivity outpaced average momentum. The industry provided a £290bn boost to the UK’s real GDP – a macroeconomic measure that adjusts the value of economic output for inflation – in 2025 marking around 11 per [...]
Lady Mayor: The City must make East End kids like me feel like they belong March 23, 2026 Plenty of young people can see the City skyline from their classroom window, yet still feel like they don't belong. I want to change that.