Budget 2026: If Healey really thinks banks are a jewel in the crown why is he raising taxes? Opinion Banks already pay billions in tax. If John Healey really wants to Budget for growth, investment and predictability, he should keep taxes stable, says David Postings Chancellor John Healey recently described banking as the “jewel” in the “British economic crown”. I completely agree. I have worked in banking for decades. Born in Wolverhampton, I know [...]
Lady Mayor: London can shape the global conversation on trusted AI Opinion As the UK prepares to host the G20 presidency in 2027, it has an opportunity to shape the global conversation on trusted AI, writes Susan Langley.
Healey’s ‘mixed messages’ on bank tax leave City blindsided Economics The City was left reeling on Friday following reports that John Healey was drawing up plans to tax banks in the forthcoming Budget. Industry heavyweights across the UK have fired warning shots as Healey weighs up different options to target the banking industry with a hefty cash raid. One City figure told City AM a [...]
£250m lawsuit against crypto firm Binance grows with 1000 new investors September 30, 2026 A thousand new UK-based retail investors have been added to a group legal claim against crypto trading platform Binace and its founder, alleging they were sold high-risk, complex products that did not have regulatory authorisation from the financial watchdog. There are now approximately 2,700 claimants in the case in England and Wales, with the total [...]
The City’s contribution cannot be taken for granted September 28, 2026 Growth in London or the regions is not a zero-sum game. The success of the City is good for the whole country, writes Chris Hayward.
FCA bans former law firm owner for misusing £28m of client money September 15, 2026 The financial watchdog has banned the former owner of London-based law firm Kingly Solicitors from working in financial services after finding he allowed £28m of client money to be misused. The Financial Conduct Authority (FCA) said on Tuesday it has barred Nurul Miah, also known as Neil Mia and Neil Miah, the former owner of [...]
City policy chair: new taxes on financial services would threaten our prosperity September 14, 2026 The City stands ready to help the Chancellor deliver good growth in every postcode at the Budget, says Chris Hayward Recent years have been challenging for people, policymakers and industry leaders alike. Conflicts have been compounded by subsequent, successive economic shocks; damaging supply chains and leaving less well-prepared boardrooms bewildered. Globally, public finances are under [...]
UK at risk of £290bn finance industry ‘being governed overseas’ September 8, 2026 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 [...]
Old Spice Trafford: Which brands could splash £150m sponsoring Manchester United’s new stadium? August 19, 2026 Technology, financial services and northern brands are favourites to stump up a potential £150m to sponsor Manchester United’s New Trafford stadium, experts have said. Despite only eight of the Premier League’s 20 teams having naming rights sponsors for their stadiums – notably Arsenal, Manchester City and Everton with Emirates, Etihad and Hill Dickinson respectively – [...]
Exclusive: Jobs lost across Labour’s ‘growth potential’ sectors in blow to Burnham July 27, 2026 In a blow to the government’s plans to boost employment, eight sectors previously identified as having high growth potential in Labour’s industrial strategy have suffered job losses, according to a report seen by City AM. The so-called ‘IS-8’ sectors, which include life sciences, financial services and defence, were singled out by the UK government last [...]