FTSE 100 Live: Natwest shares fall after deal; Political jitters in bond market February 9, 2026 Good morning and welcome to the City AM liveblog. Markets will have a lot to catch up on this morning after the latest escalation in political dramas over the weekend. Prime Minister Sir Keir Starmer’s chief of staff announced his exit from government amid mounting pressure over the appointment of Peter Mandelson to US ambassador. [...]
FTSE 100 Live: Starmer unease rattles markets; Big tech sell-off February 6, 2026 Good morning and welcome back to the City AM liveblog. Speculation over Keir Starmer’s future has unleashed a fresh round of market unease as investors dumped the pound, UK equities and long-dated government bonds amid rising political uncertainty. The gulf in price between the UK’s short- and long-term debt – known as the yield curve – reached [...]
Starmer defends Burnham snub: ‘The fight is with Reform’ January 26, 2026 Keir Starmer has defended a decision to block Andy Burnham from standing as a candidate to run as an MP in an upcoming by-election, claiming political resources should be allocated towards Labour’s “fight with Reform”. Less than a day after Labour’s National Executive Committee (NEC) – which Starmer is a member of – voted 8-1 [...]
UK government borrowing overshoots expectations in November December 19, 2025 UK government borrowing exceeded expectations in November but still fell year-on-year after tax receipts surged following Rachel Reeves’ first Autumn Budget. The latest release from the Office for National Statistics (ONS) showed public sector borrowing topped £11.7bn in November. City economists expected government borrowing to come in at £10.2bn over the month. Despite this, the [...]
FTSE 100 Live: OBR chiefs face MP grilling; Food inflation slows December 2, 2025 Good morning and welcome back to the City AM liveblog. The Office for Budget Responsibility (OBR) admitted its “worst failure in the 15-year history” of the fiscal watchdog on Monday. This morning, from 10am, two of its remaining spokespeople will be facing a grilling from the Treasury select committee of MPs. The sensational leak of [...]
FTSE 100 Live: Starmer denies Budget ‘misleading’ as Reeves on brink December 1, 2025 Good morning and welcome back to the City AM liveblog. It was quite the Budget week to end November and for many more questions were created than answered. Whilst Labour might’ve hoped it would be be their rallying moment – with the lifting of the two-child benefit cap and doubling of the Chancellor’s fiscal buffer [...]
Markets responded positively to Budget, says Peel Hunt chief December 1, 2025 The boss of one of London’s best-known investment banks has shrugged off concerns over the Budget, suggesting that the tax-raising plans pleased financial markets. Peel Hunt CEO Steven Fine said markets viewed the state of the UK’s finances as “quite stable” following the Budget, pointing to a rise in the government’s fiscal headroom which helped [...]
Reeves ends Budget week with more unanswered questions than she started with November 29, 2025 It was supposed to be the week that ended months of uncertainty. But Rachel Reeves has finished Budget week with more questions to answer than she started with. Not all of it was bad. Increasing the fiscal headroom was prudent. Cutting back motability spending was sensible. Removing a loophole that allowed private hire firms to [...]
Markets will determine whether Reeves has any credibility left November 19, 2025 It’s a regrettable reality that a politician – or an entire government – can limp on for months or even years after losing credibility in the eyes of voters. In contrast, when markets think the credibility is gone the consequences can be much more immediate. Just ask Liz Truss. One week from today, the Chancellor’s [...]
Leadership spat sends jitters through bond markets November 13, 2025 Jitters coursed through UK bond markets on Wednesday after a leadership crisis engulfing the Labour government triggered a jump in gilt yields, leading investors to warn that more political instability risked exacerbating the ‘moron premium’ applied to UK borrowing costs. Interest on 10-year gilts rose by three basis points, while the pound slumped to its lowest level [...]