OpenAI-linked shares plummet after it fails to hit growth targets April 28, 2026 Companies with financial ties to the fate of OpenAI sold off sharply on Tuesday after it emerged the ChatGPT maker had fallen short of internal targets for revenue and user growth. Shares in Japanese investment giant Softbank and data centre hyperscalers Coreweave and Oracle plunged by between four and eight per cent reigniting nerves over [...]
Barclays takes shot at tax speculation as UK growth forecast cut April 28, 2026 Barclays has taken a shot at the wave of tax speculation surrounding the industry as the bank trimmed its growth output for the year ahead. Fears the banking sector might be targeted for a cash grab have gathered pace following the war in Iran, amid concerns over mounting cost pressures. The Middle East conflict is [...]
Rachel Reeves plots ‘growth push’ as Labour set for bruising elections April 27, 2026 Rachel Reeves is plotting another “growth push” as the Labour party prepares itself for a potentially bruising defeat in the local elections. The Chancellor is set to unveil a new push for fiscal discipline, a closer relationship with the EU and planning reforms in a bid to ease the nerves of the party. The forthcoming [...]
Lucky bets won’t save the UK economy – the government needs evidence April 24, 2026 The government must stop making decisions from the dark and properly prioritise research to grow the UK economy, writes Jane Frost.
Watch: Sluggish economy puts Brits at their gloomiest for nearly 50 years April 23, 2026 City AM‘s Editor, Christian May, reflects on recent polling that reveals Brits’ economic pessimism has reached depths not seen since 1978. From high taxes to sticky inflation and low growth, there is a strong sense that the country simply isn’t heading in the right direction.
Back to the 1970s: Brits know the damage being done to our economy April 23, 2026 By late 1978 Britain was in the grip of what became known as the Winter of Discontent. Waves of strike action caused huge economic and social disruption as rubbish piled up on the streets and bodies went unburied. It was a crisis for the Labour government and a low point in Britain’s recent history. It [...]
Voters have not understood the reality of a zero growth economy April 23, 2026 Since 2019, UK national income per head has grown by just 0.1 per cent a year on average. In other words, essentially zero growth. It means that the resources available to the economy, whether for private or public use, do not change, says Paul Ormerod Does life imitate art? Evelyn Waugh’s comic masterpiece Vile Bodies, [...]
Unemployment to peak at 5.8 per cent as jobs market faces ‘biggest hit’ since pandemic April 20, 2026 Britain is set to be “pushed to the brink of a technical recession” in the coming year as the economic fallout of the war in Iran dampens growth prospects and sends unemployment soaring. The latest Item Club report sees the UK economy flatlining in the second and third quarters as it digests the consequences of [...]
UK economy jumped above forecasts before Iran war April 16, 2026 The UK economy was growing ahead of expectations before the war in the Middle East erupted, official data has shown. The Office for National Statistics (ONS) said GDP grew by 0.5 per cent over February, though City analysts have suggested the figures are “too good to be true” given trends seen in recent years. In [...]
Allica Bank goes ‘turbo’ on AI as profit and loan book swells April 15, 2026 Small business lender Allica Bank has revealed a major bump to its bottom line after the bank’s loan book ballooned over the last year. The neobank – which became one of the UK’s latest fintech unicorns this year – recorded a 23 per cent rise in pre-tax profit at £36.9m, compared to £29.9 million in [...]