What could a bank tax raid mean for JP Morgan’s Canary Wharf mega-tower? October 16, 2026 When Jamie Dimon and John Healey first exchanged remarks, the world’s most influential banker told the Chancellor how important it was to get public policy right. The Wall Street chief is understood to have said the right public policy was the key to solving the issues facing global economies, according to those close to the [...]
Lloyds and Barclays shares fall as Healey ‘poised’ to hike bank tax October 16, 2026 Shares in Britain’s banking giants tumbled this morning after new reports suggested John Healey is set to raise taxes on lenders when he delivers his first Budget at the end of the month. Natwest dropped two per cent to 660.40p, while Lloyds was down around 2.5 per cent to 103.40p. Barclays slid 0.4 per cent [...]
Exclusive: Healey looks to lower business costs of hiring young people October 14, 2026 Chancellor John Healey is drawing up measures to slash the cost of hiring under-25-year-olds at the Budget, City AM understands, as the government looks to tackle the crisis of youth unemployment and ease pressures facing businesses. A move to tackle the number of young people not in employment, education or training (Neets) by reducing hiring [...]
Plus500’s super-app ambitions risk re-telling a familiar London story October 14, 2026 Plus500 laid out plans for a super-app across the Atlantic, in this week’s column Samuel Norman looks at how it could frame their future. Also on the agenda, Healey continues pre-Budget summits and does anyone still care about the digital pound? Is a London-listed fintech turning to the US for its monumental ‘super-app’ a point [...]
City finance jobs shrink as Budget fears add to cautious mood October 12, 2026 Finance jobs in London shrunk in September as employers weighed up the raft of economic pressures and uncertainty around the forthcoming Budget. City vacancies tumbled 30 per cent to 1,200 by the end of the third quarter, compared with 1,719 in July at the start of the three-month window according to recruiter Morgan McKinley. Jobs [...]
City chiefs warn Healey bank tax hike could drive businesses out of UK October 9, 2026 Top finance industry chiefs have warned the Chancellor that hiking taxes on the banking sector in the forthcoming Budget could drive businesses and capital out of the UK. Bosses of the City’s biggest industry bodies – including UK Finance, TheCityUK and the CBI – have written to John Healey calling for him to avoid raising [...]
UK bank bosses and John Healey set for tax showdown October 5, 2026 When banking lobbyists geared up for an offensive ahead of the 2025 Budget, a tax cut barely made the wishlist. Modest in their ambitions, advocates were preparing to settle for anything that didn’t see their already eye-wateringly high tax bill rise. That is until, City AM understands, officials advised them to make a cut a [...]
Raising bank taxes will reduce jobs, former Chancellor Hunt warns Healey October 5, 2026 Former Chancellor Jeremy Hunt has issued John Healey a major warning over any increase to the level of taxes paid by UK banks ahead of the forthcoming Budget. The top Tory MP, who has sat on the back benches since Labour came to power in 2024, said Healey must ignore the “siren voices” calling for [...]
UK house prices fall at fastest rate since May as mortgage rates weigh on demand October 1, 2026 UK house prices fell at their fastest pace since May as expensive mortgages and uncertainty ahead of the Autumn Budget fuelled caution among buyers. Prices fell 0.2 per cent during September, faster than economists had expected and reversing August’s 0.2 per cent increase, according to data from Nationwide. The average UK home was valued at [...]
UK disposable income rises as benefits payouts soar ahead of wages September 30, 2026 The average UK household’s disposable income increased in the second quarter of the year driven by a rise in benefit payouts. Real household disposable income per head – which measures the average spending and saving capacity of Brits – increased by one per cent in the second quarter to £6,577, new figures from the Office [...]