Investors ‘may be less than impressed’ by John Healey’s £9bn borrowing plans Economics Investors may be “less than impressed” by John Healey’s plans to increase borrowing by £9bn a year to take stakes in assets such as infrastructure, analysts have warned. On Tuesday evening, it was reported that the new Chancellor and Treasury ministers were working on a proposal to deploy billions in the direction of infrastructure, housing [...]
Citi boss fires warning at government over banking tax Banking The boss of Citigroup has warned the government that “money votes with its feet” and there are “very viable” alternatives to London should Andy Burnham decide to hit the banking sector with higher taxes. Dame Jane Fraser, a Scot credited with turning around the third largest bank in the US, said she was “concerned” at [...]
As it happened: Oil prices tumble as Bessent says US-Iran deal imminent; miner stocks rally Markets Welcome back to the City AM FTSE 100 liveblog. The price of oil tumbled on Tuesday afternoon after a senior Trump ally said that a deal over control of the Strait of Hormuz could be agreed with Iran in the coming days. The price of Brent crude – the international benchmark for oil – tumbled [...]
What are we to make of John Healey? Time will tell. August 4, 2026 Who exactly is in charge of this government’s economic policy? In a bid to find out, I’ve tasked two of our journalists to hit the phones, mooch around the bars of Whitehall and track down Westminster’s new power brokers. I’ll let you know what we find out, but he fact that the answer to this [...]
Retailers hit back at Healey’s ‘profiteering’ threat August 3, 2026 Retailers have hit back at the Chancellor’s warning against profiteering, saying they will prove they have fought hard to keep food prices down during the Iran war. Chancellor John Healey said at the weekend that the Treasury is prepared to crack down on any retailers which are taking Brits “for a ride” by using the [...]
Healey revives ‘price-gouging’ threat as cost of living options narrow August 2, 2026 Chancellor John Healey has revived threats against retailers over profiteering as his cost of living options have narrowed due to problems facing the country’s public finances. Healey warned supermarkets that they would not be able to take Britons “for a ride” as the Treasury would closely monitor “any suggestion” that shoppers were suffering from large [...]
Healey announces early Budget July 31, 2026 John Healey has confirmed he will deliver his first Budget on 28 October as he pledged to “shift power and money out of Westminster”. The Chancellor said on Friday that his first fiscal statement would “back Britain’s communities” setting the stage for a Budget that economists have predicted will be the country’s third in a [...]
As it happened: Stocks reach new record as investors shrug off Iran war fears July 31, 2026 Welcome back to the City AM liveblog. It’s Friday morning and the FTSE 100 has opened into the green, following two consecutive days of record gains for the blue-chip index. London’s blue-chip index was up as high as 0.7 per cent in early trading to 10,971.88p, “The FTSE 100 tested new record highs on Friday morning as [...]
Rolls-Royce share jump as profit beats expectations July 30, 2026 Rolls-Royce shares jumped on Thursday after the company hiked its targets and posted a near 50 per cent jump in operating profits in the first half of the year, as it reaps the rewards of a boom in defence spending. The FTSE 100 engineering firm said rising profitability across all of its divisions resulted in [...]
As it happened: FTSE 100 hits new high after interest rates held July 30, 2026 Welcome back to the City AM liveblog. The Bank of England has held interest rates at 3.75 per cent in a 6-3 split. The City had pencilled in a hawkish hold from the Monetary Policy Committee after inflationary pressures were renewed on the latest round of strikes in the Middle East. Megan Greene, Catherine Mann and [...]