As it happened: FTSE 100 see-saws after inflation undershoots; Oil at $80 as Trump threatens ‘dropping bombs’ on Iran June 17, 2026 Welcome back to the City AM liveblog. Fresh inflation data this morning showed a reading of 2.8 per cent leading the consumer price index unchanged from May. This came under the expectations of a poll of City analysts by Bloomberg that forecast inflation would come in at three per cent for May. Core inflation, which [...]
Healey condemns Reeves: ‘Our adversaries do not follow timetables set by the Treasury’ June 16, 2026 John Healey has delivered a stinging criticism of Rachel Reeves’ handling of defence spending, warning that the UK’s enemies “do not follow timetables set by the Treasury”. In his resignation speech in parliament, the former defence secretary took aim at Sir Keir Starmer and Reeves for failing to fully fund the Defence Investment Plan (DIP), [...]
Trump to reject UK plea over Anthropic ban as AI ‘kill switch’ fears grow June 16, 2026 The White House is poised to reject Keir Starmer’s attempt to restore British access to Anthropic’s most advanced AI models, in a move that has exposed how dependent the UK has become on a handful of American Big Techs. Downing Street has spent recent days lobbying Washington for an exemption after the Trump administration blocked [...]
Tiktok falls under ban just as brands ramp up ad spend June 16, 2026 Tiktok’s UK ad business has been growing 40 per cent year on year, with brands increasing spending ahead of what the firm expected to be its biggest trading period on record. But that momentum now faces a test after Keir Starmer confirmed plans to plan under-16s from accessing the platform. The social media giant, which [...]
‘Political point-scoring’ over bank rules risks investment exodus, top Nomura exec warns June 16, 2026 London’s biggest financial institutions could shift operations away from the UK if the government intensifies its regulatory grip on the City, a top City banker has warned. Chris Barlow, head of legal and compliance at Japanese bank Nomura’s European arm, said “short-termism and political point-scoring” in Westminster over financial regulation could exacerbate the burden faced by [...]
Labour MP: Social media ban risks locking young people out of learning June 15, 2026 High-quality, creator-led video content is a valuable resource; it is not the same thing as social media consumption. Any legislative intervention has to be capable of recognising this distinction and the scale of our concern should not be an excuse for blunt solutions, says Feryal Clark Digital creators are trailblazers of a revolution; one that is [...]
VPN demand rockets as UK prepares for under-16 social media ban June 15, 2026 Searches for VPNs jumped 165 per cent overnight after the government confirmed plans to ban under-16s from social media, fuelling demand for digital workarounds. The rush came within hours of Keir Starmer unveiling one of the world’s toughest online safety regimes, which will block social media platforms from offering services to under-16s and introduce wider [...]
John Healey has delivered a fatal blow to Starmer’s premiership June 15, 2026 The defence minister’s resignation reveals the complete collapse of Keir Starmer’s authority, says Eliot Wilson The resignation of the Defence Secretary, John Healey, last week, with his Armed Forces Minister Al Carns a few hours behind him, was a very serious blow for Sir Keir Starmer. Let us be clear about the significance of this: [...]
‘Nothing is straightforward’: Market analysts warn of US-Iran deal complications June 15, 2026 Top market analysts warned on Monday that “nothing is straight forward” as euphoria spread across European equities after a confirmed peace deal between the US and Iran. Stock markets opened in the green as investors returned to a risk-on mentality after Pakistan announced an agreement between the two nations and Donald Trump declared the oil [...]
‘Protecting children is right’: Starmer takes on Big Tech with social media ban for under-16s June 15, 2026 Keir Starmer has announced a ban on social media for under-16s, arguing that platforms are harming children’s wellbeing and fuelling a generation of unhealthy online habits. The Prime Minister said social media was making children “unhappy”, making it easier for bullies to harass and abuse young people and potentially damaging their mental health. Speaking at [...]