Households to pay more for BBC TV licence, government confirms February 6, 2026 Households across the country will see their bills rise after the Labour government increased the TV licence fee that funds the BBC. The Department of Culture, Media and Sport said on Friday that the annual levy will be increased to £180 from 1 April. This marks a £5.50 yearly increase. The move follows rules brought [...]
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 [...]
Mandelson car crash shows Starmer’s Labour has no ideology, only in-fighting February 5, 2026 Peter Mandelson was given the job because he’s from the right faction of the Labour party. Keir Starmer’s government doesn’t believe in anything except fighting itself, says John McTernan Politics is – at its best – a battle of ideas. Successful politicians need to be able to fight and think at the same time. Peter [...]
Banks ombudsman complaints slump after Treasury overhaul February 5, 2026 Complaints to the banks ombudsman fell to the lowest level in two years in the last quarter of 2025 as changes from regulators and Treasury ease the caseload. Between October and December the Financial Ombudsman Service (FOS) received 47,300 complaints – a major drop from the 68,400 lodged the year prior. It also maintains a [...]
Bank of England raises alarm on unemployment as interest rates unchanged February 5, 2026 The Bank of England has held interest rates but policymakers warned that the spiralling unemployment rate and weak growth was weighing down on price growth. In its decision on Thursday, the Bank’s Monetary Policy Committee voted 5-4 to leave interest rates at 3.75 per cent. But economists warned that unemployment could jump higher over the [...]
The Mandelson Epstein scandal: Squalid, brazen and outrageous February 5, 2026 Sex, money, power and influence. Peter Mandelson, once a towering figure in Labour, in the government and in the City, has fallen. He is now the subject of a police investigation into allegations of misconduct in public office after thousands of emails contained in the latest Epstein files released by the US Department of Justice [...]
UK construction ‘exits tailspin’ but job losses persist as housebuilding slumps February 5, 2026 The UK’s struggling construction sector showed signs it was turning a corner at the beginning of the year even as job losses and shrinking order books persisted. The latest construction Purchasing Manager’s Index (PMI) from S&P Global – which serves as a headline index tracking industry activity – edged up to 46.4, up from 40.1 [...]
Starmer’s faith in Mandelson was a catastrophic error of judgement February 5, 2026 If Keir Starmer had hoped that his own indignation, doubtless sincerely felt, would put distance between Downing Street and the Peter Mandelson scandal, he was mistaken. Amid dramatic and at times chaotic scenes in the House of Commons yesterday, the Prime Minister was forced into a humiliating u-turn as opposition and Labour MPs united to [...]
Starmer’s authority in doubt as Labour MPs vent fury over Mandelson February 5, 2026 Sir Keir Starmer was under mounting pressure last night after he admitted he had been warned about Peter Mandelson’s relationship with Jeffrey Epstein prior to appointing him as ambassador to Washington. Starmer’s attempts to handle the release of files relating to Mandelson’s vetting process were then thwarted by furious Labour backbenchers demanding independent scrutiny of [...]
Starmer admits he knew of Mandelson’s enduring links with Epstein – but appointed him ambassador anyway February 4, 2026 Sir Keir Starmer has admitted that he knew Peter Mandelson continued a relationship with Jefrrey Epstein after his first conviction before appointing the Labour grandee as UK ambassador to the US. During Prime Minister’s Questions, Starmer said he was aware that Mandelson maintained relations with Epstein after he pleaded guilty for soliciting prostitution of minors [...]