As it happened: Stocks higher as oil price sinks; Reeves makes bid to stay as Chancellor June 25, 2026 Welcome back to the City AM liveblog. The price of oil is heading lower this morning as the outlook around the Strait of Hormuz improves. Brent crude – the international benchmark for oil prices – tumbled below $73 per barrel, extending losses for a fourth consecutive session. These moves helped wipe out all the gains [...]
BCC’s Haviland: Burnham must make growth his number one priority June 24, 2026 Andy Burnham must place economic growth at the heart of his premiership and promise to bring down costs for businesses if he wants the Labour party to win back the trust of the private sector, the boss of Britain’s largest industry body will say. In a speech at the British Chambers of Commerce’s annual conference, [...]
Starmer defends ‘treacherous’ Reeves and Miliband despite Badenoch jibes June 24, 2026 Sir Keir Starmer jumped to the defence of senior Cabinet ministers Ed Miliband and Rachel Reeves despite brutal attacks by the Tory leader Kemi Badenoch. In one of his last Prime Minister’s Questions, Starmer defiantly stood by the Chancellor, who sat on the front bench alongside him, and praised her for “breaking from austerity” and [...]
The Debate: Should the resignation of the Prime Minister trigger a general election? June 24, 2026 As prime ministerial resignations have accelerated, so too have calls for consequent snap elections. We explore the pros and cons.
Burnham coronation closer yet Starmer ally raises alarm on borrowing June 24, 2026 Andy Burnham’s path to Downing Street has been all but cleared after Darren Jones ruled out entering a leadership race, spilling over to further speculation over the look of the next government’s Cabinet. Jones, a close ally of Sir Keir Starmer, was rumoured as a potential challenger to Burnham but the chief secretary to the [...]
Georgia PM’s Starmer outburst over City AM sanctions scoop June 24, 2026 The Prime Minister of Georgia has launched a bizarre attack on the UK government after City AM revealed that consumer giant P&G had axed its advertising with the country’s biggest media group – and Nestle may soon follow suit. Prime Minister Irakli Kobakhidze described the decisions, which came in the wake of sanctions applied by [...]
Starmer to give Burnham access to government June 23, 2026 Sir Keir Starmer is set to hand Andy Burnham access to the civil service “as soon as possible”. After announcing his resignation, Starmer is preparing for a transition in government over the next four weeks. A government spokesperson confirmed that Burnham and other prospective Prime Ministers would be able to engage with senior civil servants [...]
The next Prime Minister can change the conversation on the fiscal rules June 23, 2026 Since the defenestration of Liz Truss, the OBR has become an obsession in British politics. It need not be this way. Independent fiscal institutions are supposed to inform politics, not rule it. Other countries use them as sources of transparency, not as judge, jury and executioner, says Helen Thomas The next Prime Minister and Chancellor [...]
Brexit 10 years on: Business does not want a referendum rerun, says CBI chief June 23, 2026 British businesses are focused on the future and do not want a rerun of the Brexit referendum, the leader of the UK’s largest business lobby group has warned. Speaking to the FT, CBI director-general Rain Newton-Smith, on the tenth anniversary of the referendum, stated that despite the economic pain of leaving the EU, businesses don’t [...]
Burnham to lay out economic plan, but markets fear Miliband as Chancellor June 23, 2026 With more than three weeks to go before he can formally clinch the keys to 10 Downing Street, leadership challenger Andy Burnham is planning to make a major speech on the economy next week. It’s part of an effort to reassure the bond markets – to which he once said we shouldn’t be “in hock” [...]