As it happened: Intel, Arm shares slide; Oil climbs higher August 10, 2026 Welcome back to the City AM liveblog. Oil is starting the new week higher and making its third consecutive session for gains after optimism for a peace deal between the US and Iran stalled over the weekend and uncertainty around the Strait of Hormuz persisted. Donald Trump has said the US is “low-keying it” with Iran, [...]
Burnham is wrong. Devolution will only grow Whitehall August 10, 2026 Despite promises to streamline, the Civil Service has only grown and grown. Burnham's devolution will make it worse, says Arthur Reynolds.
‘Good growth in every postcode’ is a woeful catchphrase August 10, 2026 Burnham and co's bid to 'back British' and generate 'good growth' everywhere is a bid to fool voters with their own money, writes Eliot Wilson.
Government to inject millions into electric vehicle firms despite mandate backlash August 10, 2026 The government will invest £65m into firms producing zero-emission vehicles, despite backlash from the automotive industry over its controversial electric vehicle mandate. The funding includes £50m for car firms and research partners to help produce electric vehicles at a larger scale. The Department of Business, Innovation, Science and Trade said the funding would support 1,800 [...]
Stop burying us in swollen corporate reports, says audit watchdog boss August 9, 2026 The boss of the audit watchdog has warned that the size of annual reports has swelled out of control, costing directors too much time. Richard Moriarty, chief executive of the Financial Reporting Council, said the costs and expectations surrounding annual reports have steadily ballooned as more companies devote pages to environmental, social and governance issues [...]
Burnham to unveil new cost of living measures on UK tour August 9, 2026 Prime minister Andy Burnham will start a national tour on Monday to hear Brits’ concerns about the cost of living and unveil a series of measures to provide financial support. Burnham plans to use the national tour to tell voters about his 10-year plan for the UK, while also announcing his new policies to “give [...]
Government urged to refuse £1bn British Steel repayment to Chinese former owner August 7, 2026 Business secretary Jonathan Reynolds has been urged to refuse to pay back almost £1bn in loans to the Chinese former owners of British Steel after it was nationalised earlier this year. British Steel owed just under £1bn to companies connected to its owner Jingye Steel before it was taken into public ownership in an emergency [...]
UK debt ‘hits £3 trillion’ milestone August 6, 2026 The size of the UK’s national debt has now risen above £3 trillion, analysis has suggested, reflecting the burden facing taxpayers across the country. A tracker by a rightwing campaign group and think tank has suggested that national debt had reached the long-awaited milestone after an explosion in spending since 2020. The Taxpayers’ Alliance based [...]
Investors ‘may be less than impressed’ by John Healey’s £9bn borrowing plans August 5, 2026 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 August 5, 2026 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 [...]