Starmer will fail to improve living standards – but it isn’t all his fault February 11, 2026 Between the mid 1960s and the mid 2000s, the living standards of the poorest half of households doubled. Increasing by 1.9 per cent a year, it took four decades to make this leap. To emulate that progress again, starting from today, would take 137 years. This is not a state of affairs that can be [...]
Buy now, pay later providers set for £3bn hit in ‘regulatory reset’ February 11, 2026 Providers of buy now, pay later services are set to feel the crunch as the UK’s financial watchdog tightens its regulatory focus on the fast-growing industry. Merchants and lenders are set to take a combined hit of as much as £3bn following the regulation overhaul by the Financial Conduct Authority (FCA), according to its own [...]
Keir Starmer must find ‘more inclusive way’ to run Labour, says Andy Burnham February 10, 2026 Andy Burnham gave Sir Keir Starmer a lukewarm endorsement on Tuesday, urging the Prime Minister to lead a stronger and more united government amid continued questions about his leadership. The Mayor of Greater Manchester called for stability, but argued that this could only be secured through “a more inclusive way of running the party”. “We [...]
Services sector rebound expected to help economy limp towards growth February 10, 2026 Rachel Reeves is set to breathe a minor sigh of relief at the sight of new economic data this week with the UK economy expected to have limped towards growth in December. A survey of City economists by Bloomberg had projected a 0.1 per cent expansion in December and 0.2 per cent for the fourth-quarter. [...]
Law Society slams Labour’s ‘crude’ stealth tax on legal clients February 10, 2026 The Law Society issued a blistering response to the government’s proposal to take the interest law firms earn on money sitting in their client accounts, branding it a “fundamentally flawed” sector-specific tax that threatens the stability of the wider UK legal economy. Last month, the Ministry of Justice opened a consultation on a proposal to [...]
Barclays boss calls for political ‘stability’ as banker’s pay packet swells to £15m February 10, 2026 The boss of British banking giant Barclays has called for “stability” across the political landscape as the Labour government’s future faces uncertainty. CS Venkatakrishnan, the bank’s chief executive who is known as Venkat, faced questions on the turmoil in Number 10 after Barclays published its full-year earnings report. “From the point of view of businesses [...]
FTSE 100 Live: BP tumbles on buyback suspension, Barclays profit boost February 10, 2026 Good morning and welcome back to the City AM liveblog. It was a rocky day for bond markets on Monday as political jitters rippled through the City. The 10-year gilt yield – a key benchmark for the government – rose as much as 10 basis points to 4.62 per cent following news that Scottish Labour [...]
Starm before the storm? PM survives the day but crisis still looms. February 10, 2026 Sir Keir Starmer has insisted he is “getting on with the job” following a punishing 24 hours in which he lost his Chief of Staff, his Director of Communications and the support of Labour’s leader in Scotland as the fallout from the Peter Mandelson scandal threatens to collapse the government. As leadership speculation continued to [...]
Why the Tory Party tried to persuade Karren Brady to run for London mayor February 10, 2026 The Tories need a political heavyweight to come forward and run for mayor. We once tried but to no avail, writes Giles Kenningham
Brace yourself for the chaos that will follow Starmer’s departure February 10, 2026 Anas Sarwar is not a name often seen in the pages of City AM but he’s earned his place after yesterday’s hastily announced press conference in which he called for Keir Starmer to resign as Prime Minister. Prior to his intervention there had been radio silence from Starmer’s Cabinet ministers, not one of whom had [...]