‘Why single out banks?’: Santander chief hits out at UK tax regime June 8, 2026 The boss of Santander has branded the UK’s tax regime on banks as making “no economic sense” as speculation mounts that the industry could be turned to for a quick cash grab if the Labour government lurches to the left. Ana Botín, the chief executive of the Spanish banking giant, has said the UK tax [...]
The world runs on English law – let’s make the most of it June 8, 2026 All governments yearn for growth levers that are affordable, credible and deliverable within a parliamentary term. This government is fortunate enough to have one: English common law, says Brandon Lewis There is a quiet truth about British global influence that rarely makes it into the conversation about economic growth. International litigants, when consulting a regulatory [...]
Starmer weighs cut to EU student fees in bid for Brexit reset June 6, 2026 Keir Starmer is considering cutting university fees for European students as part of a broader package designed to deepen Britain’s economic ties with the EU, in what could become one of the most politically sensitive concessions of his post-Brexit reset. Ministers are weighing whether to lower tuition costs for EU students attending British universities as [...]
Burnham vows to cut the price of a pint as he turns on Labour tax rises June 6, 2026 Andy Burnham has launched a major policy intervention of the Makerfield by-election campaign with a pledge to cut business rates for pubs and ease the tax burden on small businesses, marking a clear break with Keir Starmer’s government. The Greater Manchester mayor said Labour had “got it wrong” on small businesses as he unveiled plans [...]
Andy Burnham ducks ‘fiscal rules exam’ despite pledge to stick to them June 6, 2026 Andy Burnham refused to explain Labour’s fiscal rules on Friday, despite insisting he would stick to them if he entered Downing Street, raising questions over the economic strategy underpinning his growing leadership bid. The Greater Manchester Mayor, who has spent months positioning himself as Labour’s most prominent alternative voice, was challenged to explain the government’s [...]
As it happened: US jobs smash forecasts; Stocks in green amid cloudy US-Iran peace talks June 5, 2026 Welcome back to the City AM liveblog. Speculation around a peace deal between the US and Iran is continuing to leave markets struggling for direction as hopes of an official agreement face roadblocks. A current draft of a memorandum of understanding between Iran and the US has ambiguities that have to be clarified, an adviser [...]
Place your bets: Will Starmer stay in No 10 longer than England stay in the World Cup? June 4, 2026 He’s faced a difficult few weeks amid mounting scrutiny over his team selection and doubts over his wider strategy after a string of poor performances. If England bow out at this summer’s World Cup, will he survive? No, we’re not talking about team manager, Thomas Tuchel, but the beleaguered Prime Minister Keir Starmer. It’s been [...]
£4.5bn black market cigarette tax loss should be ‘a major wake-up call’ for Labour June 4, 2026 Over half of cigarettes smoked in the UK are black market and are contributing £4.5bn to the country’s tax losses – a record high – according to new analysis from KPMG and tobacco giant Philip Morris. The findings show that 1.5bn more black-market, tax-free cigarettes were consumed by UK smokers last year compared to 2024, [...]
‘Don’t feel great’: Treasury minister irked by Darren Jones and Mandelson texts June 4, 2026 Treasury minister Lucy Rigby has appeared to criticise her fellow Cabinet colleague Darren Jones over texts he reportedly sent to Lord Peter Mandelson on the day he was sacked as ambassador to the US. Rigby, who currently holds Jones’ former role as chief secretary to the Treasury, told Sky News that she was unsettled by [...]
‘Dire’: Rapid decline in construction as sector slashes jobs June 4, 2026 A rapid decline in construction companies’ activity has forced bosses to cut employment, according to new data. S&P Global’s construction purchasing managers’ index (PMI) showed that business activity declined at the fastest pace for six years. Putting the pandemic aside, the decline in construction output was the lowest since March 2009. The PMI reading was [...]