Sadiq Khan urges Labour to back return to EU March 19, 2026 Sadiq Khan has called for Labour to campaign for the UK to rejoin the European Union, days after Rachel Reeves delivered one of the most Europhile speeches since Brexit. The London Mayor said his party should move beyond discussions about access to the single market or joining the customs union by 2030, and instead move [...]
UK job market weakens as economy set to worsen March 19, 2026 The jobs market failed to provide more positive signs for the UK economy as official data suggested that fewer postings were available for job seekers. An estimate published on Thursday showed that the number of payrolled employees dropped by 49,000 in February while data showed a small rise in January. The Office for National Statistics [...]
Bank of England Live: Interest rates held in first unanimous vote in eight years March 19, 2026 Welcome back to City AM‘s ongoing coverage of the interest rates decision. Interest rates have been held as rate-setters at the Bank of England warned the war in Iran could send prices spiralling as soon as April. In the first totally unanimous vote in eight years, all members of the Monetary Policy Committee voted to [...]
The Capitalist: Reeves lecture, Shoreditch’s flashiest bar and sorry Steve Dinneen! March 19, 2026 Reeves's Mais Lecture, a flashy new toilet design and an apology to our life & style editor; catch up on the latest City shenanigans.
Can Reeves’ fiscal devolution plans defeat the Nimbys? March 19, 2026 Rachel Reeves plans to end the paradox of British politics whereby local people bear the costs of growth but rarely feel the benefits. Will it work? Asks John Oxley Rachel Reeves attracts many descriptions, but few would peg her as a revolutionary. Her new plan for the economic landscape of the country might change this. [...]
Pension transfers: Sluggish providers holding up your money March 18, 2026 Some UK pension providers and administrators are taking eighteen times longer to transfer retirement savings than their counterparts, leaving savers waiting months for their money to be moved. The fastest transfers took just five days, while the slowest took between a staggering 47 to 90 days, according to the latest analysis from Pension Bee. Some [...]
Borrowing can make a country rich… until it doesn’t March 18, 2026 Debt can fund investment. But when it is used to pay for today’s consumption rather than tomorrow’s growth, the bill becomes unbearable, says Martin Beck At a personal level, millions borrow to buy their first home, start a business or invest in education. Used wisely, debt allows people to bring forward opportunities that would otherwise [...]
City fears Rayner’s rise as she warns Starmer that Labour is ‘running out of time’ March 18, 2026 Angela Rayner’s ascendancy to the Labour leadership has been flagged as a risk for public finances as the former deputy prime minister said the party was “running out of time”. At a rally on Tuesday night, Rayner suggested that Labour was viewed as representing “the establishment” and said the party’s survival was “at stake”. She [...]
FTSE 100 Live: Diploma leads stocks as pound ticks up; Oil dips March 18, 2026 Good morning and welcome back to the City AM liveblog. The FTSE 100 index closed up 0.8 per cent higher on Tuesday at 10,403.60p. The gains were accompanied by a stronger performance from the pound, which finished up $1.334 by the time London markets closed, compared to $1.329 on Monday. Sterling and the City were [...]
Political comfort blanket masquerading as a growth strategy March 18, 2026 Rachel Reeves has warned that we’ve entered “an age of insecurity” – and she wasn’t referring to Keir Starmer’s precarious grip on power. In declaring that “globalisation as we’ve known it is over” the Chancellor set out her response to this hard-edged new reality, focusing on regional growth, closer ties with the EU and a [...]