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 [...]
Downing Street resignations trigger bond market jitters February 9, 2026 Nervousness rippled through UK bond markets on Monday after a series of Downing Street resignations concentrated minds on the uncertain future of prime minister Sir Keir Starmer. The 10-year gilt yield – a key benchmark for the government – jumped as much as 10 basis points to 4.62 per cent in the early afternoon following [...]
UK businesses turn to overseas talent and AI as Reeves’ taxes bite February 9, 2026 British businesses are facing a “trade off” as rising costs for employers push firms into investing in overseas talent and leveraging AI. Whilst businesses are ditching the “wait-and-see” approach that engulfed firms amidst the tax uncertainty ahead of November’s Budget, this has not translated into a hiring upswing, the latest KPMG and REC jobs report [...]
Ease restrictions to boost retail investment, says leading digital platform February 9, 2026 The UK must do more to ease restrictions for retail investors, a director of a leading digital trading platform has said, after renewing calls for regulators, operators and policymakers to incentivise the use of innovative investment products. Speaking in an interview with City AM, Michael Healy, managing director, UK and Ireland at IG Group, noted [...]
Starmer’s chief of staff Morgan McSweeney resigns over Mandelson appointment February 8, 2026 The chief of staff to Prime Minister Sir Keir Starmer has resigned following mounting criticism over the appointment of Peter Mandelson to the US ambassadorship. Morgan McSweeney – who succeeded Sue Gray to the post in October 2024 – said the decision to nominate Lord Mandelson as ambassador to the US was “wrong” and he [...]
Union bosses call for another workers’ rights push amid Labour turmoil February 8, 2026 Union bosses are capitalising on the turmoil across the Labour party leadership to push for another major workers’ rights shakeup as Prime Minister Keir Starmer tries to fend of a rebellion from the left. The government is being urged to go beyond its manifesto commitments and hand all workers the right to guaranteed hours – [...]
Peter Mandelson should return five-figure payoff after being sacked, says minister February 8, 2026 A Cabinet minister and key ally of the Prime Minister has said Peter Mandelson should return the payoff he bagged after being sacked as the UK’s ambassador to the US. Work and Pensions Secretary Pat McFadden told Sky News Mandelson should “give [the payoff] back or give it to a charity, perhaps one involving violence [...]
Households to pay more for BBC TV licence, government confirms February 6, 2026 Households across the country will see their bills rise after the Labour government increased the TV licence fee that funds the BBC. The Department of Culture, Media and Sport said on Friday that the annual levy will be increased to £180 from 1 April. This marks a £5.50 yearly increase. The move follows rules brought [...]
FTSE 100 Live: Starmer unease rattles markets; Big tech sell-off February 6, 2026 Good morning and welcome back to the City AM liveblog. Speculation over Keir Starmer’s future has unleashed a fresh round of market unease as investors dumped the pound, UK equities and long-dated government bonds amid rising political uncertainty. The gulf in price between the UK’s short- and long-term debt – known as the yield curve – reached [...]
Majority of landlords to hike rent due to Reeves’ tax raid February 6, 2026 The majority of landlords increasing rents blamed Rachel Reeves’ new tax on property income from April next year, a survey has shown. According to the National Residential Landlords Association (NRLA), two thirds of landlords (65 per cent) raising prices over the next year cited the government’s plans to charge a two percentage point tax rate [...]