UK ministers to push ahead with ‘capped’ mandation powers after peers backlash March 27, 2026 Ministers are set to go toe-to-toe with the House of Lords over a plan to grant them powers to force pension funds into private assets and UK companies. Government officials said ministers would make concessions to try and get the measure through the upper house, which voted last week to remove a “reserve power” allowing [...]
Nato: Starmer’s defence spending pledge lagging behind March 26, 2026 Sir Keir Starmer’s pledge to upgrade the armed forces is facing renewed scrutiny after official Nato figures suggested that spending in defence was lagging ahead of a crucial expenditure target in 2027. Starmer said last year that the government would increase spending on defence to 2.6 per cent of GDP from 2027. But Nato, the [...]
NS&I set to fork out millions over huge missing savings scandal March 26, 2026 National Savings and Investments (NS&I) is set to fork out millions of pounds to customers following a missing savings scandal. The government-backed bank is expected to pay out to customers who claim there have been failures in managing their money, with failings dating back years, according to reports in The Telegraph. The bank has been [...]
Is Rachel Reeves actually to blame for the ‘Truss crash’? March 26, 2026 After years of blaming the 'Truss crash' on tax cuts, Rachel Reeves has finally gestured to the real problem – her own instinct to overspend, writes Tom Harwood.
UK economy set for second lowest growth in G7 – OECD March 26, 2026 The UK economy is set to suffer the second lowest growth and second highest level of inflation in the G7, the OECD has predicted, in a damning set of forecast revisions for the Labour government and the Bank of England. Growth in the UK will slow to around 0.7 per cent, according to the OECD, [...]
London and New York in tight race to be world’s top financial hub March 26, 2026 London and New York are locked in a tight-race in the fight to become the world’s most dominant financial hub. The latest Global Financial Centre’s Index from Z/Yen showed both cities retained their respective spots in new rankings, with each of their scores inching up by a singular point. New York topped the list at [...]
FTSE 100 Live: OECD slashes UK growth prospects as inflation set to jump March 26, 2026 Good morning and welcome back to the City AM liveblog. The White House’s Press Secretary has said the US is “very close” to meeting its objectives in the Iran war, though offered no specific timeline on when the conflict could come to a close. But Iran’s foreign minister has said the country has “no intention [...]
Being an MP is a miserable job – but why must they inflict it on the rest of us? March 26, 2026 With all the stress that comes with their own job, you'd think MPs would have more empathy for the rest of us, writes Emma Revell.
Peter Kyle hints at push for EU customs union return March 25, 2026 Business and trade secretary Peter Kyle suggested joining the EU’s customs union could improve the UK’s economic prospects, with new data suggesting that trade flows in London boomed last year. After being asked twice whether war in the Middle East provided a stronger case for the UK to join the customs union, Kyle refused to [...]
James Reed: V-levels are Labour’s best idea yet March 25, 2026 Middle-class prejudice towards vocational paths has held the UK back. I welcome Labour's V-level push, writes James Reed.