Globalisation obituaries ‘hopelessly premature’ Economics Boosting trade is the single best way to improve the long-term fortunes of the UK despite the economy being hit by a barrage of supply chain fractures and geopolitical shocks, the Bank of England’s former chief economist has said. In his first speech as president of the British Chambers of Commerce, Andy Haldane told delegates [...]
US ambassador: UK’s closer ties with EU are a problem Politics Britain pursuing closer ties with the European Union will “not be viewed favourably” in the White House if it in any way affects the trading relationship between the UK and US, Washington’s ambassador to the UK has warned. Warren Stephens said that the government’s recent decision to adopt over 70 European rules onto the UK [...]
Blackrock boss Larry Fink says AI will boost trade jobs Tech Society needs to rethink its view of careers as AI reshapes the job market, Blackrock chief Larry Fink has said, warning that skilled trades like plumbing and electrical work will become more valuable while some office roles decline. In an interview with the BBC, the asset manager boss claimed the US had “overdid” its push [...]
Firms scramble to keep up as the UK prepares to align with EU food standards March 25, 2026 Fans of Clarkson’s Farm will know that, for British farmers, dealing with the EU presents an endless stream of headaches and paperwork. But things are changing fast – too fast, many worry – in the UK’s complex web of food production, and farmers and manufacturers are scrambling to meet changes in legislation coming down the [...]
Revolut eyes trading and wealth push amid hiring spree March 24, 2026 Revolut has laid out its initial blue-print for major expansion in its trading operations after the fintech giant bagged its full-fat UK banking licence earlier this month. The $75bn digital banking juggernaut has kicked off a hiring spree at its Canary Wharf headquarters as well as other financial hubs across the globe. The fintech has [...]
Michael Hayman elected chair of British Chambers of Commerce March 16, 2026 Michael Hayman has been elected the new chair of the UK’s leading business network, succeeding former management consultant Sarah Howard. Hayman will take the chair of the British Chambers of Commerce (BCC) after being picked unanimously by board members. As chair, Hayman will lead the network’s strategic direction as it supports business growth, lobbies the [...]
Trump demands US-backed insurance as firms suspend cover in Persian Gulf March 4, 2026 Donald Trump calls for a US-backed insurance following news that most of the world’s largest maritime insurance firms are set to cease covering war risks for ships entering the Persian Gulf. On 5 March, various members of the London-based International Group of Protection and Indemnity Clubs will automatically terminate war-risk cover if vessels enter the [...]
FTSE 100 Live: Stocks inch back up; UK faces energy bills warning March 4, 2026 Good morning and welcome back to the City AM liveblog. Yesterday, Rachel Reeves delivered her Spring Statement. The Chancellor wheeled out new forecasts from the Office for Budget Responsibility that cut growth for 2026 but – albeit modestly – upgraded it for the years to come. But forecasts were quickly labelled out of date by [...]
US Supreme Court rules Trump’s ‘Liberation Day’ tariffs were illegal February 20, 2026 The US Supreme Court has handed down a landmark ruling that the sweeping tariffs President Donald Trump imposed on trading partners last year were illegal. Justices were weighing up a case centred around the Emergency Economic Powers Act that allows a President to regulate imports during a national emergency. The White House had argued the [...]
Scotch whisky makers look to India amidst Trump tariff worries February 18, 2026 Scotch whisky makers selling into the US faced a challenging year as a result of Donald Trump’s tariffs, according to new figures, but many distilleries spy a long term opportunity in India. Figures out last week from the Scotch Whisky Association (SWA) showed that the value of Scotch exports to the US declined by four [...]