Healey: I want to help bloody-minded founders Politics John Healey has pledged to devote next week’s Budget to “bloody-minded entrepreneurs”, acknowledging small and fast-growing businesses have been “under pressure” from a barrage of fresh taxes and regulation. The Chancellor said he would clamp down on the “cost of business” as well as on the cost of living, promising to patch up relations with [...]
Abandoning third runway would be bad for UK, Istanbul airport boss warns Aviation The UK risks missing out on a “positive cycle in the economy” if it fails to approve Heathrow’s third runway, the boss of Istanbul airport has said, adding that a phased approach to development could help keep a lid on the mega-project’s eye-watering costs. Selahattin Bilgen, chief executive of Turkey’s iGA Istanbul Airport, told City [...]
UK economy to suffer second-highest inflation in G7 Economics The UK economy will suffer the second highest inflation of any G7 country over the next two years, the International Monetary Fund has warned, putting Chancellor John Healey’s efforts to ease the cost of living at risk. In its latest report published today, the global finance body has said that inflation will remain above the [...]
As it happened: FTSE 100 gains; oil rises despite Trump’s Russian diesel deal October 12, 2026 Welcome back to City AM‘s FTSE 100 live blog. The UK’s blue-chip index is set to make gains on Monday morning, picking up where Friday’s rally left off. Oil prices fell in early trading, as Brent crude – the international benchmark for oil – dipped below $104 per barrel following President Trump’s plans to import [...]
Economy set to shrink ahead of Budget in ‘difficult’ outlook October 11, 2026 The UK economy is expected to have shrunk in August, despite hopes that the stronger-than-expected growth seen in June and July would continue. The latest gross domestic product (GDP) data, which will be released on Thursday, is expected to show a contraction of 0.1 per cent in August, according to City economists polled by Bloomberg. [...]
Four interest rate hikes loom despite surprise economic growth September 11, 2026 The Bank of England is expected to hike interest rates as many as four times within the next year, City figures have said, after the economy delivered surprise growth in July. The central bank is expected to be buoyed by this morning’s GDP figures, which saw the UK economy grow by 0.4 per cent in [...]
Tower of London curbs on skyscrapers ‘will cost City £1.2bn’ September 3, 2026 Plans to protect views of the Tower of London will cost the economy £1.2bn in lost economic output every year, the City of London Corporation has warned. Historic England, the government’s heritage watchdog, is battling to secure a “larger uninterrupted gap of clear sky” between the medieval prison and the cluster of skyscrapers on the [...]
Bank of England warns Burnham of UK economy’s ‘big issue’ July 14, 2026 The Bank of England has warned Andy Burnham that economic growth remains the “big issue” facing the UK economy as he prepares to take the keys to Number 10. Andrew Bailey, the central bank governor, told policymakers on Tuesday that the UK has had “low growth for the best part of 16 to 17 years”. [...]
CBI: 200,000 more Brits to face unemployment this year as growth crumbles June 9, 2026 The UK economy is set for further pain in the months ahead, a top business group has warned, as consumers and businesses across the country suffer the effects of the Iran conflict, surging energy prices and a raft of government tax hikes. The Confederation of British Industry (CBI) has said that around 200,000 more Brits [...]
UK growth spurt ‘too good to be true’ April 16, 2026 The UK economy’s growth spurt is “too good to be true”, analysts have warned, as economists said Rachel Reeves should intervene on the country’s energy policy. ING’s James Smith said the latest data showing a 0.5 per cent jump in growth was consistent with trends seen over recent years where the UK economy has fired [...]