Emergency lifeline for collapsed banks doubled to £3bn May 18, 2026 The emergency credit fund that serves as a lifeline for collapsed lenders has been doubled as a result of “recent regulatory and operational developments”. The Financial Services Compensation Scheme (FSCS) – working in tandem with the Treasury and Bank of England – has hiked its revolving credit facility capacity to £3bn from £1.45bn previously. The [...]
The story of Keir Starmer’s failure is boringly familiar May 18, 2026 Keir Starmer’s fate was not brought about chiefly by his lack of personality. It was the predictable result of the economic conditions that have wracked Britain for almost two decades, a political system poorly attuned to fixing them, and more than a little of his own hubris, says Andrew Griffith Analysing why Keir Starmer failed [...]
UK businesses stall investments and cut headcount due to Iran war May 18, 2026 Over half of UK firms said they have halted investment and hiring plans due to the economic fallout of the Iran war, contributing to supply chain pressures and higher energy and fuel costs. According to new research from accountancy and advisory firm BDO, 57 per cent of 500 businesses with revenues between £10m and £500mn, [...]
Cubitts plots expansion to Ireland despite swinging to £1m loss May 18, 2026 Cubitts swung to a near-£1m loss in 2025 as the spectacle maker counted the cost of its US expansion plans. The London-based business opened its “first stores outside the warm but grey womb of the UK,” with two sites in New York City. Costs of setting up across the pond pushed the eyewear designer to [...]
UK property taxes are highest in world – and they’re rising May 18, 2026 The UK has the highest level of property taxes of any major economy in the world as a share of the economy, according to new analysis, with new business reforms only set to add to the load. The global tax firm Ryan said the UK suffered a heavier property tax burden than the likes of [...]
Kainos shares lift as revenue surges on bumper NHS contract wins May 18, 2026 One of Northern Ireland’s biggest technology firms has posted a surge in revenue on the back of a spate of NHS contract wins. Belfast-based IT services provider Kainos reported a 17 per cent rise in revenue to £431.1m for the year to end March, led by a 55 per cent jump in turnover from healthcare [...]
As it happened: IMF lifts UK GDP and stocks reverse losses as bonds warned of ‘correction’ May 18, 2026 Welcome back to the City AM liveblog. The bond market is taking a breathe after mountains of pressure on Friday. The UK’s borrowing costs hit their highest since 2008, charging to 5.17 per cent during one part of the day’s trading session. This was topped once more on Monday morning, but since then yields have [...]
The City is paying the price for Britain’s energy failure May 18, 2026 High, unstable energy costs don’t stay in the energy sector. They get absorbed into operating margins, debt-service forecasts, insurance assumptions, infrastructure returns, and the discount rate applied to British assets, says Alan Chang The City does not need another price shock to understand Britain’s energy problem. Markets are already pricing the risk. Renewed tensions with [...]
Good policing is the unsung pillar of growth May 18, 2026 Market confidence in the City is inseparable from its security, and the police are a core enabler of that security, writes Chris Hayward.
Barclays names Fractile and Isomorphic Labs among UK’s top AI startups May 18, 2026 Barclays has named AI chip startup Fractile and Google DeepMind spinout Isomorphic Labs among Britain’s top AI companies as investors race to back the next generation of UK tech champions. The banking giant’s Eagle Labs division unveiled its new AI 100 ranking this week, spotlighting the country’s fastest-growing AI businesses amid a record year for [...]