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      Europe has made a ‘major mistake’ on slow electrification, IEA chief warns 

      UK industrial electricity prices are the highest in the G7 and 46 per cent above the average of the International Energy Agency.

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UK economy

  • FTSE 100 Live: Miners lead stock fall as gold rout deepens

    February 2, 2026

    Good morning and welcome back to the City AM liveblog. There’s one big event the City is looking towards this week but all signs point to zero surprises. On Thursday, the Bank of England’s monetary policy committee will meet for the first time this year and decide whether to take the chop to interest rates. [...]

  • Arm boss says lack of risk appetite ‘holding UK back’

    February 2, 2026

    The chief executive of British semiconductor company Arm has said the UK’s lack of risk appetite is holding businesses back. Speaking on the Master Investor Podcast with Wilfred Frost, Rene Hass, who leads the Nasdaq-listed firm Arm holdings, said startups in the UK struggled to grow because of scale opportunities in the UK arising from [...]

  • Premium bonds fall short as investors miss out on thousands

    February 2, 2026

    Premium bond holders are falling short compared to UK investors, missing out on thousands by choosing to dodge the stock market. Brits who keep capital instead of premium bonds instead of stocks could be losing out on almost £3,800 in earnings, according to data from investment platform Lightyear. The average premium bond holder with the [...]

  • Bank of England set to hold interest rates

    January 31, 2026

    The Bank of England is expected to hold interest rates at 3.75 per cent next week as policymakers continue to battle against sticky inflation.  At the monetary policy committee (MPC)’s first meeting of the year, the Bank is expected to suggest it is too early to cut rates due to the lack of available data [...]

  • Starmer looks to woo Japanese investors amid Asia trip backlash

    January 31, 2026

    Keir Starmer said he would hold discussions with investors and business owners in Japan after landing in Tokyo, with the Prime Minister hoping to defy critics of his recent trip to China with new deals to boost the UK economy.  Speaking on a plane from Shanghai to Tokyo, Starmer said discussions with Prime Minister Sanae [...]

  • Betfred brothers, Alex Gerko, Mike Ashley: Top UK taxpayers revealed

    January 31, 2026

    Betting entrepreneurs Peter Done and Denise Coates, traders Alex Gerko and Chris Rokos, and high street kingpins Tim Martin and Mike Ashley are among the top taxpayers in the UK, new analysis has revealed. Betfred founders Fred and Peter Done paid the most cash into HMRC over the past year, according to The Sunday Times’ [...]

  • Schroders signs deal with leading Chinese battery maker

    January 30, 2026

    Leading asset management firm Schroders has signed a deal with a Chinese battery making giant, amid chief executive Richard Oldfield’s trip to China, led by prime minister Keir Starmer. The group’s Schroders Greencoat business, which invests in renewable energy infrastructure, signed the deal with Contemporary Amperex Techology (CATL) and Hong Kong based private equity firm [...]

  • London house prices ‘need’ to fall amid supply increase, housing minister says

    January 30, 2026

    House prices “probably need” to fall in London, the housing minister has said, after insisting that the government’s 1.5m home building target could still be met. Matthew Pennycook said Labour wants to encourage developers to compete on volume in order to ramp up housing supply and make homes more affordable. There are “people in London [...]

  • Don’t blame universities for the graduate crisis

    January 30, 2026

    Blaming universities for the graduate crisis is convenient, but it isn't true, writes Eliza Filby. Here's what's actually gone wrong.

  • ‘Absolutely bonkers’: Labour minister hits back at Trump’s criticism of China trade

    January 30, 2026

    A Labour minister has hit back at comments from President Donald Trump that trading with China was “very dangerous” for the UK. Sir Chris Bryant, who has served as trade minister since September 2025, said it would be “absolutely bonkers” for the UK not to do business with China. “You have to challenge China on [...]

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