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      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

  • Young people seek to boost savings to offset cost of living squeeze

    January 13, 2026

    Young people are seeking to save more money in 2026, as the cost of living crisis focuses minds on careful financial management. According to the latest City AM polling from Freshwater strategy, over half of Britons are aiming to save money, but a staggering 70 per cent of 18 to 34 year olds are prioritising [...]

  • Retail investor tax anxiety hits record highs

    January 13, 2026

    Retail investor anxiety surrounding taxes has hit a record high, as Brits work to absorb the impact of Autumn Budget policy changes. Nearly 50 per cent of UK investors said they were concerned about the impact of taxes and government policies on the performance of their portfolios for the coming year in December, up from [...]

  • Vast majority of Brits expect more damaging tax hikes in 2026

    January 13, 2026

    Nearly four in five Brits are bracing themselves for further tax rises this year, with voters fearing that more money going into government coffers will damage growth.  Keir Starmer has kicked off the year with pitches on improving the cost of living for millions of people across the country.  Extra welfare payments for some families [...]

  • Jamie Dimon warns markets are under-estimating global risks

    January 13, 2026

    The boss of JP Morgan, Jamie Dimon, has warned global markets not to underestimate current risks, as the US banking giant hiked its provisions for bad loans. The world’s most influential banker said that whilst the US economy had remained “resilient” and consumer and business trends were “generally healthy,” ongoing risks persisted. “Markets seem to under-appreciate [...]

  • Chinese embassy to get green light despite ‘threat to City’

    January 13, 2026

    The new Chinese embassy in London is set to get the green light from Keir Starmer this week, according to reports, amid fresh questions around security concerns were raised on Monday night.  The new mega embassy at the Royal Mint Court near the City of London is expected to get the Prime Minister’s sign-off ahead [...]

  • Whitbread offloads £89m worth of Premier Inns to Londonmetric

    January 13, 2026

    Hospitality giant Whitbread has offloaded a number of its Premier Inn hotels to property group Londonmetric for £89m as it looks to boost profits. The group sold nine South Eastern hotels to the group, ranging from Southampton Airport to Warwick, as part of its plan to reuse £250m-£300m of property proceeds for growth opportunities, including [...]

  • FTSE 100 Live: UBS to get new boss; Premier Inn leaseback deal

    January 13, 2026

    Good morning from the City AM liveblog team. What’s an easy way to tell apart a developed country from a less developed one? One straightforward yardstick is the behaviour of state institutions and their relationship to government. If they are well run, they are operated by professionals independently from the executive. Or – the executive [...]

  • VAT-free shopping debacle has sent tourists packing

    January 13, 2026

    Five years on from the demise of VAT-free shopping, retail and hospitality chiefs say the impact is still causing pain as the industry seeks change, writes Joanna Hodgson Five years ago this month a change came in that might, on the surface , have prompted the average British shopper  to get their smallest violins out: [...]

  • Why the FTSE is enjoying a winter uptick

    January 13, 2026

    Amid AI bubble worries, London's FTSE is luring in American investors seeking greater diversification, writes Susannah Streeter.

  • Labour talked big, but London housing starts are worst since WW2

    January 13, 2026

    Labour may have talked big on housing and planning reform, but the figures don't lie, writes Emma Revell.

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