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      The devastating prognosis for the UK’s public finances

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UK economy

  • Air fryer frenzy sees Ninja’s European sales rocket past £1bn

    January 7, 2026

    A surge in demand for air fryers has helped Sharkninja’s European sales surge past the £1bn mark for the first time, the firm’s latest accounts reveal. Sharkninja Europe, the UK-based subsidiary of the US consumer appliance maker, posted turnover of £1.2bn in 2024, a whopping 43 per cent increase on the previous year, as Brits [...]

  • Bankers eyeing warning signs for credit cycle downturn, says JP Morgan chief

    January 7, 2026

    Bankers are paying close attention to early warning signs of a downturn in the credit market, a top JP Morgan executive has told City AM, as economic uncertainty and a spate of corporate collapses spark lender caution. Filippo Gori, co-head of Global Banking at JP Morgan, cited a rise in rates of fraud as well [...]

  • The Debate: Should we bring back Saturday jobs?

    January 7, 2026

    Employment tsar Alan Milburn says the decline of the Saturday job has left young people ill-prepared for work, but is it true?

  • Starmer risks killing the great British pub

    January 7, 2026

    Everyone has a favourite pub. It might be one you go back to on holiday or it could be at the end of your road. It could be a stone’s throw from the office (City AM is blessed in this regard) or one that’s still going from your uni years. The City AM Toast Awards [...]

  • £13bn streaming boom defies sluggish UK economy

    January 7, 2026

    The UK’s digital entertainment sector emerges as a rare diamond in the rough for a stuttering national economy, with revenues surging more than four times faster than sluggish GDP growth in 2025. Streaming services and retail drove UK revenues from video, music and games to new highs of £13.3bn, according to a recent report by [...]

  • Angela Rayner in Downing Street tops banker fears

    January 7, 2026

    Angela Rayner taking to Downing Street poses one of the top risks to the banking sector heading into 2026, top analysts have warned.  The former Deputy Prime Minister and darling of the Labour left is among names tipped to take the top job as Sir Keir Starmer fights to save his premiership amid all-time favourability [...]

  • British savers are moving further away from financial security

    January 6, 2026

    The average UK adult is thousands of pounds away from feeling financially secure, as more people struggle to bolster their savings. British adults are more than £16,000 away from achieving their financial ‘safety net’, according to analysis from money app Plum. Savers believe they need roughly £40,300 in their savings in order to quash their [...]

  • Cancelling unwanted direct debits could revive your pension

    January 6, 2026

    Cancelling unwanted direct debits could add thousands to Brits’ pension pots, as more people look to rein in unnecessary spending to beef up their retirement savings. The average Brit wastes nearly £40 a month on direct debits they no longer need or regularly use, such as streaming services, gym memberships and old insurance policies, according [...]

  • Brexit division to return to parliament in bill for EU deal 

    January 6, 2026

    New dividing lines are set to open up in parliament over the coming months as the government prepares to lay out a bill to get its EU “reset” deal signed off by MPs.  Keir Starmer has signalled his intention to build closer trade ties with the world’s largest economic bloc in a bid to boost [...]

  • Fiscal drag to push thousands of families into child benefit tax charge

    January 6, 2026

    The Chancellor’s decision to freeze tax thresholds will leave thousands of families forced to pay High Income Child Benefit Charge, eroding the value of government support. According to official HMRC forecasts, uncovered in a freedom of information request by Quilter, fiscal drag will force 35,000 more families into paying the charge, jumping from 324,000 in [...]

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