Unions at loggerheads over party funding cap after blockbuster Reform donation September 16, 2026 Trade unions have taken aim at “stratospheric” donations and the flow of “dark money into UK politics” after Reform revealed it had pocketed a staggering £72m from just two supporters. The Trade Union Congress (TUC), which groups together some of the largest British unions, stopped short of calling for an outright cap on individual donations [...]
Motorway eyes first profit as Premier League deal grows customer base September 16, 2026 Motorway is on the cusp of turning its first profit a decade after launch, as the used car marketplace looks to the Premier League to expand its customer base. The tech firm’s co-founder and chief executive, Tom Leathes, said he expects to hit profitability as soon as 2026 after years of consecutive eight-figure losses as [...]
European financial centres lose global standing amid ‘relentless pivot to Asia’ September 16, 2026 European financial centres suffered a decline in global rankings as the continent continued to lose ground to fast-growing Asian cities. Centres across Europe saw their prominence erode, with several key cities tumbling in the latest rankings from Z/Yen’s 40th Global Financial Centres Index (GFCI 40). European cities fell out of top 20, after only four [...]
Ask the expert: I lost my job at 56. Can I retire? September 16, 2026 Lost your job in your 50s? Marianna Hunt is back to take a look into whether retiring early, cutting spending or returning to the workplace is the best option when thrust back into the job market later in life. I’m 56 and lost my job in January after a successful career in financial services. I’d [...]
Hold interest rates despite inflation risk, Shadow MPC tells Bank of England September 15, 2026 The Bank of England has been urged to hold interest rates even as inflation is set to peak higher than previously expected due to the continuation of the Iran war, City AM’s Shadow Monetary Policy Committee has said. The Bank should leave interest rates unchanged at 3.75 per cent, according to most top economists in [...]
Andrew Bailey: Latest AI advances are an ‘OMG moment’ for cyber crime September 15, 2026 The latest advances in frontier AI are an “OMG moment” and countries need to “arm themselves”, Andrew Bailey has said, as he highlighted the new threat of financial crime posed by the technology. Speaking at the annual City of London Police Authority Board dinner at the Merchant Taylor’s Hall on Monday, the Bank of England [...]
UK government opens door to AI laws as safety warnings mount September 15, 2026 The UK government has left the door open to tougher AI regulation after the companies building the world’s most powerful models called for slower development, fearing safety has fallen behind. City AM understands ministers believe AI is already covered by laws spanning data protection, competition, product safety and online safety, but accept those rules may [...]
London is expensive enough for tourists September 15, 2026 An overnight levy on top of the removal of VAT-free shopping is making London too expensive for tourists, writes Ros Morgan.
Reynolds hails ‘tremendous upsides’ to AI amid warnings on threats September 15, 2026 Business secretary Jonathan Reynolds has emphasised the “tremendous upsides” to AI that should not be overlooked, as a growing number of tech engineers have warned of its threat to existence. Reynolds told the BBC that the UK should “never be complacent” about AI or “naive about the impact”, although he emphasised that new models could [...]
Private sector wage growth at lowest level in nearly six years September 15, 2026 Private sector wage growth remains at lows not seen in nearly six years in a sign that Britain’s labour market is weakening further ahead of a crunch interest rate decision for the Bank of England on Thursday. New data has shown that the wider UK jobs market cooled further over the summer, adding to a [...]