IMF sounds alarm on borrowing costs surge as bond rout deepens September 2, 2026 The global rise in borrowing costs is a “particular concern,” the International Monetary Fund has said, as UK bond yields reach a level last seen in the financial crisis. The yield on the 10-year UK gilt climbed four basis points on Wednesday morning to near 5.27 per cent, which followed the previous day’s rally that [...]
Jim O’Neill: Capital gains tax hike ‘looms’ as top option for Burnham September 2, 2026 Lord Jim O’Neill has warned a hike to capital gains tax “looms out” as one of the easiest revenue-raising options for Andy Burnham and his chancellor, John Healey, as the pair draw up plans for their first Budget in October. “They’ve ruled out the three main taxes, so if they’re going to have to find [...]
As it happened: FTSE 100 drops; bonds sell-off cools but oil holds firm September 2, 2026 Welcome back to the City AM liveblog. The FTSE 100 fell again on Wednesday as oil prices rose higher for the third consecutive session and keeping pressure on global markets. Brent crude – the international benchmark for oil prices – held around the $95 per barrel mark, securing it highest level since mid-July. It follows [...]
The common sense deficit hitting the City’s professional services firms September 2, 2026 The rise of AI has put serious pressure on professional services firms to figure out hiring and training strategies as an industry built to sell knowledge faces a knowledge gap as a new era enters the workforce with skills very different from the cohort ahead of them, writes Maria Ward-Brennan. Much of the conversation about [...]
Burnham’s in hock to the bond markets – whether he likes it or not September 2, 2026 Andy Burnham once said this country shouldn’t be in hock to the bond markets, so it was unfortunate that his much-hyped return to the House of Commons yesterday was overshadowed by the surging cost of servicing government debt. The yield on the ten-year gilt has hit its highest level since 2008. The longer term 30 [...]
Burnham will fail unless he pivots on net zero September 2, 2026 Andy Burnham can’t reindistrialise, create jobs or drive down the cost of living while remaining committed to decarbonisation at any cost, says Joseph Dinnage Andy Burnham has promised a political revolution. Through his programme of devolution, the Prime Minister will apparently create new jobs, reindustrialise Britain and preside over new housing. Very laudable. Though he [...]
UK startups need UK backing September 2, 2026 If we want the economic growth, jobs and tax revenues that come with a buzzing entrepreneurial economy we need to back our startups.
Reed CEO: Graduate jobs crisis is getting worse September 2, 2026 With graduate job postings continuing to plummet, youth unemployment should be treated as a national crisis, writes James Reed.
How the Treasury got ‘fed up’ with the Bank of England’s payments plan September 2, 2026 The government moved to more closely monitor the Bank of England’s overhaul of the UK’s payments system after growing frustrated with the sluggish pace of the plans, industry figures have said. The Treasury revealed last week it would begin tracking the central bank’s progress on payments and digital currencies by introducing a new secondary objective [...]
UK economy stuck in ‘slow lane’ as business investment to slump September 1, 2026 A slump in business investment will drag on the UK economy’s potential for growth over the rest of the year as industry chiefs warned that the country was stuck in the “slow lane”. The British Chambers of Commerce has warned that the UK economy is set for a slowdown in momentum over the remaining two [...]