Virgin Money swallowed up by Nationwide as top boss exits April 7, 2026 The boss of Virgin Money is set to depart the firm later this years as the UK bank fully consolidates into the Nationwide umbrella. Chris Rhodes took the reins at Virgin Money following its acquisition by Nationwide in late 2024. Before this post, Rhodes served as finance boss at the UK’s largest building society for [...]
FTSE 100 Live: Stocks dip ahead of Trump’s Iran deadline April 7, 2026 Good morning and welcome back to the City AM liveblog. The London market is set to return from the bank holiday break with a major hangover. Whilst the City enjoyed an Easter break, volatile trading continued with Brent crude – the international benchmark for oil – hovering around the $110 mark after see-sawing between gains [...]
The madness of a state that spends more on welfare than it raises from income tax April 7, 2026 If it were possible to buy Happy New Tax Year cards you’d surely find them stocked in the ‘With Sympathy’ section. As of yesterday, the state has increased its demands on a host of taxpayers. Dividend tax is up two per cent for basic and higher rate taxpayers, with the latter now hit by a [...]
OpenAI calls for ‘tax on automated labour’ as it sounds alarm on economic risks April 7, 2026 OpenAI has called for a tax on automated labour as the firm laid bare the scale of the structural risks to the global economy that could be wrought by the rise in artificial intelligence. In a wide-ranging set of proposals in a paper described as “Industrial Policy for the Intelligence Age”, the ChatGPT maker called [...]
‘A whole civilisation will die tonight’: Trump ramps up Iran threats as deadline draws nearer April 7, 2026 Donald Trump has dialled up his threats on Iran warning a “whole civilisation will die tonight” ahead of his latest looming deadline for Iran. The chaotic sentiment has rocked markets across Europe after indexes struggled to find direction during early trading. The FTSE 100 see-sawed between gains and losses as the City market returned from [...]
14 charts reveal the massive challenges facing UK and NATO defence spending April 7, 2026 Defence spending is casting a shadow over Downing Street. Military officers are in a state of despair. The choices facing Sir Keir Starmer are stark. The political calculus for the Chancellor, Rachel Reeves, has become more complicated than ever as the Iran war puts public finances in danger. Their difficulties go back to February 2025 [...]
Trump turmoil in Asia sends chills through Seoul while China keeps its cool April 6, 2026 The war in the Middle East has sent shockwaves through global markets, stoking volatility across exchanges and asset classes everywhere. But one region, Asia, has been particularly exposed, due to its position at the forefront of the daily trading cycle. As the latest on-the-ground headlines line up alongside President Donald Trump’s erratic social media posts [...]
From jet fuel to fertiliser – economic pain is heading West April 6, 2026 A quiet Easter Sunday was abruptly punctured when US President Donald Trump unleashed a brutal, expletive-filled ultimatum to the Iranian regime. In a post on Truth Social, Trump wrote: “Tuesday will be power plant day, and bridge day, all wrapped up in one, in Iran. “There will be nothing like it!!! Open the f***in’ strait [...]
Jamie Dimon eyes high interest rates, uneven lending and IPO dearth in JP Morgan shareholder letter April 6, 2026 One of the biggest names in global banking issued a stark warning about global political uncertainty and the potential threat of higher asset prices on Monday, while pointing to the faltering pipeline for company flotations. Jamie Dimon, the chief executive of JPMorgan Chase, added his voice to a debate raging in world financial centres on [...]
The 2026 tax year has started. Here’s what you need to know April 6, 2026 The tax year countdown has officially ended and a new year has begun on 6 April, bringing with it an ISA allowance reset and silent tax hikes. While many investors and savers will be breathing a sigh of relief, thinking they have completed their financial admin for at least a few months, being proactive at [...]