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UK economy

  • Londonmaxxing could save the capital’s jobs market

    April 8, 2026

    Can Londonmaxxing help revive the capital's flailing job market? Employment expert Kevin Fitzgerald thinks so.

  • Bank of England: Interest rate hike predictions cool as trader sentiment resets

    April 8, 2026

    Fears of several interest rate hikes being made have eased as traders raved at the news of a ceasefire in the Middle East.  Markets are now pricing in just one interest rate hike as the two-year gilt yield dropped to 4.1 per cent.  The current interest rate is set at 3.75 per cent by the [...]

  • Hargreaves Lansdown users report issues as investors rush to markets

    April 8, 2026

    The UK’s largest DIY investment platform saw users report issues in early morning trading, as investors were left in a state of fury and struggled to manage their portfolios after news of a ceasefire between the US and Iran sent stocks soaring. Users reported a spike in problems with the site upon the London Stock [...]

  • Shell and BP plummet after Trump declares ceasefire with Iran

    April 8, 2026

    FTSE 100 oil stocks plunged in early morning trading as Brent prices fell after US President Donald Trump declared a two week ceasefire with Iran. Oil giant Shell suffered a 7.1 per cent slump, trading at 3,311.4 pence, bringing its rally over the course of the Iran war to a screeching halt. Rival BP recorded [...]

  • Barclays and Lloyds shares pop as FTSE 100 banks rally on ceasefire

    April 8, 2026

    A whopping surge from Barclays and Lloyds led a rally across banking stocks on Wednesday morning as the City welcomed news of a ceasefire in the Middle East. Barclays soared eight per cent as trading in London kicked off, hitting highs of 438p, helping the firm claw back losses made since the start of the [...]

  • Close Brothers shares soar as bank ‘well positioned’ for £320m motor finance hit

    April 8, 2026

    Close Brothers has insisted it is “well positioned” to absorb the financial hit from the City watchdog’s motor finance redress scheme but added to speculation another legal battle could be on the horizon. The FTSE 250 lender told markets on Wednesday morning that it estimates the cost of the Financial Conduct Authority’s (FCA) redress scheme [...]

  • FTSE 100 Live: Blue-chip stocks boom on Trump and Iran ceasefire

    April 8, 2026

    Good morning and welcome back to the City AM liveblog. Markets are in line for a major boom this morning after Donald Trump confirmed a two-week ceasefire with Iran shortly ahead of his latest bomb threat deadline. Trump announced the two-week postponement by stating the US and Iran were “very far along” with a “definitive” [...]

  • A generation risks being put off university just when we need graduates most

    April 8, 2026

    Current public debate, with headlines about student debt, graduate underemployment and a supposedly collapsing graduate jobs market risk the impression that university is no longer a worthwhile investment When Daniela Amodei, co-founder of world-leading AI firm Anthropic, was asked recently whether she regretted her English literature degree, her answer was unequivocal: no. In fact, she [...]

  • Workers’ rights laws couldn’t come at a worse time for businesses

    April 8, 2026

    The government’s Employment Rights agenda is becoming a reality, and the timing could scarcely be worse. As the first provisions of the Employment Rights Act come into force, Britain’s economic outlook is darkening rapidly. Growth is faltering under the weight of an energy shock, inflation is stirring again and businesses are staring down a period [...]

  • Barclays’ high street U-turn exposes a divide in British banking

    April 8, 2026

    In Westminster, the news cycle is never short of drama over U-turns. Subtle tweaks or direct bait-and-switches on policy are batted away by government spokespeople  as mere “pivots” as opposed to full 180-degree turns. But away from all the hoo-ha in the Commons, over in the City an abrupt handbrake turn has left skid marks [...]

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