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UK economy

  • As it happened: FTSE 100 gives up gains as oil rises despite emergency release; UK GDP revised

    September 30, 2026

    Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more

  • Exclusive: Mayors can use tourist tax to ramp up borrowing, Burnham tells business

    September 30, 2026

    Andy Burnham has looked to justify his new uncapped “tourist tax” to business chiefs by claiming it will allow mayors to ramp up borrowing, City AM understands. In various meetings at Labour’s Business Day, top business groups were told by ministers the so-called overnight stay levy will let mayors take on more debt and use [...]

  • James Reed: Celebrating wealth could energise young people

    September 30, 2026

    Fostering a more supportive and celebratory culture around wealth creation could help inspire more young people, writes James Reed.

  • Burnham sets out his socialist stall and business barely gets a mention

    September 30, 2026

    We were told to expect a speech that would leave no room for doubt about what Andy Burnham believes in, and we got one. There might not be much detail yet about how the Burnham Revolution will unfold but there is no ambiguity, either. The Prime Minister painted a vision of what this country could [...]

  • The state wants to ‘buy British’. But the British don’t want to work with the state

    September 30, 2026

    The government's drive to 'buy British' is futile if British companies don't want to sell to them, writes Joe Hill.

  • Deloitte UK advisory arm rebounds to growth as new boss insists AI ‘can’t replace lived experience’

    September 30, 2026

    Big Four giant Deloitte’s new UK boss, Darren Graves, insisted AI “can’t replace lived experience” as the firm’s advisory arms return to growth. Revenue for the year ended 31 May 2026 for the UK arm was up 2 per cent to £5.81bn, with growth across all businesses. The firm’s technology and transformation arm led with 4 [...]

  • Revolut and Nubank want to make neobanking their world

    September 30, 2026

    Nubank’s takeover talks with Monzo shocked the City. In this week’s column, Samuel Norman takes a look at how and why a deal might emerge and the battle that lies ahead with Revolut. Around a decade ago, a handful of colourful plastic cards found their way into Brits’ wallets.  Monzo was one of the first, [...]

  • Reform UK and Tories attack Burnham’s triple lock pension move

    September 29, 2026

    Reform UK and Tory leaders have hit out at Andy Burnham’s plans to drop the triple lock on pensions in a future Labour manifesto, setting up a clash on a policy which previously had the backing of all major political parties. On Tuesday, the Prime Minister said he would lead his party on a pledge [...]

  • End the non-competes! Tech bosses warn ‘unfair’ rules are choking UK growth

    September 29, 2026

    Some of Britain’s leading tech founders have called on the government to tear up “unfair” employment restrictions they say are choking growth and leaving UK startups struggling to compete with Silicon Valley. The bosses of Elevenlabs, Synthesia, Fuse Energy and a string of British AI startups have signed an open letter published on Tuesday demanding [...]

  • End of triple lock: What is the double lock and will it work?

    September 29, 2026

    Andy Burnham has pledged to drop the triple lock on state pensions for a so-called ‘double lock’ in Labour’s next manifesto in order to pay for his new National Care Service. In an address to party members, Burnham confirmed the existing triple lock mechanism will remain in place for the remainder of this parliament before [...]

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