FTSE 100 Live: Unemployment rises; Debenhams’ £35m raise February 17, 2026 Good morning and welcome back to the City AM liveblog. The UK unemployment rate has risen again this morning, with fresh data from the Office for National Statistics (ONS) showing the rate had surged to 5.2 per cent in the three months to December 2025. This was up from 5.1 per cent in the latest [...]
Keir Starmer U-turns on plans to cancel 30 local elections February 16, 2026 The government has shelved plans to postpone local elections in May for 30 councils in England. Communities secretary Steve Reed says the decision comes “in the light of recent legal advice”, and ahead of a planned High Court hearing that was set for Thursday. According to a letter from the Government Legal Department, shared by [...]
Babcock shares surge as Starmer calls for Europe to ‘step up’ on defence February 16, 2026 Shares in Britain’s defence giants rallied on Monday morning as Prime Minister Sir Keir Starmer called for Europe to “step up” on defence spending. Babcock – which plays a key role in the UK’s nuclear submarine fleet as well as naval, land and air operations – surged nearly four per cent in early trading to [...]
Gloomy Brits’ sluggish spending set to drag on economic growth February 16, 2026 Brits continued to tighten their pockets in January as economists warned sluggish spend from consumers could trigger a “sustained drag on economic growth“. S&P Global’s latest Consumer Sentiment Index (CSI) showed a reading of 44.8, indicating further deterioration across household confidence with the figure remaining below the 50.0 mark that indicates neutrality. Whilst it crept [...]
Why the UK is losing the AI skills race February 16, 2026 What's the use in being the third largest AI market in the world if our workforce doesn't know how to use it, asks IBM's Leon Butler.
Nigel Farage’s war on working from home is vibes-based politics February 16, 2026 Nigel Farage's attack on working from home is designed to increase headlines, not productivity, writes Eliot Wilson.
Natwest and Lloyds shares lead FTSE 100 rally after bruising week February 16, 2026 Natwest led a rally across Britain’s banking giants on Monday morning as lenders patched their wounds after a bruising week on the stock market. The bank topped the FTSE 100’s risers at the starting bell, gaining over four per cent in early trading to 603.60p. Barclays was shortly behind, advancing over 2.5 per cent to [...]
Non-cash ISA understanding low despite government push February 16, 2026 UK savers understanding of non-cash ISA products, is lower than its cash counterpart, reflecting the lack of knowledge surrounding options despite the government push to move Brits away from cash. According to the latest analysis from investment platform Robinhood, just under half of investors confirmed having minimal knowledge of how stocks and shares ISAs work, [...]
Employment Rights Act set to stall hiring, says report February 16, 2026 The government’s new package of employment rights will put a brake on hiring, according to a new report, as businesses worry about the possible risks and costs. More than a third (37 per cent) of businesses surveyed by the the Chartered Institute of Personnel and Development (CIPD) plan to reduce hiring permanent staff as a [...]
Inflation tipped to fall to year-low in boost to interest rate cuts February 16, 2026 Inflation is tipped to fall back to its lowest level for nearly a year in a busy week for UK economic data, with hopes the drop will help accelerate the Bank of England’s rate-cutting cycle. Economists are expecting the Office for National Statistics to show a sharp reprieve in the Consumer Price Index – the [...]