As it happened: FTSE 100 slide as oil price jumps; Global bond yields higher October 7, 2026 Welcome back to City AM‘s FTSE 100 liveblog. Global markets are swimming in the red as the price of oil trends higher following tensions in the Middle East offsetting a rise in supply. Brent crude – the international benchmark for oil prices – tipped over $101 per barrel on Wednesday following intensified attacks on tankers in the [...]
Labour’s band-aid won’t save the justice system from collapse October 7, 2026 When the buildings designed to deliver justice are infested with rats, it is no surprise that the system itself is rotting from the inside out, writes Maria Ward-Brennan. The terrible state of the justice system is by now well understood, but with the government’s most controversial plan to relive the pressure now partially scrapped, the [...]
Will anyone turn Badenoch’s looming battle into a tapestry? October 7, 2026 The Tory party has been enjoying itself in Birmingham, not least thanks to the delightful wheeze of mocking up the Bayeux Tapestry to tell the story of British politics under Labour’s first two years in power. The exhibition may well prove to be among the most popular offerings at the party conference; behind Jeremy Clarkson [...]
‘Serious concern’: City watchdog accused of withholding information in motor finance row October 7, 2026 The City watchdog is coming under pressure to release its communications with the Treasury and modelling data for its controversial motor finance redress scheme, City AM can reveal. The Financial Conduct Authority (FCA) is facing legal challenges from the finance arms of Volkswagen and Mercedes Benz as well as French-owned CA Auto Finance over its [...]
The case against devolution? Wales’ declining education system October 7, 2026 Devolution is great when it works. But where are the sanctions for poor outcomes like Wales' appalling education results, asks Paul Ormerod.
Stages of tax grief: Is it time for bankers to bargain? October 7, 2026 Banks are in the firing line at the Budget and in a meeting with bosses on Tuesday chancellor John Healey played coy on any increased rates. In this week’s column Samuel Norman looks at what trade-off could be made. Also on the cards, fresh data shows fintechs are lurching ahead of the incumbents on customer [...]
Badenoch says next election is ‘battle for the soul of this nation’ October 6, 2026 Kemi Badenoch will argue that the next election will be the biggest “battle for the soul of this nation”t seen in at least half a century as Tory officials gear up for the prospect of an early election. In her main speech on Wednesday, Badenoch will say that partly leaders will wrestle over a “battle [...]
UK AI health rules could give firms ‘competitive edge’ as ministers back overhaul October 6, 2026 Experts have said Britain’s new approach to regulating AI in healthcare could give UK tech firms a “competitive edge” by letting them prove their technology in the NHS earlier. The UK government on Tuesday accepted all 44 recommendations of the National Commission into the Regulation of AI in Healthcare, paving the way for a shake-up [...]
Badenoch to offer tax cuts as Tories pitch ‘credible alternative’ to Labour October 6, 2026 Expectations are growing that Kemi Badenoch will announce “multiple” tax cuts in her flagship speech at the Conservative Party conference, with announcements on national insurance and inheritance tax set to take centre stage. The Tory leader is looking to boost her support base among Britain’s middle classes as she warned that an early election would [...]
Huge £45m bill for Peckham Rye station upgrade branded ‘scandalous’ October 6, 2026 The huge £45m bill to give Peckham Rye station step-free access – which is backed by a top Cabinet minister – involves forcing builders to use handheld tools to carve bricks and demolishing an art centre in order to complete the works, City AM has found. On Tuesday, energy secretary Miatta Fahnbulleh launched a petition [...]