City watchdog launches probe after whistleblower’s death raises questions October 6, 2026 The Financial Conduct Authority (FCA) has launched a probe into how the regulatory body interacted with a whistleblower who recently took his own life. Simon Andriesz, a former managing director at BGC Partners, had blown the whistle on alleged links between the US secretary of commerce Howard Lutnick and convicted sex offender Jeffrey Epstein. He [...]
As it happened: FTSE 100 jumps as oil price eases after crude exports rise October 6, 2026 Welcome back to City AM‘s FTSE 100 liveblog. The oil market is getting some relief as crude exports recover but the price of a barrel is stubbornly holding over the $100 mark. Brent crude – the international benchmark for oil prices – traded near $100 per barrel on Tuesday morning after declining in the previous session. It [...]
Top Tory pleads with young people to stay in Britain October 5, 2026 Shadow chancellor Andrew Griffith has urged young people to stay in Britain and support the Conservatives as he highlighted the Tory pitch to young people amid a row over the party’s commitment to keeping the triple lock pension. In a speech to party members on Monday, Griffith said Tory policies to scrap stamp duty and [...]
NHS may not be able to replace Palantir before £330m deal deadline October 5, 2026 The NHS may not be able to replace Palantir before a crunch deadline on its £330m data contract, raising the stakes for ministers as pressure mounts to cut ties with the US tech giant. The warning comes as ministers weigh Palantir’s future and campaigners ramp up pressure to ditch the company, with more than 44,000 [...]
Scrapping jury trials for fraud and financial cases brings ‘serious concerns’ October 5, 2026 Government plans to push ahead with jury-free trials for certain fraud and financial proceedings raise “serious concerns”, according to the Institute for Government (IFG) and lawyers across the City. The proposal, introduced by former justice secretary David Lammy officially last December, following a recommendation in a review of the court system in England and Wales [...]
UK bank bosses and John Healey set for tax showdown October 5, 2026 When banking lobbyists geared up for an offensive ahead of the 2025 Budget, a tax cut barely made the wishlist. Modest in their ambitions, advocates were preparing to settle for anything that didn’t see their already eye-wateringly high tax bill rise. That is until, City AM understands, officials advised them to make a cut a [...]
UK services sector marks two years of job losses October 5, 2026 The UK’s dominant services sector has suffered two years of continuous job losses despite moderate growth against the backdrop of intense trading disruption and high borrowing costs, new data has indicated. Researchers at S&P Global said a fall in employment over September across services firms meant the sector had now suffered two consecutive years of [...]
Jonathan Reynolds weighs Chinese EV tariffs after sales soar October 5, 2026 Jonathan Reynolds is reportedly weighing up whether to impose tariffs on Chinese EVs as the business secretary grapples with a surge in imports. Ministers are concerned that Chinese carmakers are “dumping” subsidised vehicles into the UK, the Times reported, and are considering adopting the 45 per cent tariff levied on Chinese cars by the EU. [...]
Employers play a bigger role in pensions than imagined October 5, 2026 Every link in the pension chain – from trustees to consultants to employers – has a part to play, writes Lady Mayor Susan Langley For many UK savers, their pension pot will become their single largest asset, bigger than their home. Yet too often the industry loses savers from the conversation entirely between the moment [...]
Startup success is rare enough in the UK without any more taxes October 5, 2026 If our rare startup successes are taxed further, more of our spinouts will end up sold early to foreign buyers and we risk losing their IP.