Reeves sends Labour MPs warning over bond market wrath May 14, 2026 Chancellor Rachel Reeves has sent anxious Labour backbenchers a stark warning on the wrath of bond markets in a bold intervention. After walking into Downing Street on Thursday morning, the Chancellor told the BBC that leadership battles risked “plunging the country into chaos”. She demanded that backbenchers maintained support for the Prime Minister as she [...]
Charging up: National Grid to invest a further £70bn into energy networks May 14, 2026 National Grid has confirmed its commitment to invest an additional £70bn across the next five years into energy networks across the UK and US, as it continues its pivot towards becoming a net-zero energy system. The FTSE 100 company doubled down on its ambition to invest in energy infrastructure in its latest financial results, which [...]
Revolut bags watchdog approval to beef up UK wealth offering May 14, 2026 Revolut has received the regulatory green light to bulk up its wealth management offering, marking one of its first major expansions in the UK after bagging its banking licence. The $75bn juggernaut’s trading arm has secured a Variation of Permissions from the City watchdog, which allows the firm to broadened the scope of regulated activities [...]
Rayner says she has been cleared by HMRC in fresh Labour leader twist May 14, 2026 Angela Rayner has said she was cleared by HMRC of deliberate wrongdoing or carelessness over her tax affairs, which is set to shake up a divided Labour Party just as Sir Keir Starmer‘s leadership seemed poised to fall apart. Rayner said that she settled a case of unpaid stamp duty and added that she had been [...]
UK enjoyed surprise growth in March but economy ‘in for a rough ride’ May 14, 2026 The UK economy’s momentum continued as growth was higher than expected in March, official figures have shown, in what may precede months of expected gloom. The Office for National Statistics (ONS) has revealed that GDP growth was 0.3 per cent in March. This contributed to overall growth of 0.6 per cent in the first quarter. The [...]
The King’s Speech was overshadowed by the Westminster clown show May 14, 2026 Put the current political chaos from your mind for a moment and imagine that Keir Starmer wasn’t under threat. Imagine a version of the Prime Minister – still unpopular and still struggling to engineer economic growth – but at least with the full backing of his cabinet and MPs. Under such circumstances, yesterday’s King’s Speech [...]
Starmer to face challenge from Streeting May 13, 2026 Sir Keir Starmer is set to face an imminent leadership challenge from health secretary Wes Streeting, according to reports, as Labour’s infighting explodes into open war. The Prime Minister attempted to use the King’s Speech – setting out his legislative agenda for the year ahead – to regain the initiative, promising “radical change.” But minutes [...]
King’s Speech: Under Labour, Britain looks like a bad bet May 13, 2026 Today’s King’s Speech offered no solutions, just a failing government doubling down on its mistakes, says Mel Stride The King’s Speech will not restore confidence. It will not tame inflation. It will not bring borrowing down. And it certainly will not convince markets that under Keir Starmer’s Labour, Britain has a government with a grip [...]
King’s Speech shows incremental change is all Starmer knows May 13, 2026 Keir Starmer says incremental change won't cut it, yet his King's Speech was nothing but tinkering and rearranging, writes Matthew Bowles.
City sounds the alarm on pension inheritance tax upheaval May 13, 2026 City grandees have raised the alarm over government plans to overhaul key rules over pensions and inheritance tax. The sweeping reforms will allow scheme providers to retain half an outstanding pension pot to ensure executors can cover potential bills for inheritance tax, or IHT. Due to take effect in April next year, the changes will bring [...]