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      Nato: Starmer’s defence spending pledge lagging behind

      Rachel Reeves will look to offer entrepreneurs tax breaks in her battle to keep her headroom intact.

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Politics

  • Nato: Starmer’s defence spending pledge lagging behind

    Politics

    Sir Keir Starmer’s pledge to upgrade the armed forces is facing renewed scrutiny after official Nato figures suggested that spending in defence was lagging ahead of a crucial expenditure target in 2027.  Starmer said last year that the government would increase spending on defence to 2.6 per cent of GDP from 2027.  But Nato, the [...]

    Rachel Reeves will look to offer entrepreneurs tax breaks in her battle to keep her headroom intact.
  • UK economy set for second lowest growth in G7 – OECD

    Economics

    The UK economy is set to suffer the second lowest growth and second highest level of inflation in the G7, the OECD has predicted, in a damning set of forecast revisions for the Labour government and the Bank of England.  Growth in the UK will slow to around 0.7 per cent, according to the OECD, [...]

    The UK economy has seen low growth under Chancellor Rachel Reeves.
  • FTSE 100 Live: OECD slashes UK growth prospects as inflation set to jump

    Markets

    Good morning and welcome back to the City AM liveblog. The White House’s Press Secretary has said the US is “very close” to meeting its objectives in the Iran war, though offered no specific timeline on when the conflict could come to a close. But Iran’s foreign minister has said the country has “no intention [...]

    North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.
  • Starmer says he doesn’t hold power to approve North Sea projects

    March 25, 2026

    Sir Keir Starmer has said he doesn’t hold legal powers to approve fresh exploration of North Sea oil and gas fields, with the decision falling in the hands of net zero secretary Ed Miliband. Starmer said current legislation determined that a quasi-judicial decision relating to cases for more gas extraction at Shell’s Jackdaw site and [...]

  • Tories would welcome Claire Williams to party after former F1 owner’s comments

    March 25, 2026

    The Tories would welcome former Formula 1 team owner Claire Williams into their ranks after she expressed an interest in a political career. Williams, who once ran the eponymous Formula 1 team, which she sold for $150m in 2020, told City AM that she would be interested in going into politics once her child had [...]

  • Peter Kyle hints at push for EU customs union return

    March 25, 2026

    Business and trade secretary Peter Kyle suggested joining the EU’s customs union could improve the UK’s economic prospects, with new data suggesting that trade flows in London boomed last year.  After being asked twice whether war in the Middle East provided a stronger case for the UK to join the customs union, Kyle refused to [...]

  • Price growth set to almost double yet interest rate hike uncertain

    March 25, 2026

    Price growth could jump to as high as five per cent within months, economists have said, leaving the outlook for interest rates more uncertain.  Top City economists said they expected inflation to rise to nearly double the rate seen just before war in the Middle East broke out, leaving the Bank of England with a [...]

  • Iran mocks Trump’s peace talks as oil price takes sharp drop

    March 25, 2026

    The Iranian regime has mocked claims from Donald Trump that talks to end the war were progressing as markets struggle to digest a mixed bag of messages. Tehran downplayed expectations of any immediate ceasefire, following emerging reports that the US had offered a 15-point ceasefire plan. The President said the US was in “productive” talks [...]

  • The UK went into this crisis weak and may emerge from it broken

    March 25, 2026

    Keir Starmer may take every opportunity to stress that the UK isn’t involved in the war and wanted nothing to do with it, but our economy is nevertheless entirely at the mercy of events taking place 4,000 miles away. The prospect of a negotiated settlement (at least anytime soon) feels remote and that uncertainty is [...]

  • Has YouGov been barraged by Farage?

    March 25, 2026

    Nigel Farage has never been shy in locking horns with big business. Just ask Dame Alison Rose, whose stint at Natwest came to a sharp halt after a row with Farage over a debanking. The British banker resigned after Natwest admitted to “serious failings” in closing the Reform UK leader’s account at its high-net-worth subsidiary [...]

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