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By: City AM reporter

All 649 Articles
  • Reeves’ spending review ‘natural point’ to boost defence -IFS

    June 1, 2025

    The Chancellor’s upcoming spending review provides a “natural point” to put the UK on the path to further boost defence spending, an economic think tank has said. Defence and NHS spending will dominate the review, the Institute for Fiscal Studies said in an analysis. It said Rachel Reeves will face “unavoidably” tough choices on 11 [...]

  • Government plan to build munitions factories to ‘better deter our adversaries’

    May 31, 2025

    Building at least six munitions and energetics factories will “better deter our adversaries”, defence secretary John Healey has said as part of plans for an “always on” weapons pipeline. The Government has pledged £1.5bn as part of the strategic defence review (SDR) to set up at least six factories, and will support the procurement of [...]

  • US court won’t lift judge’s block on Trump’s government overhaul

    May 31, 2025

    A US appeals court on Friday refused to allow President Donald Trump’s administration to carry out mass layoffs of federal workers and a restructuring of agencies, leaving a lower court order in place that blocked the sweeping government overhaul. The decision by the San Francisco-based US Circuit Court of Appeals means that, for now, the Trump administration [...]

  • Ukrainian girl killed and another hurt in Russian missile attack

    May 31, 2025

    A Russian missile has hit a front-line region in Ukraine, killing a child and injuring another, as uncertainty remains as to whether Kyiv diplomats will attend a new round of peace talks proposed by Moscow for early next week in Istanbul. Russian troops launched some 109 drones and five missiles across Ukraine overnight and into [...]

  • Hegseth: US will stand by allies against ‘imminent’ China threat

    May 31, 2025

    US defence secretary Pete Hegseth reassured allies in the Indo-Pacific on Saturday that they will not be left alone to face increasing military and economic pressure from China, while insisting that they also contribute more to their own defence. He said Washington will bolster its defences overseas to counter what the Pentagon sees as rapidly [...]

  • ‘No doubt’ UK will spend three per cent of GDP on defence by mid-2030s, Healey says

    May 31, 2025

    Defence spending at three per cent of GDP by 2034 is a firm commitment, John Healey has said. The government has previously set out its “ambition to reach three per cent in the next parliament”, after meeting its pledge to ratchet up defence spending to 2.5 per cent of GDP by April 2027. But the [...]

  • Trump says he will double tariffs on foreign steel to 50 per cent

    May 31, 2025

    President Donald Trump said that he is doubling the tariff rate on steel to 50 per cent, a dramatic increase that could further push up prices for a metal used to make housing, cars and other goods. Trump spoke at US Steel’s Mon Valley Works–Irvin Plant in West Mifflin, Pennsylvania, to discuss investments by Japan’s [...]

  • Competition intensifies to buy UK supermarket stores despite uncertainty

    May 26, 2025

    Real estate investors are increasingly competing to snap up UK supermarkets as a lack of new locations and slow planning processes weigh on developments. Grocery properties are “proving to be one of the most resilient and attractive investment sectors”, according to research by Colliers. Experts at the real estate firm said international and UK investors [...]

  • Broadcaster and former BBC executive Alan Yentob dies aged 78

    May 25, 2025

    Former BBC executive and TV presenter Alan Yentob has died at the age of 78, his family has announced. Yentob joined the BBC as a trainee in 1968 and held positions as controller of BBC One and BBC Two, director of television, head of music and arts, as well as the director of BBC drama, [...]

  • Farage in power would be ‘very bad for this country,’ says Badenoch

    May 25, 2025

    Kemi Badenoch has said it would be “very bad for this country” if Nigel Farage gained power, accusing the Reform UK leader of making empty promises that would unravel in government. The Conservative leader issued the warning as her party dropped to fourth place in Yougov’s latest polling, falling behind Labour, the Liberal Democrats and [...]

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