By: Samuel Norman

Senior City Reporter Samuel is a Senior City Reporter covering banking and fintech as well as stories on capital markets and economics. He also leads on City AM's morning liveblog from 7am everyday. He has previously written for the Daily Mail and The i Paper and worked for Sky News as an election stringer. He enjoys writing in-depth analysis of major blue-chip firms and start-ups and also industry trends. He can be contacted at samuel.norman@cityam.com and posts on LinkedIn and X at x.com/samnormanwrites.

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UK businesses turn to overseas talent and AI as Reeves’ taxes bite

February 9, 2026

British businesses are facing a “trade off” as rising costs for employers push firms into investing in overseas talent and leveraging AI. Whilst businesses are ditching the “wait-and-see” approach that engulfed firms amidst the tax uncertainty ahead of November’s Budget, this has not translated into a hiring upswing, the latest KPMG and REC jobs report [...]
Starmer’s chief of staff Morgan McSweeney resigns over Mandelson appointment

February 8, 2026

The chief of staff to Prime Minister Sir Keir Starmer has resigned following mounting criticism over the appointment of Peter Mandelson to the US ambassadorship. Morgan McSweeney – who succeeded Sue Gray to the post in October 2024 – said the decision to nominate Lord Mandelson as ambassador to the US was “wrong” and he [...]
Union bosses call for another workers’ rights push amid Labour turmoil

February 8, 2026

Union bosses are capitalising on the turmoil across the Labour party leadership to push for another major workers’ rights shakeup as Prime Minister Keir Starmer tries to fend of a rebellion from the left. The government is being urged to go beyond its manifesto commitments and hand all workers the right to guaranteed hours – [...]
Peter Mandelson should return five-figure payoff after being sacked, says minister

February 8, 2026

A Cabinet minister and key ally of the Prime Minister has said Peter Mandelson should return the payoff he bagged after being sacked as the UK’s ambassador to the US. Work and Pensions Secretary Pat McFadden told Sky News Mandelson should “give [the payoff] back or give it to a charity, perhaps one involving violence [...]
Starling founder Anne Boden cuts stake in £4bn fintech

February 6, 2026

The founder of UK fintech Starling has slashed her stake in the digital bank during a secondary share sale, City AM can reveal. Anne Boden, who launched Starling in 2014 after stints at Allied Irish Banks and Lloyds, cut her holdings in the digital bank to near 2.7 per cent from a previous 4.3 per [...]
Households to pay more for BBC TV licence, government confirms

February 6, 2026

Households across the country will see their bills rise after the Labour government increased the TV licence fee that funds the BBC. The Department of Culture, Media and Sport said on Friday that the annual levy will be increased to £180 from 1 April. This marks a £5.50 yearly increase. The move follows rules brought [...]
TSB’s profit soars ahead of Santander takeover

February 6, 2026

Profit at high street lender TSB soared in the latest financial year as the bank slashed costs ahead of its landmark takeover by Santander. TSB’s pre-tax profit hit £350.4m in 2025, a 20.7 per cent jump from the year prior. The growth was fuelled by rising income streams and falling costs, even as the bank [...]
FTSE 100 Live: Starmer unease rattles markets; Big tech sell-off

February 6, 2026

Good morning and welcome back to the City AM liveblog. Speculation over Keir Starmer’s future has unleashed a fresh round of market unease as investors dumped the pound, UK equities and long-dated government bonds amid rising political uncertainty. The gulf in price between the UK’s short- and long-term debt – known as the yield curve – reached [...]
Banks ombudsman complaints slump after Treasury overhaul

February 5, 2026

Complaints to the banks ombudsman fell to the lowest level in two years in the last quarter of 2025 as changes from regulators and Treasury ease the caseload. Between October and December the Financial Ombudsman Service (FOS) received 47,300 complaints – a major drop from the 68,400 lodged the year prior. It also maintains a [...]
UK construction ‘exits tailspin’ but job losses persist as housebuilding slumps

February 5, 2026

The UK’s struggling construction sector showed signs it was turning a corner at the beginning of the year even as job losses and shrinking order books persisted. The latest construction Purchasing Manager’s Index (PMI) from S&P Global – which serves as a headline index tracking industry activity – edged up to 46.4, up from 40.1 [...]

£9bn in housing funds sit idle in council accounts

UK Sport: We invest £32m in winter sports because Britain cares deeply

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Samuel Norman

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