By: Samuel Norman

Senior City Reporter Samuel is a Senior City Reporter covering all the top financial institutions from retail banks to fintechs as well as stories on capital markets and economics. He has broken stories on some of the biggest names in the City and regularly writes in-depth analysis pieces on companies and industry trends. Samuel also leads on City AM's morning liveblog from 7am everyday. He writes a weekly column found in print and online on Wednesdays. He can be contacted at samuel.norman@cityam.com and posts on LinkedIn and X at x.com/samnormanwrites.

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Bank of England set to overshadow Healey’s Budget with interest rate hike

Economics

The Bank of England is expected to overshadow John Healey’s maiden Budget with a “done deal” interest rate hike aimed at taming soaring inflation, but this threatens to limit economic growth. Top City economists predict the central bank’s Monetary Policy Committee (MPC) will raise the base rate at its November meeting, just one week after [...]
UK government approves Jackdaw production in North Sea boost

Energy

A major gas field in the North Sea has been re-approved by the government following years of legal rows with environment campaigners. The Jackdaw site, a large offshore natural gas field 150 miles east of Aberdeen, has received the official stamp of approval from the government and is expected to supply gas to the UK [...]
FTSE 100 Live: Stocks slide; oil tips over $110 on lack of US-Iran progress

FTSE 100 Live

Welcome back to the City AM FTSE 100 liveblog. London’s blue-chip index is extending losses this week as investors weigh up the rising price of oil. Brent crude – the international benchmark for oil prices – surged above $110 per barrel on Wednesday, resuming its advance following mixed reports on diplomatic progress between the US [...]

‘Own goal’ – City chiefs warn Healey higher bank taxes hurt jobs outside London

October 21, 2026

Top City chiefs are launching last-ditch attempts to stop a punishing tax raid on banks at the Budget, warning the move will hurt jobs and growth outside of London. Rain Newton-Smith, the chief executive of the CBI, is set to warn Chancellor John Healey that increasing taxes on banks would be an “own goal for [...]
Barclays set for investment bank boost as Venkat’s overhaul in focus

October 20, 2026

Barclays‘ investment bank could be in line for another major boost. But Samuel Norman takes a look at the progress investors will be wanting to hear on its latest strategy plans. When CS Venkatakrishnan laid out his sweeping restructuring of Barclays he promised a “simpler, better and more balanced” bank. Key to this was reducing [...]
Starling founder Anne Boden offloads stake at slashed £1.7bn valuation

October 20, 2026

Starling founder has offloaded her remaining stake in the UK fintech at a valuation far below the price the firm was targeting in its latest secondary share sale. Anne Boden has sold her remaining 2.7 per cent stake in Starling as she begins work on a new AI project. She sold the stake at a [...]
Apple faces UK crackdown over iPhone contactless payments

October 20, 2026

Apple could be forced to slash the fees it charges rival payment providers and loosen its grip on iPhone contactless technology under new proposals unveiled by Britain’s competition watchdog. The Competition and Markets Authority (CMA) said on Tuesday that Apple’s high fees and restrictive terms were stifling competition, preventing businesses from developing alternatives to Apple [...]
UK watchdogs push for answers on Google Cloud outage after major banks disrupted

October 20, 2026

UK watchdogs are pushing for answers following an outage at Google Cloud that has led to a major services disruption across British companies on Tuesday. Google confirmed it was facing “issues” in its “europe-west2 region,” which refers to London according to the firm’s cloud service table. It has affected dozens of websites across the UK, [...]
John Healey rules out capital gains tax hike in Budget

October 20, 2026

John Healey has squashed speculation he will raise capital gains tax in the forthcoming Budget after rejecting calls from his Cabinet colleagues. The Treasury was facing lobbying efforts from top ministers, including Louise Haigh and Wes Streeting, to raise the capital gains tax (CGT) rate from its current level of 24 per cent for higher [...]
As it happened: FTSE 100 slides on market pressures; Google Cloud outage

October 20, 2026

Welcome back to the City AM FTSE 100 liveblog. London’s blue-chip index are extending Monday’s losses after a bruising showing following tension in European bond markets. A bond-sell off hit Europe following tensions in France after the Prime Minister introduced a curfew to contain explosive riots. The 10-year yield on French bonds – a direct [...]

Healey’s fiscal ‘dilemma’ ahead of the Budget

Exclusive: Airwallex and McLaren to renew partnership as valuations soar

Business leaders debate the future of the Capital at the Central London Alliance Summit

By: Samuel Norman

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