Barclays takes shot at tax speculation as UK growth forecast cut April 28, 2026 Barclays has taken a shot at the wave of tax speculation surrounding the industry as the bank trimmed its growth output for the year ahead. Fears the banking sector might be targeted for a cash grab have gathered pace following the war in Iran, amid concerns over mounting cost pressures. The Middle East conflict is [...]
Jenrick to re-write ‘Britannia Card’ plan for wealthy investors April 27, 2026 Reform UK are set to revise the terms of its ‘Britannia Card’ proposal, which was drafted as the party’s bid to lure wealthy foreign investors to the UK, Robert Jenrick has revealed. Jenrick, who is Reform’s Treasury spokesman, hinted that party officials were working on a proposal that was “even better” than a policy announced [...]
Bank of England dissenters expected to back interest rate hikes April 27, 2026 Economists have suggested that at least two members of the Bank of England’s Monetary Policy Committee (MPC) could vote for interest rates to be hiked later this week. Analysts at JP Morgan, BNP Paribas and Goldman Sachs have predicted that hawkish policymakers will push back against leaving interest rates unchanged. The Bank’s chief economist Huw [...]
Bank of London: Peter Mandelson-backed fintech sees losses widen April 27, 2026 The Bank of London’s parent company had made another steep loss in fresh accounts that were delayed for the second consecutive year. The embattled clearing bank’s parent company, Oplyse Holdings, made a loss of £46.9m in 2024, bringing the firm’s cumulative deficit to £167.7m. Fresh accounts for Oplyse Holdings – which was formerly known as [...]
Economy could suffer for eight months after Iran war ends, minister says April 26, 2026 Surging food and energy prices caused by the Iran war could last for more than eight months after the conflict ends, Starmer’s right-hand man has said. Higher petrol, food and plane ticket prices will persist for “eight-plus months” following the end of the conflict, chief secretary to the Prime Minister Darren Jones said. The minister [...]
Tax raids trigger worst start to year on record for businesses April 25, 2026 Tax rises under Labour coupled with the war in Iran have triggered the worst start to the year for businesses on record. Fewer businesses were set up in the first three months of 2026 than in the same period of any year on record, according to figures from the Office of National Statistics. Just 78,655 [...]
‘Outlook uncertainty’: Interest rates to be left unchanged in crunch decision April 24, 2026 The Bank of England is set to leave interest rates unchanged at a highly-anticipated meeting on Thursday as investors are looking for further guidance on the impact of the Iran war on the UK economy. Markets have all but priced in a hold at the Monetary Policy Committee’s next meeting, which would leave interest rates [...]
Bank of England: Firms are bracing for price rises and job cuts April 24, 2026 Firms believe that employment will decline and inflation will hit four per cent in the next year, research by the Bank of England has shown, as tensions mount over spiralling wage and price growth over the next year. The Bank’s latest decision maker panel, a survey of business owners on price expectations, has fuelled concerns [...]
‘There’s a lot of risk out there’ – Bank of England warns of market ‘adjustment’ April 24, 2026 A top Bank of England official has warned that global markets could fall even further with current share prices not reflecting the economic risks at play. Sarah Breeden, the Bank’s deputy governor for financial stability, said: “There’s a lot of risk out there and yet asset prices are at all-time highs. “We expect there will [...]
Inflation fears push slump in demand for City offices April 24, 2026 Demand for office space in the Square Mile slid in the first quarter of the year as investors stalled decision making following the outbreak of war in Iran. Office property demand fell by 23 per cent year on year in the City of London and 14 per cent in the capital as a whole in the [...]