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  • Healey tells Bailey to loosen UK banking regulation after tax hike

    October 29, 2026

    John Healey has told Bank of England governor Andrew Bailey to loosen banking regulation “as quickly as possible” after the government raised taxes on the sector in the Budget. The Chancellor wrote to Bailey following the Budget with a direction for the Financial Policy Committee (FPC) to balance its stability mandate with support for economic [...]

  • Autumn Budget 2026: ‘Steady as she goes’ is no good when the economy’s adrift

    October 29, 2026

    John Healey avoided several icebergs but there are nasty storms on the horizon, says William Nixon The Chancellor opened his speech by claiming the Budget would help “steer” the UK’s economy through “global economic storms”. He can be commended for avoiding the twin icebergs of major new tax hikes and pre-Budget speculation that sank Rachel [...]

  • Budget 2026: Households earning over £110,000 locked out of revived Help to Buy scheme

    October 28, 2026

    Households earning more than a combined £110,000 are set to be excluded from the revived Help to Buy scheme, the Autumn Budget confirmed. First-time buyers earning over a combined £110,000 outside London will be locked out of benefiting from the £4.7bn government-backed funding providing equity loans in the Your First Home Scheme, and £140,000 inside [...]

  • British banks vulnerable after outsourcing AI to US tech giants, Bank of England finds

    October 27, 2026

    British banks are becoming increasingly reliant on a handful of foreign tech giants to power their AI ambitions, new research from Bank of England and Financial Conduct Authority has revealed, raising concerns over the City’s dependence on overseas infrastructure. The three largest cloud computing providers account for 79 per cent of reported supplier relationships among [...]

  • Causeway Capital Management Launches Causeway Global Systematic UCITS Fund

    October 27, 2026

    The Irish-domiciled fund expands access to Causeway’s actively managed quantitative global equity strategy.

  • Exclusive: Prem Rugby CEO set for US trip to woo banks and private equity

    October 27, 2026

    Prem Rugby chief Simon Massie-Taylor will embark on a Stateside schmooze next month in a bid to drum up investment into the English game, City AM understands. The chief executive is set to use the break in play provided by November’s international schedule to head to the United States, just weeks after holding talks with [...]

  • Farage: ‘Loathsome’ banks should not be hit with new tax

    October 26, 2026

    Nigel Farage has said that banks should not be hit with new taxes at this week’s Budget in a partial U-turn on his previous position.  Earlier this year, the Reform UK leader vowed to scrap interest payments lenders receive on deposits at the Bank of England, a move that would be widely regarded as a [...]

  • Autumn Budget 2026: What does the bond market want from Healey?

    October 23, 2026

    John Healey is not expected to rock the boat in his maiden Budget next week. Looking at the combustible bond market, that’s probably just as well, writes Ali Lyon. John Healey is, the well-worn cliche goes, walking a tightrope. Boxed in from three directions, the Chancellor could certainly have hoped for an easier backdrop in [...]

  • Business needs to speak up in Britain’s battle of ideas

    October 23, 2026

    Politics is about to get more stark and much more consequential. Business leaders need to be pragmatic, dealing with the government of the day. But it strikes me that in this battle of ideas, they need to stand up for what works – especially when the country we all love is going in the wrong direction, [...]

  • Threats to financial system ‘on steroids’ after AI boom, FCA chief warns

    October 22, 2026

    The unchecked rise of artificial intelligence means the level of risk facing the financial system is currently “on steroids”, according to the boss of the Financial Conduct Authority, who warned that excessive “tick-box” rulemaking would fail to keep pace with increasingly complex threats. Speaking at a City of London dinner, Nikil Rathi said risks to [...]

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