Central banks throw weight behind Fed after Trump assault January 13, 2026 Some of the world’s most prominent central banks have issued a full-throated support of the Federal Reserve and its chair Jay Powell, after Donald Trump’s campaign against its independence escalated with a Department of Justice legal action. In an unusual joint intervention, 11 central banking chiefs declared they stood in “full solidarity” with the Fed’s [...]
Business confidence lowest in nearly five years, BDO says January 12, 2026 Business confidence fell to its lowest level in nearly five years, an advisory company indicated, as the Labour government is expected to oversee a small improvement in the UK economy this year. BDO’s optimism index, which tracks sentiment by surveying 4,000 executives, dropped to its weakest reading since January 2021 at the end of last [...]
On this day 1799: Britain’s first income tax January 9, 2026 On this day, 9 January 1799, Britain introduced its first 'temporary' income tax. Workers have been vexed ever since, writes Eliot Wilson.
City pushes back against closer ties with EU January 9, 2026 Keir Starmer’s plan to foster closer economic ties with the European Union is likely to exclude financial services after senior City figures pushed back against the reintroduction of EU regulations. The prime minister has called for “closer ties” with the EU in a bid to boost economic growth, with senior cabinet members including justice secretary [...]
Fiscal rules are a ‘self-awarded badge of honour’ that ‘make no difference’ January 9, 2026 Fiscal rules are “largely ineffective” and fail to impose discipline on public expenditure, a new report has said, bringing into question claims made by UK Chancellors and the International Monetary Fund that a clear list of targets can stabilise public finances. Chancellor Rachel Reeves has held up her “iron-clad” fiscal rules, which hinge on changing [...]
Peers warn ‘passive’ Treasury not aware of private credit risks January 9, 2026 The Treasury is being too passive about the risks posed to the economy by the rapid growth of private credit in the UK, according to an influential group of peers who accused ministers of “handing out the donkey work” of overseeing the sector to regulators. In fresh report examining the systemic risk posed by private [...]
AI caution and uninvested capital: Private equity predictions for 2026 January 8, 2026 Private equity deals will “take longer” this year as firms continue to ramp up their use of a controversial tactic to hold onto assets for longer in order to maintain their value. Partners at law firm White and Case expect general partners to continue to hold onto a significant number of assets which were originally [...]
Bosses hold up wage growth expectations amid inflation tensions January 8, 2026 Company bosses have cut their wage growth expectations for the year ahead, Bank of England data has suggested, with inflation pressures on Britons easing. Finance chiefs across private sector firms are set to raise wages by smaller amounts than seen in the last year, which could sway some Bank policymakers to lower borrowing costs further. [...]
Don’t buy into the negativity. Here’s why I’m optimistic for the UK economy January 8, 2026 the UK economy has been lost in a sea of headlines about its impending decline. Bob Wigley says he's done with the doom and gloomerism.
Mark Kleinman: What’s in store for the Square Mile in 2026? January 8, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Not great, not awful: a fair summary of my corporate predictions for 2025. On the plus side, I was right to forecast a bid for ITV, or at least part of it, and correct that Thames [...]