How the Treasury got ‘fed up’ with the Bank of England’s payments plan September 2, 2026 The government moved to more closely monitor the Bank of England’s overhaul of the UK’s payments system after growing frustrated with the sluggish pace of the plans, industry figures have said. The Treasury revealed last week it would begin tracking the central bank’s progress on payments and digital currencies by introducing a new secondary objective [...]
UK economy stuck in ‘slow lane’ as business investment to slump September 1, 2026 A slump in business investment will drag on the UK economy’s potential for growth over the rest of the year as industry chiefs warned that the country was stuck in the “slow lane”. The British Chambers of Commerce has warned that the UK economy is set for a slowdown in momentum over the remaining two [...]
KBRA Assign Preliminary Ratings to London Cards Master Issuer PLC, Series 4 September 1, 2026 KBRA UK (KBRA) assigns preliminary ratings to six classes of notes to be issued under the OnTap Master Trust structure, a UK credit card ABS programme backed by receivables originated and serviced by New Wave Capital Limited trading as Capital on Tap (CoT). The issuance relates to Series 4 (the Series), which will be issued [...]
Healey facing £6bn hit as UK borrowing costs reach highest point since financial crisis September 1, 2026 UK borrowing costs have hit their highest level since the financial crisis as gilts were swept up in a mass rout across global bond markets. The UK government is set to pay a higher rate on debt interest as 10-year gilt yields, the benchmark for borrowing costs, were up by as much as 15 basis [...]
House prices remain sluggish in ‘subdued’ property market September 1, 2026 House prices continued their sluggish run in August, gaining just 0.2 per cent on the previous month, as uncertainty caused by the Iran war and the upcoming Budget in October weigh on the market. The average UK house price grew by 1.6 per cent to £275,465 in the year to August, marking a slight improvement [...]
Shop price inflation hits two-year high as rising energy costs hit consumers September 1, 2026 Shop price inflation has hit a two-year high and is set to climb through the autumn as a surge in energy and commodity costs filters through to consumers, a top business group has found. The British Retail Consortium (BRC), which represents major supermarkets and high street shops across the UK, warned that shop price inflation [...]
Andrew Bailey warns markets are not ready for the rise (or fall) of AI August 31, 2026 The governor of the Bank of England and chair of the Financial Stability Board, Andrew Bailey, has warned that countries are unprepared for the consequences of advanced AI and that the wider economy remains vulnerable to a dramatic market correction triggered by a potential slump in AI and tech stocks. Ahead of a G20 meeting [...]
Government pushes Bank of England to innovate on payments and digital currencies August 27, 2026 The Bank of England will be tracked on its progress on UK payments regulation after it was handed a new objective by ministers. The central bank will be given a new secondary objective to support innovation in payment systems and new forms of digital currencies alongside its main goals of financial stability. The Treasury is [...]
Economists urge Bank of England to halt bond sales as borrowing costs climb August 26, 2026 The Bank of England should abort its costly approach to unwinding quantitative easing, which is stoking the government’s elevated borrowing costs and costing the taxpayer billions of pounds, a group of analysts and bond investors have said. The government’s long-term borrowing costs have risen to levels not seen this century, amid unease at the country’s [...]
Why Manchester City’s £86m Bouaddi signing should ring alarm bells in French football August 25, 2026 Manchester City’s €100m (£86m) signing of Lille midfielder Ayyoub Bouaddi is more than just another example of a super-rich European giant hoovering up a promising talent. It is also the latest sign of French football’s talent drain, a phenomenon fuelled by the Premier League’s ever-growing spending power and the financial struggles of most of Ligue [...]