UK economy tipped to stall as Iran war chokes growth July 12, 2026 The UK’s economy is expected to stall another month as the Iran war continues to choke growth and some industries face slowing output. Gross domestic product (GDP) is expected to have slipped again by 0.1 per cent in May, according to some economists. The UK’s growth update, delivered by the Office for National Statistics (ONS) [...]
IMF offers UK modest growth upgrade despite fresh Iran war tension July 8, 2026 The UK economy is set to grow just one per cent this year, according to the The International Monetary Fund (IMF), following a modest revision from its previous gloomy prediction. The IMF said the consequences Iran war, which has led to continued disruptions across the economically-critical Strait of Hormuz, would soften momentum across the UK [...]
Interest rate cut is ‘off the table’, says Bank of England governor July 2, 2026 Andrew Bailey has said cutting interest rates is “off the table at the moment” in the clearest sign yet borrowing costs are likely to stay elevated for the rest of the year. The Bank of England governor said on a panel at the European Central Bank’s annual conference in Portugal that inflationary pressures following the [...]
Keir Starmer wasn’t weird enough for Westminster July 2, 2026 A Prime Minister more comfortable behind football stands than the dispatch box, Starmer was too normal for politics in the end, writes Tom Harwood.
Sainsbury’s boss urges Burnham to cut energy costs and ‘focus on growth’ June 30, 2026 The boss of Sainsbury’s has urged the next prime minister to address rising energy costs as food inflation continues to concern shoppers. The boss of the UK’s second-largest grocer repeated his earlier calls for the Treasury to engage with the food industry to assist with rising costs following the war in the Middle East. His [...]
Record temperatures boost Sainsbury’s sales but store infrastructure feels the heat June 30, 2026 Sainsbury’s recorded a rise in sales in the first financial quarter, as the May heatwave and a run of public holidays boosted sales but caused its fridges and freezers to break down. Total sales rose 3.1 per cent year on year to £3.1bn, bolstered by a five per cent hike in fresh food purchases, as [...]
Miliband would be ‘disaster’ as Chancellor, says Labour cost of living chief June 26, 2026 Keir Starmer’s cost of living champion has warned that Ed Miliband would be a “disaster” as Andy Burnham’s Chancellor. Lord Richard Walker, who is also executive chairman of budget supermarket Iceland, told BBC Newsnight that the current energy secretary’s net-zero policies are putting an undue burden on household bills. He said: “Climate change is real, [...]
As it happened: Stocks tumble after Apple rattles global markets; UK food exports hit by US tariffs June 26, 2026 Welcome back to the City AM liveblog. Markets are digesting fresh inflationary fears driven by Apple’s price hike as well as renewed threats over the safety of the Strait of Hormuz this morning after a projectile struck a vessel off the coast of Oman. Asian equity markets took a tumble overnight as price increases announced [...]
The world needs an answer on climate finance – it’s London June 22, 2026 The UK is the largest market globally for project-level financing for clean energy, the biggest in Europe for private investment in green tech, and has topped the global green finance centre rankings for eight consecutive edition, says Dame Susan Langley As the City of London Corporation marks the fifth instalment of the Net Zero Delivery [...]
Kaleb Cooper: Brits don’t care about the price of milk June 19, 2026 Brits don’t care about the price of milk, Kaleb Cooper has said, as he urged shoppers to buy more locally-made produce. The Clarkson’s Farm star told City AM that farmers would be “very, very grateful” for price rises if passed on to producers amid a battle to stay profitable in the face of higher costs. [...]