UK retail sales see modest Christmas rise following Budget January 23, 2026 UK retail sales inched up slightly in December, as consumers returned to the high street for Christmas shopping after the Autumn Budget, but failed to halt an overall fall in purchases during the final quarter. Retail sales volumes are estimated to have increased by 0.4 per cent in December, following falls of 0.1 per cent [...]
Donald Trump hits JP Morgan and Jamie Dimon with $5bn lawsuit January 23, 2026 President Donald Trump has JP Morgan and its top boss, Jamie Dimon, in a $5bn (£3.7bn) lawsuit following claims the banking giant debanked him for political reasons. Earlier this month, Trump blasted America’s biggest bank for “incorrect and inappropriately” discriminating against him after the President alleged JP Morgan stopped offering him services after the Capitol riots [...]
Budget fails to dampen commercial property activity January 23, 2026 Leasing and investment demand for commercial real estate remained high in the last few months of 2025, as the industry swerved Budget uncertainty that rattled the housing market. While growth in demand was slightly tempered by speculation surrounding tax changes, year-on-year figures remained robust among individual spaces. Office space investment demand reported a four per [...]
Consumer confidence has been negative for 10 years January 23, 2026 Consumer confidence inched up slightly this month despite remaining in negative territory, a leading survey has indicated, indicating a degree of “resilience” despite a decade of consumer pessimism. The overall index score on GfK’s closely monitored consumer confidence survey rose by one point while feelings about personal finances over the next 12 months edged [...]
Inflation remains a headache on both sides of the Atlantic January 22, 2026 Donald Trump made many claims in his Davos speech yesterday and there aren’t enough pages in this newspaper to do justice to them all, but his assertion that “inflation has been defeated” is worth considering. With midterm elections coming up Trump knows the cost of living is a real concern, just as it is here, [...]
Coffee and sugar drive surging food inflation January 21, 2026 Sharp increases in the cost of coffee and sugar are behind the high rate of food inflation which is one of the drivers of the surprise inflation rise. The cost of food increased at a rate of 4.5 per cent in the year to December, overshooting the overall inflation rate of 3.4 per cent by [...]
UK’s net zero drive singled out in Trump attacks January 21, 2026 The UK’s net zero policies were singled out in President Trump’s long tirade against European energy struggles at the World Economic Forum in Davos. President Trump described the UK economy’s struggles in stark terms, suggesting that the Labour government had disregarded “one of the greatest reserves in the world” at the North Sea. In his [...]
FTSE 100 rebounds as Trump rules out taking Greenland by force January 21, 2026 Global markets bounced back into the green on Wednesday after President Donald Trump confirmed the US would not use military action to seize Greenland. In his address at the World Economic Forum in Davos, Trump said: “All the US is asking for is a place called Greenland”. “We never ask for anything and we never [...]
Wealthy London boroughs see house prices plummet amid Budget speculation January 21, 2026 Inner London house prices plummeted at their fastest pace since the global financial crisis in November, after property taxes speculation in the lead up to the Autumn Budget and affordability constraints damaged market activity. The 4.6 per cent year on year drop of house prices in the capital in November followed a 4.3 per cent [...]
Citadel’s Griffin condemns Trump’s Federal Reserve attack January 21, 2026 Donald Trump’s onslaught against the Federal Reserve is a political misstep that will put “he and his party in a precarious position”, Citadel founder Ken Griffin has said, in one of the most stinging rebukes from a US business luminary since the White House launched legal action against the central bank last week. Speaking at [...]