FTSE 100 suffers worst single-day sell-off since May as banks brace for tax raid October 1, 2026 The FTSE 100 has suffered its biggest single-day drop since May as European markets are hit by a continent-wide rout in the bond markets, which has pushed western government borrowing costs to multi-decade highs. London’s blue-chip index dropped by two per cent in early trading, erasing all its gains from the third quarter in a [...]
Burnham’s ‘costly’ policy agenda sparks investor nerves October 1, 2026 Andy Burnham’s “costly” policy agenda and the resurgent threat of inflation are weighing on investors’ appetite for the UK, according to a closely-watched survey of top money managers, which also revealed waning hopes of a rebound in London’s IPO market this year. Berenberg’s Investor Barometer, which polled 300 international investors managing a combined $1 trillion, [...]
James Cleverly: I will fight Labour’s anti-London ‘mansion tax’ October 1, 2026 London will be hit the hardest if Andy Burnham lowers the threshold for the ‘mansion tax’ to £1.5m – which only gets you a flat or an ordinary terraced house in many parts of the capital, says James Cleverly Andy Burnham’s Family Homes Tax is yet another attack on London. Last year, Rachel Reeves announced [...]
UK house prices fall at fastest rate since May as mortgage rates weigh on demand October 1, 2026 UK house prices fell at their fastest pace since May as expensive mortgages and uncertainty ahead of the Autumn Budget fuelled caution among buyers. Prices fell 0.2 per cent during September, faster than economists had expected and reversing August’s 0.2 per cent increase, according to data from Nationwide. The average UK home was valued at [...]
Britain may not be facing economic apocalypse, but it looks that way October 1, 2026 Despite a challenging economic landscape marked by rising inflation and borrowing costs, the UK economy demonstrates unexpected resilience and potential for recovery, says Daniel Mahoney It is fair to say the economic landscape looks bleak. Brent Crude is hovering around $100 a barrel and rising gas prices are set to drive up inflation. Meanwhile, markets [...]
The huge costs facing Andy Burnham – and the financial tightrope he must walk October 1, 2026 Andy Burnham said he didn’t set out to deliver a “tub-thumping conference speech” but it was packed with huge pledges to take control over utilities and expand the state. Maurício Alencar considers just how costly his promises are in the long term – and in the next month. Andy Burnham had all the goodies for [...]
Britain’s oldest brewery mulls future as cost pressures bite September 30, 2026 The family-run company behind Britain’s oldest brewery is exploring its future after wrestling with soaring costs and sliding sales. Shepherd Neame, which was founded in 1698 in Faversham, Kent and is the firm behind classic British beers Spitfire, Bishop’s Finger and Whitstable Bay, said it had begun a strategic review into its brewing operations “to [...]
Burnham to ‘keep distance’ from Manchester City case – yet thanks Abu Dhabi September 30, 2026 Andy Burnham has vowed to not interfere in the Premier League’s battle with Manchester City but admitted he hopes it will not harm relations with Abu Dhabi. The Prime Minister said he would not get “directly involved” in the long-running case that has seen the club found guilty of more than 100 charges by an [...]
‘Not sustainable’ – French borrowing costs soar amid Budget and election uncertainty September 30, 2026 France is facing a period of acute bond market stress that could last several years unless the presidential frontrunners for next year’s election commit to tackling its gaping deficit, analysts have warned. The difference between French and German government borrowing costs – a key metric used to determine French debt risk – widened beyond 120 [...]
Ashes tickets expensive, admits ECB chief Gould September 30, 2026 The CEO of the England and Wales Cricket Board has admitted that tickets to the next Ashes series in 2027 are expensive. Fans will be forced to fork out hundreds of pounds to watch Australia’s Test tour to England next summer, with Edgbaston hiking prices by over 40 per cent when they host the Baggy [...]