Brits think supermarkets are profiteering – despite slowing food inflation August 12, 2026 The majority of Brits think that supermarkets are profiteering from rising food prices caused by the Iran war despite the Chancellor John Healey recently admitting there was little evidence of the practice, new polling has revealed. Some 70 per cent of UK voters believe that supermarkets are making “excessive” profits from food inflation, according to [...]
The European fintech American dream is being called into question August 12, 2026 A double US banking application blow has called into question the fintech dream of landing on Wall Street. In this week’s column, Samuel Norman takes a look at the expansion roadmap for Europe’s top fintechs as well as the latest response to the booming profits in UK banks half-year reports. Denied, denied, withdrawn. That is [...]
As it happened: Stocks jittery as oil nears $90; Trump ‘semi-negotiating’ with Iran August 11, 2026 Welcome back to the City AM liveblog. Oil prices are marching higher for the fourth consecutive session, supported by new uncertainty between the US and Iran and continued agitation over the reopening of the Strait of Hormuz. Brent crude – the international benchmark for oil prices – was holding above $87 per barrel on Tuesday [...]
Burnham should go on a ‘cost of doing business’ tour August 11, 2026 An alarming note from one of the City’s top economists warns that October’s Budget could see taxes rise by almost the same amount as they did last year when Rachel Reeves cooked up £26bn worth of fresh hikes. Ruth Gregory, Deputy Chief UK Economist at Capital Economics, suggests that higher taxes “perhaps worth up to [...]
‘Cost of business crisis’ as government drives up overheads by 70 per cent in a decade August 11, 2026 British companies are facing a “cost of business crisis” as a string of controversial government policies have pushed up an average firm’s expenses by 70 per cent in a decade, one of the country’s largest industry bodies has found. A typical-mid-sized firm is now paying roughly £827,000 more a year than they were in 2016 [...]
Burnham bounce: PM gets popularity boost – at Farage’s expense August 10, 2026 Andy Burnham scored a sharp boost in popularity ratings in July just as Nigel Farage’s ratings cratered, new polling has found. The latest City AM/Freshwater Strategy poll of UK voters has shown that Burnham’s approval ratings jumped by 12 points in July from a net score of zero, making him the most positively received figure [...]
As it happened: Intel, Arm shares slide; Oil climbs higher August 10, 2026 Welcome back to the City AM liveblog. Oil is starting the new week higher and making its third consecutive session for gains after optimism for a peace deal between the US and Iran stalled over the weekend and uncertainty around the Strait of Hormuz persisted. Donald Trump has said the US is “low-keying it” with Iran, [...]
Burnham is wrong. Devolution will only grow Whitehall August 10, 2026 Despite promises to streamline, the Civil Service has only grown and grown. Burnham's devolution will make it worse, says Arthur Reynolds.
Burnham to unveil new cost of living measures on UK tour August 9, 2026 Prime minister Andy Burnham will start a national tour on Monday to hear Brits’ concerns about the cost of living and unveil a series of measures to provide financial support. Burnham plans to use the national tour to tell voters about his 10-year plan for the UK, while also announcing his new policies to “give [...]
El Nino heatwaves to ‘fuel inflation next year’ August 7, 2026 The ‘Super El Nino’ triggering record temperatures across Europe could add a full percentage point to inflation next year, hampering central bank efforts to slow down price rises, a top investment bank has warned. According to an analysis by Jefferies, harsh weather unleashed by the meteorological phenomenon will pose “an inflationary threat” next year and [...]