Greater fool theory helps to explain Premier League’s record £3.5bn transfer window September 3, 2026 The transfer window has left Ed Warner’s head in a spin and even the most devoted football nut must have struggled to keep up, he writes. The football transfer window closed on Tuesday night, with over £3bn splashed out by Premier League clubs for the second summer running. In the end, Everton didn’t sell their [...]
As it happened: Vodafone leads FTSE 100 rally after TV launch; oil jumps again September 3, 2026 Welcome back to the City AM liveblog. Telecoms giants Vodafone and Airtel Africa led a FTSE 100 rally on Thursday afternoon. Investors brushed off early losses caused by the steep sell-off in the the bond market. Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing [...]
Robert Jenrick: only Reform will cut spending and restore confidence in Britain September 3, 2026 Robert Jenrick, Reform UK’s shadow chancellor, says markets can’t be lectured into trusting Britain. Only a credible plan for spending cuts can restore confidence Andy Burnham infamously declared he didn’t want to be “in hock to the bond market”. Six weeks into his premiership, his bold claim has aged like milk. The bond markets are [...]
Andrew Griffith: Burnham ‘making up stories’ about my role in Truss Budget September 3, 2026 Andrew Griffith has accused Andy Burnham of “making up stories” about his involvement in the disastrous Liz Truss mini-Budget as the new Conservative shadow Chancellor fends off a barrage of attack lines from the Prime Minister following his appointment by Kemi Badenoch on Monday. Addressing the House of Commons on Tuesday and again at Prime [...]
Mortgage nightmare as investors price in three interest rate hikes September 2, 2026 Investors have priced in three interest rate hikes over the next two years as a global bond market rout sent UK gilt yields soaring. Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing costs and putting the UK’s economic stability under threat. The Bank of [...]
Jim O’Neill: Capital gains tax hike ‘looms’ as top option for Burnham September 2, 2026 Lord Jim O’Neill has warned a hike to capital gains tax “looms out” as one of the easiest revenue-raising options for Andy Burnham and his chancellor, John Healey, as the pair draw up plans for their first Budget in October. “They’ve ruled out the three main taxes, so if they’re going to have to find [...]
Burnham will fail unless he pivots on net zero September 2, 2026 Andy Burnham can’t reindistrialise, create jobs or drive down the cost of living while remaining committed to decarbonisation at any cost, says Joseph Dinnage Andy Burnham has promised a political revolution. Through his programme of devolution, the Prime Minister will apparently create new jobs, reindustrialise Britain and preside over new housing. Very laudable. Though he [...]
‘Misleading’ Frasers ad banned amid feud with watchdog September 2, 2026 The advertising watchdog has censured Frasers Group for running a “misleading” ad just days after its finance chief ramped up a bitter row with the regulator. The Advertising Standards Authority (ASA) has banned an online advert published by Sports Direct, which is owned by Frasers, for a Puma sports top which it said misled shoppers [...]
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 [...]
SNP slammed for ‘mind-boggling’ food price cap plans September 1, 2026 The Scottish government has been criticised for its “mind-boggling” plans to impose price caps on major retailers operating in the country, including Tesco, Sainsbury’s and Aldi. The Scottish National Party (SNP) has published a draft bill for the policy, which has been dismissed as an “unnecessary exercise” by leading retailers. SNP leader John Swinney’s initial [...]