Wes Streeting urges Labour to help youth ‘as an emergency’ May 20, 2026 Wes Streeting has called on the government to support young people “as an emergency” in a resignation speech that accused Sir Keir Starmer of leading a losing battle against Reform UK. Streeting said he supported Chancellor Rachel Reeves’ economic agenda before the Iran war broke out and upended policy-making, though he suggested the Labour leadership [...]
Starmer scrambles to limit fuel shortage hit May 20, 2026 Sir Keir Starmer has spelt out a number of policies to address fuel shortages, signalling the government’s fears that the Iran war could hit motorists and households. During Prime Minister’s Questions, Starmer defended an announcement last year to “phase” new sanctions on Russia, while also trailing a policy to freeze a 5p fuel duty cut [...]
British Land: Return to office debate is over May 20, 2026 British Land has declared the debate over returning to the office “over,” as it prepares to capitalise on constrained supply and a “wave of demand” for commercial property from AI firms. The FTSE 100 property developer saw its profit before tax jump by 32 per cent to £450m in the year to March, as the [...]
M&S boss says supermarket price caps ‘completely preposterous’ May 20, 2026 The boss of M&S has dubbed government proposals to urge supermarkets to cap the prices of foods as “completely preposterous”. Stuart Machin, chief executive of the retail giant, called on the government to cut red tape and taxes on grocers instead of pressuring supermarkets to cut prices. The Treasury has reportedly been asking supermarkets to [...]
Notice Regarding Capital Participation in Airborne Capital Limited and Expansion of Business Alliance May 20, 2026 Airborne Capital Limited: To whom it may concern: Daiwa Securities Group Inc. Airborne Capital Limited On May 20, 2026, Daiwa Securities Group Inc. (President and CEO: Akihiko Ogino, hereinafter, “Daiwa Securities Group”) and Airborne Capital Limited (CEO: Ramki Sundaram, hereinafter, “Airborne Capital”) are pleased to announce that they have agreed on Daiwa Securities Group’s capital [...]
Inflation drops as Labour subsidies delay price surge May 20, 2026 Inflation dropped slightly compared to the result in the month before as Chancellor Rachel Reeves’ Budget policies stalled an expected surge in price growth. The Office for National Statistics revealed that the consumer price index (CPI) reading was 2.8 per cent, lower than expected by City forecasters. The data for price growth in the year [...]
As it happened: FTSE 100 rises as oil slips; Analysts warn of ‘short-lived’ inflation drop May 20, 2026 Good morning and welcome back to the City AM liveblog. The City has welcomed news of undershooting inflation this morning, but warning signs already suggest it’s a temporary blip. The Consumer Price Index rose 2.8 per cent in the 12 months to April, that’s under the three per cent pencilled in and a major drop [...]
Uefa probes Brighton and Hearts connection under Tony Bloom ownership May 20, 2026 Uefa is scrutinising the relationship between Hearts and Brighton and Hove Albion, with both clubs connected to Tony Bloom on course to qualify for Europe. Brighton owner Bloom holds a 29 per cent stake in Hearts – deliberately below the 30 per cent threshold Uefa prohibits owners from holding in more than one club in [...]
Are we in the calm before the economic storm? May 20, 2026 There is a palpable sense of being in the calm before the storm. Thanks to the backward-looking nature of most economic data releases, we’re being fed glimpses of the gathering gloom. The latest GDP growth data from the ONS covered Q1 and came in at a respectable 0.6 per cent. However, it has been widely [...]
Billionaire exodus should not be UK’s headline concern May 20, 2026 Billionaires are good for headlines, but it's what's happening lower down the corporate food chain that interests Susannah Streeter.