Government ‘must not delay’ over Abramovich’s £2.5bn Chelsea funds, Tories say March 18, 2026 Shadow chancellor Mel Stride has insisted the government “must not delay taking further action” against Roman Abramovich to unlock £2.5bn held after his sale of Chelsea. The Russian was forced to offload the Premier League club in 2022 after Vladimir Putin’s invasion of Ukraine, with the proceeds of the sale to a consortium led by [...]
Bank of England ‘should wait’ before cutting interest rates, City AM Shadow MPC says March 17, 2026 The Bank of England should “wait and see” how long the war in Iran goes on for before cutting interest rates again, leading economists on City AM’s Shadow Monetary Policy Committee have said. The crisis in the Middle East has pushed up energy prices and heightened fears that the UK economy is heading for a [...]
What happens now after Lloyds Bank’s tech disaster? March 13, 2026 Customers at Lloyds Banking Group were sent into panic on Thursday morning after a number of users opened their mobile app to find rogue transactions that did not belong to them. Screenshots quickly flooded social media with many of the bank’s 28m customers describing their horror at seeing up thousands of pounds of bizarre payments. [...]
Revolut to IPO above $100bn, says former licence boss March 13, 2026 The man who steered Revolut’s pursuit of banking licences in its early stages has said he expects the fintech giant to make its public debut with a price tag north of $100bn. In an exclusive video interview with City AM, Will Mahon-Heap, the former head of international and authorisations at Revolut, said: “I think it [...]
Ambassador Suzuki: Britain and Japan are partners for security and prosperity March 11, 2026 Japan remembers the vital assistance and friendship Britain gave after the devastating earthquake 15 years ago today. Together our countries will face the global challenges of today, says Hiroshi Suzuki Today marks 15 years since the 2011 Great East Japan Earthquake and tsunami, which claimed over 19,700 lives and left over 2,500 people still unaccounted [...]
Kwasi Kwarteng: Labour ‘at risk’ without more tax rises amid bond jitters March 9, 2026 The government risks being plunged into crisis unless it prepares for another bruising round of tax hikes to cover sharp rises in energy subsidies, former chancellor Kwasi Kwarteng has warned. In an interview with City AM, Kwarteng said taxes could be put up as soon as November if the government pushes ahead with proposals for [...]
Oil importing markets’ share prices slide amid Iran energy crisis March 9, 2026 Oil importing markets across Asia and Europe suffered a sharp stock sell-off in early morning trading, after crude oil prices rocketed to their highest levels in four years amid the US-Israel war with Iran. The price of oil breached the $100 (£74.90) mark for the first time since the 2022 energy crisis, which was triggered [...]
Abramovich to fight UK Government over funds from £2.5bn Chelsea sale March 9, 2026 Former Chelsea owner Roman Abramovich has vowed to fight the UK Government if it follows through with a threat to seize the proceeds from his £2.5bn sale of the club. Prime Minister Keir Starmer warned Abramovich late last year that “the clock is ticking” on his pledge to donate the funds to victims of the [...]
Chinese-owned UK chipmaker still awaiting sale after government order March 9, 2026 More than a year after ministers ordered the sale of a Chinese-owned British semiconductor company on national security grounds, the deal has yet to materialise. Glasgow-based Future Technology Devices International (FTDI) remains majority owned by a Chinese state-backed consortium, despite the cabinet office directing investors to divest their stake in November 2024. The company was [...]
Fifa’s credibility is shot because it can’t decide what it wants to be March 6, 2026 Does Fifa want football to be pure sporting competition floating serenely above politics, or a global force for peace? Its current approach is dumbing down, writes Matt Readman. On 21 June 1998, Iran faced the United States at the Fifa World Cup in what was billed as the most politically charged football match in history. Fifa later declared it the match that “football [...]