CBI: 200,000 more Brits to face unemployment this year as growth crumbles June 9, 2026 The UK economy is set for further pain in the months ahead, a top business group has warned, as consumers and businesses across the country suffer the effects of the Iran conflict, surging energy prices and a raft of government tax hikes. The Confederation of British Industry (CBI) has said that around 200,000 more Brits [...]
On this day: Britain’s first banking crisis June 8, 2026 On 8 June 1772 Alexander Fordyce, a partner at Neale, James, Fordyce and Down absconded to France to escape crippling debts caused by a sharp rise in shares in the East India Company, writes Eliot Wilson As 1772 opened, Alexander Fordyce seemed like a wealthy and successful man. He was 42 years old, a partner [...]
Food inflation: First signs of energy cost surge feed through to supermarket shelves as discounts fail to stem price growth June 8, 2026 Supermarket food inflation has risen significantly for the first time this year, a City AM analysis has found, flashing an early warning sign that the surge in energy and freight costs triggered by war in Iran is reaching shelf prices in the UK. City AM reporters gather data on around 200 prices of products across [...]
Santander: Fans to spend thousands watching World Cup from Britain June 5, 2026 Santander have said to expect Brits to fork out thousands to watch the Fifa World Cup from afar this month. Research from the bank reveals that Brits will spend, on average, £630 on eating out and drinking over the 104-match tournament while it estimates over £200 will be spent on takeaways, the same on taxis, [...]
Betfred World Cup Offer 2026: England in White at 66/1 – Bet £1, Get Up to £66 in Free Bets June 5, 2026 Betfred have put together a straightforward World Cup 2026 price boost for the opening England fixture, giving new customers the chance to back England to wear white at an enhanced 66/1. It only costs £1 to get involved, and you can claim the Betfred World Cup offer here, no complicated requirements, just a single pre-match [...]
London house prices fall as Bank of England rate hikes loom over mortgage market June 5, 2026 Fresh insight into the UK’s lacklustre housing market revealed price declines for London and the South East on Friday, while the overall national rate of increase halved for May The closely-watched Halifax House Price Index was released with mortgage holders and would-be home buyers eyeing interest rate rises from the Bank of England (BOE). The [...]
UK Companies Are Leaving Millions of Pounds Exposed and Underperforming June 4, 2026 UK businesses may be losing tens of thousands of pounds annually in missed interest, while also leaving an average of £2 million cash holdings potentially unprotected, according to new research on corporate treasury practices. The findings are based on a survey of 500 UK senior business leaders (CEOs, CFOs, Finance Directors, and Managing Directors) examining [...]
Financial services contributed a tenth of UK economic output in 2025 June 3, 2026 The financial services sector contributed over a tenth of the UK’s economic output in the last year as the industry’s productivity outpaced average momentum. The industry provided a £290bn boost to the UK’s real GDP – a macroeconomic measure that adjusts the value of economic output for inflation – in 2025 marking around 11 per [...]
KBRA Assigns Preliminary Ratings to UK Logistics 2026-2 DAC June 3, 2026 KBRA UK (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of UK Logistics 2026-2 DAC, a CMBS single-borrower transaction. The collateral for the transaction is a £648.8 million limited recourse, first lien mortgage loan originated by Barclays Bank PLC in June 2026. The floating-rate loan has an initial two-year term [...]
OECD: Growth to remain below one per cent as UK economy struggles with unemployment June 3, 2026 What little growth the UK economy will experience this year will be fuelled by high government expenditure, according to the world’s top independent economic organisation. The OECD, the Organisation for Economic Co-operation and Development for long, said public expenditure would “support the economy” even as consumer spending and business investment is set to weaken. The [...]