Public sector makes wage growth higher than expected August 18, 2026 Wage growth was higher than expected as pay offers in the public sector far outweighed growth in the private sector, new data has revealed. Official statistics have shown that wage growth, including bonuses, reached 4.1 per cent between April and June compared to a market forecast of four per cent. This was still lower than [...]
City law firm sues prominent Emirati business family August 18, 2026 London-headquartered law firm Charles Russell Speechlys has initiated legal action against investment entities controlled by the prominent Emirati business family Al-Sari, City AM can reveal, marking the latest development in an ongoing multi-jurisdictional dispute with its former client. The case stems from overlapping legal challenges involving entities in the Al-Sari family’s portfolio. The law firm, [...]
Elavon renews partnership with Sage to simplify payments for growing businesses August 17, 2026 Elavon, the merchant payment division of U.S. Bank and one of Europe’s leading global merchant acquirers, and Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses, have renewed their long-standing partnership to continue delivering simple, seamless and scalable payment solutions to even more Sage customers across the United Kingdom [...]
Soaring energy bills set to fuel inflation spike August 16, 2026 Rising energy prices are poised to send UK inflation rearing back up, as economists warn that the summer boost to the economy could be fleeting. The rate of Consumer Prices Index (CPI) inflation is tipped to rise to 2.9 per cent in July, climbing from June’s 15-month low of 2.6 per cent, when the Office [...]
War and tax: How the UK economy could get knocked off course August 13, 2026 Labour ministers may have some reason to be cheerful about the UK economy’s performance. Torsten Bell, the pensions minister who has long desired top jobs in the Treasury, lambasted “gloomsters” shortly after official data revealed growth in the second quarter of the year was 0.4 per cent. Even Rachel Reeves, who has remained largely silent [...]
UK economy weathers Iran war shocks but slowdown incoming August 13, 2026 The UK economy grew 0.4 per cent between April and June, official data has revealed, in a sign that businesses and consumers have so far weathered the worst shocks of the war in Iran. The growth figure from the Office for National Statistics was in line with analysts’ expectations but came alongside a surprise boost [...]
Devolution should mean regions competing for investment August 13, 2026 The next phase of devolution should focus less on how funding is distributed and more on how growth is rewarded, says Gus Wiseman For more than 30 years, governments have tried to rebalance England’s economy by directing funding towards regions outside London and the South East. Many of those programmes have delivered worthwhile projects, but [...]
Martin Williams on his favourite Toast the City venues August 12, 2026 Ahead of Toast the City this October, our restaurant columnist on his favourite City spots Bank is almost unrecognisable from when I began my career in the area with Gaucho in 2004. I went on to become MD of the brand before leaving in 2014 to take an entrepreneurial journey, founding M on Threadneedle Street. [...]
Emergency government meeting held over high temperature amid ‘strain on public finances’ August 12, 2026 The government will hold an emergency meeting to discuss the country’s response to this summer’s high temperatures and drought amid fears that it will add a “strain” on the public finances. Prime Minister Andy Burnham will chair the ‘Cobra’ meeting of ministers overseeing health, water, housing and local government, as well as officials from agencies [...]
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 [...]