Badenoch sets sights on battle with the Bank June 24, 2026 The City is in the mood for a regulatory bonfire and Kemi Badenoch hopes to be the one to light the flame. In this week’s column, Samuel Norman looks at the roadblocks she may face on her pursuit. “Don’t forget about Andrew Bailey.” That was the parting shot I got from a former Bank of [...]
Former Bank of England rate-setter to become next OBR chair June 23, 2026 A former rate-setter at the Bank of England and member of City AM’s Shadow Monetary Policy Committee is set to become the chair of the Office for Budget Responsibility, the fiscal watchdog which has come under pressure from MPs and inadvertently leaked last year’s Budget. Jonathan Haskel, professor of economics at Imperial College London, will [...]
White Oak Global Advisors Expands Commitment to UK SME Financing with New Senior-Secured Private Credit Strategy June 23, 2026 White Oak UK (“WOUK”), an affiliate of White Oak Global Advisors (“White Oak”), today announced its plans to launch a new private credit strategy designed to support UK reindustrialisation by providing financing for manufacturing modernisation, industrial capacity, capital equipment, infrastructure and supply chain resilience. The strategy builds on WOUK’s 40-year track record financing SMEs and [...]
Warning lights: UK services suffer worst shock since January 2023 June 23, 2026 Business activity across the UK economy is at a 14-month low, research has suggested, as growth has taken a toll from Labour’s political woes and the impact of the continued trade disruption. The initial estimate for S&P Global’s purchasing managers’ index (PMI) dropped to a score of 49.4 in June, falling further below the neutral [...]
On this day: Brits vote in referendum that changes everything June 23, 2026 The Brexit referendum was 10 years ago today. A decade on, very little has been resolved, says Eliot Wilson There have only ever been three UK-wide referendums. Appealing directly to the electorate on a single issue through a plebiscite fits awkwardly with parliamentary government, as Enoch Powell told the House of Commons in 1972: “The [...]
Five graphs that reveal Burnham’s fiscal headache June 23, 2026 Andy Burnham was not shy with his spending pledges in the run up to victory in Makerfield last week. At various points, the former Manchester Mayor has pledged his party will nationalise water companies, including Thames Water; “stick with” the Waspi women, signalling a potential multi-billion pound payout to aggrieved pensioners; slash rail fares; kick [...]
What today’s central bankers can learn from the late Alan Greenspan June 22, 2026 Former chair of the Fed Alan Greenspan has died today, leaving a great legacy and many lessons for policy makers today, says Ben Ramanauskas Alan Greenspan, Chairman of the Federal Reserve for nearly two decades, died yesterday at the age of 100. While his passing will receive little media coverage due to the resignation of [...]
Baillie Gifford launches UK’s first ever tokenised fund June 22, 2026 Baillie Gifford has launched the UK’s first ever fully tokenised investment fund, in a move that will grant savers the opportunity to invest in short-dated bonds via blockchain-based tokens. The Scottish investment house unveiled its Enhanced Yield Fund on Tuesday, with a mandate actively to manage investors money in a variety of short-term corporate and [...]
Monzo taps into English cricket with The Hundred sponsorship June 22, 2026 English cricket chiefs have added Monzo as a partner for The Hundred ahead of the sixth season of the white-ball competition. Monzo has become the official banking partner of The Hundred and will have in-stadium branding whenever the Decision Review System is implemented. The digital bank has a growing presence in sport and is the [...]
Bank of England waters down stablecoin rules after industry backlash June 22, 2026 The Bank of England has diluted its incoming stablecoin rules after warnings from currency providers that the UK risked falling behind rival jurisdictions in a rapidly growing pocket of the global financial system. In its final framework for regulating the fledgling currencies, which are a digital form of money whose value is pegged to another [...]