We should be AI optimists, says Bank of England deputy October 12, 2026 A top Bank of England official has called for optimism around artificial intelligence and said leveraging the tech is the “best pathway” to securing economic growth. Sarah Breeden, deputy governor for financial stability at the central bank, said the UK needs to “think ahead” on the future use cases of AI for “how we might [...]
Bank of England targeted in inflation installation stunt October 12, 2026 The Bank of England has been targeted in an inflation installation stunt in the centre of the City of London. Over the weekend, a satirical art piece appeared across the road from the central bank’s office on Threadneedle Street. A black Canon printer, sitting atop a decorative silver-beaded pedestal surrounded by a stream of banknotes, [...]
AI minister warns of ‘inevitable’ cyber attack on UK as he tells labs to ‘be honest’ October 12, 2026 Britain cannot rely on tech giants to police their own AI systems, the government has warned, as ministers prepare new measures to protect businesses and national security from increasingly powerful artificial intelligence. AI minister Kanishka Narayan warned that a major AI-powered cyber incident hitting the UK is “inevitable” as he called for a national effort [...]
Oil prices waver as Trump pushes for dubious Ukraine-Russia ‘ceasefire’ October 12, 2026 Oil prices remained above the $100 mark on Monday morning after President Trump hailed a deal with Russia’s President Putin that would lead to the supply of millions of barrels of diesel to the US and global markets. Brent crude oil futures, a benchmark for international prices, fell by about 0.6 per cent to $104 [...]
Zack Polanski’s Greens are a toxic mix of hatred and economic illiteracy October 12, 2026 The Green party’s antisemitic ‘Zionism is racism’ motion puts them bizarrely at odds with the Palestinian Liberation Organization, which recognises the state of Israel. And on the economy, their policies are simply delusional, says Eliot Wilson At its recent conference in Brighton, the Green Party of England and Wales affirmed a set of policies which, [...]
Economy set to shrink ahead of Budget in ‘difficult’ outlook October 11, 2026 The UK economy is expected to have shrunk in August, despite hopes that the stronger-than-expected growth seen in June and July would continue. The latest gross domestic product (GDP) data, which will be released on Thursday, is expected to show a contraction of 0.1 per cent in August, according to City economists polled by Bloomberg. [...]
On this day in 1966: David Cameron is born October 9, 2026 As David Cameron turns 60, Eliot Wilson takes a look back at the life so far of the "chillaxed" Prime Minister.
Bailey: Governments must help control inflation too October 8, 2026 Bank of England governor Andrew Bailey has said that governments should look to help keep prices stable and win over markets with disinflationary tax and spending measures. In an intervention on the relationship between monetary and fiscal policy, Bailey urged governments to consider the impacts of government spending and borrowing on inflation. The Bank of [...]
LWW – The City Edition: A New watchmaking tradition begins at the Royal Exchange October 8, 2026 London Watch Week and City AM have joined forces to bring an inaugural City destination event: LWW – The City Edition. Since almost the beginning of time, or at least since it’s been so beautifully and elegantly measured, watches and the City have gone hand in hand. You only have to look to the Worshipful [...]
Interest rate fears dampen UK house buying demand October 8, 2026 Brits held off inquiring about buying new homes last month as fears over higher mortgage rates dampened the market. Housing demand dropped in September, according to a survey from the Royal Institution of Chartered Surveyors (RICS), which found that 22 per cent of property professionals saw buyer inquiries fall last month. That figure was up [...]