Government pledges ‘whatever it takes’ to get Britain building September 27, 2025 The construction of three new towns will begin before the next election, the Housing Secretary will pledge at Labour’s party conference. The Government will “do whatever it takes to get Britain building”, Steve Reed is expected to tell Labour members on the opening day of the party’s annual gathering in Liverpool. Work on 12 new [...]
Does Bank Rate really control inflation? September 26, 2025 Despite the Bank of England’s claim that Bank Rate controls inflation, recent policy decisions — including cutting rates while inflation stayed high — suggest the relationship is weak, inflation is more persistent than expected, and the MPC may be underestimating how hard it is to bring prices down, says Paul Ormerod The Bank of England [...]
Brits get poorer amid high inflation and soaring taxes September 25, 2025 British families saw their incomes drop in real terms last year when household sizes are taken into account, official data has shown, with high inflation and tax demands squeezing people’s finances. The Office for National Statistics has revealed that equivalised original income for UK households dropped by £1,400 in real terms because salaries did not [...]
Farage confronts ‘dinosaur’ Bailey on Bank’s independence September 25, 2025 Reform UK’s Nigel Farage and Richard Tice challenged Bank of England Governor Andrew Bailey on Treasury losses from quantitative tightening (QT) at a showdown meeting on Thursday morning, with market instability partly caused by the programme and stablecoins regulation raised as subjects of discussion. Farage and Tice sat down with the Bank of England Governor [...]
The Capitalist: Reeves and Revolut get chummy at HQ party September 25, 2025 Revolut puts on a party, City AM pioneers the midday bash and finance bros trade blows; catch up on the latest Square Mile shenanigans in The Capitalist.
London hot on New York’s heels as financial centre race ramps up September 25, 2025 London is now within a whisker of ousting New York as the world’s leading financial hub, fresh rankings reveal, but risks remain over the capital’s fintech prospects. The City was chomping at the heels of the Big Apple with just a singular rating point between the two. New York once more topped the rankings in [...]
US Stargate expansion highlights UK’s modest AI ambitions September 24, 2025 OpenAI, Oracle, and SoftBank have unveiled plans to construct five new AI data centres across the US as part of the expansive $500bn (£370bn) Stargate project. This initiative aims to achieve 10 gigawatts of compute capacity by the end of 2025, with the latest expansion bringing the total to nearly seven gigawatts and over $400bn [...]
Revolut pumps £3bn into the UK financial services sector September 23, 2025 London-born fintech juggernaut Revolut has capped off a hefty week of investment for the UK financial services sector as the firm officially launched its global headquarters. The digital bank said it would pump £3bn into the UK and create 1,000 highly-skilled jobs over the next five years. The fresh injection of capital follows asset manager [...]
Bank of England’s Pill: We should not have slowed QT bond sales September 23, 2025 The Bank of England’s chief economist has hit out at colleagues’ recent decision to slow sales of the central bank’s government debt stockpile, warning it risked papering over underlying drivers of spiking government borrowing costs and causing a “more painful” crisis in the future. In a speech delivered in Geneva, Huw Pill told delegates that [...]
OECD: Taxes and tariffs to damage UK economy September 23, 2025 Higher taxes and the sting from US tariffs are set to restrain UK growth, according to forecasters at the Organisation of Economic Co-operation and Development (OECD), with inflation soaring above all other countries other than the US. The OECD’s latest update on the state of the global economy said the UK’s “tighter fiscal stance” means [...]