UK economy to suffer second-highest inflation in G7 October 13, 2026 The UK economy will suffer the second highest inflation of any G7 country over the next two years, the International Monetary Fund has warned, putting Chancellor John Healey’s efforts to ease the cost of living at risk. In its latest report published today, the global finance body has said that inflation will remain above the [...]
Retail sales ‘sluggish’ as shoppers feel cautious ahead of Budget October 13, 2026 British retail sales showed “sluggish” growth last month as shoppers became increasingly cautious ahead of the Autumn Budget. Total sales at retailers increased by 1.3 per cent in the 12 months to September, compared to 2.3 per cent growth in September 2025, according to the British Retail Consortium (BRC) and Big Four giant KPMG. The [...]
‘New Keynesian’ economists win Nobel prize October 12, 2026 Two American economists who research price stabilisation across global economies have won the Nobel prize for economics. Robert E. Hall and Michael Woodford were the joint winners of the prestigious award officially called “The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”. Hall and Woodford’s research on forecasting has influenced policymakers when [...]
Manchester City need a nine-year sanction, says architect of Premier League October 12, 2026 Alex Fynn, who helped formulate the Premier League, discusses the Manchester City case, how it has affected Arsenal and his new book on the north London club. Integrity appears to be the watchword in much of the discourse around Manchester City and the biggest scandal in the history of the Premier League. Only one, at [...]
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, [...]
Triple lock reform and scrapping IHT: Voters give thumbs up to Labour and Tory policies October 12, 2026 Andy Burnham’s pledge to reform the state pension triple lock and Kemi Badenoch’s plan to scrap inheritance taxes on family homes have both received a stamp of approval from voters, new polling has shown. The latest City AM/Freshwater Strategy poll of UK voters showed that the British public back the major policies announced by the [...]
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 [...]
As it happened: FTSE 100 gains; oil rises despite Trump’s Russian diesel deal October 12, 2026 Welcome back to City AM‘s FTSE 100 live blog. The UK’s blue-chip index is set to make gains on Monday morning, picking up where Friday’s rally left off. Oil prices fell in early trading, as Brent crude – the international benchmark for oil – dipped below $104 per barrel following President Trump’s plans to import [...]
Fiscal drag to the rescue – but Healey still faces £35bn inflation headache October 12, 2026 Soaring inflation could force the Chancellor to commit to more government spending and tax hikes, posing a worse Budget headache than a narrowing fiscal headroom, a top think tank has warned. John Healey might have to top up department budgets by as much as £35bn by the end of the decade to stop the real-terms [...]
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. [...]