If Burnham wants firms to hire young people, he needs to get out of their way July 8, 2026 Firms don’t need subsidies to incentivise them to hire NEETs, we just need to make sure that work pays, says Mani Basharzad Andy Burnham’s honeymoon seems to be getting shorter by the day. Even before reaching Nunber 10, he is refusing to hold a proper press conference. But when he enters office, he will face [...]
How the boss of Zilch became UK fintech’s power broker July 8, 2026 Last year, Zilch founder Philip Belamant sat down with then-boss of Monzo, TS Anil. As the two friends caught up, Belamant was fizzing with ideas to turn his $2bn British fintech into a global powerhouse, according to sources familiar with the matter. Not long ago, Zilch had set up shop across the pond, and Belamant [...]
London workers most exposed to AI jobs cull July 7, 2026 Workers in London are more exposed to an artificial intelligence-induced jobs cull than in any other major city, according to the world’s leading economics think tank, while growth in hiring for AI talent has been lower than in the EU, Canada and the US. A new OECD report from the Paris-based Organisation for Economic Co-operation [...]
Remembering Norman Tebbit July 7, 2026 Norman Tebbit died one year ago today. He remains a mnemonic for the high days of the high days of Thatcherism, writes Eliot Wilson A year ago today, former Conservative Cabinet minister Lord Tebbit died at the age of 94. The media coverage was extensive for a man who had left office nearly 40 years [...]
Businesses can’t keep waiting for political stability July 7, 2026 We’ve created a hidden economy of underemployment. Thousands of highly skilled, self-employed professionals don’t appear in the unemployment figures because, technically, they have work. But many are quietly living off savings while they wait for businesses to regain the confidence to make decisions, says Aceil Haddad I was so annoyed watching the political drama unfold [...]
Britain set to miss net-zero car targets despite record electric vehicle sales July 6, 2026 Britain is set to miss its net-zero emission target for cars despite Electric vehicles (EVs) claiming a record share of the UK new car market in June, fuelled by billions of pounds in discounts. Battery EVs accounted for 30 per cent of all new cars registered last month – the highest monthly share of the [...]
Formula 1’s governing body wants more races in China and Asia July 3, 2026 Formula 1’s governing body has insisted it wants more races in China and Asia as part of a Far East pivot ahead of this weekend’s British Grand Prix at Silverstone. The Federation Internationale de l’Automobile (FIA) told City AM that Asia had become a key growth market for the not-for-profit motorsport governing body, which this [...]
Natwest boss becomes latest City figure caught in AI social media scam July 3, 2026 The boss of Natwest has become the latest City figure to be depicted in an AI scam across social media. Paul Thwaite – the chief executive of the FTSE 100 bank – was posted on X alongside journalist Emily Maitlis in a deepfake picture attempting to create a BBC radio interview. The picture was shared [...]
Tale of two cities: London leaps ahead in global finance but domestic growth stalls July 3, 2026 The City of London has cemented its dominance in international finance ten years on from the Brexit vote but faced sobering domestic growth that failed to match the momentum. The capital sees more international activity conducted than the next eight largest financial centres in Europe combined, according to a new report by New Financial. The [...]
On this day in 1940: Happy birthday Ken Clarke July 2, 2026 For many in parliament, it may feel as if he's always been there. But on this day, 2 July 1940, Kenneth Clarke was born.