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Budget 2026: Healey leans on private sector for defence investment drive Industrials The Chancellor has set up a new defence financing taskforce and unveiled fresh funding for investment in the arms industry amid a concerted effort to lean on the private sector to drive Britain’s rearmament push. John Healey swerved any concrete public sector defence pledges at his maiden Budget, promising to provide detail on how the [...]
‘Is that it?’: Badenoch lays into Healey Budget speech Politics Kemi Badenoch has poured scorn on Labour’s welfare spending plans as she slammed John Healey’s inaugural Budget speech. The Conservative leader admonished the Chancellor for failing to cut levels of government spending and said the government was to blame for a fall in growth projections next year from the Office for Budget Responsibility (OBR). “I [...]
Healey to unveil billions in defence spending as Tories demand he resign October 25, 2026 John Healey is set to announce billions of pounds in new defence investment in Wednesday’s Budget as the Conservatives demand he resign unless he commits to spending three per cent of GDP on the military by 2030. The chancellor is expected to channel additional funding through the National Wealth Fund and British Business Bank, backing [...]
The Tories won’t win back young voters with disco nights alone October 21, 2026 The Young Conservatives have elected a new chairman but his role is utterly meaningless unless the party adopts policies that will actually help young people, like ditching the triple lock, says Oliver Dean If I asked the dutiful readers of City AM to name the most consequential election in history, their minds would likely leap [...]
Andy Haldane: This will be ‘a Budget for the backbenchers, not business’ October 20, 2026 A former Bank of England chief economist has warned he expects to see “further borrowing” and “further tax rises” in next week’s Budget as he threw his weight behind Kemi Badenoch’s plan on the UK economy. Speaking at an Ipsos event, Andy Haldane said the Budget has been a “less lengthy and a less leaky [...]
Badenoch urges Healey to avoid ‘fictional cuts’ October 20, 2026 Tory leader Kemi Badenoch has urged Chancellor John Healey to focus on urgently cutting spending and avoid making “fictional cuts” at the end of parliament. In a speech in London on Tuesday, Badenoch will warn that Labour’s deficit reduction plans rely on “huge cuts to the public sector in the final year of the spending [...]
Andrew Griffith: a Conservative government would make taxes lower, simpler and fairer October 20, 2026 The Tax Foundation’s annual International Tax Competitiveness Index, published this week, shows just how far behind we have fallen. Out of 38 OECD countries, Britain ranks just 30th. That’s not good enough, says Andrew Griffith Two weeks ago, I told the Conservative Party Conference that lower, simpler, and fairer taxes would be my personal “North [...]
Goldman Sachs to host Badenoch for City charm offensive October 19, 2026 Kemi Badenoch will step up her business charm offensive after the Budget with a roundtable hosted by Wall Street giant Goldman Sachs, City AM can reveal. The Tory leader will co-host a lunch for founders, investors and chief executives from across the UK alongside Goldman Sachs International’s chief executive, Anthony Gutman, City AM understands. The [...]
UK banks could unleash cash buffers to spur economy, says top Bank of England regulator October 15, 2026 UK banks are holding excessively large “rainy-day funds” that could instead be deployed to boost economic activity, according to a top regulator at the Bank of England. David Bailey, executive director of Prudential Policy at the Bank of England, told City AM the watchdog had kicked off talks with international peers over how to simplify [...]