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      City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms

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Politics

  • Andy Burnham confirms Westminster run as Wes Streeting resigns from government

    Politics

    Andy Burnham has declared his intention to stand in a by-election after a sitting Labour MP quit to make way for him. The current Mayor of Manchester will seek permission from Labour’s ruling body to stand in the Makerfield constituency after Josh Simons announced he would vacate the seat. In a statement, Burnham said: “Millions [...]

    Andy Burnham speaking at a Labour Party event, addressing current political issues, with a focused and determined expression.
  • Labour is doomed to irrelevance

    Opinion

    Social democratic parties across Western Europe have failed after abandoning support for capitalism and pursuing woke agendas. The same will happen to Labour, says Paul Ormerod So Keir Starmer wants a reset with the European Union. In typical Starmer fashion, it is as clear as mud as to what this will actually involve. But there [...]

    Labour MPs discussing policy changes during a parliamentary session, with expressions of focus and engagement in the chamber
  • Life after Starmer: What could a new Labour prime minister mean for your money?

    Personal Finance

    It could soon be time to face the music for Keir Starmer after dozens of MPs called for the Prime Minister to throw in the towel, which could unleash months of speculation and uncertainty. Leading frontrunners for the top job include the Manchester mayor Andy Burnham, former deputy PM Angela Rayner and health secretary Wes [...]

    Andy Burnham speaking at a Labour Party event, addressing current political issues, with a focused and determined expression.
  • ‘Bond market meltdown’: UK borrowing costs highest since 1998 as Starmer fights for survival

    May 12, 2026

    Warnings of a “bond market meltdown” flashed through the City on Tuesday after government borrowing costs soared as pressure mounted on Sir Keir Starmer’s future in Downing Street. For weeks, City investors have been on high alert as fears mounted that a mass rebellion would be triggered after devastating local election results. Traders fear the [...]

  • Wealth managers shares fall amid Starmer political storm

    May 12, 2026

    A host of the City’s top listed wealth managers suffered sharp sell-offs on Tuesday morning as questions over Starmer’s future caused government borrowing costs to soar. Investors have been on alert since fears of a rebellion against Starmer began after last week’s local election results, with the spike in gilt yields now triggering a sell [...]

  • The Festival of Words: From Gyles Brandreth to Anthony Scaramucci – all you need to know about the Fleet Street Quarter festival

    May 12, 2026

    The Fleet Street Quarter Festival of Words covers everything from politics to culture, literature, storytelling, broadcasting and public life. It features a fascinating line-up of speakers and panel guests, from political heavyweights to stars of stage and screen. We’re pretty sure it will be a front-running for the Best Arts or Culture Experience category of [...]

  • UK borrowing costs storm past five per cent after Starmer warns of ‘chaos’ if ousted

    May 11, 2026

    UK government borrowing costs have stormed higher following an attempt from Prime Minister Sir Keir Starmer to shore up support after a disastrous local election result. The yield on 10-year gilts rose nearly 10 basis points to over five per cent for the second time in mere weeks. It comes after Starmer sought to defy [...]

  • London local election results LIVE: Brown returns as Labour bruised in five-party split

    May 9, 2026

    Good morning and welcome back to the City AM liveblog.  Former Prime Minister Gordon Brown has returned to support Sir Keir Starmer’s premiership as a special envoy for global finance. The appointment was made after bruising election results across the country, particularly in Wales and Scotland where Labour lost control. Starmer resisted calls for his [...]

  • Grosvenor estate: Ministers don’t get ‘basic economics’

    May 7, 2026

    The Duke of Westminster’s multi-billion pound estate has chided ministers for failing to grasp “basic economics” in their bid to tackle the housing crisis. Mark Preston, who represents the business interests of Hugh Grosvenor, the seventh Duke of Westminster and owner of a Mayfair property empire, said the government risks choking housing supply if it [...]

  • London local elections 2026: Who will win in Waltham Forest?

    May 6, 2026

    After wrestling over Waltham Forest since the borough was created, Labour and the Conservatives now face a new threat from the Greens. The Conservatives and Labour have played pass the parcel with Waltham Forest since its inception in 1965. Control of the borough has switched as much as eight times since its formation in 1965, [...]

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