Ratcliffe’s INEOS calls on Labour to reopen North Sea drilling Energy The chemical group owned by billionaire Jim Ratcliffe has urged the government to reopen the North Sea for drilling as it lashes out at its latest energy cost scheme for businesses. INEOS, which was founded by Ratcliffe in 1998, said Labour’s British Industrial Competitiveness scheme (BICS) fails to address UK industries relying “far more heavily [...]
AI minister updates guidance after ‘don’t thank ChatGPT’ advice to civil servants Tech Britain’s AI minister has ordered changes to government guidance that urged civil servants to limit their use of AI, saying it failed to reflect ministers’ ambitions to ramp up adoption across Whitehall. Kanishka Narayan said guidance published last week had now been updated after it advised government workers to use AI only when necessary, choose [...]
Burnham’s ‘costly’ policy agenda sparks investor nerves Markets Andy Burnham’s “costly” policy agenda and the resurgent threat of inflation are weighing on investors’ appetite for the UK, according to a closely-watched survey of top money managers, which also revealed waning hopes of a rebound in London’s IPO market this year. Berenberg’s Investor Barometer, which polled 300 international investors managing a combined $1 trillion, [...]
Global bond sell-off: Headache for Healey as gilt yields top six per cent October 1, 2026 The yield that the UK government pays on its 30-year government bond rose above six per cent for the first time in this millennium, putting Chancellor John Healey in a collision course with markets. Long-term gilt yields, which determine the size of UK government borrowing costs, skimmed 6.04 per cent in the early hours of [...]
UK house prices fall at fastest rate since May as mortgage rates weigh on demand October 1, 2026 UK house prices fell at their fastest pace since May as expensive mortgages and uncertainty ahead of the Autumn Budget fuelled caution among buyers. Prices fell 0.2 per cent during September, faster than economists had expected and reversing August’s 0.2 per cent increase, according to data from Nationwide. The average UK home was valued at [...]
FTSE 100 Live: Stocks plunge as global bound rout deepens; Oil climbs to $98 October 1, 2026 Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more
Britain may not be facing economic apocalypse, but it looks that way October 1, 2026 Despite a challenging economic landscape marked by rising inflation and borrowing costs, the UK economy demonstrates unexpected resilience and potential for recovery, says Daniel Mahoney It is fair to say the economic landscape looks bleak. Brent Crude is hovering around $100 a barrel and rising gas prices are set to drive up inflation. Meanwhile, markets [...]
Why Burnham’s housing revolution won’t work October 1, 2026 Despite giving a passionate defence of everything home ownership can give to a family, Burnham’s actual policies do alarmingly little.
With Brexit on the ballot the next election will be box office October 1, 2026 Whatever else Andy Burnham’s conference speech achieves, it has certainly opened up some major dividing lines in British politics – and some old wounds. The next election, when it comes, could well have Brexit on the ballot after the PM said he’s open to looking at everything from joining the customs union or entering the [...]
The huge costs facing Andy Burnham – and the financial tightrope he must walk October 1, 2026 Andy Burnham said he didn’t set out to deliver a “tub-thumping conference speech” but it was packed with huge pledges to take control over utilities and expand the state. Maurício Alencar considers just how costly his promises are in the long term – and in the next month. Andy Burnham had all the goodies for [...]