Reeves says diplomacy is ‘best economy policy’ as UK tax burden to mount April 15, 2026 Chancellor Rachel Reeves has said that de-escalating the war in the Middle East is the “best economic policy” to protect growth as the International Monetary Fund showed the UK tax burden was set to deepen at a faster pace than any country. Speaking at a CNBC event in Washington, Reeves doubled down on her attacks [...]
‘I will not yield’: Starmer dismisses Trump’s trade threat as ‘pressure’ April 15, 2026 Sir Keir Starmer has dismissed President Donald Trump’s threat to change a trade deal struck between the US and the UK as “pressure”. Liberal Democrat leader Sir Ed Davey used a question in parliament to say Trump had treated the UK “like a mafia boss running a protection racket” after he threatened to change a [...]
Starmer hits back at defence spending attacks April 15, 2026 Sir Keir Starmer has said he disagrees with allegations of “complacency” on funding the armed forces amid renewed scrutiny over the Labour’s defence spending plans. During Prime Minister’s Questions, Starmer hit back at widespread backlash over the absence of the government’s Defence Investment Plan, which was due last autumn. He told MPs that he didn’t [...]
Bank of England could cut interest rates ‘if war ends’ April 15, 2026 The Bank of England could cut interest rates this year if the war in Iran ends and the Strait of Hormuz opens up within weeks, an economist at a City broker has said. Peel Hunt’s chief economist Kallum Pickering’s current assumption is that the Bank makes two interest rate cuts at the end of this [...]
FTSE 100 Live: Stocks jittery as Trump eyes Iran ‘grand bargain’; Reeves to meet Bessent April 15, 2026 Good morning and welcome back to the CityAM liveblog. Hopes of peace talks in the Middle East were back on the table this morning, though markets weren’t holding there breathe after weeks of bait-and-switches. Donald Trump described the war with Iran as “close to over” during an interview with Fox news. “I think it’s [...]
Reform UK lead slips as Labour jumps after Iran war criticism April 15, 2026 Reform UK’s polling lead slipped in April as Sir Keir Starmer’s criticism of the war in Iran helped mount a slight comeback, fresh data has shown. Reform UK remained top of the party rankings for voter intentions in new research by CityAM/Freshwater Strategy. Nigel Farage’s party lost four points in April as around 26 [...]
Tory councillors pledge to ban smartphones in classrooms ahead of local elections April 14, 2026 Conservative council candidates at next month’s local elections have vowed to enforce a ban on students using smartphones in a new policy that could test Labour’s grip over education across the country. The Tories have doubled down on their calls for a national ban on smartphones in classrooms by getting local council candidates on board [...]
IMF slaps UK with biggest growth downgrade of any G7 country April 14, 2026 The UK economy has suffered the biggest growth forecast downgrade of any country in the G7 in the International Monetary Fund’s spring economic outlook report, dealing a blow to Chancellor Rachel Reeves as she struggles to overcome setbacks sparked by the Iran war. Growth this year was revised down by 0.5 percentage points as trade [...]
‘Vandalism’: Reeves and Starmer slammed over defence spending April 14, 2026 Rachel Reeves and Sir Keir Starmer have been slammed for a failure to provide defence with a substantial cash injection as a former Nato secretary general said an “ever-expanding welfare budget” would not keep the UK secure. Downing Street has come under fire for its delay in setting out a clear timeline for an uplift [...]
‘Cure worse than the disease’: Starmer’s mentor lambasts plan to scrap juries April 14, 2026 The proposal to scrap jury trials is “a cure worse than the disease”, according to the founding head of the Chambers where Sir Keir Starmer once practised. David Lammy’s controversial Courts and Tribunals Bill aims to reduce Crown Court backlogs by approximately halving the number of jury trials. The Bill, if passed, will create a [...]