Why Rachel Reeves’ low-key Spring Statement still matters February 26, 2026 This is the Spring Statement that Chancellor Rachel Reeves has long been waiting for in opposition: a moment of sheer insignificance. In May 2023, six months after the mini-budget debacle, Reeves offered a speech in opposition to Washington DC’s top independent think tank, the Peterson Institute, exalting her core economics philosophy of ‘securonomics’. She summarised [...]
The London Tunnels joins JP Jenkins after ditching Euronext February 25, 2026 The company behind plans to convert a set of secret Second World War tunnels beneath the City into a major new tourist attraction has today joined private securities venue JP Jenkins after quitting Amsterdam’s Euronext. The London Tunnels Ltd, which was set up in 2023, floated on the Dutch exchange in 2024 in a bid [...]
Gloomy Brits’ sluggish spending set to drag on economic growth February 16, 2026 Brits continued to tighten their pockets in January as economists warned sluggish spend from consumers could trigger a “sustained drag on economic growth“. S&P Global’s latest Consumer Sentiment Index (CSI) showed a reading of 44.8, indicating further deterioration across household confidence with the figure remaining below the 50.0 mark that indicates neutrality. Whilst it crept [...]
Will Alphabet’s century bond start a new trend? A brief history February 11, 2026 This week Google owner Alphabet raised £1bn in a highly unusual century bond, in a sign of the extreme lengths tech firms are willing to go to to meet the ballooning capital costs of investment in AI. The 100 year sterling note formed part of a $32bn debt raise for Alphabet, following similar moves from [...]
OECD: Labour is pushing UK inflation to second highest in G7 December 2, 2025 The UK is set to suffer the second highest level of inflation in the G7 over the next year as a result of the Labour government’s decisions to pile extra costs on businesses, the Organisation for Economic Co-operation and Development (OECD) has said as it also warned recent tax hikes will hit growth. In its [...]
City readies up for Labour’s borrowing spree November 26, 2025 Fixed income investors are readying for the Debt Management Office (DMO) to boost its gilt issuance for the current financial year, otherwise the level of UK government debt sold to traders, as the Labour government ploughs ahead with its borrowing spree. The DMO, an independent government body that oversees the sale of UK government bonds, [...]
Strix Group boss exits and dividend axed after share price plunges November 26, 2025 The boss of Strix Group, a key player in safety controls for appliances, has departed following a plummet in the firm’s share price as macroeconomic pressures weighed. Mark Bartlett will step down from his role at Strix after nearly two decades at the company, one of which was spent in the top job. Shares were [...]
Asda: KKR and TDR commit £23m to credit card firm Jaja after warning November 11, 2025 The private equity backers of Jaja Finance have contributed another £23m in equity funding after the Asda credit card firm warned on its ability to continue as a going concern, CityAM can reveal. A group of existing shareholders participated in the funding in October, Jaja said, and have also vowed to commit a further [...]
Richard Tice pledges ‘Big Reform’ of City regulation November 5, 2025 Richard Tice has called on City leaders to draw up proposals to radically cut regulation and introduce an overhaul of major financial institutions across the UK as he called for a “Big Reform” of financial services. In an echo of Margaret Thatcher’s Big Bang programme on deregulation, the Reform UK deputy leader set out the [...]
Don’t penalise banks amid private credit jitters, Lloyds boss urges November 5, 2025 The chef executive of Lloyds Banking Group has weighed in on the bubbling tension in the private credit market with a stark warning. In a session with the House of Lords Financial Services Regulation Committee, Charlie Nunn said the UK needed to be “very careful not to make banks accountable for the risks of the [...]