‘No one expects’ Bank of England to cut interest rates, says former MPC member March 17, 2026 A former member of the Bank of England’s Monetary Policy Committee (MPC) has said that “no one expects a cut” to interest rates amidst deepening conflict in the Middle East. Prof Jonathan Haskel, who is also a member of City PM’s Shadow Monetary Policy Committee, told BBC Radio 4’s ‘Today’ programme he believes a rates [...]
High risk club owners facing triple ultimatum from football regulator March 17, 2026 English club owners will be required to inject funds, reduce debt or slash outgoings if they are deemed to be “high-risk” by the Independent Football Regulator. Under new licensing proposals published today, clubs will have to demonstrate that they have the financial resources to withstand major shocks such as relegation or withdrawal of owner funding [...]
Reeves vows UK will ‘beat G7 at AI adoption’ as she searches for growth agenda March 16, 2026 Chancellor Rachel Reeves will promise that the UK will beat G7 counterparts in adopting AI over the coming years with fresh investment set to focus on quantum computing and researchers specialising in healthcare, clean energy and national security. In a speech on Tuesday afternoon, Reeves is expected to set out the government’s AI ambitions to [...]
City PM’s Magazine Editor Steve Dinneen wins Features Writer of the Year March 16, 2026 City PM’s magazine editor Steve Dinneen walked away with the Features Writer of the Year award at the prestigious Regional Press Awards last week, beating rivals including LondonCentric, the Manchester Evening News and Reach PLC. The gong was one of two awards for which City PM was competing, with The Magazine also reaching the shortlist [...]
Business groups warn against axing ‘fundamental’ red tape watchdog March 16, 2026 Some of Britain’s largest business groups have urged the business secretary not to scrap a body responsible for scrutinising business regulation, saying it plays a “fundamental” role evaluating the impact of red tape on British firms. The intervention comes as the Department for Business confirmed to City PM that ministers are “considering the role” of [...]
‘Digging a hole then filling it in’ – Labour to subsidise youth employment March 16, 2026 The Labour government is set to hand businesses cash to hire benefits claimants in a bid to lower the number of under-25s not in education, employment and training, otherwise referred to as ‘Neets’. Pat McFadden, the work and pension secretary, unveiled a new £3,000 subsidy scheme for employers taking on young people who have not been [...]
‘What do they have to hide?’ Ministers must not scrap regulatory watchdog March 16, 2026 The Regulatory Policy Committee keeps a close eye on government red tape, and scrapping it would be a serious mistake – says Andrew Griffith. Red tape is strangling British business. A survey just out from the Federation of Small Businesses has found small firms and entrepreneurs collectively spend 379 million hours a year complying with [...]
Close Brothers shares sink as infamous short-seller warns of motor finance ‘wipeout’ March 16, 2026 Shares in Close Brothers plummeted on Monday after a group notorious for short-selling warned the bank had “systematically misrepresented” its exposure to the motor finance scandal. The FTSE 250 bank nosedived as much as 12 per cent during afternoon trading after Viceroy Research, a group famed for its exposés of Wirecard and Home Reit, warned [...]
Bank of England: We can’t eliminate bias in AI March 16, 2026 A top boss at the Bank of England has warned the use of artificial intelligence programs will never be bias-free and instead users must be aware of the risk. Jem Davis, chief compliance officer at the Bank of England, said: “My view is you’re probably not going to be able to eliminate bias completely, but [...]
Tyson v Bruno: How UK’s first pay-per-view fight shaped next 30 years March 16, 2026 One day in early 1996 at Sky’s Athena Court headquarters in Osterley a group of people made a decision that would change the sporting landscape across the United Kingdom forever. Thirty years ago this week the second fight between Frank Bruno and Mike Tyson had been billed for 16 March 1996, and it was chosen [...]
