An England World Cup isn’t just football – it is money, politics and a nation’s bad habits June 18, 2026 England are being asked to win the World Cup, yes, but the absurdity is that they are required to do so much more in the process, both commercially and politically, writes Ed Warner. And so they’ve begun. Our boys, Tom’s 26. Their world is in motion, three lions on their shirts, out to erase 60 [...]
As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles June 18, 2026 Welcome back to the City PM liveblog. Interest rates were left unchanged at 3.75 per cent in Bank of England’s monetary policy committee meeting today as rate-setters wait to find out whether the Iran war peace deal holds up. The Bank’s decision followed Thursday’s inflation data, which stayed below undershot expectations after coming at 2.8 [...]
LLPs remain under watchful eye – especially from the taxman June 18, 2026 Despite dodging Budget day taxes, the UK’s limited liability partnership (LLP) model is still facing intense scrutiny, this time from HMRC, which just had a good result from the top court this week, writes Maria Ward-Brennan. The LLP model, used by professional services such as law firms and accountancy firms, came into force 25 years [...]
City law firms ‘sleepwalking into a crisis’ over AI overreliance June 18, 2026 As legal tech valuations skyrocket, and AI dominates the airwaves, City law firms have been warned they are ‘sleepwalking into a crisis of judgment’ by treating AI as a definitive authority rather than a collaborative tool. A report by Positive Group, exclusively shared with City PM, stated that the legal sector faces a potential crisis [...]
Exclusive: O2 Arena bosses open to hosting another Formula 1 launch event June 18, 2026 O2 Arena bosses are open to hosting another Formula 1 launch event if the motor racing series decides to repeat its popular pre-season showpiece. To celebrate its 75th season, Formula 1 staged a sell-out event at the 20,000-capacity O2 in Greenwich, with all teams showing off their cars alongside music from the likes of Machine Gun [...]
Interest rates next change ‘far more likely down than up’ June 18, 2026 Interest rates are set to be held on Thursday in what some analysts believe could be a split decision as two Bank of England officials could back a 25 basis point hike. The Bank’s Monetary Policy Committee is widely expected to leave interest rates unchanged at 3.75 per cent, though some members could back a [...]
City investors raise alarm on Burnham’s Chancellor pick June 18, 2026 Andy Burnham’s bid to return to parliament poses a risk to financial markets, City analysts have warned, as his next pick as Chancellor could heavily sway traders’ views. City analysts have said they will be closely watching out for developments on Friday as results from the Makerfield by-election emerge in the early hours of the [...]
Kemi Badenoch pledges to wield the axe on post-financial crisis banking regulation June 18, 2026 Kemi Badenoch will today step up her efforts to woo the City as she promises to wield the axe on post-financial crisis banking regulation if she manages to clinch the keys to Number 10. “London is having its lunch eaten” by overregulation, the Tory leader will proclaim as she proposes a shakeup of the financial regime that she hopes [...]
Exclusive: London in talks to host return of sumo at Royal Albert Hall June 18, 2026 Sumo wrestling could return to the Royal Albert Hall by the end of the decade as talks between London and Tokyo edge towards a deal, City PM can reveal. London Mayor Sadiq Khan met the Japan Sumo Association in Tokyo this week following on from last year’s give-day Basho at the iconic Kensington arena. It [...]
Kemi Badenoch can still woo the City June 17, 2026 Just under a year ago I sat down with Kemi Badenoch to talk through her plans to win over the City. I left the interview with little to report back. “We are looking at everything,” Badenoch told me at the time. “Our policy renewal programme is trying to get us to a place where we [...]
