Sadiq Khan has derailed Labour’s nationalisation plans December 11, 2025 How is Keir Starmer’s plan to renationalise Britain’s railways going? Badly, if events in London are anything to go by. Yesterday we learned that Transport for London has awarded a £3bn, 10-year contract to First Group to operate the London Overground when the current contract with Arriva expires next year. That’s in direct conflict with [...]
Auditor MHA queried source of funds in Sanjeev Gupta-owned firms before resigning December 11, 2025 MHA queried the source of funds for various intercompany transactions before resigning from an engineering firm owned by metals magnate Sanjeev Gupta, City PM can reveal. The London-listed accounting firm has stepped down as auditor of Wolverhampton-based Clydesdale Engineering, an automotive and defence manufacturer owned by Gupta’s Liberty Steel Group, part of his GFG Alliance [...]
Millions more to get financial advice as part of FCA red tape shake-up December 11, 2025 More than 18m savers will benefit from more detailed advice on their investments and pension in the next decade as part of a radical shake-up of financial red tape that the City watchdog has hailed as “game-changing”. The Financial Conduct Authority’s ‘targeted support programme’ will give financial services firms the ability to give tailored suggestions [...]
Landlords bar Labour MPs from pubs as hospitality backlash mounts December 11, 2025 Hundreds of landlords have barred Labour MPs from their pubs as the hospitality sector stepped up its condemnation of a controversial business rates overhaul announced at last month’s Budget. Publicans across the country have locked their doors to Labour politicians, claiming the tax changes will disproportionately harm hospitality and push more boozers to the wall. [...]
Greedy Fifa rinsing fans over World Cup tickets – even Americans are baulking December 11, 2025 Ed Warner finds that even Americans accustomed to paying through the nose for live sport are outraged at the prices Fifa is allowing to be set for tickets at the 2026 World Cup. It was a bitterly cold evening in Boston, the temperature well below zero, and yet the Bruins fans still rolled up to [...]
FTSE 100 Live: BoE rate decision in focus after Fed cut December 11, 2025 Good morning from the City PM liveblog team. Last night the US Federal Reserve met and agreed to lower interest rates by a quarter-point to between 3.5 and 3.75 per cent. But it was far from a tranquil meeting, with policymakers battling it out over whether to prioritise high inflation or a poor labour market. [...]
Is Microsoft becoming the new Vodafone? December 11, 2025 America’s biggest tech firms – Microsoft, Amazon, Meta, Google – have thrown the kitchen sink at becoming leaders in AI. They have forked out whatever is necessary to get to the front of the race. The four firms spent a combined $16bn on capex in the first quarter of 2020. Fast-forward to the third quarter [...]
English Common Law: Britain’s greatest soft power December 11, 2025 From London’s boardrooms to Abu Dhabi’s courtrooms, English law shapes the rules of global business as it quietly but decisively finds itself at the heart of international deals and disputes. The late Joseph S. Nye defined ‘soft power’ in the 1980s as “The ability to affect others to obtain the outcomes one wants through attraction [...]
Labour rail pledge in doubt after £3bn private contract to run London Overground December 11, 2025 London Mayor Said Khan has caused a row within the Labour party after First Group was awarded a £3bn deal to operate the London Overground, a move which seemingly flies in the face of Labour’s manifesto commitment to bring railways back into public ownership. On Tuesday the London-listed transport group revealed that it would begin [...]
Building Safety Regulator delays ‘unacceptable’, say peers December 11, 2025 A cross-party House of Lords committee has blasted the government for leaving residents trapped in unsafe buildings and increasing costs for leaseholders due to regulatory delays. The Industry and Regulators Committee’s report, The Building Safety Regulator: Building a better regulator, warned that the delays mean the government is in danger of missing its target to [...]
