Jeremy Hunt is right to ask Can We Be Rich Again? June 9, 2026 With the CBI’s latest economic forecasts warning of a dramatic spike in unemployment and a prolonged period of anaemic GDP growth, it’s a good time to reflect on the question posed by former chancellor Jeremy Hunt in his latest book, Can We Be Rich Again? The book is the latest in a series of works [...]
Rugby needs its Premier League to step up and take control, Raine says June 9, 2026 Merchant bank Raine Group has warned that professional rugby is not big enough for “five or six leagues” and that it is “time for someone to put the hammer down” and become the sport’s equivalent to the Premier League. Rugby union has been going through a crisis of late, with different leagues using different structures [...]
Tate & Lyle becomes latest market stalwart to quit London June 9, 2026 Tate & Lyle on Monday became the latest City stalwart to head for the door. Felix Armstrong recounts the accelerating exodus from London’s stock market As the summer holidays beckon, stalwarts of the London Stock Exchange are packing their bags ahead of a potential departure to warmer climes. FTSE grandee Tate & Lyle became the [...]
Starmer ally defends minimum wage quango after Sunak calls for it to be axed June 9, 2026 Welfare secretary Pat McFadden has leapt to the defence of the minimum wage quango after former Prime Minister Rishi Sunak called for the body to be axed. The top ally of Sir Keir Starmer told City PM it “would be a mistake” to abolish the Low Pay Commission (LPC), an independent body that advises the [...]
Soaring petrol prices and Devil Wears Prada 2 help consumer spending return to growth June 9, 2026 Soaring fuel prices and box office hits helped consumer spending return to growth in May, according to fresh data from Barclays. Consumer card spending was up 0.8 per cent year-on-year last month, following a 0.1 per cent dip in April. The rise came as essential spending jumped 0.7 per cent, led by a near 12 [...]
CBI: 200,000 more Brits to face unemployment this year as growth crumbles June 9, 2026 The UK economy is set for further pain in the months ahead, a top business group has warned, as consumers and businesses across the country suffer the effects of the Iran conflict, surging energy prices and a raft of government tax hikes. The Confederation of British Industry (CBI) has said that around 200,000 more Brits [...]
Heatwave boost for retailers as Brits snapped up BBQs and fans June 9, 2026 The late-May heatwave offered a much-needed boost for retailers as the hot weather prompted red-hot spending on barbecues, fans and sandals. Retail sales in the UK jumped by 3.7 per cent year on year in May, soaring above the full-year average of two per cent, according to the British Retail Consortium (BRC). Many Brits opted [...]
Debt-saddled grads ‘risk earning less than minimum wage’ five years after leaving uni June 8, 2026 For nearly half of all university courses, those in the bottom quarter of the cohort end up earning less than minimum wage five years on from graduating, according to a new report on the outcomes crisis in higher education. The think tank Policy Exchange has found that rampant grade inflation and an explosion in university [...]
London City Airport faces opposition over bigger planes plan June 8, 2026 Opposition to plans to allow bigger jets to use City Airport is taking off among London politicians who work right under the flightpath into the Docklands hub. The London Assembly’s environment committee has raised questions over aircraft such as the Airbus A320neo being used to boost capacity at the capital’s smallest and most central aviation [...]
Where can I watch the Fifa World Cup from in London? June 8, 2026 Book your tables and pre-order those booze towers because the World Cup is here – for more than a month – and City PM has you covered. Here are the sport desk’s top nine non-traditional spots to enjoy the footie from. Brigadiers The City staple is an ideal place for those early 8pm kick-offs. Its [...]
