Nigel Farage: Reform will tax the banks even if they don’t like it January 22, 2026 Nigel Farage has confirmed Reform will slap a tax on the UK’s banking giants in the latest dramatic escalation of his party’s tensions with the City. Speaking at the World Economic Forum in the Davos, Farage said: “This will be tough for banks to accept but I am sorry – the drain on public finances [...]
Son-of-a-toolmaker Starmer is a poor workman January 22, 2026 Successful organisations, from businesses to governments, work best when their leaders are able to articulate a clear, long-term vision, says Paul Ormerod Keir Starmer has been complaining that the machinery of government does not work properly. When he pulls a policy lever, very little happens. This has provoked a public argument with the health secretary, [...]
FTSE 100 rebounds as Trump rules out taking Greenland by force January 21, 2026 Global markets bounced back into the green on Wednesday after President Donald Trump confirmed the US would not use military action to seize Greenland. In his address at the World Economic Forum in Davos, Trump said: “All the US is asking for is a place called Greenland”. “We never ask for anything and we never [...]
Starmer: I will not yield to Trump January 21, 2026 Keir Starmer said President Trump’s tirade against the Chagos Islands deal was to “pressure” him to change tune on Greenland, adding he would “engage constructively” with the US administration and other allies. During Prime Minister’s Questions, Starmer defiantly defended his position on upholding Greenland’s sovereignty, suggesting Trump’s unexpected attack on Chagos in a Truth Social [...]
FTSE 100 Live: Trump to rock davos; Stocks dip after inflation January 21, 2026 Good morning and welcome back to the City PM liveblog. Inflation spiked above expectations this morning, coming in at 3.4 per cent, according to fresh figures from the Office for National Statistics (ONS). This soared above a poll of economists by Bloomberg expecting 3.3 per cent. “Inflation ticked up a little in December, driven partly [...]
With not much else to offer, Reeves pitches ‘stable’ UK to Davos elite January 21, 2026 The Canadian PM and former governor of the Bank of England, Mark Carney, told an audience at Davos yesterday that “the old order is not coming back,” and that “there’s been a rupture in the world.” He said the structures we took for granted have been replaced by “a system of intensifying great power rivalry [...]
Starmer to face legal action on Chinese embassy approval January 20, 2026 China’s new “mega” embassy near the City will face a legal challenge from campaigners and local residents despite receiving approval from Keir Starmer’s government after months of diplomatic wrangling and protests highlighting security concerns. Residents of the Royal Mint Court site, the location where China is planning to build its embassy, have confirmed they will [...]
FTSE 100 and Wall St sink as EU and Trump war of words heats up January 20, 2026 The war of words between the Trump administration and Europe ramped up on Tuesday as world leaders headed for a showdown in Davos whilst global markets sunk into the red. Ursula Von der Leyen, the president of the European Commission, said the tariffs imposed on European nations due to their staunch defence of Greenland’s sovereignty [...]
Peter Kyle: Tariff tension could delay UK-US trade talks January 20, 2026 Donald Trump’s threat to unleash another round of tariffs on UK goods could delay work on the UK-US trade deal’s final stages, according to business secretary Peter Kyle, who branded the latest tensions “lose-lose” for Britain and America’s economies. The minister for business and trade warned the White House’s move to charge a 10 per [...]
Trump blasts Starmer on Chagos deal in shock change of tune January 20, 2026 President Trump has attacked Keir Starmer for the UK’s giveaway of the Chagos Islands to Mauritius, even though he gave his blessing to the deal last year. In a new Truth Social post scolding the Prime Minister over the Chagos deal, which includes a shared US military base at Diego Garcia that will be leased [...]
