As it happened: Stocks tumble after Apple rattles global markets; UK food exports hit by US tariffs Markets Welcome back to the City PM liveblog. Markets are digesting fresh inflationary fears driven by Apple’s price hike as well as renewed threats over the safety of the Strait of Hormuz this morning after a projectile struck a vessel off the coast of Oman. Asian equity markets took a tumble overnight as price increases announced [...]
The West End works as one economy – policy should catch up Opinion The West End functions as an integrated economy, yet policy continues to govern it in fragments, writes Ros Morgan.
City chairman: Reports of London’s death have been greatly exaggerated Opinion Despite many claims to the contrary, what's happening in London today is not stagnation, but renaissance writes Chris Hayward.
Services sector rebound expected to help economy limp towards growth February 10, 2026 Rachel Reeves is set to breathe a minor sigh of relief at the sight of new economic data this week with the UK economy expected to have limped towards growth in December. A survey of City economists by Bloomberg had projected a 0.1 per cent expansion in December and 0.2 per cent for the fourth-quarter. [...]
Business confidence ticked up after Budget, Lloyds Bank says December 23, 2025 Business confidence inched up at the end of 2025, according to a new survey, as firms were brought some relief and clarity after the Autumn Budget. Lloyds Banking Group’s latest Business Barometer found business confidence etched up 10 points by the end of 2025 when compared with the beginning of the year. Half of this [...]
Sir Devonshire Square: A new hotel embodying the City’s spirit December 18, 2025 Sir Devonshire Square: A new hotel embodying the City’s spirit Devonshire Square sits at the meeting point of Shoreditch’s creative energy and the City’s commercial core. Just two minutes from Liverpool Street station, Britain’s busiest by footfall, it offers a unique blend of history and modern vibrancy. Its restaurants and bars, including Cinnamon Kitchen, KöD [...]
UK on ‘recession watch’ as economy contracts amid Budget chaos December 12, 2025 The UK economy shrank 0.1 per cent in October – the second consecutive month of decline – as businesses paused investments amid consistent speculation about upcoming tax hikes in Rachel Reeves’ second Autumn Budget. The latest figures published by the Office for National Statistics (ONS) dealt another blow to the Chancellor’s growth agenda as new [...]
London Museum: inside the £400m cultural development at West Smithfield December 9, 2025 The London Museum is set to open at West Smithfield in 2026. It is one of Europe’s largest cultural developments and is backed by more than £400m in funding from Canada Corporation and the Mayor of London, of which the City Corporation is contributing £222m. I recently toured the museum and met [...]
Booming Manchester outshines ‘stagnant’ London November 4, 2025 Greater Manchester’s booming economy is outstripping the rest of the country and throwing into sharp relief the “stagnant” state London has found itself in since the 2008 financial crisis, according to a new report. As Chancellor Rachel Reeves sets out the productivity challenges facing the UK ahead of the Budget, new analysis from Oxford Economics [...]
Barclays, Citi, JP Morgan bosses sound alarm on bank tax September 25, 2025 Rachel Reeves has been handed a warning by top banking chiefs to prioritise stability for the financial services industry amid speculation of looming tax hikes. The bosses of UK banking giants have cautioned the Chancellor on potential tax rises and stressed the sector must remain competitive. Barclays’ boss CS Venkatakrishnan – known as the Venkat [...]
