King’s Cross retail sales boom as reinvention continues January 22, 2026 King’s Cross retail sales rose by double digits last year as the zone’s reinvention attracts significant retail and leisure investment. Total sales across the King’s Cross estate climbed by 13.5 per cent year on year, with retail sales up by 16 per cent and food and drink sales also climbing by 10 per cent. [...]
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, [...]
Budget damage to housing market set to continue, experts warn January 22, 2026 The UK’s housing market will continue to suffer from the impact of months of budget speculation last year as seller confidence languishes, property experts have warned. While sellers and estate agents breathed a sigh of relief when November’s Budget steered clear of most of the property that had been feared, these experts told City PM [...]
Coffee and sugar drive surging food inflation January 21, 2026 Sharp increases in the cost of coffee and sugar are behind the high rate of food inflation which is one of the drivers of the surprise inflation rise. The cost of food increased at a rate of 4.5 per cent in the year to December, overshooting the overall inflation rate of 3.4 per cent by [...]
UK’s net zero drive singled out in Trump attacks January 21, 2026 The UK’s net zero policies were singled out in President Trump’s long tirade against European energy struggles at the World Economic Forum in Davos. President Trump described the UK economy’s struggles in stark terms, suggesting that the Labour government had disregarded “one of the greatest reserves in the world” at the North Sea. In his [...]
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 [...]
Wealthy London boroughs see house prices plummet amid Budget speculation January 21, 2026 Inner London house prices plummeted at their fastest pace since the global financial crisis in November, after property taxes speculation in the lead up to the Autumn Budget and affordability constraints damaged market activity. The 4.6 per cent year on year drop of house prices in the capital in November followed a 4.3 per cent [...]
Nato and Europe must be ‘stronger,’ JP Morgan’s Dimon tells Davos January 21, 2026 The world’s most influential banker has said the world is “simply not safe” and called for a stronger Nato and Europe in a chilling warning to the economic elite at Davos. Speaking at the World Economic Forum, JP Morgan’s top boss Jamie Dimon said the eyes of the world “woke up” after Russia’s invasion of [...]
Wetherspoon shares sink after business rates knock profit January 21, 2026 Wetherspoon shares slumped on Wednesday after the pub giant laid bare the scale of the financial hit from November’s tax-raising Budget. The FTSE 250 member said cost rises across energy, wages, repairs and business rates had put up costs by a staggering £45m in the 25 weeks to mid-January. That would imply a cost rise [...]
UK inflation overshoots forecasts in cost of living warning January 21, 2026 Inflation overshot forecasts pencilled in by economists, sending the Bank of England a warning on their steady pace of interest rate cuts. New data published by the Office for National Statistics (ONS) has shown consumer price index (CPI) inflation, the headline measure for price growth, hitting 3.4 per cent in the year to December. Economists [...]
