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UK economy

  • Replace Reeves if Starmer goes, voters tell Labour

    June 2, 2026

    Rachel Reeves should be replaced as Chancellor if Sir Keir Starmer is ousted in a Labour leadership contest, the majority of voters believe.  Reeves’ team had told newspapers that she should stay on in order to maintain some stability if Starmer were defeated by Wes Streeting, Andy Burnham or another Labour leader contender in a [...]

  • Labour may not agree with Blair, but the public does…

    June 2, 2026

    This month’s City PM / Freshwater Strategy Poll reveals that the public is largely on the side of the former Prime Minister rather than Keir Starmer or his potential heirs when it comes to welfare, energy costs and growth, says Matthew Lesh Love him or, like many others, absolutely detest his guts, it’s hard to avoid the [...]

  • Wayve: London robotaxis will make passengers forget there’s no driver

    June 2, 2026

    Wayve believes Londoners will stop noticing they are sitting in driverless cars within minutes of using them, as the British AI startup prepares to launch autonomous vehicles on Uber’s network in the capital. Kaity Fischer, Wayve’s vice president of commercial and operations, said the company expected passengers to move quickly from novelty to habit once [...]

  • Mandelson Files add insult to injury, but the patient was already beyond saving

    June 2, 2026

    The deluge of emails, Whatsapp messages and hand-written notes released yesterday cover the full range of political and diplomatic life, from the absurd to the poignant; from rows over a gift for Donald Trump to soul-searching over Keir Starmer’s failures, it’s all there in black and white. What’s clear at a glance is quite how [...]

  • Pension master trusts join forces to tackle outdated transfer systems

    June 2, 2026

    Eight pension master trusts have joined forces in a bid to improve the pension transfer system following uproar over its outdated and sluggish practices. The group, dubbed Pathfinder, brings together trusts including Nest, Smart Pension and People’s Pension, which represent over £162.7bn in funds under management and 14.5m savers. It aims to examine the current [...]

  • Sadiq Khan: London tech boom can weather ‘dizzying’ AI risks

    June 1, 2026

    Sadiq Khan has insisted London is “busy writing” the future of AI despite the “dizzying” risks posed by the technology, as fresh figures show the capital has reclaimed its position as Europe’s leading tech hub. The Mayor of London said AI presents both “impacts and opportunities”, but argued the capital was well placed to benefit [...]

  • Labour voters lead AI adoption as public remains split on impact

    June 1, 2026

    Labour supporters are more likely to use AI tools such as ChatGPT and Claude than voters of any other major political party, new polling has found. The latest City PM/Freshwater Strategy poll of UK voters found Labour backers are the heaviest users of AI assistants, while two-thirds (66 per cent) of voters overall have used [...]

  • Inside Celonis, the German tech unicorn that won over a fifth of the FTSE 100

    June 1, 2026

    For a company valued at more than $13bn (£9.58bn), Celonis remains relatively unknown in Britain. Founded in Munich in 2011, the software company has become one of Europe’s most valuable private tech firms, with customers including AstraZeneca, ASOS, BMW and the UK Cabinet Office. The UK has become one of its three largest markets globally. [...]

  • Brits back Blair’s growth calls – yet are squeamish over welfare cuts

    June 1, 2026

    Most Britons back Tony Blair’s demands to prioritise cheaper energy over net zero and support the private sector to boost growth, yet are squeamish over slashing disability payments and reforming the triple lock pension, polling has shown.  Following up on Tony Blair’s rallying call for potential Labour leadership contenders to focus on growth, City PM/Freshwater [...]

  • UK manufacturing survives Iran war impact

    June 1, 2026

    The UK’s manufacturing sector appeared to survive the immediate impact of the Iran war in May, new data has suggested, as researchers suggested that production rose to a four-year high.  S&P Global’s purchasing managers’ index (PMI) for the sector hit 53.9 in May, well above the neutrality figure of 50 and higher than April’s recording [...]

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