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UK economy

  • Tony Blair accuses Starmer of damaging economy by clinging to manifesto pledges

    May 27, 2026

    Sir Tony Blair has taken a swipe at Sir Keir Starmer for sticking to campaign pledges from Labour’s 2024 manifesto, which he says are economically damaging and should have been dropped “right at the outset.” In a 5,000-word essay published by his think tank, Labour’s longest serving PM pointed out that Budgets put forward by [...]

  • Energy price cap to jump 13 per cent this summer

    May 27, 2026

    UK households will be hit by a sharp £200 rise in energy bills next month, leaving Brits bracing for a painful winter of higher bills off the back of the Iran war. From 1 July to 30 September the annual energy price cap will be £1,862 per year, up from the current cap of £1,641, [...]

  • As it happened: US-Iran peace hopes sends oil lower; Brits handed energy price cap blow

    May 27, 2026

    Good morning and welcome back to the City PM liveblog. Global markets were able to take the new developments in the Middle East in their stride on Tuesday amid hopes a peace deal was on the horizon. The FTSE 100 ended the day in the green and despite some choppy trading oil prices eased. This [...]

  • Andy Briggs: UK is hurtling towards a pensions disaster

    May 27, 2026

    Without radical change, Britain will find itself amidst a pensions disaster, with millions worse off, writes Andy Briggs.

  • The Debate: Is Britain’s minimum wage too high?

    May 27, 2026

    Rishi Sunak has confessed minimum wage hikes he oversaw were too high. But is raising wages during a cost of living crisis really so bad?

  • Jeevun Sandher MP: I am committed to Labour’s fiscal rules, but delivery matters too

    May 27, 2026

    Rattled by watching the bond markets, Labour MP Jeevun Sandher says it's time for Labour to prioritise economics over politics.

  • Starmer’s steel tariffs are as hare-brained as Trump’s

    May 27, 2026

    Contrary to supporting the industry, Starmer's steel tariffs will push manufacturing offshore and invite retaliatory EU action, writes Andrew Griffith.

  • Moneybox profit slides as wealth manager bets on ‘high levels of automation’

    May 27, 2026

    Moneybox saw its profit slide by nearly a quarter in the last year as the wealth manager invested “heavily” in new technology and bet on “high levels of automation”. The London-based fintech notched its third consecutive year of profitability but faced a 23 per cent drop in its pre-tax takings at £14.9m by the end [...]

  • An Inspector Calls at Nationwide’s annual general meeting

    May 27, 2026

    In 49 days An Inspector Calls at the Nationwide annual general meeting and in this week’s column Samuel Norman looks at what he could be asking. Also on the agenda… after annual report season, it’s time for Starling to go full throttle on Engine. Not since the keen-eyed Inspector Goole shattered the comfortable illusions of [...]

  • Vulnerable bank customers could face ‘higher barriers’ to redress in Treasury overhaul 

    May 26, 2026

    Warnings are being raised over a planned Treasury shake-up of financial services rules after an impact assessment revealed vulnerable customers could be excluded from receiving compensation when wronged. The government unveiled its Enhancing Financial Services Bill at the King’s Speech, which paved the way for reform to consumer redress protections through changes in the Consumer Credit [...]

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