Sadiq Khan’s ideological aversion to profit is blocking London housebuilding April 29, 2026 Just as measures to stimulate the housebuilding sector are being warmly received, Sadiq Khan is undermining efforts with talk of rent caps, writes Andrew Teacher.
UK set to suffer £35bn hit from Iran war as growth downgraded again April 29, 2026 The UK risks finding itself on the brink of recession as a result of the Iran war, a leading economics think tank has warned, as the potential damage to Rachel Reeves’ fiscal headroom and the threat of interest rates hikes has been laid bare in a new report. In what will come as dire reading [...]
Airtel eyes fintech IPO spin off in $10bn boost for London market April 28, 2026 British telecommunications giant Airtel is mulling listing its mobile money business on the London Stock Market in what could be one of the largest public debuts on a European exchange in years. Airtel Money – a digital commerce service that allows users to store money, transfer funds and buy mobile data – is said to [...]
Pension deadlock: Government and Lords refuse to back down in stalemate April 28, 2026 The government and the House of Lords are locked in a high-stakes political standoff over pensions, both refusing to back down on their demands for the Pension Schemes Bill, leaving its passage up in air as the clock winds down on this parliamentary session. Attempts to finalise the bill in the upper house remain ensnared [...]
A ‘safe harbour’? London needs more ambition than that April 28, 2026 Boring stability might win London short-term preference, but it won't see us win the race for any bigger prizes, writes Janine Hirt.
‘Stuff of nightmares’: Hold interest rates, City PM Shadow MPC says April 28, 2026 Interest rates should be left unchanged in April but the future path of monetary policy could be unclear, City PM’s Shadow Monetary Policy Committee has suggested. A group of City economists and academics has called for interest rates to be left at 3.75 per cent on Thursday, citing the risk of higher inflation due to [...]
Barclays takes shot at tax speculation as UK growth forecast cut April 28, 2026 Barclays has taken a shot at the wave of tax speculation surrounding the industry as the bank trimmed its growth output for the year ahead. Fears the banking sector might be targeted for a cash grab have gathered pace following the war in Iran, amid concerns over mounting cost pressures. The Middle East conflict is [...]
Howard de Walden Estate splashes £50m on Harley Street property deals April 28, 2026 The Howard de Walden Estate has spent £50m on acquisitions in the Harley Street neighbourhood, City PM can reveal, as it tightens its dominance over the capital’s private health hub. The property company has acquired three long leaseholds in Harley Street and Wimpole Street, with a combined 50,000 sq ft footprint, featuring a blend of [...]
BP reports highest profits since 2023 off the back of Iran war April 28, 2026 Oil and gas giant BP has reported its highest quarterly profit since 2023 in its latest trading update, as the group capitalised on rising oil prices sparked by the ongoing conflict in the Middle East. In its first results since the war in Iran broke out in February, BP reported a surge in profits to [...]
Reeves rent freeze proposal dubbed ‘disaster’ for renters and landlords April 28, 2026 Rachel Reeves has fuelled rumours she is considering a rent freeze as leading economists said the policy would be a “disaster” for renters and landlords. Addressing the Commons on Tuesday afternoon, the Chancellor was asked by a Labour MP to implement a freeze on private rents. “I will do everything in my power and use [...]
