JP Morgan poaches Monzo’s banking officer to head up Chase UK April 17, 2026 JP Morgan has poached a top executive from Monzo to head up Chase UK. The Wall Street giant has hired Kunal Malani, who has served as chief banking officer at Monzo since 2020, to lead its UK-based digital banking service. Malani has had stints at Barclays and HSBC in his retail banking career before heading [...]
Canada urges action on Swiss border as EES holds up business travellers April 17, 2026 Canada officials are pressing Switzerland to allow UK travellers to use automated passport gates to end the long airport queues that have become a regular gripe for business travellers. The new EU Entry/Exit System (EES), which covers the Schengen area, rolled out last week, and it has resulted in lengthy queues at airports [...]
Bank of England will set ‘high bar’ for any interest rate change April 17, 2026 Policymakers at the Bank of England will set a ‘high bar’ for making any interest rate change later this month despite growing expectations of rising inflation, top City analyst Simon French has said. The previous energy shock suffered by the UK following the Russian invasion of Ukraine in 2022 saw inflation spike to as high [...]
FTSE 100 Live: Stocks jittery as Starmer makes play to reopen Strait of Hormuz April 17, 2026 Good morning and welcome back to the City PM liveblog. The UK and France are set to co-chair a meeting with allies later today in a bid to strum up ways to re-open the Strait of Hormuz. The vital waterway, which sits off Iran’s coast, sees around a fifth of the world’s oil supply flow [...]
The £4.2m CMA sledgehammer over drip pricing that is totally out of proportion April 17, 2026 There’s a particular kind of institutional vanity that mistakes noise for impact. It’s particularly prevalent in Whitehall and abundant especially in those – like many in our government today – who have only ever worked in the bureaucratic state or legal profession. The CMA’s triumphant announcement this week — it’s very first fine under the [...]
Top Foreign Office civil servant ousted over latest Mandelson bombshell April 16, 2026 The top civil servant in the Foreign Office has been ousted after losing the confidence over Sir Keir Starmer and foreign secretary Yvette Cooper. Foreign Office permanent under-secretary Sir Olly Robbins has become the latest Westminster figure to lose their role to the Mandelson scandal after it had emerged the disgraced peer was denied clearance in [...]
UK suffered biggest unemployment surge in G7 April 16, 2026 UK unemployment rose at a faster pace than any country in the G7, the OECD has said, with a sharp rise in joblessness particularly damaging for the youngest people. Unemployment levels across the country rose sharply by 0.8 percentage points over the year to 5.2 per cent between the last three months of 2024 and [...]
Britain is underestimating the power of trade April 16, 2026 New figures show the UK conducts more than £5bn of trade every single day, yet we barely celebrate it, writes Carl Richardson.
UK rejoins Erasmus: British students to study across Europe from 2027 April 16, 2026 Six years after Brexit, British students will soon be able to study and work across Europe again, as the UK formally re-joins the Erasmus programme. The legal text, signed in Brussels on Wednesday, is intended to bring the UK back into the programme in 2027 after the UK pulled out of in December 2020 as [...]
Drop the drip pricing: Consumer watchdog snarls at sneaky fees added late in online bookings April 16, 2026 Online consumers hit by ‘drip pricing’ – when last-second, unavoidable costs are added at the checkout – may be about to save some cash, as websites levying such ‘sneaky fees’ move to the forefront of a crackdown from regulators. The Competition and Markets Authority announced its latest action against this illegal-but-widespread practice yesterday. It slapped [...]
