Barclays has followed suit with its banking peers with a major hike to its motor finance provisions after the financial watchdog launched its industry redress scheme. The FTSE 100 titan …
FTSE 100 Live: UK inflation data, bank earnings in focus
Good morning from the City AM liveblog team. The UK’s top banks are gearing up for a third-quarter reporting season where all eyes will be on the Labour government’s second …
West Ham on hook for £5m despite Potter’s Swede pick-me-up
West Ham will not receive any financial benefit from Sweden’s surprise appointment of Graham Potter, who is still set to bank around £5m in compensation after being sacked by the …
Inflation stays hot as UK’s economic woes deepen
Inflation in the year to September remained sticky, new figures have shown, in further evidence that the UK’s economic woes have deepened and hit Brits harder than those in other …
Performance, not privilege, should determine success in financial services
Financial services leadership is still too dominated by a privileged few, says for Lord Mayor Vincent Keaveny When I served as Lord Mayor of London, I often heard the City …
Darktrace boss blames employee share rules for London exit
The boss of Darktrace has said that the London Stock Exchange’s restrictive rules over offering options and equity to staff drove its decision to leave the UK bourse in 2023, …
The axe will have to fall on Britain’s runaway public spending
Rachel Reeves likes to insist that she will “never play fast and loose with the public finances.” It’s a phrase she deploys quite often, not least when it looks as …
The Debate: Is there any merit in a wealth tax?
Pledges to impose a wealth tax are often well received among the public, but would such a policy actually help Brits? Rebecca Gowland of Patriotic Millionaires and Rathbones’ Oliver Jones …
Housing secretary Steve Reed ‘overly optimistic’ for betting jobs on housing targets
The government’s housing secretary, Steve Reed, continues to be optimistic about the chance of a pledge to build 1.5m new homes in England despite mounting concern about delays. Earlier this week, Reed said …
Investment minister Jason Stockwood: I don’t want to be political
Jason Stockwood insists he hadn’t been angling for a plumb ministerial job before the call from Keir Starmer asking for him to be investment minister came six weeks ago. The …