News
UK economy falters as deeper damage to growth to come
1+ hour, 26+ min ago (143+ words) Politics and Economics Reporter The UK economy lost momentum in April, official data has revealed, as the energy price shock from the Iran war took its toll on businesses and consumers." The Office for National Statistics said GDP declined by…...
Never forget the undeniable moral case for capitalism
22+ hour, 32+ min ago (392+ words) Christian May is the Editor-in-Chief of City AM. He served in the role from 2015 to 2020 and returned in 2024. He writes the daily Editor's Letter for print and online and releases The Week in Business roundup video each Thursday. He is…...
Kennedys tops "450m global revenue as Middle East conflict drives growth
1+ day, 13+ hour ago (608+ words) Law firm Kennedys has reported its 12th consecutive year of growth, surpassing "450m for the first time, with the Middle East conflict partly driving revenue. The City-headquartered firm, which specialises in advising the insurance sector, has generated "457m for the financial year 1 April…...
Course correction: UK economy to contract as energy shock catches up
2+ day, 15+ hour ago (456+ words) Politics and Economics Reporter The UK economy is expected to contract despite a boost at the start of the year, with economists warning that the war in Iran's energy price shock will now show up in fresh data." Economists believe…...
Bellway: Mortgage rate hikes dampening housing demand
2+ day, 20+ hour ago (572+ words) Bellway has said that recent rises to mortgage rates as a result of the Iran war are dampening demand for housing, on top of rising building cost inflation due to the conflict. The FTSE 250 housebuilder said it has seen a…...
Even Zack Polanski's favourite economist admits wealth taxes don't work
3+ day, 19+ hour ago (372+ words) Gabriel Zucman has told Zack Polanski's podcast that wealth taxes don't work " so why are they both so keen to bring them back? Asks Kristian Niemietz Who said that? Was it an economist from a Tufton Street think tank? Was…...
Municipal bonds could revolutionise Britain " but there's a catch
1+ week, 1+ day ago (184+ words) Municipal bonds could create genuine local economic autonomy. But they require infrastructural change to work, writes Tim Focas So for all Burnham's positivity about his track record, every major local infrastructure project still needs treasury officials in London to give…...
Borrowing costs fall as interest rate hike fears ease
1+ week, 2+ day ago (535+ words) Government borrowing costs fell sharply on Tuesday, after a dovish speech from Bank of England governor and revived hopes of a Middle East peace deal led traders to pare back bets on central bank interest rate hikes. Gilts rebounded across…...
Regional bond revolution risks making Britain more unequal and less prudent
1+ week, 2+ day ago (176+ words) If Andy Burnham wants a municipal bond revolution, he must first build the fiscal architecture to make it sustainable, says Tim Focas Well, it is not so much that local borrowing is inherently bad. After all, look at what it…...
UK manufacturing survives Iran war impact
1+ week, 3+ day ago (163+ words) Politics and Economics Reporter 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…...