Trade, City of London, sterling and EU markets
Prime Minister Andy Burnham has called Jaguar Land Rover the ‘jewel in the crown’ of the UK economy, throwing his full support behind the automaker. The endorsement comes as JLR faces pressure from US tariffs and a costly shift toward electric vehicles.
Andy Burnham faced his first PMQs under fierce scrutiny as UK gilt yields surged to a 16-year high of 5.45 percent. Opposition MPs demanded answers on whether Labour’s spending plans were unsettling bond markets.
Britain’s most powerful AI supercomputer has been delayed before it even switches on, hit by persistent power supply problems at its host facility. The setback comes as the UK government faces growing pressure to prove its £900 million AI infrastructure push is paying off.
Rachel Reeves is set to argue the UK economy is poised for recovery even as gilt yields hit their highest levels since 2008. The chancellor faces a delicate balancing act with bond market turmoil squeezing already tight public finances.
Brent crude climbing above $80 a barrel is adding fresh headaches for Chancellor Rachel Reeves ahead of the October 30th budget. Higher oil prices threaten to keep inflation elevated and squeeze the government’s already tight fiscal room.
UK economic growth is forecast to slow to around 1% in 2025, squeezing public finances and threatening Andy Burnham’s regional investment ambitions. The outlook puts devolved leaders in an increasingly tight spot as Treasury funding comes under pressure.
Common Bond, the parent company behind Barrecore and Boom Cycle, has abruptly shut all its studios with no warning or timeline. Hundreds of members are now locked out and facing uncertainty over refunds.
UK GDP grew by just 0.1% in the latest monthly figures, raising fresh questions about the pace and strength of Britain’s economic recovery. Here’s what the numbers mean and where growth is heading.
A collection of Johnny Marr guitars has sold for nearly £4 million at Christie’s in London, headlined by a 1954 Telecaster used on The Smiths’ debut album. The same iconic instrument also appeared on the cover of Oasis’s first single, making it one of rock’s most historically loaded guitars.
Andy Burnham is under mounting pressure to champion a bolder economic agenda that could help Labour reclaim disaffected voters ahead of the next election. Progressive activists say cautious messaging simply won’t be enough.
