Financial Services UK
UK to hold budget on Oct. 28, chancellor announces
John Healey vows fiscal discipline as Burnham government hands mayors new tax powers.
US-Iran war looms over Britain’s economy
Climate change is turning parts of Europe into an insurance nightmare
Burnham blasts FIFA plan to sell World Cup commercial rights
We might be in an AI bubble, global finance watchdog chief says
City gears up for a fight on bank tax under Burnham
What Andy Burnham’s three amigos tell us about his foreign policy
John Healey, Ed Miliband and Wes Streeting will be major players in how Britain’s new PM projects himself around the world.
Hamish Falconer appointed UK’s new Brexit minister
The former diplomat takes over from Nick Thomas-Symonds, a close ally of Keir Starmer, who has left government.
Britain’s Brexit Minister Nick Thomas-Symonds axed in reshuffle
The close ally of Keir Starmer was delivering the prime minister’s reset with the European Union.
Andy Burnham’s new (and old) look No. 10 takes shape
POLITICO runs through what we know about who will be doing the key roles in the next prime minister’s No. 10 Downing Street.
EU takes inspiration from Trump with bonfire of banking rules
The biggest U.S. bank, JP Morgan, has a greater market capitalization than the 10 largest EU banks combined. Brussels wants to compete.
Burnham to keep Trump-whispering US envoy in post
Varun Chandra will stay on as No. 10’s top business adviser and U.S. envoy.
Rachel Reeves isn’t gone yet, but the City already misses her
The Labour finance minister has presided over a remarkably City-friendly portfolio, with red-tape cutting for banks, insurers and beyond.
UK’s AI Security Institute loses societal resilience team
AISI’s societal resilience team lost almost all its researchers as it was folded into another unit, two people familiar said.
Europe’s stock exchanges battle Wall Street banks for the future of trading
The campaign for influence comes as political momentum behind the EU’s decade-long bid to create a U.S.-style financial market gathers pace.
What regulation will make the UK a world-leading financial center by 2035?
Renewed Middle East conflict will buffet world economy, IMF warns
The warning comes as President Donald Trump announced the U.S. ceasefire and peace process with Iran is “over.”
Trump administration reimposes sanctions on Iran oil sales
The Trump administration on Tuesday revoked a general license that had authorized the sale of Iranian oil after several tankers were attacked while transiting the Strait of …
Andy Burnham’s policy guru is up for the fight
Labour MP Miatta Fahnbulleh has been tasked with drawing up policy plans for a Burnham government. She says Brits are “screaming” for change.
Bank of England warns an AI crash could plunge UK into recession
Andrew Bailey warns of a “triple whammy” of risks as AI companies now make up half of the U.S. S&P 500, up from a quarter in 2022.
Britain’s top trade adviser charmed Trump’s team. Now his job is on the line.
Varun Chandra’s possible departure threatens to undermine an already fragile U.S.-U.K. relationship, industry figures fear.
Starmer’s worst welcome gifts for Burnham — rated
From a defense spending black hole to the promise of a teen social media ban — Keir Starmer leaves Andy Burnham with some massive headaches.
Andy Burnham soft-launches his premiership
Britain’s presumptive prime minister painted in broad strokes in a major Westminster speech — but behind the scenes aides are working frantically to put a detailed program together.
The battle for the worst job in Britain heats up
Andy Burnham’s choice of chancellor will be the clearest signal of the direction he is planning on taking the country as a whole.
Rachel Reeves pitches to stay as UK chancellor under Burnham
Reeves’ bid to remain chancellor comes after reports that Andy Burnham, who’s likely to become prime minister, would demote her.
What’s in Andy Burnham’s Brexit in-tray?
Keir Starmer has spent the last year negotiating a series of agreements with Brussels. But U.K. and EU officials both say the talks are far from done. Here’s what’s still to be settled.