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Financial Services UK

Latest news and analysis on the intersection of UK financial policy, politics and regulation.
UK to hold budget on Oct. 28, chancellor announces

UK to hold budget on Oct. 28, chancellor announces

John Healey vows fiscal discipline as Burnham government hands mayors new tax powers.

July 31, 2026 4:28 pm CET
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
Canada pushes new UK government to join defense bank
Exclusive

Canada pushes new UK government to join defense bank

July 23, 2026 7:00 am CET
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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.

July 21, 2026 7:07 pm CET

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.

July 21, 2026 11:57 am CET

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.

July 20, 2026 7:24 pm CET

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.

July 16, 2026 10:01 pm CET

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.

July 16, 2026 5:12 pm CET

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.

July 16, 2026 12:35 pm CET

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.

July 15, 2026 3:45 pm CET
EXCLUSIVE

UAE pushes for bilateral trade deal with the UK

The ambassador said a bilateral deal would deepen cooperation in areas such as digital trade, financial services, AI and professional services.

July 15, 2026 7:45 am CET

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.

July 10, 2026 4:35 pm CET

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.

July 9, 2026 1:21 pm CET
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What regulation will make the UK a world-leading financial center by 2035?

July 9, 2026 5:00 am CET

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.”

July 8, 2026 3:00 pm CET
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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 …

July 7, 2026 11:47 pm CET

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.

July 7, 2026 8:00 pm CET

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.

July 7, 2026 2:19 pm CET
Exclusive

Top Burnham adviser says Whitehall is too focused on the US

Former Treasury minister Jim O’Neill — who has been advising Britain’s likely next prime minister Andy Burnham — says the second Trump administration has been a “wake up call” to civil servants.

July 7, 2026 4:00 am CET
Exclusive

Treasury rejects prospect of cancelling Reeves’ major City speech

The organisers of the annual Mansion House speech privately raised whether the speech should be postponed until Burnham’s ascendancy to No. 10.

July 6, 2026 9:42 pm CET

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.

July 6, 2026 7:45 am CET

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.

July 1, 2026 6:21 pm CET

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.

June 29, 2026 5:52 pm CET

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.

June 28, 2026 11:00 pm CET
Exclusive

Starmer to reject plea from Burnham to join defense bank

Downing Street and the Treasury remain cool on joining the bank, which will launch at the NATO summit next month.

June 25, 2026 4:04 pm CET

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.

June 25, 2026 11:48 am CET

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.

June 24, 2026 6:03 pm CET
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