Financial Services UK

This newbie UK minister faces a baptism of fire on a key Labour promise
Miatta Fahnbulleh, left-wing-economist-turned Labour minister, has been tasked with cutting Brits’ energy bills. But convincing the Treasury to budge makes it a mammoth task.

Keir Starmer preps major UK deregulation plan

UK Treasury plots bailout for stricken Thames Water

Trump trade war could have ‘substantial’ impact on UK, says Bank of England boss

France warms to idea of seizing Russian assets in Europe

Trump exempting us from tariffs won’t prevent economic damage, says UK’s Reeves

EU pushes emergency plan to send €150B in defense loans to governments
UK targets Russian oligarchs ahead of Trump-Starmer meeting
UK says Russian oligarchs with links to the Kremlin will be banned from entering the country.
The three big roadblocks on the way to a UK-India trade deal
Britain’s trade chief travels to Delhi Monday to resurrect the long-drawn-out talks. POLITICO’s trade reporters set out the challenges ahead.
UK’s Starmer to meet Trump next week
Prime minister heads to Washington to meet with US president as European capitals fret over Ukraine’s future.
Trump sets out process for imposing global reciprocal tariffs
The president tasked top Cabinet officials to study the matter further before deciding on specifics.
Britain signals loosening of Syria sanctions after fall of Assad
Minister says tweaks will support Syrian people “in re-building their country.”
The UK economy just about grew at the end of 2024
News offers a sliver of relief to Keir Starmer’s government.
Keir Starmer plots visit to China. He just needs a policy first
Trip would be first by a UK prime minister in more than seven years — but there is still a live debate about the Labour government’s “audit” into its China policy.
Trump’s ‘reciprocal’ tariffs could target EU’s value-added taxes
President Donald Trump is expected to sign a reciprocal tariff executive order Thursday.
Brexit reset tested as Brussels and London fight about finance
Two decisions by British watchdogs, both of which have a direct effect on the EU, blindsided Brussels and threatened to derail healing wounds.
US judge orders sweeping restriction on DOGE access to sensitive Treasury data
The judge limited access to “civil servants with a need for access” who have “passed all background checks and security clearances.”
Bank of England deals double blow to Keir Starmer
Pain for the UK government as BoE cuts growth forecasts but raises its estimates for inflation.
Farage offers Trump tips to take on the banks
Debanking went stateside in November, but has a well-trodden history in Britain after Farage was kicked out of Coutts bank.
BoE prepares to cut rates as economic risks take precedence
The outlook has darkened since Rachel Reeves’ budget, and a relative degree of indulgence for the U.K. from Donald Trump isn’t enough to make it better.
EU leaders to travel to UK for Brexit reset summit in May
European Council President António Costa said the summit would focus on devising “the closest relationship it will be possible to build together.”
Trump orders creation of sovereign wealth fund, hints it could buy TikTok
The new wealth fund could be used to finance major government projects and fund strategic investments in critical areas like supply chains.
Trump hints Britain could duck tariffs as he clobbers allies
“Prime Minister Starmer has been very nice,” says U.S. president as he suggests trade disputes with the U.K. can be ironed out.
London snubs Brussels by putting Trump first on banking
Britain blindsided the European Union just before Trump took office by parking a host of banking reforms — and directly pointing to uncertainty in the US.
Britain’s Rachel Reeves needs a growth miracle
All the big hurdles to an economic turnaround as the UK chancellor makes her pro-growth pitch.
‘Wake-up call’: How a Chinese startup could rock Trump’s stock market
If DeepSeek is as affordable and transformative as advertised, the stock market bull run that welcomed Trump back to the White House could hit a major roadblock.
Trump’s war on tech taxes is a big problem for Britain
U.S. tech lobby groups plan to use trade negotiations to push back against the U.K.’s Digital Services Tax.
Britain purged its antitrust watchdog. Big Tech couldn’t be happier.
The CMA’s new chair is a former tech exec who clashed with the regulator. No wonder large tech firms are feeling hopeful.
UK ousts antitrust chief, brings in former Amazon exec
Marcus Bokkerink will leave the Competition and Markets Authority (CMA) after facing pressure from Business Secretary Jonathan Reynolds.
Trump not expected to impose tariffs as part of Day One orders
The decision from incoming President Donald Trump contradicts his promise to impose a 25 percent tariff on Mexico and Canada on his first day in office.