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Financial Services UK

Latest news and analysis on the intersection of UK financial policy, politics and regulation.
This newbie UK minister faces a baptism of fire on a key Labour promise

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.

March 7, 2025 4:20 am CET
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
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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.

February 24, 2025 11:05 am CET

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.

February 20, 2025 7:26 pm CET
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Labour rushed through vetting for top investment minister

Watchdog got just 48 hours to scrutinize tech executive Poppy Gustafsson, who made her name at Mike Lynch’s Autonomy and Darktrace firms.

February 19, 2025 4:00 am CET

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.

February 17, 2025 3:53 pm CET

Trump sets out process for imposing global reciprocal tariffs

The president tasked top Cabinet officials to study the matter further before deciding on specifics.

February 13, 2025 9:18 pm CET

Britain signals loosening of Syria sanctions after fall of Assad

Minister says tweaks will support Syrian people “in re-building their country.”

February 13, 2025 12:20 pm CET

The UK economy just about grew at the end of 2024

News offers a sliver of relief to Keir Starmer’s government.

February 13, 2025 8:45 am CET

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.

February 13, 2025 4:00 am CET

Trump’s ‘reciprocal’ tariffs could target EU’s value-added taxes

President Donald Trump is expected to sign a reciprocal tariff executive order Thursday.

February 13, 2025 1:00 am CET

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.

February 12, 2025 4:36 am CET

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.”

February 8, 2025 2:32 pm CET

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.

February 6, 2025 1:22 pm CET
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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.

February 5, 2025 1:01 pm CET

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.

February 5, 2025 6:00 am CET

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.”

February 4, 2025 8:30 am CET

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.

February 3, 2025 9:32 pm CET

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.

February 3, 2025 9:02 am CET

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.

February 3, 2025 4:34 am CET

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.

January 29, 2025 4:30 am CET

‘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.

January 28, 2025 3:19 pm CET

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.

January 28, 2025 4:12 am CET

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.

January 22, 2025 1:24 pm CET

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.

January 22, 2025 9:35 am CET

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.

January 20, 2025 4:50 pm CET
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