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Financial Services UK

Latest news and analysis on the intersection of UK financial policy, politics and regulation.
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G20 countries agree on need to tax the super-rich — but later

Governments to start looking at question of tax on billionaires, according to statement seen by POLITICO.

July 26, 2024 12:10 pm CET

Germany wants a Brexit mega deal

Berlin wants to expand the British prime minister’s proposed security pact into a broader EU-UK “reset.”

July 25, 2024 6:02 pm CET

Trump courting crypto industry could spell trouble for Europe

Trump’s about-turn on crypto-assets — and his pick of crypto-evangelist running mate JD Vance — resurfaces a nightmare scenario for EU policymakers.

July 24, 2024 4:15 pm CET

EU, US near deal on $50B loan to Ukraine

Loan would be paid back using profits from invested frozen Russian assets.

July 22, 2024 3:20 pm CET

Ukraine strikes deal to delay debt repayments

The deal gives Kyiv vital breathing space, and is set to be flanked by fresh tax increases and money generated by frozen Russian assets.

July 22, 2024 2:13 pm CET

UK launches pensions review in bid to boost investments

The landmark review into the pensions and investment market seeks ways to boost the investment potential of support schemes while equally optimizing savings for pensioners.

July 20, 2024 11:30 pm CET

UK ‘nowhere near’ renegotiating trade deal with EU, says David Lammy

The British foreign secretary’s comments come as leaders descend on Blenheim Palace in Oxfordshire for a meeting of the European Political Community.

July 18, 2024 11:36 am CET

UK inflation stays at 2 percent target in June

But services are still making life difficult for the Bank of England.

July 17, 2024 8:39 am CET

Britain finally has a female chancellor. It only took 800 years.

Meet Rachel Reeves: the chess-playing former banker who needs to get the U.K. economy rolling.

July 12, 2024 4:01 am CET

Labour’s top policy priorities

A deep dive into what Keir Starmer’s government will tackle in their first 100 days and then in their first year.

July 6, 2024 3:40 pm CET

David Lammy appointed as UK foreign secretary

He will need to grapple with the war in Ukraine and the conflict in Gaza.

July 5, 2024 4:53 pm CET

The UK’s Brexit dream is dead

Sorry Boris, your Euroskeptic vision has failed in so many ways.

July 4, 2024 6:23 am CET
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European markets open higher on relief at French election results

Stocks bounce sharply as the first round of voting leaves Le Pen’s National Rally looking short of securing a majority in parliament.

July 1, 2024 9:42 am CET

The Hungarian presidency: Let the games begin

Brussels holds its breath as Budapest takes over rotating Council presidency.

June 25, 2024 6:00 am CET

How to navigate Hungary’s EU presidency policy agenda like a pro

The country’s Council stint will be marked by political change in Brussels following the EU election.

June 25, 2024 6:00 am CET

City dreams of Labour win to deliver new Brexit deal

It’s considered a ‘hanging offense,’ but could some EU countries hash out side deals with the UK on financial services?

June 25, 2024 5:00 am CET

Why Washington is waiting on ‘Super Mario’

The former Italian prime minister is preparing to issue a sweeping report on economic competitiveness that sets up Europe to take on China — and America.

June 21, 2024 8:21 am CET

UK hits 2 percent inflation target 

The metric bolsters a beleaguered Conservative party that had made inflation a central issue ahead of the July 4 election.

June 19, 2024 8:09 am CET

France risks IMF, Commission oversight if Macron loses, finance minister warns

Bruno Le Maire raises the specter of financial disaster for France if President Emmanuel Macron’s opponents win this month’s snap election.

June 18, 2024 6:04 pm CET

Fully updated: Our Labour policy tracker

Absolutely everything you need to know about what the opposition party is promising ahead of the July 4 election.

June 13, 2024 7:44 pm CET

Nigel Farage eyes debanking revenge with plan to hit bank profits

Reform UK thinks they can raise up to £40 billion to fund tax cuts by treating banks’ QE reserves differently.

June 10, 2024 9:39 pm CET

No, you’re a banker! Sunak and Reeves’ City backgrounds weaponized in UK election

Both the prime minister and shadow chancellor were employed in the banking sector during the 2008 financial crash

June 10, 2024 7:00 am CET

Bankers already won the UK election

Whichever party forms the next government, the City gets what it wants — in stark comparison to recent elections.

June 10, 2024 5:00 am CET

Brits think Labour will unpick Brexit. They may be disappointed.

New polling for POLITICO suggests many voters just haven’t got Keir Starmer’s message.

June 5, 2024 8:06 pm CET
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