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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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UK says it has £25 billion in frozen Russian assets

The amount of frozen Russian assets in the U.K. has increased by 10 percent in a year.

March 21, 2025 12:07 pm CET

Bank of England holds key rate as Trump trade war clouds inflation outlook

By contrast, the rest of Europe is eyeing an acceleration in growth, as Germany prepares to open its wallet to restore its infrastructure and its defense capabilities.

March 20, 2025 1:17 pm CET

UK law firm slapped with £465K fine for Russian sanctions breach

Herbert Smith Freehills’ Moscow subsidiary made six payments of just under £4 million to sanctioned individuals who were subject to an asset freeze.

March 20, 2025 10:32 am CET

Why sh*t’s about to get real for Keir Starmer

A flurry of crucial policy reviews on areas that could define the U.K. prime minister’s government are coming due. POLITICO has you covered.

March 13, 2025 4:01 am CET

UK finance watchdogs drop DEI drive amid Trump backlash

The PRA and FCA will no longer bring forward proposals to require City of London firms to set diversity targets.

March 12, 2025 1:00 pm CET

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

Announcement slated to take place before cash-strapped Chancellor Rachel Reeves’ spring statement later this month.

March 6, 2025 7:39 pm CET

UK Treasury plots bailout for stricken Thames Water

Debt-laden water supplier has secured a private emergency loan — but can’t use it because of ongoing legal action.

March 6, 2025 11:25 am CET

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

Andrew Bailey tells MPs it would be a “very damaging thing for the world” if U.S. president pulls out of World Bank and International Monetary Fund too.

March 5, 2025 5:20 pm CET

France warms to idea of seizing Russian assets in Europe

Paris is looking into whether Russia’s €200 billion can be used to guarantee new loans to Ukraine.

March 5, 2025 4:18 am CET

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

Trump imposed a flat 25 percent tariff on goods from Mexico and Canada, and increased duties on Chinese goods from 10 to 20 percent.

March 4, 2025 6:15 pm CET

EU pushes emergency plan to send €150B in defense loans to governments

Hours after Trump suspends aid to Ukraine, von der Leyen unveils blueprint to help countries rearm and send weapons to Kyiv.

March 4, 2025 10:12 am CET
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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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