Can the UK Spending Review Turn Ambition into Action?

According to new polling, the party led by Nigel Farage now stands at 34% support, nine points ahead of Labour and well ahead of the Conservatives. Hosts Francine Lacqua and David Merritt sit down with Zia Yusuf, head of Reform UK’s own “Department for Government Efficiency,” to explore the party’s rapid ascent and the political undercurrents driving it.See omnystudio.com/listener for privacy information.

It’s no secret the Labour government’s policy to tax the UK’s wealthiest as part of its effort to fix a budget crisis left by the Conservatives has caused Prime Minister Keir Starmer some headaches. The biggest exodus of wealth in the UK’s recent history appears to be underway, and the data shows the departure is likely to be a drain on the economy. But is it enough for Chancellor of the Exchequer Rachel Reeves to change course? And should she?Bloomberg reporter Benjamin Stupples joins host Allegra Stratton to discuss. See omnystudio.com/listener for privacy information.

London has long prided itself on being a global tech hub, promoting the image of a thriving and ambitious capital for innovation. But that reputation is beginning to slip. Major UK fintech firms like Revolut and Wise are shifting their focus—and listings—to the US, drawn by stronger valuations, deeper market liquidity and better access to compute infrastructure. As more companies look across the Atlantic, can London live up to the tech center image it projects? In this week’s episode of In the City, host Francine Lacqua speaks with Bloomberg editor Amy Thomson to explore whether London is keeping pace or simply masking its decline.Read more: https://www.bloomberg.com/features/2025-european-startups-to-watch/ https://www.bloomberg.com/news/articles/2025-06-10/europe-s-ipo-drought-has-stock-exchanges-battling-for-listingsSee omnystudio.com/listener for privacy information.

With the UK government’s spending review fast approaching, all eyes are on Westminster. In a matter of days, the public will gain a clearer sense of how funding is set to be allocated across departments over the next three years. There’s growing speculation that Chancellor of the Exchequer Rachel Reeves will make a significant push on infrastructure—a signal, perhaps, of shifting priorities. In this week’s episode of In the City, hosts Allegra Stratton and Francine Lacqua sit down with Sam Richards, chief executive of the think tank Britain Remade to unpack the upcoming review and step back to look at the bigger picture: Could this mark a real turning point? See omnystudio.com/listener for privacy information.

Today's show features a special episode from Bloomberg's Merryn Talks Your Money mini-series on how to navigate the UK housing market. Professor Yolande Barnes at University College London joins host Merryn Somerset Webb to discuss the market as a whole: what’s the outlook for home prices, what’s the best strategy when purchasing your first property and why the UK is at risk of an oversupply in houses. See omnystudio.com/listener for privacy information.

Francine Lacqua hosts this week's episode from the Qatar Economic Forum in Doha, where she and guests Matthew Martin, a Bloomberg senior reporter covering sovereign wealth funds, and Bloomberg deals reporter Dinesh Nair, discuss the wave of dealmaking emerging from the Middle East. Following US President Donald Trump’s recent visit to the region, the White House announced that Saudi Arabia, Qatar and the United Arab Emirates have made over $1 trillion in new economic commitments to the US, albeit with few details. These proposed deals are to span a range of key sectors, from defense and aviation to artificial intelligence. If completed, they would signal a major push toward strategic partnerships and long-term diversification. In this episode, we explore how business leaders are interpreting Trump's trip and what the region's evolving relationship with the US means to the investment landscape going forward. See omnystudio.com/listener for privacy information.

The UK government’s plan to scrap the “non-dom” tax status—a policy that allowed wealthy foreign residents to avoid taxes on overseas income—was designed to close a loophole and raise billions of pounds in tax revenue. However, according to a new study from the Centre for Economics and Business Research, it might end up costing the economy more than it brings in if just one in four of the 74,000 people affected chooses to leave the country.In this week’s episode of In the City, hosts Allegra Stratton and Francine Lacqua sit down with Nimesh Shah, chief executive of Blick Rothenberg, to unpack what’s at stake. See omnystudio.com/listener for privacy information.

It's been a whirlwind week for UK trade — first a deal with India, and now, a surprise announcement: a US-UK trade agreement. With aims to reduce trade barriers and increase market access for American imports and industrial exports, this latest deal sets the stage for closer economic ties between the two countries.Hosts David Merritt and Francine Lacqua speak with Dan Hanson from Bloomberg Economics to unpack the US-UK trade deal and what it could mean for the UK's broader economic outlook.See omnystudio.com/listener for privacy information.

London is closing the gap with New York for the title of world’s top financial center, according to the latest Global Financial Centres Index. Is it a signal that the the UK’s efforts to rejuvenate its banking and investment sectors post-Brexit are starting to pay off? On this week’s In The City, host David Merritt sits down with Chris Hayward, Policy Chairman of the City of London Corp., who makes the argument it is.See omnystudio.com/listener for privacy information.

On Tuesday, Megan Greene, one of the Bank of England’s most hawkish policymakers, said that while President Donald Trump’s wave of global tariffs is likely to raise prices in the US, the effect in the UK could be the opposite. “I think that the tariffs actually represent more of a disinflationary risk than an inflationary risk,” she says. On this week’s In The City, host Francine Lacqua sits down with Bloomberg UK economy reporter Tom Rees to break down Greene’s comments. They explore how US tariffs could create disinflationary pressure in the UK through trade diversion, and what that means for the BOE's outlook—including the likelihood of aggressive rate cuts and the use of quantitative easing.See omnystudio.com/listener for privacy information.