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. 

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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.

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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.

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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.

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On this week's In the City, hosts Allegra Stratton and David Merritt delve into the likely nationalization of British Steel and how the crisis at the Chinese-owned company is forcing the Labour government to rethink its relationship with Beijing. Featuring Bloomberg Opinion columnist Matthew Brooker and senior economics reporter Philip Aldrick, the discussion probes conflicting views on China's role as a UK trade partner, and the broader economic implications amid current UK-US trade talks.

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Host Francine Lacqua, sits down with founder of Bridgewater Associates, Ray Dalio. 

They discuss a turbulent week in markets and identify driving forces, which shape economies and fuel the rise and fall of nations. 

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On this week’s In the City, host Francine Lacqua discusses the rise of private credit amid economic uncertainty driven in large part by US President Donald Trump and his global trade war. 

Joined by Bloomberg senior reporter Silas Brown, Lacqua looks at how key figures like Blackrock Chief Executive Officer Larry Fink have emphasized a shift towards private markets, and the importance of non-publicly traded opportunities as a way for average Americans to build wealth. The discussion also includes the challenges of high interest rates on valuations, and the evolving regulatory landscape required to protect retail investors as they gain access to private investments.

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UK Chancellor of the Exchequer Rachel Reeves has delivered her Spring Statement, and Bloomberg Chief UK Economist Dan Hanson and senior reporter Phil Aldrick join host Allegra Stratton to share their assessment. Aldrick posits that it wasn't "quite the horror show that some people were fearing" because restoring Britain's fiscal headroom didn't require severe public service and welfare cuts. But Hanson notes that even so, she's left herself little room to manoeuvre for the unexpected.

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Eight months after Labour’s landslide victory, Bloomberg examines if the UK government is on track to meet key election pledges. Senior reporter Phil Aldrick and Bloomberg Economics chief UK economist Dan Hanson join hosts Francine Lacqua and Allegra Stratton. 

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In this week’s episode of In the City, we explore whether more European businesses will decouple from American companies and Wall Street. Bloomberg deals correspondent Dinesh Nair describes the Trump-induced separation as yet another “unprecedented” rupture initiated by the Republican president. But it could be good news for Europe in the long run, being the spark needed the unify and galvanize European leaders into securing their own defense industries and economies.

“I’m not sure if he’s making America great again,” Nair says of Trump. “But he’s definitely trying to make Europe great again.” 

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