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Plus, Bloomberg finance editor Katherine Griffiths joins on what the political mess means to the City of London's reputation and whether business leaders feel the worst is over - or yet to come. In this episode of In the City, David Merritt and Francine Lacqua discuss the path to prime minister with Bloomberg reporter Ellen Milligan, and we hear insights from Wickham (like all the WhatsApp gossip), Tory MP Karl McCartney, and former Liberal Democrat leader Vince Cable. (Bloomberg) -- Subscribe to In The City on Apple podcastsSubscribe to In The City on Spotify As soon as Liz Truss resigned as prime minister, names of possible successors starting popping up in the press. [Extracted from the article]

As Bloomberg managing editor for markets Kristine Aquino puts it in this week's bonus episode of In the City, "monetary policy and fiscal policy are clashing wildly and the bond market is up in arms." Plus, Loukia Gyftopoulou, Bloomberg asset management reporter, explains the risks facing the UK pension industry and why these unprecedented moves could change the industry permanently. (Bloomberg) -- Subscribe to In The City on Apple podcastsSubscribe to In The City on Spotify The UK gilt market is in crisis mode. [Extracted from the article]

But, Ashworth explains, if the proposal is part of a larger package to improve the competitiveness of the City of London, then there may be broader merits, even if it's tricky to pinpoint the specific advantages of relaxing pay rules. (Bloomberg) -- Subscribe to In The City on Apple podcastsSubscribe to In The City on Spotify It's a big week for Britain. In this week's In the City, Legal and General chief executive officer Nigel Wilson joins David Merritt and Bloomberg finance editor Katherine Griffiths to discuss what business leaders need to hear and whether any of it matters if they can't deliver. [Extracted from the article]

(Bloomberg) -- Subscribe to In The City on Apple podcastsSubscribe to In The City on Spotify Even as the UK takes a moment to reflect on the reign and passing of the Queen, new Prime Minister Liz Truss isn't wasting any time in setting the tone for her administration. "This is a government in a hurry", says Allegra Stratton, author of Bloomberg's daily UK newsletter The Readout and former Downing Street press secretary. [Extracted from the article]

(Bloomberg) -- The immediate anger toward how the London Metal Exchange handled the nickel squeeze is not fading. Bloomberg reporter Jack Farchy joins this week's In the City podcast for a conversation with David Merritt and Francine Lacqua around the criticism facing the LME. Months later, the LME is dealing with a raft of investigations and lawsuits, and the nickel market is still reeling. [Extracted from the article]

In addition to their conversation with Philip Hammond, David Merritt and Francine Lacqua speak with Bloomberg crypto reporter Emily Nicolle, who discusses the history of crypto regulation in the UK. (Bloomberg) -- The UK must make moves over the next couple of months or it will lose its chance to take the lead on crypto, the country's former Chancellor of the Exchequer Philip Hammond warned. Speaking to David Merritt and Francine Lacqua, Hammond said progress has been slow in setting clear regulation on the crypto industry. [Extracted from the article]