Tax row erupts as Reeves tells watchdog she will break manifesto November 7, 2025 The Labour government is split in a fresh tax row after Rachel Reeves reportedly told the fiscal watchdog she will raise income tax in her forthcoming Autumn Budget – a move that will break a key manifesto pledge. The Chancellor is said to have informed the Office for Budget Responsibility that an increase to income [...]
Adair Turner: Crypto? It’s like buying tulips in 1635 November 7, 2025 As chair of the FSA at the height of the 2008 financial crisis, Adair Turner knows all about the anatomy of a global crash. Over 15 years on, exuberance in AI and opaque private credit markets have set warning systems flashing. Ali Lyon, spoke to the arch-technocrat to see whether the fears are justified, and [...]
Bullsh*t spin: Labour and Nandy slammed over Kogan football appointment November 7, 2025 Labour has been accused of deploying “bullshit spin” in response to a report criticising the government’s appointment of David Kogan as chair of the Independent Football Regulator. A report by Sir William Shawcross declared that Department of Sport, Media and Culture secretary of state Lisa Nandy had breached the Government Code in appointing the media [...]
The Apprentice winner Harpreet Kaur speaks out after firm shuts down November 7, 2025 Harpreet Kaur has spoken out after the company Lord Alan Sugar invested in following her victory on The Apprentice in 2022 collapsed. City AM reported earlier this week that Oh So Yum entered voluntary liquidation at the end of October owing to a six-figure sum to its creditors. The dessert company had secured a £250,000 [...]
Sky in talks to buy ITV’s broadcasting arm for £1.6bn November 7, 2025 ITV has confirmed it is in early talks with Sky over the possible sale of its media and entertainment division, in a move that could reshape the UK television industry. In a statement to the market on Friday, ITV announced that it was in “preliminary discussions” regarding a potential sale of its broadcasting and streaming [...]
FTSE 100 Live: ITV and Sky takeover chatter; House prices rise November 7, 2025 Good morning from the City AM liveblog team. Yesterday, the Bank of England cut rates in a 5-4 decision with Governor Andrew Bailey playing decider. Policymakers at the Bank said the crunch decision weighed up contractions in the jobs market, which could lower inflation levels, and high inflation expectations of around 4 per cent among [...]
Six Nations should stage Ireland matches in USA, but not England ones November 7, 2025 There have been calls this week for Six Nations matches to be played in the United States, and I agree. But it should never be England crossing the Atlantic, and should almost always be Ireland. Andy Farrell’s Ireland successfully staged an epic spectacle at Soldier Field in Chicago against New Zealand. The game was pretty [...]
Higher earners to ‘pay thousands more’ in Reeves’ income tax raid November 7, 2025 Brits earning more than £75,000 could pay thousands of pounds more in tax should Rachel Reeves raises income taxes by 2p while cutting national insurance by the same percentage for those earning under £50,000. The Chancellor warned Brits that everyone will have to “contribute” to her Budget plans earlier this week, which has been interpreted [...]
Retail footfall sinks for sixth straight month as Brits fear Budget taxes November 7, 2025 Footfall at the UK’s shops has declined for the sixth consecutive month, marking another worrying sign for the retail sector. Total activity fell by 0.7 per cent in October, led by drops in shopping centre and retail park footfall, according to the British Retail Consortium (BRC). BRC chief Helen Dickinson said that nervousness around the [...]
Lord Frost to head up IEA think tank November 7, 2025 David Frost has been made the director general of the Institute of Economic Affairs (IEA) in a move the right-leaning think tank has said will herald a “new chapter” for the organisation. Lord Frost, the former cabinet minister best known for spearheading the UK’s Brexit negotiations under Boris Johnson, will be responsible for driving the [...]