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Politics

  • ‘Calm before the storm’: City warns Healey growth spurt won’t last

    Economics

    The UK economy’s surprise summer growth spurt is set to be “blown away” by a spike in energy prices and a recent surge in the cost of borrowing, economists have warned the government. Fresh figures revealed on Friday that the economy expanded 0.4 per cent in July, ahead of initial forecasts that predicted flat growth. [...]

    Patrick Healey in a suit with a red tie, looking contemplatively to the left, with an American flag behind him.
  • UK economy grew unexpectedly after Burnham took over as Prime Minister

    Economics

    The UK economy had surprise growth in the month Andy Burnham became Prime Minister. Official figures from the Office for National Statistics (ONS) have revealed GDP expanded 0.4 per cent in July, racing ahead of City economists’ forecast of zero growth. This was led by 0.4 per cent growth in the UK’s mammoth services sector, [...]

    Andy Burnham, Mayor of Greater Manchester, speaking with hands gesturing, wearing a suit and glasses.
  • Wetherspoon boss Tim Martin attacks government’s ‘unfriendly’ attitude to business

    Politics

    Wetherspoon boss Tim Martin has said he is “very concerned” by the wealth exodus gripping the UK as he hit out at Labour’s “unfriendly” attitude towards entrepreneurs.  The pub tycoon said it is “madness” to blame the number of ultra-rich businesspeople leaving the country on anything other than the business conditions created by the government.  [...]

    Wetherspoon chairman Tim Martin smiling in a red sweater outside a pub with ON THE FIVE sign
  • Burnham warned against using ‘accounting trick’ to ramp up borrowing

    September 10, 2026

    Andy Burnham and John Healey have been warned against using an “accounting trick” to ramp up borrowing given the volatility shaking bond markets and traders’ vigilance to extra gilt issuance.  Analysts at Oxford Economics said that it looked likely the government would use extra borrowing across bodies like the British Business Bank and the National [...]

  • Hospitality sector blasts Burnham’s uncapped tourist tax

    September 10, 2026

    The hospitality sector has blasted proposals from Andy Burnham’s government to introduce a fresh tax on tourists. The industry has been left reeling after the government confirmed a new overnight levy on tourists that will have no upper cap. Regional authorities are set to be handed the power to introduce a levy to support regional [...]

  • As it happened: FTSE 100 dives as oil marches to $106; Trump threatens long war

    September 10, 2026

    Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index shed as much as 0.4 per cent on Thursday morning, as Associated British Foods’ 11 per cent dip cancelled out modest gains from London’s oil majors and consumer giants like JD Sports and Whitbread. Despite recent expectations that the Iran war is far [...]

  • Our debt addiction can only end in tears

    September 10, 2026

    In December 2009, ratings agency Fitch downgraded Greek sovereign debt from A- to BBB+ following a dramatic few weeks in which the state of the country’s public finances were laid bare. By February, riot police in Athens were firing stun grenades and tear gas as they struggled to maintain public order. What followed was years [...]

  • Businesses urge Healey to reduce cost pressures in pre-Budget campaigns

    September 10, 2026

    The bosses of Britain’s largest industry groups have urged Chancellor John Healey to reduce the cost of business in order to boost growth across the UK economy, City AM has been informed.  Several business chiefs sent letters to the Treasury on Wednesday night with demands for the government to relieve pressures on employers.  Correspondence landing [...]

  • Met Police investigates Reform UK over potential breach of electoral law

    September 9, 2026

    The Metropolitan Police has launched a formal criminal investigation into Reform UK over potentially illegal foreign donations after top party officials were filmed facilitating the acceptance of payments via a middle man.  Detectives will look into the party’s funding following the undercover sting operation by Channel 4 News.   The police were called to act by [...]

  • Burnham insists defence uplift ‘can’t come at expense’ of welfare

    September 9, 2026

    Andy Burnham has said an uplift in defence spending will not come “at the expense” of benefits.  During Prime Minister’s Questions, Burnham said “national security can’t come at the expense of social security” in response to attacks from Tory leader Kemi Badenoch over the absence of plans to get defence spending up to three per [...]

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