London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
As it happened: Choppy day for FTSE 100 after Iran closes Strait of Hormuz as strikes ramp up July 13, 2026 Welcome back to the City AM liveblog. Markets are returning from the weekend to face another geopolitical shock after Iran confirmed it had closed the Strait of Hormuz once more. The narrow waterway that connects the Persian Gulf with the Gulf of Oman and the Arabian Sea had slowly seen a pick up in traffic [...]
Businesses slam brakes on hiring over Burnham uncertainty July 13, 2026 The UK’s lofty tax bill and concerns surrounding the direction of an Andy Burnham premiership have led to a subdued jobs market, new research suggests, as employers pause hiring whilst they wait for further clarity on the likely incoming Prime Minister’s tax policies. Available jobs in London slumped five per cent in the second quarter [...]
Reeves: Burnham will face ‘shocks and challenges’ as Prime Minister July 12, 2026 Rachel Reeves has warned Andy Burnham that he will face “shocks and challenges” as he takes the reins as Prime Minister and will need a “worked through plan” to govern. The Chancellor said that the incoming Prime Minister “needs to stay laser-focused on those things that have always motivated him” as he enters Downing Street [...]
Sadiq Khan lobbies Burnham to appoint Miliband as Chancellor July 11, 2026 London mayor Sadiq Khan has weighed into the debate over who should be the next chancellor, lobbying Andy Burnham to select Ed Miliband for the job. In a private discussion with Burnham, Khan argued that Miliband had both the political skills and economic expertise to deliver Burnham’s agenda, including devolving powers to city regions, people [...]
Burnham’s cheerfulness could turn the economy around July 9, 2026 Confidence is an elusive but essential determinant of the course of the economy ignored by Reeves' doomsterism. Burnham could change that.
Rolls-Royce shares rise as Burnham pledges investment in British defence July 9, 2026 Shares in London-listed defence firms including Rolls-Royce and Babcock rose on Thursday morning after Prime Minister-to-be Andy Burnham pledged to drive investment into Britain’s defence industry. The Makerfield MP said strengthening Britain’s defence will be his “first priority” if he enters Number 10 – as he is expected to later this month – but insisted [...]
London doesn’t need more social housing, it needs more housing full stop July 9, 2026 Andy Burnham’s plan for a huge social housebuilding programme will be expensive and won’t solve the root cause of the housing crisis: we just haven’t built enough houses, says Emma Revell Andy Burnham isn’t letting a little thing like constitutional reality get in the way of starting his premiership with some big announcements. The de [...]
If Burnham wants growth he’ll have to save the City July 9, 2026 Quite the roll call: Beazley, Tate & Lyle, Intertek, Schroders, easyjet. Companies abandon their public listing for their own reasons but the cumulative impact cannot be ignored and, given the dearth of any substantial new entrants, it cannot be dismissed as the healthy churn of dynamic capital markets. Far from it. A typically punchy note [...]
Treasury minister: Meeting Nato defence pledge is Burnham’s job July 9, 2026 The Treasury has not evaluated how the government could reach its pledge to spend 3.5 per cent of gross domestic product on defence by 2035, according to a cabinet minister, who said it was a job for the “next government” to carry out. Speaking to a parliamentary committee, chief secretary to the Treasury Lucy Rigby [...]
‘One-two punch’ – Families face huge capital gains death tax under Burnham July 9, 2026 Bereaved families could face a huge tax bill under an Andy Burnham premiership if the likely next Prime Minister presses ahead with a policy to hike capital gains tax on assets of the deceased. Supporters of Burnham, including the former health secretary Wes Streeting and ex-transport minister Louise Haigh, have said previously they believe wealth [...]