Citi boss fires warning at government over banking tax August 5, 2026 The boss of Citigroup has warned the government that “money votes with its feet” and there are “very viable” alternatives to London should Andy Burnham decide to hit the banking sector with higher taxes. Dame Jane Fraser, a Scot credited with turning around the third largest bank in the US, said she was “concerned” at [...]
Watch out, Burnham August 5, 2026 Looking for an insight into the kind of person Andy Burnham really is? You could do a lot worse than checking his wrist, says Andy Blackmore. If you think it’s been a long time since we had a hip PM, think no longer, for the new inhabitant of No10 wears his credentials on his wrist. [...]
David Brent was supposed to be a satire, now he looks like a model for political leaders August 5, 2026 Attention-seeking, self-absorbed and desperate to be liked, David Brent was meant to embody everything a leader should not be – but today’s media landscape rewards the very qualities Ricky Gervais satirised, says Tim Focas A Tiktok clip has gone viral for comparing Andy Burnham to David Brent. His cheesy mannerisms, dad dancing and guitar playing [...]
What Burnham could learn from BP’s pragmatism August 5, 2026 In 2020, BP unveiled a “major, necessary step in support of our purpose to reimagine energy for people and our planet.” The new strategy – “performing while transforming” – would see the firm “significantly scale-up our low carbon energy business” as part of a commitment “to become a net zero company by 2050 or sooner [...]
Where are Andy Burnham’s economic advisers? August 5, 2026 Andy Burnham’s allies boasted that highly-regarded economists had been lured as advisers. Mauricio Alencar and Ali Lyon report on the non-appointments of some of Britain’s best economists – and what the Prime Minister and Chancellor’s new teams look like. In the end, all it took was a few rumours. In the weeks leading up to [...]
Big bank bosses on alert as tax noise gets louder under Burnham August 5, 2026 Banks have delivered booming profits for the first half of the year. In this week’s column Samuel Norman takes a look at how the calls for a tax rise on the sector will get louder under the new Prime Minister. “The saxophones are getting louder” is the internet’s new saying to depict growing anxiety. If you [...]
As it happened: Oil prices tumble as Bessent says US-Iran deal imminent; miner stocks rally August 4, 2026 Welcome back to the City AM FTSE 100 liveblog. The price of oil tumbled on Tuesday afternoon after a senior Trump ally said that a deal over control of the Strait of Hormuz could be agreed with Iran in the coming days. The price of Brent crude – the international benchmark for oil – tumbled [...]
Susannah Streeter: investors are bracing for tax rises August 4, 2026 The Notebook, where the City’s movers and shakers have their say. Today financial commentator Susannah Streeter takes the pen Usually, at this time of year we would be enjoying Médoc’s beautiful beaches, looking forward to long lunches, endless stretches of Atlantic coastline and enjoying the region’s famous wine as the sun sets. But the devastating [...]
What are we to make of John Healey? Time will tell. August 4, 2026 Who exactly is in charge of this government’s economic policy? In a bid to find out, I’ve tasked two of our journalists to hit the phones, mooch around the bars of Whitehall and track down Westminster’s new power brokers. I’ll let you know what we find out, but he fact that the answer to this [...]
UK founders cast doubt on Burnham’s pro-business push August 4, 2026 The majority of Britain’s top scale-up founders believe business conditions will not improve under Andy Burnham as just one in 20 entrepreneurs feel the new PM backs the private sector. New research by Helm, a membership group of over 400 scale-up founders, suggested that a substantial number of its members were pessimistic about Burnham’s premiership. [...]