Housebuilder hits a wall: How did Vistry become the UK’s most shorted stock? July 24, 2026 Vistry, the “nation’s favourite housebuilder,” has become the UK’s most shorted stock. From a shift to a bold new model to hopes that it can fuel Burnham’s housing vision, Felix Armstrong unpicks the firm’s recent history Back in 2024, Vistry boss Greg Fitzgerald was brimming with optimism. The housebuilder’s ambitious switch from a private market [...]
A beginner’s guide to appeasing the bond market – and why it matters July 24, 2026 Britain’s enormous debt pile means the bond market now has the power to decide the fate of a government. Ali Lyon spoke to gilt investors to see how our new Chancellor can keep them happy. When John Healey was last in the Treasury, the world was a very different place. Britain’s economy was growing at [...]
Burnham accused of gutting tech department’s ‘biggest strength’ July 23, 2026 Andy Burnham’s decision to abolish the Department for Science, Innovation and Technology (DSIT) will split up the teams it was created to bring together, according to its former top civil servant. A leaked internal government document shows AI, digital and science responsibilities being divided between three departments as ministers begin dismantling DSIT less than three [...]
Healey: Squeezed businesses also need ‘breathing space’ July 23, 2026 Chancellor John Healey has said he is “just as concerned” by costs facing businesses as those facing households, adding that bosses also required “breathing space” to manage burdens from energy, labour and supply chains. Echoing Andy Burnham’s pledge to provide “breathing space” on the cost of living, Healey said he would aim to ease cost [...]
‘Businesses are not cash machines’ – Badenoch calls on Burnham to rule out tax rises July 23, 2026 Kemi Badenoch has called on Andy Burnham to rule out tax rises as the new Prime Minister has made a series of small unfunded promises. The Tory leader said Burnham seemed “like a nice guy” and had a “sense of humour” yet she ridiculed the Prime Minister’s early flurry of policies. In her speech overlooking [...]
The Rest Is… for the Treasury: Gary Lineker backs wealth tax for rich July 23, 2026 Gary Lineker has urged Prime Minister Andy Burnham to introduce a wealth tax on himself and other millionaires. The former England football player, synonymous with crisps, is one of over 100 millionaires to sign an open letter to No 10 calling for a 2 per cent tax hike on people with assets worth at least [...]
‘Ever-widening gap’: Wetherspoon boss Tim Martin urges Burnham to cut more pub taxes July 23, 2026 JD Wetherspoon boss Tim Martin has called on the Prime Minister to go further to reduce the soaring tax burden faced by pubs. The chairman of the UK’s best-known pub chain said Burnham’s decision to slash business rates for pubs is an “implicit recognition that the hospitality sector is over taxed”. The Prime Minister announced [...]
Burnham to cut pub business rates by 20 per cent July 23, 2026 Andy Burnham has unveiled a 20 per cent cut to business rates for pubs, clubs and music venues. The £100m commitment will be funded by cracking down on businesses, like vape shops and tax-avoidant online sellers, which “do not make a positive contribution to local communities,” the government said. The measure comes as part of [...]
As it happened: Stocks slip as oil hits $100 following Houthi attacks on tankers July 23, 2026 Welcome back to the City AM FTSE 100 liveblog. Stocks slipped on Thursday morning as oil surged back to $100 per barrel for the first time since May. Brent crude barrelled up after the Iran-backed Houthis claimed to have attacked two Saudi Arabian oil tankers in the Red Sea. The US last night launched its [...]
Andy Burnham should show London he cares by funding this one transport project July 23, 2026 The ascendancy of the ‘King of the North’ has spooked London. James Ford outlines that this can easily be fixed by greenlighting the West London Orbital Railway London is anxious. The new Prime Minister is not just something of an unknown quantity, but – worse still – he is (whisper it quietly) Northern. Now, we’ve [...]