Andy Burnham to ‘go further’ in business rates reform August 12, 2026 Andy Burnham said he would “go further” in introducing business rates reform after already announcing that property taxes would be cut for pubs in return for higher levies on vape shops. The Prime Minister said he will look to bring in more radical changes to the business rates system as part of efforts to ease [...]
As it happened: FTSE 100 falls as Iran and US clash over Strait of Hormuz; Oil stockpiles ‘rapidly depleting’ August 12, 2026 Welcome back to City AM liveblog. Oil prices broke above $89 per barrel on Wednesday morning, notching the sixth consecutive sessions amid mixed signals around a potential deal between the US and Iran. The regime in Iran has said that the United States must end the war before they loosen their grip on the Strait of [...]
The City is awash with talk of an early general election August 12, 2026 Every month since January 2025 we’ve run a nationwide survey of UK voters, with our polling partners Freshwater Strategy. The latest set of results, our 20th survey of voters’ attitudes, landed on Monday and I’ve been going through the data. Here’s an interesting development: For 19 consecutive months we’ve asked voters whether they felt the [...]
Energy discount scheme for homes near new pylons branded ‘bribe’ by Reform August 12, 2026 Households around north London and a series of other places where new pylons are being built will receive electricity bill discounts from next year in a scheme branded as a “bribe” by Reform UK. Families living in more than 40 locations across Britain — mostly in Scotland — will receive biannual cash discounts on bills. [...]
Can John Healey deliver Burnham’s make-or-break devolution agenda? August 11, 2026 Devolution is Andy Burnham’s preferred growth lever. Maurício Alencar explores how devolution under Chancellor John Healey could save Britain – or destroy it. In 1998, two of the closest aides of then-chancellor Gordon Brown produced a report into the regional economic divide in Britain. The report, called ‘Towards a new regional policy: Delivering growth and [...]
Burnham should go on a ‘cost of doing business’ tour August 11, 2026 An alarming note from one of the City’s top economists warns that October’s Budget could see taxes rise by almost the same amount as they did last year when Rachel Reeves cooked up £26bn worth of fresh hikes. Ruth Gregory, Deputy Chief UK Economist at Capital Economics, suggests that higher taxes “perhaps worth up to [...]
Going on holiday as Prime Minister comes at a cost August 11, 2026 Prime Ministers too deserve a holiday, just maybe not while your party's still fighting for survival, writes Michael Martins.
‘Cost of business crisis’ as government drives up overheads by 70 per cent in a decade August 11, 2026 British companies are facing a “cost of business crisis” as a string of controversial government policies have pushed up an average firm’s expenses by 70 per cent in a decade, one of the country’s largest industry bodies has found. A typical-mid-sized firm is now paying roughly £827,000 more a year than they were in 2016 [...]
Top economists shun Burnham over wealth taxes August 10, 2026 Economic heavyweights who were reported to be advising Andy Burnham have opted not to join his government due to disagreements over potential wealth taxes, it has been reported. Lord Jim O’Neill, the former Goldman Sachs executive, is in ongoing talks with Burnham over a potential role, City AM reported last week. Fresh reports have suggested [...]
Burnham bounce: PM gets popularity boost – at Farage’s expense August 10, 2026 Andy Burnham scored a sharp boost in popularity ratings in July just as Nigel Farage’s ratings cratered, new polling has found. The latest City AM/Freshwater Strategy poll of UK voters has shown that Burnham’s approval ratings jumped by 12 points in July from a net score of zero, making him the most positively received figure [...]