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      Healey rules out expanding mansion tax to £1.5m homes

      The roof of a parked automobile reflects a row of residential properties in the Battersea area of London, Photographer: Jason Alden/Bloomberg via Getty Images

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      Manchester City owners must get messaging right or risk own fans turning against them

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Labour Party

  • Labour sheds union member support to Reform, poll shows

    June 1, 2026

    Trade union members are split between supporting Labour and Reform UK, a poll has found, reflecting the breakdown of Britain’s traditional voting patterns. A poll by JL Partners has suggested that support for the two parties from union members is tied at 28 per cent, with Labour dropping 20 percentage points in support since the [...]

  • Milburn NEET review: Anger crackles from the page but will Labour act?

    June 1, 2026

    Alan Milburn's review into Britain's economically inactive youth (or NEETs) makes for extraordinary reading, but will the government act?

  • NATO military chief presses UK to accelerate defence pledges

    May 31, 2026

    Nato’s military chief has urged Britain and other allies to speed up the delivery of their defence pledges.  Admiral Giuseppe Cavo Dragone, Nato’s military committee chair, said he is “frustrated” by the UK and its allies’ commitments to spend on defence which he said do not stand if there is no equipment to show for [...]

  • ‘Defining moment’: UK’s largest train operator enters public ownership

    May 31, 2026

    Ministers have hailed the nationalisation of the of the largest train franchise as a ‘defining moment’ as the government pushes forward with nationalising the railway. Transport secretary Heidi Alexander hailed the nationalisation of Govia Thameslink Railway (GTR), with its services accounting for one in six train journeys in the UK. Its four brands, Southern, Thameslink, [...]

  • Easyjet attracts takeover interest from US private credit firm

    May 30, 2026

    Budget airline carrier Easyjet has drawn takeover interest from private credit firm Castlelake, which could make the airline the latest UK-listed company to be snatched off the stock market. Castlelake said it was in the “early stages of considering a possible offer” for Easyjet on Friday, but was yet to approach the company’s board. The [...]

  • Burnham would end asylum hotel contracts if he was PM, allies say

    May 30, 2026

    Andy Burnham would end the multibillion-pound asylum accommodation contracts if he became prime minister, according to allies of the Labour leadership hopeful. Since March, the Home Office has had the opportunity to trigger a break clause in the ten-year contracts it signed with three private companies which are responsible for sourcing accommodation. The clause allows [...]

  • Reeves’ savings package to have minimal impact on inflation rise

    May 29, 2026

    A discount campaign launched by Chancellor Rachel Reeves will “shave off” an expected rise in inflation, analysis has suggested, as economists have raised concern over Britons’ inflation expectations.  Reeves’ move to delay a hike in fuel duty beyond September and offer VAT relief for businesses giving families reduced prices could strip 0.2 percentage points off [...]

  • Burnham hits back at Blair with more state control for ‘good growth’

    May 29, 2026

    Andy Burnham has called for stronger state intervention in the economy to deliver what he calls “good growth,” lashing back at Tony Blair’s blueprint for Labour’s future direction. The Greater Manchester mayor conceded areas of agreement with the three-time election winner — notably on the importance of economic growth— but accused Blair of a “gaping [...]

  • Top banks urge Rachel Reeves to expand small business lending scheme

    May 29, 2026

    Top UK banks are lobbying Rachel Reeves to beef up the government’s small business lending scheme in a bid to unlock more capital to be lent to firms. A letter penned by UK Finance – the banking industry body that represents the likes of Barclays, Lloyds and Natwest – has called for the Chancellor to [...]

  • As it happened: Stocks rise on Iran peace hopes; Asda and Ocado deal

    May 29, 2026

    Good morning and welcome back to the City AM liveblog. After investors kicked into sell-off mode on Thursday amidst spiking tensions as the US and Iran exchanged strikes, attention is quickly turning back to hopes of a peace deal this morning. US and Iranian negotiators are reported to have reached an agreement on a 60-day [...]

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