Tories to warn Burnham on ‘bending to left’ on bank tax raid Banking Kemi Badenoch is expected to fire a bank tax warning shot to the Labour government on Thursday during a visit to Edinburgh. The Conservatives will warn Andy Burnham against “bending the knee to left-wing backbenchers and trade union paymasters,” as the pre-Budget debate heats up. It follows the banking sector swinging into defence mode ahead [...]
One pub shuts every day as Burnham tax cuts ‘not enough’ Hospitality A pub is set to have closed its doors every day this year, as hospitality leaders say Andy Burnham’s tax cuts for hospitality have not gone far enough. About 360 pubs are expected to have called last orders in the whole of 2026, with 295 watering holes having shut for good so far this year, [...]
Retail bosses ramp up pressure on Healey to cut ‘ridiculous’ tax burden Retail The bosses of Marks & Spencer and John Lewis have piled further pressure on the government to slash the “ridiculous” tax burden facing high street firms. Stuart Machin, chief executive of M&S, called on Chancellor John Healey to “restore hope” within the retail industry by turning a corner from Labour’s last two budgets, which he [...]
Burnham on Brexit: ‘Customs union, single market – or we could go all the way’ September 30, 2026 Andy Burnham has confirmed he is open to reversing Brexit and could push for Britain to rejoin the European Union after the next election, as he said all options are “on the table” for Britain’s future relationship with the bloc. The Prime Minister said on Wednesday Morning: “There are clearly options that need to be [...]
As it happened: FTSE 100 gives up gains as oil rises despite emergency release; UK GDP revised September 30, 2026 Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more
Burnham opens door to rejoining EU as he rips into Brexit September 29, 2026 Andy Burnham said the forthcoming UK-EU summit will forge closer ties with the European bloc as he left the door open to a pledge to rejoin at the next election. The Prime Minister used his Labour party conference speech to tear into Brexit, claiming Britain had lost control of key areas such as immigration. He [...]
A National Social Care Service would be a total disaster September 29, 2026 Even if we generously assume that a National Care Service would not lead to efficiency losses, crude rationing of care services, and an explosion in waiting times, it would still be a bad idea, because it would lead to the politicisation of key decisions in the sector, says Kristian Niemietz Britain spends about 2.6 per [...]
Burnham to announce new publicly-owned grid operator September 29, 2026 Andy Burnham is expected to announce a new publicly-owned body which will invest in the UK’s electricity grid in an attempt to bring down Britain’s sky-high energy costs. The Prime Minister is tipped to unveil Great British Grid, which will speed up connections to the grid by driving up competition for projects, during his Labour [...]
‘Last days of the honeymoon’: Anxious bosses prepare charm offensive at Labour conference September 25, 2026 Ahead of the Labour Party Conference on Sunday, and one month away from the Budget, businesses are feeling nervous, write Mauricio Alencar and Felix Armstrong Stepping onto an early-morning Avanti West Coast train from London Euston is now a familiar feeling for the Prime Minister. Andy Burnham is set to make the journey more regularly [...]
As it happened: US stocks make gains ahead of Trump-Xi summit September 21, 2026 Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index made gains on Monday morning, turning a corner from heavy losses on Friday. Miners and industrial stocks like Anglo American, Antofagasta and Metlen Energy and Metals were among the FTSE 100’s biggest risers on Monday morning. BP and Shell dragged on the index, [...]