Autumn Budget 2026: What does the bond market want from Healey? October 23, 2026 John Healey is not expected to rock the boat in his maiden Budget next week. Looking at the combustible bond market, that’s probably just as well, writes Ali Lyon. John Healey is, the well-worn cliche goes, walking a tightrope. Boxed in from three directions, the Chancellor could certainly have hoped for an easier backdrop in [...]
Why a ‘do no harm’ Budget isn’t good enough October 21, 2026 Labour market statistics can be pretty dry. Inactivity rates, nominal regular earnings growth, payroll numbers and claimant counts tend not, at first glance, to fire up the imagination. The data dumps are hoovered up by economists and analysts, not least as a guide to future Bank of England interest rate decisions or as a barometer [...]
OBR expected to sound alarm on Healey’s spending pressures October 21, 2026 Britain’s fiscal watchdog is likely to sound the alarm on the spending pressures facing the government when it lays out its analysis of the Budget next week, economists have predicted, in what would be a significant move signalling the scale of the challenges facing the Chancellor. Analysts have said the Office for Budget Responsibility could [...]
‘Own goal’ – City chiefs warn Healey higher bank taxes hurt jobs outside London October 21, 2026 Top City chiefs are launching last-ditch attempts to stop a punishing tax raid on banks at the Budget, warning the move will hurt jobs and growth outside of London. Rain Newton-Smith, the chief executive of the CBI, is set to warn Chancellor John Healey that increasing taxes on banks would be an “own goal for [...]
Cautious trustees ‘tie the hands’ of pension schemes and hold back growth investment, industry boss says October 21, 2026 Workplace pension trustees fixating on low-cost fees “tie the hands of schemes” and make it difficult for them to invest in high-growth companies, the pension trade body has said, after the government’s push to get pension money flowing into equities showed minimal progress. Zoe Alexander, chief policy officer at trade body Pensions UK, said the [...]
Cornish Metals kickstarts share sale to reopen historic tin mine October 20, 2026 A Cornish mining company is seeking to raise £135m in an attempt to finance the reopening of the historic South Crofty tin mine and end the UK’s reliance on foreign imports. Cornish Metals, which is backed by the National Wealth fund, is selling shares to major institutional and strategic investors, as well as UK retail [...]
Why Healey will miss a £25bn bonus from better productivity October 20, 2026 The UK economy’s productivity picture has radically changed in the last year. Maurício Alencar considers what this could mean for John Healey. For weeks leading up to last year’s Budget, reports dripping from so-called Treasury sources insisted it was not Rachel Reeves’ fault that tax hikes worth billions of pounds were on the horizon. The [...]
Goldman Sachs to host Badenoch for City charm offensive October 19, 2026 Kemi Badenoch will step up her business charm offensive after the Budget with a roundtable hosted by Wall Street giant Goldman Sachs, City AM can reveal. The Tory leader will co-host a lunch for founders, investors and chief executives from across the UK alongside Goldman Sachs International’s chief executive, Anthony Gutman, City AM understands. The [...]
Higher taxes will ‘kick UK fintech when it is down’, Healey warned October 19, 2026 Venture capital investors have warned that higher taxes on financial services would have trickle-down effects and “clip the wings” of Britain’s already capital-starved fintech sector. Start-up investors that fund the UK’s financial technology industry told City AM the sector’s struggles to access cash would be amplified by a tax hike on top banks and increases [...]
Midday Markets: The one tax you could bank on October 16, 2026 The Midday Market report is a new newsletter from City AM, giving you fresh analysis on the biggest stories in the City straight into your inbox every lunchtime. Today, Ali Lyon, chews over the government’s plans for a windfall tax on banks. Sign up to the City AM News Updates newsletter here. It was, in [...]