Number 10 launches aviation charm offensive after Burnham third runway remarks October 10, 2026 Andy Burnham’s Downing Street operation has been privately reassuring members of the aviation sector of its support for Heathrow’s third runway expansion, despite the Prime Minister refusing to give the megaproject his backing in a string of media appearances over Labour party conference. City AM understands that Number 10 has been trying to patch up [...]
Palantir’s Tom Watson warns Labour against ‘mob rule’ on procurement October 9, 2026 Former Labour deputy leader and top Palantir executive Tom Watson has warned his party could face “trouble” if they bow to “mob rule” on procurement procedures. Lord Watson, who became a senior vice president at the US tech giant in September, said Palantir is “very targeted by the people that are targeting Israeli companies”. Watson [...]
City chiefs warn Healey bank tax hike could drive businesses out of UK October 9, 2026 Top finance industry chiefs have warned the Chancellor that hiking taxes on the banking sector in the forthcoming Budget could drive businesses and capital out of the UK. Bosses of the City’s biggest industry bodies – including UK Finance, TheCityUK and the CBI – have written to John Healey calling for him to avoid raising [...]
Healey is chasing away City professionals for very short-term gains October 9, 2026 Retaining the individuals who fund business expansion should be considered a national priority, but Healey looks more likely to drive them away.
Revolut boss says US primary listing was ‘always the target’ October 9, 2026 The boss of Revolut has said a primary listing in New York was “always” the company’s top goal, in a snub to the London Stock Exchange after a years-long charm offensive. Nik Storonsky, the founder and chief executive of Revolut, said a primary listing in the US was “always the target, given the deep liquidity [...]
Burnham to clamp down on ‘unfair’ non-compete clauses October 9, 2026 Andy Burnham is expected to launch a crackdown on lengthy notice periods and non-compete clauses in employment contracts in a bid to free up the jobs market for highly skilled workers. In a speech later today, the Prime Minister will announce plans to tackle a proliferation of strict employment conditions, which force staff to give [...]
As it happened: FTSE 100 rallies as oil falls back after Trump’s Iran war pledge October 9, 2026 Welcome back to the City AM liveblog. Donald Trump has said the US has engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections, bringing relief to the oil market. It’s taken the price of Brent crude back slightly, though it has remained around $103 per barrel after [...]
How to prevent the next Asos? Give businesses cybersecurity tax relief October 9, 2026 With Asos just the latest to be the victim of a cyber hack, it's time for the UK to start incentivising businesses to up their security.
Bailey: Governments must help control inflation too October 8, 2026 Bank of England governor Andrew Bailey has said that governments should look to help keep prices stable and win over markets with disinflationary tax and spending measures. In an intervention on the relationship between monetary and fiscal policy, Bailey urged governments to consider the impacts of government spending and borrowing on inflation. The Bank of [...]
Badenoch’s inheritance tax gamble October 8, 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 Kemi Badenoch’s Tory conference inheritance tax overhaul, and what it might mean for the UK’s irrational tax system. Sign up to the [...]