By: Ali Lyon

Ali Lyon is the chief reporter at City AM, responsible for covering the full gamut of business, finance and wealth news. He has been at City AM full-time since July 2024. Get in touch with tips via email: ali.lyon@cityam.com. Follow Ali on X: @alilyon_94

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Record number of farms shut after inheritance tax grab

July 25, 2025

A record number of farms closed in the year after the government announced it was ending a carve out that allowed farmers to pass down their estates without paying inheritance tax. According to official data, 6,365 agriculture, forestry and fishing businesses have shuttered over the past year, the highest number since the data started being [...]
UK and India sign £6bn trade deal

July 24, 2025

Keir Starmer and his Indian counterpart Narendra Modi have signed a trade deal worth an estimated £6bn, with the UK Prime Minister hailing the landmark agreement a “historic day” for Britain and India. The trade pact – the result of over three years of negotiations – will see tariffs on the whisky and cars that [...]
FTSE 100 hits all-time high as trade deal hopes lift global markets

July 23, 2025

The FTSE 100 closed at another all-time high on Wednesday on hopes the United States’ trade deal with Japan would spark a flurry of similar pacts between the Trump administration and America’s largest trading partners. London’s blue-chip index closed up 0.5 per cent to hit a record high of 9080 points, in the latest and [...]
Goldman Sachs boss: London finance lead ‘fragile’

July 23, 2025

London’s position as a global financial centre is at risk from years of anti-business policies that are pushing talent and capital abroad, the boss of Goldman Sachs has warned. David Solomon highlighted a damaging combination of Brexit, the UK’s tax burden, constrictive regulation, and the recent decision to abolish the non-dom regime have all harmed [...]
Costly departures: Why an exit tax looks more likely than a wealth tax

July 22, 2025

Tax experts have been queuing up to warn that a blanket tax on wealth is both unlikely and unfeasible. But as ministers insist the government will avoid tax hikes targeting average earners, could it turn to an exit tax to plug the gap? As reams of impressed tourists shuffled their way through the opulent surroundings [...]
Government consultants pledge under threat as spending jumps

July 22, 2025

Government spending on management consultants rose by over £150m during Labour’s first year in office, despite the party’s manifesto pledge to halve the amount departments dish out to third party advisers, City AM can reveal. Total spending on management consultancy contracts totalled £1.44bn during the first 12 months of the government’s four-year term, up from [...]
Non-dom tax take jumped to £12bn before Labour crackdown

July 17, 2025

The overall tax take from wealthy foreigners who once claimed the now obsolete non-dom status rose to £12bn the year before Labour and the Conservatives announced their respective crackdowns against the regime. Data from HMRC released on Thursday showed the amount of capital gains tax, income tax and national insurance contributions paid by the cohort [...]
Dubai first-time buyer scheme hopes to lure Brits, and keep them

July 17, 2025

A new first-time buyer scheme in Dubai will keep expats in the country for longer and is likely to help lure even more ambitious Brits priced out of the property UK market to the gulf state, property experts in the Emirate have said. The city state’s Land Department unveiled its first formal programme to help [...]
FCA boss sounds alarm on financial warfare and debt levels

July 16, 2025

Rising sovereign debt and the growing risk of an attack on Britain’s financial infrastructure are the two biggest threats to UK markets, the boss of the Financial Conduct Authority (FCA) has warned, as he issued a clarion call for more data on the trading of government bonds. Nikhil Rathi told peers that the danger to [...]
Growth mandate won’t harm consumers, says competition watchdog

July 16, 2025

The boss of the UK’s competition watchdog has insisted there is no additional risk of consumer harm from the government’s bid to put regulators on a growth footing, despite her former chair being ousted for not buying into the push. Competition and Markets Authority (CMA) boss Sarah Cardell said she saw “no tension” between her [...]

Europe has made a ‘major mistake’ on slow electrification, IEA chief warns

Will the Nations Championship financially underdeliver for in-need Fiji?

I was on the Goodyear blimp above London – here’s what it was like

By: Ali Lyon

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