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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Housebuilders on hook for mansion tax if they fail to sell property after a year

May 20, 2026

Property developers will be forced to pay the Labour’s new mansion tax if they take more than a year to offload newly built luxury homes, raising fresh fears that housebuilders will be further disincentivised from building homes in the capital. As part of plans included in a Treasury consultation document, housing developers will be liable [...]
Bank of England’s Breeden: Digital gilt will bring down borrowing costs

May 20, 2026

The Bank of England’s plans to help launch a digital gilt will make Britain’s sovereign debt more appealing to a wider pool of investors and help bring down government borrowing costs, its deputy governor has said. Speaking to City AM at the City Week conference, Sarah Breeden hailed the central bank’s efforts to help the [...]
‘Lost for words’ – Treasury sparks uproar with push to cap supermarket food prices

May 19, 2026

The Treasury is putting pressure on supermarkets to cap prices on staple groceries as a quid pro quo for axing taxes and red tape amid fears the Iran war is set to unleash a painful bout of food inflation. According to leaked negotiations between major retailers and the government, the Chancellor’s officials have been pushing [...]
‘Obscene’ – HS2 on track to cost at least £102bn as minister slams ‘gold-plated folly’

May 19, 2026

HS2 is now poised to cost the taxpayer as much as £102bn and will not run from Euston until at least 2040, according to the transport secretary who blasted the project as a “massively over-specced folly”. Heidi Alexander said the cost of the ill-fated train line was now on course to nearly double from the [...]
Hotel tycoon Arora launches revamped Heathrow runway proposal

May 18, 2026

The hotel tycoon behind a rival bid to build Heathrow’s third runway has tabled a fresh proposal backed by British Airways and Virgin Atlantic that would build the mega-project in two distinct stages in an effort to keep a lid on costs. Surinder Arora, the billionaire hospitality magnate behind a campaign to reshape Heathrow’s regulatory [...]
City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms

May 15, 2026

A group of City grandees has sounded the alarm on the wave of foreign firms picking off rivals from London’s stock market, after a flurry of unsolicited offers took the combined value of UK companies poised to leave Britain’s ailing bourse to £43bn. Some 22 listed companies have already accepted or received bids that would [...]
Watchdog rules Heathrow third runway could be built by rival bidder

May 15, 2026

Heathrow will lose its decades-old monopoly over building and operating new projects at the airport under new proposals tabled by the aviation watchdog, paving the way for a rival operator to build the third runway and new terminal. As part of a review of the airport’s red tape conducted by the Civil Aviation Authority, the [...]
Rich List reveals scale of wealth exodus from Britain

May 15, 2026

Revolut chief executive Nik Storonsky and quant house luminary Alex Gerko have both featured in the top 10 of The Sunday Times Rich List for the first time, in a year its author warned laid bare the scale of Britain’s wealth exodus. As many as one in six of the individuals and families who appeared [...]
Industry chief calls on government to water down steel tariff plans

May 14, 2026

Government plans to double tariffs on steel imports pose an enormous threat to Britain’s already ailing manufacturing industry, pushing up costs at a time when many are already in the jaws of an inflationary energy shock, Britain’s largest industry body has warned. In a letter seen by City AM, British Chambers of Commerce (BCC) boss [...]
Time to Aim higher: ‘No visible effect’ of flagship pensions overhaul a year on, industry chief warns

May 14, 2026

Britain’s embattled small-cap companies have not yet felt any positive impact from the Mansion House Accord, the boss of an influential industry body has warned, a year on from the UK’s largest pension providers agreeing to plough more cash into unlisted and private assets. In a letter sent to all 17 of the pact’s signatories, [...]

UK’s biggest pub firm probed over treatment of tenants

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By: Ali Lyon

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