By: Ali Lyon

chief reporter 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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Tax rises ‘guaranteed’ as Healey faces £22bn black hole from Burnham spending plans

July 22, 2026

Chancellor John Healey will be forced to launch another round of major tax rises in the autumn, leading economists have warned, after a City AM analysis found £22bn of spending pledges are not accounted for in official forecasts. Less than 24 hours after becoming Prime Minister, Andy Burnham has already announced plans to end rough [...]
Four charts revealing scale of Andy Burnham’s economic challenge

July 21, 2026

Andy Burnham has harboured ambitions to be Prime Minister for over a decade. But the economy he is inheriting will take the shine off his lofty hopes – just look at these four charts. As he stepped out onto Downing Street for the first time as Prime Minster, Andy Burnham allowed himself to break out [...]
Borrowing costs jump after Burnham ‘fiscal flexibility’ remarks

July 20, 2026

The government’s borrowing costs climbed sharply on Monday afternoon after Andy Burnham said he planned to juice government borrowing by taking advantage of “flexibility” in the current fiscal rules. The new Prime Minister told reporters that his administration would use all potential room within the self-imposed spending straitjacket, which he had promised not to loosen [...]
Burnham promises to ‘build new economy’

July 20, 2026

Andy Burnham has said he will “build a new economy” during his tenure as Prime Minister, promising a raft of measures to help households with the cost of living will be announced as soon as tomorrow. Speaking on the steps of Downing Street, the new Labour leader said his government would put “life’s essentials back [...]
Burnham: I’ll be a pro-business Prime Minister

July 17, 2026

Andy Burnham has vowed to be a pro-business Prime Minister who will reindustrialise Britain and support the country’s small businesses. Speaking after he was crowned Labour leader on Friday, the former Manchester mayor railed against “four decades of neoliberalism” which he said had seen political power concentrated in Westminster while “economic power was privatised”. In [...]
Burberry revival gets a boost from China and US sales

July 17, 2026

Burberry has recorded a lift in sales across all its fashion lines for the first time in three years as a resurgence in the US and China helped ease a slowdown in spending brought on by the Iran war. The London-listed fashion label posted a five per cent rise in overall revenue in the three [...]
IMF warns Bank of England against cutting interest rates

July 17, 2026

The Bank of England must keep interest rates on hold for as long as risks from the Iran war persist, the International Monetary Fund has said. In its annual temperature check of Britain’s economic outlook, the fund warned rate setters to keep monetary policy “sufficiently restrictive” to avoid sparking a painful bout of inflation that [...]
Airlines clash over Heathrow regulation

July 16, 2026

Airlines have found themselves at loggerheads over the future of Heathrow, after one American carrier warned against the break-up of the owner’s monopoly even as others double down on calls for a new third runway operator. According to a freshly published consultation document from the Civil Aviation Authority, Delta Air Lines told regulators that a [...]
Government nationalises British Steel

July 16, 2026

The government has brought British Steel under state ownership after the steelmaker’s nationalisation passed a public interest test. The Prime Minister said the move “secured the future of British steelmaking”, and follows the introduction of fresh legislation that made it easier for ministers to forcefully nationalise steel companies. Scunthorpe-based British Steel has appointed a revamped [...]
Burnham opens door to wealth tax

July 15, 2026

Andy Burnham has refused to rule out a wealth tax as part of his economic agenda, saying the country needs a “greater sense of fairness”. In his first formal interview since being all but confirmed as the next Prime Minister, the former Manchester mayor warned that decisions on tax were “going to be difficult” and [...]

London rakes in record fees from overseas demand for legal services

Rothschild aiding bid to take Formula 1 to South Africa

Apple unveils new 600 capacity music venue in London – see pictures

By: Ali Lyon

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