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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Finance chiefs warn Treasury against delaying crypto strategy

Crypto

Nearly a dozen industry bodies have warned the Chancellor not to delay plans to develop a central strategy on the regulation and adoption of cryptocurrencies and digital assets ahead of a pivotal vote in parliament. Bosses from the likes of Innovate Finance, The City UK and Tech UK urged John Healey to recommit to publishing [...]
Revealed: The luxury London pads getting Healey’s energy handout – while poorer areas miss out

Property

John Healey’s energy bills support package was meant to be targeted. But a City AM analysis has found homes worth millions are in line for a handout, while others in poorer areas will get nothing. John Healey’s maiden fiscal event was nothing if not targeted. Painful tax rises – be they on banks or gambling [...]
Burnham’s former economic adviser gives Budget a four out of 10

Earnings

One of Andy Burnham’s former economic advisers has given John Healey’s Budget a four out of 10, warning there remained a 50 per cent chance the UK economy will be in worse shape next year than it is now. Andy Haldane, who for years served as chief economist at the Bank of England, told the [...]

Crypto giant Binance hit by ‘largest hack in history’

October 30, 2026

The world’s largest cryptocurrency platform has been hit by one of the most severe hacks in history, affecting several billion dollars of digital assets and forcing it to freeze customer accounts. Binance said on Thursday that some $6.3bn (£4.7bn) had been impacted by the attack, half of which has been frozen but still in its [...]
Healey’s Budget prices in wave of fresh North Sea drilling

October 29, 2026

John Healey’s Budget has assumed the government will approve drilling projects that produce more than a billion barrels of oil and gas, meaning ministers will face a hole in the public finances if they fail to green-light new North Sea extraction. In its scorecard for the Chancellor’s maiden fiscal event, the Office for Budget Responsibility [...]
Budget 2026: Healey leans on private sector for defence investment drive

October 28, 2026

The Chancellor has set up a new defence financing taskforce and unveiled fresh funding for investment in the arms industry amid a concerted effort to lean on the private sector to drive Britain’s rearmament push. John Healey swerved any concrete public sector defence pledges at his maiden Budget, promising to provide detail on how the [...]
Budget 2026: Healey freezes fuel duty again

October 28, 2026

John Healey has frozen fuel duty for a 15th consecutive year and extended the Ukraine war 5p cut, as part of a raft of small measures aimed to shield households from the Middle East conflict. The Chancellor confirmed the levy on petrol and diesel would remain frozen at 53p a litre until July, saying: “For [...]
Budget 2026: Green levies stripped from energy bills

October 28, 2026

John Healey will scrap green levies from energy bills and shift environmental funding into the wider tax base to minimise the impact of the Iran war on UK households. The Chancellor said on Wednesday he would axe the surcharge applied to energy bills “for good”, in what represents major shift of the government’s environmental agenda. [...]
Firms forced to give staff ‘government approved’ advice on joining a union

October 28, 2026

Businesses will be forced to tell their staff how to join a union at least once a year under fresh plans drawn up by the government to boost participation in organised labour. The government has decided the rules, due to come into force at the start of next year, will apply to employers of all [...]
Government issues debt at highest interest rate since financial crisis on eve of Budget

October 27, 2026

The Debt Management Office has been forced to sell nearly £5bn of five-year gilts at their highest interest rate since 2008, underscoring the fiscal challenge facing John Healey on the eve of his maiden Budget. The body responsible for selling the UK’s debt said it had issued £4.5bn of bonds maturing in 2032 at a [...]

City tourism boosted with £230m Farringdon hotel plans

Commonwealth Games generated £223m for Scotland

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By: Ali Lyon

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