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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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 [...]
HMRC doesn’t know how many billionaires are in Britain

July 16, 2025

HMRC does not know how many billionaires pay tax in the UK or how much they contribute, a group of MPs have warned, despite the outsized share of tax revenues they contribute, piling yet more scrutiny on the feasibility of a blanket wealth tax. In a report examining how to tax wealthy individuals, the Public [...]
FTSE 100 passes 9,000 points for first time

July 15, 2025

The FTSE 100 hit another all-time high on Tuesday, sailing past the 9,000-point barrier for the first time ever despite continued uncertainty around tariffs acting as anchor on other major stock markets. London’s blue-chip equities index hit 9,016.98 points in early trades, taking its overall gains for the year up 10.3 per cent. Its constituents [...]
Is it high time to buy in super-prime London?

July 15, 2025

London’s super-prime market has been suffering from a glut of supply in the wake of damaging decision-making from successive governments. Ali Lyon asks, is the tide beginning to turn? To take a walk down Mayfair’s historic Upper Grosvenor Street is to be confronted by a quiet, but dramatic, changing-of-the-guard afoot in one of London’s most [...]
Tory MP formally denies sexual assault charges as trial date set

July 14, 2025

A suspended Conservative MP has formally denied sexually assaulting two women at an exclusive private members’ club in London and will stand trial for the charges next summer. Patrick Spencer, who has represented Central Suffolk and North Ipswich constituents since 2024, is accused of cupping the breasts of two different women over their clothes at [...]
London is world’s second-most expensive city for super rich

July 14, 2025

The government’s decision to charge VAT on private school fees has helped make London the world’s second most expensive city for footloose super rich individuals. According to a fresh study from Swiss bank Julius Baer, the UK capital overtook Hong Kong to come second on its annual ranking of the most expensive cities in the [...]
For first time ever, more small firms expect to shrink than grow

July 14, 2025

More small business owners expect their firm will shrink, shut or be bought over next year than predict a year of growth – for the first time in at least 15 years. According to a poll by the Federation of Small Businesses (FSB), 27 per cent of bosses believe their company will downsize, be sold [...]
Non-dom tax grab could blow £4bn hole in public finances

July 11, 2025

The government’s decision to abolish the non-dom regime will blow a £4bn hole in the public finances and lead to over 3,000 fewer jobs if a quarter of the country’s wealthy foreigners leave. According to a fresh study from the Centre for Economics and Business Research (CEBR), non-doms choosing to leave the UK instead of [...]
Third sector warns wealth tax will hit philanthropy

July 11, 2025

A wealth tax of the sort reportedly being considered by the government would leave a multibillion-pound hole in charities’ finances and jeopardise the work they are able to carry out, third sector bosses and economists have warned. According to John Canady, chief executive of the National Philanthropic Trust UK, the rumoured levy targeted at households [...]
UK loses more billionaires than any other country

July 9, 2025

The UK has lost the most billionaires of any country in the world in the last two years, fresh data has shown, exacerbating fears that Britain’s footloose super-rich residents would continue to flee the country if forced to pay a wealth tax. According to updated numbers from New World Wealth, the UK lost a quarter [...]

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By: Ali Lyon

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