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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Firms stumped up extra £29bn for ‘astronomical’ energy costs

June 19, 2025

British industry has had to fork out an additional £29bn to fund rising energy costs over the past four years, a fresh analysis has shown, adding further weight to calls for government bring down energy prices for British firms when it publishes its industrial strategy. According to the Energy and Climate Intelligence Unit (ECIU), firms’ [...]
Business groups pour cold water on pay transparency plans

June 18, 2025

Plans to make business tell workers what their colleagues earn have sparked a flurry of warnings from industry chiefs that they will hinder bosses’ flexibility to pay staff fairly, and may not work for smaller employers. Ministers are currently looking at ways to end pay discrimination, with options including making companies publish remuneration structures and [...]
Non-dom U-turn would keep South African billionaire in UK

June 18, 2025

South Africa’s richest self-made woman would cancel her plans to leave Britain if Rachel Reeves goes ahead with a change to non-dom inheritance tax rules said to be under consideration by the Treasury. Magda Wierzycka, the billionaire entrepreneur behind UK venture capital fund Braavos, had intended to join the wave of rich foreigners departing Britain, [...]
Carried interest: London’s dealmakers bask in rare lobbying win

June 17, 2025

Rachel Reeves went into the 2024 general election promising to close the “carried interest loophole” long-enjoyed by “asset stripping” private equity executives. So far, though, the sector has escaped the worst of Labour’s promised crackdown, writes Ali Lyon. For someone who once argued private equity was full of asset strippers driving beloved British businesses to [...]
WFH: Office workers in line for quicker promotions and higher pay

June 17, 2025

Staff who attend the office regularly can expect bigger pay rises and faster promotions than peers who prefer to work from home (WFH), a fresh survey of top employers has found. According to research from recruitment shop Reed, over two thirds (68 per cent) of UK companies are more likely to compensate office regulars with [...]
Tory MP Patrick Spencer denies sexual assault charges

June 16, 2025

Conservative MP Patrick Spencer has denied two counts of sexual assault, alleged to have been committed at Soho’s exclusive Groucho Club. The MP for Central Suffolk and North Ipswich appeared at Westminster Magistrates’ Court on Monday where he confirmed his date of birth and full name before submitting a not guilty plea to the charges. [...]
Private school VAT campaigners lose court challenge

June 13, 2025

A group of families with children at private schools have lost their High Court battle over the government’s decision to apply VAT on school fees, with a judge ruling it did not sufficiently infringe on pupils’ human rights. Campaigners had brought legal action against the Treasury, arguing that the change to private schools’ tax status [...]
City regulators’ growth mandate ‘pointless’ without major reform

June 13, 2025

The “entrenched culture of risk aversion” at the City’s two flagship regulators has stymied meaningful progress on their mandates to aid economic growth, a House of Lords report has argued, despite persistent pressure from Westminster for them to boost UK competitiveness. In a withering assessment of the efforts made by the Financial Conduct Authority (FCA) [...]
Four in 10 entrepreneurs mulling UK exit

June 13, 2025

Four in 10 UK-based entrepreneurs are considering moving their firm overseas, a fresh poll has found, in further evidence the government’s crackdown on wealth and Britain’s stagnant economy are driving people away from the country. According to audit shop S&W’s Business Owners Sentiment Survey, 39 per cent of the UK’s entrepreneurs are mulling a move [...]
FCA chief: Court delays denying victims justice

June 12, 2025

Delays in the UK court system are denying victims of financial crime justice and preventing better regulation of the finance industry, the boss of the Financial Conduct Authority (FCA) has said. Nikhil Rathi told City AM that his organisation was working “really hard to accelerate [its] investigations” but that the slow pace of high-profile court [...]

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By: Ali Lyon

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