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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Sadiq Khan to be handed peerage

March 27, 2026

Sadiq Khan is poised to be handed a peerage as part of an effort from Keir Starmer to placate one of the loudest Labour party critics of his stuttering administration. According to reports, the London mayor is one of several contenders in line to be elevated to the UK’s second chamber after May’s local elections, [...]
Globalisation obituaries ‘hopelessly premature’

March 26, 2026

Boosting trade is the single best way to improve the long-term fortunes of the UK despite the economy being hit by a barrage of supply chain fractures and geopolitical shocks, the Bank of England’s former chief economist has said. In his first speech as president of the British Chambers of Commerce, Andy Haldane told delegates [...]
US ambassador: UK’s closer ties with EU are a problem

March 26, 2026

Britain pursuing closer ties with the European Union will “not be viewed favourably” in the White House if it in any way affects the trading relationship between the UK and US, Washington’s ambassador to the UK has warned. Warren Stephens said that the government’s recent decision to adopt over 70 European rules onto the UK [...]
Ministers must ‘trade more’ in face of Iran war

March 25, 2026

The government must keep the option of an energy bailout for businesses on the table if oil prices continue to spike, the British Chambers of Commerce boss will say in a speech urging ministers to “trade more, not less” in the face of the Iran war. Shevaun Haviland will warn of the “profound” impact that [...]
IAG and Ryanair ‘best equipped’ to manage airlines’ fuel rationing

March 25, 2026

Ryanair and British Airways owner IAG are the two carriers best equipped to manage the crisis unfolding in the in the Middle East, according to a top investment bank which warned that potential supply rationing of jet fuel “could not be ruled out”. In a note published on Wednesday, Panmure Liberum said the pair of [...]
Rocco Forte: Inheritance tax grab has endangered my family firm

March 25, 2026

With luxury outposts across Europe, and plans to expand to the Gulf, Rocco Forte Hotels has become one of Britain’s most successful hospitality exports. But after being hit by a wave of damaging policies – including a potentially existential inheritance tax crackdown – he tells Ali Lyon, he is more disillusioned with Britain now, than [...]
Rocco Forte: Middle East tourism ‘could increase’ after ceasefire

March 24, 2026

Tourism volumes to the Middle East could increase after a ceasefire in the region if the US and Israel topple the Iranian regime, Sir Rocco Forte has said as he doubled down on investment plans in the region despite an exodus of visitors. The billionaire hotel magnate, whose eponymous Rocco Forte Hotels is part-owned by [...]
UK must ‘urgently’ reopen North Sea drilling amid global volatility

March 24, 2026

Households and businesses will be left even more exposed to geopolitical shocks like the one playing out in the Middle East unless the government “urgently” reopens the UK’s North Sea oil fields to new drilling projects, an industry body has warned. In its annual temperature check of Britain’s energy industry, Offshore Energies UK (OEUK) called [...]
Government borrowing costs set for worst month since Liz Truss

March 23, 2026

The government’s short-term borrowing costs were on course to have their worst month since Liz Truss’s ignominious mini-Budget, until the news of United States’ talks with Iran led traders to unwind bets future interest rate hikes. The two-year gilt yield jumped by eight basis points on Monday morning, meaning the interest rate on the government’s [...]
Bank of England’s Bailey: Interest rate cuts not on the horizon

March 19, 2026

The Bank of England’s Andrew Bailey has ruled out the prospect of any interest rate cuts in the near future, warning that the sustained conflict in the Middle East constitutes a major shock to energy supply that could leave long-term scars on the British economy. In an interview with LBC set to air on Thursday [...]

Inside the fintech industry’s pensions gambit

Barry Hearn says ‘Saudi is a problem’ amid snooker shift

How London’s bakers have become the new mixologists

By: Ali Lyon

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