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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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 [...]
French AI boss calls for youth mobility scheme

July 9, 2025

The boss of one of France’s most successful tech start-ups has thrown her weight behind calls for a youth mobility scheme between the EU and UK, warning that Europe must have access to deep pools of talent to stand a chance of competing in the AI arms race. Eleonore Crespo, co-founder of business planning unicorn [...]
Bailey: Don’t force pension funds into UK assets

July 9, 2025

Andrew Bailey has warned the government against forcing pension funds to invest in UK assets, saying that while reform to the sector was essential, he would prefer to see it done in a “natural” way. Treasury ministers have refused to rule out taking measures to make British pension funds allocate a certain share of their [...]
John Caudwell: Bezos gives billionaires a bad name

July 8, 2025

If you ever want to feel like you don’t quite do enough with your time, speak to John Caudwell. We are approaching the culmination of a wide-ranging interview, and the billionaire founder of Phones 4u – and a man hoping to build London’s most expensive housing development ever – runs through his terrifyingly busy schedule [...]
Exclusive: Starmer and Macron assemble top bosses for summit

July 4, 2025

Keir Starmer and Emmanuel Macron are planning to bring together 20 of their countries’ top business leaders for a cross-sector gathering as part of the French President’s first state visit to the UK, City AM can reveal. Set to take place on Wednesday, chief executives and founders from France and Britain will convene in London [...]
CBI on hunt for Soames successor

July 3, 2025

The CBI has kicked off its hunt for a new chair to succeed Rupert Soames, the man credited with saving the lobby group from the brink of collapse. The UK’s business industry body has enlisted headhunters to help with the search for Soames’ successor in one of the most prominent roles in corporate Britain. Soames, [...]
A year of hard Labour: UK plc’s verdict on Starmer and Reeves

July 3, 2025

Just a year ago, Keir Starmer’s Labour party won an historic general election victory having promised to be “the most pro-business government this country has seen’. Ali Lyon sees whether industry and business leaders feel the party has met that vow 12 months on. As some of the great and good of Britain’s storied business [...]
Lloyd’s chair says marketplace must ‘extend’ leading position

July 1, 2025

The new chair of Lloyd’s has vowed to “strengthen and extend” the insurance marketplace’s industry leading position after the sector was identified as a ‘frontier industry’ in the government’s newly minted Industrial Strategy. In a speech seen exclusively by City AM, Sir Charles Roxburgh hailed the “success of Lloyd’s and the London insurance market”, saying [...]

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By: Ali Lyon

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