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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London investors urged to shift assets as huge capital gains tax burden revealed

January 21, 2025

Investors from London and the Home Counties will be the hardest hit by April’s hike to capital gains tax and should consider moving their assets into tax efficient vehicles, a leading accountancy firm has warned. Taxpayers in the capital are set to pay a combined £430m of additional capital gains tax (CGT) this year, accountants [...]
‘It’s caused uproar’: Inside the fallout from WPP’s four-day office week mandate

January 20, 2025

Earlier this month, WPP’s Mark Read sent an all-staff memo ordering employees back into the office for four days a week. With staff fearing an exodus of talent and a petition calling on the policy to be revoked, reaching nearly 20,000 signatures, Ali Lyon tells the inside story of a firm known for its brand [...]
‘Student Tax’ to hit graduates on minimum wage by April

January 16, 2025

Thousands of graduates will find themselves stranded in their home town, unable to root out professional opportunities, when April’s hike in the minimum wage drags them into the threshold of student loan repayments, a top financial services firm has warned. The government announced an above inflation rise in the National Living Wage of 5.6 per [...]
Hargreaves Lansdown founder: Labour has ‘worst cabinet of all time’

January 16, 2025

The billionaire founder of Hargreaves Lansdown has said that the current Labour administration has the worst cabinet of all time and will “wreck the economy” over the course of a full term. Peter Hargreaves, who set up the investment platform Hargreaves Lansdown from his bedroom in 1986, slammed the Labour government’s first six months in [...]
Royal Mail IDS owner to return to profit as Kretinsky takes reins

January 15, 2025

The owner of Royal Mail is set to return to profit just as its long drawn out sale to Daniel Kretinsky nears completion thanks to a welcome uplift in the number of parcels it delivered over Christmas. International Distribution Services (IDS) said Royal Mail’s “successful Christmas period” saw it process 188m tracked parcels, a 19 [...]
Tulip Siddiq: Bangladesh files criminal case against City minister

January 14, 2025

Bangladeshi authorities have filed a criminal case against under fire City minister Tulip Siddiq, alleging that she has misused her position as a member of parliament to gain undue influence. She is also accused, along with her aunt the deposed Bangladesh Prime Minister, of having illegally obtained desirable plots of land. The revelation is the [...]
Petition against WPP four-day office policy hits 10,000 signatures

January 13, 2025

A petition demanding that WPP revokes its new four-day office policy has attracted over 10,000 signatures in just four days, as backlash from staff grows against the ad giant’s decision to mandate a higher level of attendance at its offices worldwide. The Change.org petition, which claims to have been set up by a group of [...]
Transparency group calls for Siddiq to step back from anti-corruption brief

January 13, 2025

Embattled City minister Tulip Siddiq should relinquish the economic crime and corruption element of her remit in light of ongoing investigations, the UK’s leading anti-corruption body has said. The UK Anti-Corruption Coalition (UKACC), a group of leading British transparency organisations, said in a statement that Siddiq “has a serious conflict of interests”, irrespective of the [...]
Liz Truss sends cease and desist letter to Starmer over economy crash claims

January 9, 2025

Liz Truss has sent a cease and desist letter to Keir Starmer demanding he stops claiming she crashed the economy. Lawyers acting on behalf of the former Prime Minister wrote that the statement is “false and defamatory”, in a letter to Starmer in which they threatened to pursue legal action if he keeps making the [...]
Bond tumult prompts comparisons with Britain’s 1970s debt crisis

January 9, 2025

The turmoil engulfing the UK gilt market has shades of the country’s debt crisis in the 1970s which culminated in the then Labour government needing a bailout from the IMF, according to multiple financial heavyweights. Nigel Green, chief executive of of the the world’s largest independent advisory businesses, called the market bedlam, which has seen [...]

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By: Ali Lyon

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