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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Record number of millionaires to leave UK as top academics join calls for exit tax

October 8, 2024

The UK is set to lose the greatest proportion of millionaires in the world in the next four years, new analysis suggests, as a group of respected academics joined growing calls for Rachel Reeves to introduce an exit tax at the upcoming Budget. The Adam Smith Institute’s (ASI) Millionaire Tracker – a new initiative from [...]
Israel vows to retaliate after Iran missile barrage

October 2, 2024

The prospect of a regional conflict loomed large over the Middle East on Tuesday, after Iran launched a series of missiles into Israel in an attack for which Israeli forces promised there would be “consequences”. Over the course of several hours, nearly 200 missiles were by fired by Iran into Israel, according to Israeli army [...]
UK calls time on coal as it closes last remaining plant

October 1, 2024

The UK has shut down its only remaining coal-fired power station, bringing to an end a 142-year dependence on the fossil fuel by the country that invented it as an industrial power source. The country’s last remaining coal power station, located in Nottinghamshire’s Ratcliffe-on-Soar, ceased operations at midnight on Monday, signalling a new chapter for [...]
Business confidence ticks down ahead of Budget

September 30, 2024

Business confidence dropped to a three-month low in September, in yet another sign of firms adapting to the sombre tone ahead of the Budget.
Sir Paul Marshall pulls out of race to own Telegraph

September 29, 2024

Sir Paul Marshall has not submitted a formal offer for the Telegraph despite being regarded as one of the auction's front-runners.
Mervyn King warns against government changing way it measures debt

September 29, 2024

Mervyn King has warned Rachel Reeves against altering how the government defines its debt in the upcoming Budget, and called for the fiscal rules to be assessed by parliamentary term. Speaking in an interview on BBC Radio Four’s Broadcasting House, the former governor of the Bank of England said that the way the government polices [...]
City sounds alarm over fears that non-dom reforms won’t raise money

September 27, 2024

Leading city figures have urged the government to adapt its planned reforms to the non-dom tax regime, after it was revealed that Treasury officials are concerned that the reforms may not raise any money. Labour has promised to scrap the non-domicile (non-dom) regime – a tax status that allows wealthy foreign nationals only to pay [...]
Pay tax on your gifts, top accountancy firm warns politicians amid Labour row

September 26, 2024

Politicians should pay tax on gifts in the same way that other industries and individuals do, a leading accountant has said. Currently, firms and workers in sectors where gifting is commonplace and an element of their profession – such as the media industry or online influencers – are made pay to income tax and, in [...]
Financial advisor: Plan for a ‘devastating’ inheritance tax raid

September 26, 2024

British families and expats with assets in the UK should act now to mitigate the potential impact of an inheritance tax raid in next month’s Budget, the boss of one of the world’s largest financial advisory firms has warned. Nigel Green, who founded Devere Group in 2002, said the upcoming fiscal announcement was likely to [...]
The ultra rich exodus has made an exit tax tempting. Would it work?

September 25, 2024

Millionaires are leaving the UK in record numbers, prompting the Resolution Foundation, an influential left-wing think tank, to propose an exit tax.

Aston Martin F1’s Stroll plays down questions over team principal Newey’s future

Luke Littler face trademark is ‘smart move’ but ‘not silver bullet’, say experts

We road test RDR, Star Wars Outlaws and Fallout 4 on Switch 2

By: Ali Lyon

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