By: Christian May

Editor-in-Chief Christian May is the Editor-in-Chief of City AM. He served in the role from 2015 to 2020 and returned in 2024. He writes the daily Editor's Letter for print and online and releases The Week in Business roundup video each Thursday. He is particularly interested in the health of London's capital markets, economic policy, politics, regulation and business activity in the City of London. He regularly appears in the broadcast media and presents a daily Business News slot on LBC at 0730, Monday to Friday. Find Christian on X and LinkedIn.

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Never forget the undeniable moral case for capitalism

Economics

Critics of capitalism describe it as immoral. In pointing to subjective (and sometimes objective) examples of unethical or harmful behaviour they conclude that capitalism is the enabling or even necessary force. Others, in so far as they stop to think about it, may conclude that the free-market system is amoral; that it is utterly indifferent [...]
An emboldened – or desperate – new government will look to wealth taxes

Economics

Wealth taxes are climbing back up the political agenda as the Labour party begins the process of reinventing itself for a post-Starmer era. Wes Streeting thinks he’s found “a wealth tax that works” by hiking capital gains tax while Andy Burnham is flirting with a land value tax that would naturally hit wealthy areas the [...]
Jeremy Hunt is right to ask Can We Be Rich Again?

Economics

With the CBI’s latest economic forecasts warning of a dramatic spike in unemployment and a prolonged period of anaemic GDP growth, it’s a good time to reflect on the question posed by former chancellor Jeremy Hunt in his latest book, Can We Be Rich Again? The book is the latest in a series of works [...]

In 23 months Labour has dragged the UK economy to its knees

June 4, 2026

Reading our interview with billionaire John Caudwell, in which he says he was “misled” by Labour’s pitch for power, I’m reminded of just how unambiguous Keir Starmer and Rachel Reeves were in the run-up to the 2024 election. They promised to be “the most pro-business government this country has ever seen.” Some of us were [...]
Is ‘disinformation’ really one of the biggest challenges facing London?

June 3, 2026

All power to the Lady Mayor and her newly assembled team of City leaders who want to shout from the rooftops about the strengths and assets of our great capital city. Dame Susan Langley will tonight launch a new campaign, Team UK, backed by some of the Square Mile’s biggest business and industry groups, with [...]
Mandelson Files add insult to injury, but the patient was already beyond saving

June 2, 2026

The deluge of emails, Whatsapp messages and hand-written notes released yesterday cover the full range of political and diplomatic life, from the absurd to the poignant; from rows over a gift for Donald Trump to soul-searching over Keir Starmer’s failures, it’s all there in black and white. What’s clear at a glance is quite how [...]
Tony Blair is the only sensible voice left in Labour

May 28, 2026

After reading Tony Blair’s essay on the state of Britain (and the state of the Labour party) I was struck by the realisation that large parts of it sounded as if they’d come straight out of one of my own columns. Regular readers will know that I’ve often used this slot to point out the contradiction [...]
Labour has become the party of welfare, not work

May 26, 2026

A generous interpretation of events would be to concede that Labour has avoided any attempt at welfare reform because it’s been waiting for the conclusions of Alan Milburn’s review into the crisis of youth unemployment. Milburn, who served as health secretary under Tony Blair, will publish the first part of his government-commissioned report this week, [...]
Peckham could do with some Del Boy graft

May 21, 2026

Peckham’s most famous son, Del Boy, once observed that “He who dares, wins” – adding “He who hesitates, don’t.” It’s a motto on which Southwark Council would do well to reflect, considering there are more than 22,000 people on the borough’s social housing waiting list. Southwark’s Liberal Democrats point out it will take the council [...]
Are we in the calm before the economic storm?

May 20, 2026

There is a palpable sense of being in the calm before the storm. Thanks to the backward-looking nature of most economic data releases, we’re being fed glimpses of the gathering gloom. The latest GDP growth data from the ONS covered Q1 and came in at a respectable 0.6 per cent. However, it has been widely [...]

Has Fifa quietly made mandatory release clauses the future of football transfers?

Has Fifa quietly made mandatory release clauses the future of football transfers?

The best places to eat sandwiches in Lisbon, from bifanas to pregos

By: Christian May

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