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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All 534 Articles

Wealth creators are right to be nervous

September 24, 2024

The Chancellor insisted yesterday that the proceeds of economic growth must be “felt by the many,” in a line that echoed the commitment made by David Cameron 15 years ago to “share the proceeds of growth.” Rachel Reeves would not be comfortable with such a comparison, and as if to make that very point she [...]
The UK economy is suffering from long Covid and a short memory

September 23, 2024

We may have ditched the testing swabs and face masks, but the impact of the Covid-19 pandemic is still being felt. Quite understandably, we’d rather consign that era to history, but the scale of the costs incurred makes that impossible. The official inquiry is attempting to get to grips with questions of preparedness, decision making [...]
“Older and poorer” – the UK’s future?

September 19, 2024

The Health Secretary, Wes Streeting, said last week that the UK risks becoming “a country with an NHS attached.” Coming from a Labour MP this constitutes admirable candour. The problem is, we’re long past that point already. The NHS is by far the biggest employer in the country (over two million people) with a budget [...]
The departure of the super rich is an early warning siren for the rest of us

September 18, 2024

Marcelo Goulart, managing partner at the Zurich-based wealth advisor First Alliance, has been so busy helping his clients leave the UK that he’s had no summer holiday. He tells City A.M. that 80 per cent of his “UK exposed” clients have either left the country or are in the final stages of doing so. He [...]
Labour’s agenda risks serious economic damage

September 16, 2024

Labour ministers, and even large parts of the public, might not shed a tear over the loss of these remote, almost abstract, purveyors of high-end financial services, but they should.
Raise a glass to the City’s rich history of pubs, taverns and inns

September 12, 2024

Samuel Johnson, the great 18th century writer, poet, and lexicographer, spent much of his life on Fleet Street, in the City of London. Dr Johnson’s house in Gough Square still stands a mere drunken stumble from pubs that the great man would have frequented, such as Ye Olde Cheshire Cheese. In Johnson’s London, Fleet Street [...]
Labour’s employment rights package is playing with fire

September 10, 2024

In the years following the financial crisis, the UK faced an unemployment challenge. As the great recession bit, the unemployment rate started to rise – peaking at over 8 per cent in 2012, around about the time former chancellor George Osborne was being booed at the Olympics. However, by the end of that year the [...]
Labour smashes the “don’t mess with pensioners” rule

September 9, 2024

Nothing in politics is more painful than the removal of a benefit to which the recipients have become accustomed. Successive Chancellors and Prime Ministers have discovered this, sometimes to their embarrassment and sometimes to their very great cost. Related to this first rule, comes another; don’t mess with pensioners. In fact, ‘not messing’ with them [...]
Labour can’t resist flirting with economic populism

September 4, 2024

Keir Starmer’s closest advisors spent last week briefing journalists that this government would be straight with people, and that it would reject the “fake populism” of the Tories which, they claim, raised people’s hopes before disappointing them. Labour figures said that the Prime Minister’s doom-laden introduction to the country was more responsible than attempting to [...]
Starmer’s in power, but is he in control?

September 2, 2024

Labour MPs barely had time to gather for a group photo in Westminster before the summer recess started and they were packed off back to the constituencies. The lucky ones may even have made it abroad for a holiday. Today, when they file back into the Parliament and cram themselves onto the government benches in [...]

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By: Christian May

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