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By: Matt Kenyon

Newsletter editor Matt Kenyon edits the City AM newsletters, and works on digital content. You can reach him at matt.kenyon@cityam.com.

All 199 Articles
  • Jonathan Reynolds slams wealth tax as ‘daft’ in broadside against Labour left

    July 25, 2025

    Jonathan Reynolds has dismissed the prospect of a wealth tax as “daft”, amidst repeated warnings from the City that the policy would damage the UK economy.  In a podcast interview with GB News, the business secretary told those on the left of the Labour party: “Get serious!”  Reynolds insisted that much of Labour policy already [...]

  • Five day doctors’ strikes begin as Wes Streeting-BMA talks break down

    July 25, 2025

    Resident doctors – formerly known as junior doctors – led by the British Medical Association (BMA) began a five-day strike on Friday morning, set to last until 7am on Wednesday.  Health secretary Wes Streeting said on Thursday evening that strike action should have been a “last resort”, and “we did not need to be in [...]

  • Trump Scotland visit: Starmer to push for zero steel tariffs

    July 25, 2025

    President Trump kicks off his golfing holiday in Scotland this evening, and all eyes are on his diary as the trip looks set to become a hub for diplomacy.  Sir Keir Starmer will meet the US President on Monday, with the express mission of pressing for reduced tariffs on British steel.  The two leaders are [...]

  • Doctors strike: Streeting floats student loan write-off in BMA meeting

    July 18, 2025

    Wes Streeting could offer to write off student loan debt for doctors to persuade the British Medical Association (BMA) to call off a planned strike.  The idea came up in an extended meeting between the health secretary and the medical union, just a week out from a five day walkout which could involve as many [...]

  • Minister says only ‘average incomes’ up to £39k safe from Reeves’ tax hikes

    July 15, 2025

    A government minister has said that Labour will stick to its manifesto commitment not to raise personal taxes, at least for those on “average incomes” – earning up to £39,000.  Successive ministers over multiple days of media rounds have been caught in an increasingly tangled mess of definitions of what it means to be “wealthy”, [...]

  • Treasury minister Darren Jones struggles to define ‘modest income’

    July 14, 2025

    Chief Secretary to the Treasury Darren Jones says Labour’s “working people” tax pledge refers to “anyone that gets a payslip, basically”.  Rachel Reeves’ deputy was asked across multiple interviews on Monday morning to clarify who exactly would be shielded from tax hikes, and whether Labour’s pre-election promises not to raise levies on “working people” will [...]

  • Andrew Bailey calls for lower interest rates if job market stalls

    July 14, 2025

    The Governor of the Bank of England has called for more dramatic cuts to interest rates if the jobs market sees a substantial slowdown.  In an interview with The Times, Andrew Bailey insisted: “I really do believe the path is downward” for rates.  He said that businesses are “adjusting employment” following Rachel Reeves’ tax hikes [...]

  • Reeves puts cash ISA reform on ice ahead of Mansion House speech

    July 11, 2025

    Rachel Reeves is expected to backtrack on plans to cut the tax-free allowance for cash ISAs, amid growing criticisms and building societies reporting a jump in new accounts being set up.  “Differing views” from within government and a longer consultation time with the financial sector have contributed to the pause in the policy, according to [...]

  • Post Office Scandal: Government contracts awarded to Fujitsu even after Mr Bates ITV drama

    July 10, 2025

    Government bodies kept awarding Fujitsu with contracts to the tune of £500m even after the ITV drama Mr Bates vs The Post Office brought the Post Office Horizon scandal to national prominence. That’s according to LBC, alongside the public sector data analytics firm Tussell, which found that 23 contracts were handed out to the firm [...]

  • Benefits claimants take home more than minimum wage workers

    July 10, 2025

    Brits claiming sickness benefits can be paid up to £25,000, which is more than the take home pay of a minimum wage worker. That’s according to new research from the Centre for Social Justice (CSJ), which found that if a claimant is receiving universal credit incapacity benefits alongside personal independence payments and housing benefits, the total [...]

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