By: Samuel Norman

City Reporter Samuel is a City Reporter for City AM covering banking, fintech and more across the City. He is a gold-standard NCTJ qualified journalist who's previously worked at the Daily Mail and Sky News. He can be contacted at samuel.norman@cityam.com and posts at x.com/samnormanwrites.

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Autumn Budget: Reeves must cure British ‘pessimism’ disease

November 5, 2025

Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, chief executive of Peel Hunt urges Reeves to use the Budget to start the cure for British pessimism. As Rachel Reeves ruminates over which tax prescription to write to fill her fiscal black hole, [...]
Pound sinks to seven-month low after Reeves spikes tax fears

November 4, 2025

The pound took a plunge this morning after Chancellor Rachel Reeves spooked the markets with a speech laying the groundwork for big tax hikes in her Autumn Budget. Sterling fell to its lowest since April against the dollar this morning at $1.30 – a 0.46 per cent loss today alone. The pound was also struggling [...]
FTSE 100 Live: Reeves faces MPs grilling, blue-chip stocks fall

November 4, 2025

Welcome back to City AM live blog, This morning, Rachel Reeves took to Downing Street to lay the grounds for the Autumn Budget. In a speech that raised eyebrows across the City, she attempted to offshore the blame for the country’s economic woes to the previous Conservative government. The Chancellor laid out the economic choices [...]
Manufacturers urge government to ‘get growth off the floor’ at Budget

November 4, 2025

The manufacturing industry has warned the government to prioritise growth in the Budget as the sector fights back from a year-long downturn in the face of “existential threats.” Manufacturers have faced mounting pressures over the last 12 months as business costs soared in the aftermath of Labour’s first Budget before tariff uncertainty and persistently high [...]
Motor finance backlash mounts with calls to pull £4bn from lenders

November 3, 2025

The financial watchdog is back in the hot seat as criticism of its controversial motor finance redress scheme continues to mount. A fresh report from the All-Party Parliamentary Group (APPG) on Fair Banking has blasted the City watchdog for a “£4.4bn billion gap” in the proposed scheme. The group accused the regulator of being “influenced [...]
Rachel Reeves’ banking reforms ‘unlikely to be transformative’

November 3, 2025

Rachel Reeves’ financial services growth mission faces a major blow with top City voices warning her regulatory reforms won’t be transformative. The Chancellor unveiled her Leeds Reform package intended to “rewire the financial services industry” in July this year. Whilst the moves were cheered by industry bigwigs, analysts have raised concerns the changes will fail [...]
Autumn Budget could ‘exacerbate’ manufacturing challenges

November 3, 2025

Fears that the UK manufacturing industry’s recovery could be “short-lived” have jumped as firms brace for a painful Autumn Budget. The latest S&P Global’s manufacturing Purchasing Managers’ Index (PMI) edged up to 49.7 in October, marking a 12-month high for the sector. But this remained stubbornly below the all-important 50.0 threshold, which indicates whether a [...]
FTSE 100 Live: Brave Bison eyes takeover, Ryanair earnings jump

November 3, 2025

Good morning from the City AM liveblog team. A motor finance battle, hefty impairment charges and the shadow of 2008 all cast over banks third-quarter results but beneath the fog investors are rewarding the FTSE 100’s top lenders for another bumper quarter. The FTSE 350 banks index has risen nearly four per cent in October [...]
Motor finance, Madoff fraud, tax fears – bank shares defy the noise

October 31, 2025

A motor finance battle, hefty impairment charges and the shadow of 2008 all cast over banks third-quarter results but beneath the fog investors are rewarding the FTSE 100’s top lenders for another bumper quarter. The FTSE 350 banks index has risen nearly four per cent this month and is up 17 per cent for the [...]
Shawbrook shares jump in biggest City IPO debut of the year

October 30, 2025

Shares in specialist lender Shawbrook soared in early trading after the firm made its IPO debut in the City. The bank’s stock was up over six per cent in early trading to 393.43p. Shawbrook kicked off its London Stock Exchange float targeting a valuation just shy of £2bn with a listing price of 370p. “We [...]

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Wuthering Heights is a bodice-ripper for the OnlyFans generation

By: Samuel Norman

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