By: Simon Hunt

City Editor Simon Hunt is City editor at City AM, covering the economy and financial markets. He was previously business correspondent for the Evening Standard and a reporter for Bloomberg News.

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Immigration rules to be ‘tightened up’ in Labour white paper

May 12, 2025

The prime minister has unveiled sweeping reforms to the UK’s immigration system in a bid to curb levels of net migration. In a speech on Monday, Sir Keir Starmer declared that securing indefinite leave to remain in Britain is “a privilege that must be earned, not a right” as he lays out a series of [...]
Time to build homes on the green belt, Sadiq Khan says in major strategy pivot

May 8, 2025

Sir Sadiq Khan is to call for homes to be built on London’s green belt in a major strategic shift on housing policy. In a speech on Friday, the mayor of London is to announce that City Hall will “actively explore” releasing parts of the green belt in a bid to bring an end to [...]
Keir Starmer strikes ‘historic’ deal with US in bid to swerve tariffs

May 8, 2025

Keir Starmer has unveiled a new deal between the US and the UK, making Britain America’s first major trading partner to partially swerve the looming threat of tariffs. US president Donald Trump last month unveiled sweeping tariffs on major economies across the world, including a 10 per cent tariff on goods imports from the UK [...]
Construction industry ‘not expected to recover’ in 2025, building supplier Lords says

May 8, 2025

The UK construction industry is unlikely to recover before the end of the year, one of Britain’s biggest building materials suppliers has said, as firms wrestle with rising taxes and increased uncertainty. London-listed Lords said it was continuing to focus on delivering efficiencies to deal with cost pressures and “an increasingly onerous regulatory environment” after [...]
Rachel Reeves to blame for UK’s economic uncertainty, report says

May 7, 2025

Responsibility for the UK’s sluggish growth prospects should lie squarely with Rachel Reeves’ fiscal policy, Britain’s oldest independent economics research institute has said, as it warned tax rises left the economy in a “risky and vulnerable position.” A report by the National Institute of Economic and Social Research pinned the economic uncertainty harming business confidence [...]
Vodafone CFO quits to become shortest serving in FTSE 100 giant’s history

May 7, 2025

The chief financial officer of Vodafone is to quit the FTSE 100 company just over 18 months after taking the job. Luka Mucic, who joined the telco’s board in September 2023, said he plans to leave “no later than” the spring of 2026, a move that would make him the firm’s shortest-serving CFO in its [...]
BAE Systems to spend billions on growth and hire thousands more staff

May 7, 2025

BAE Systems has said it plans to hire thousands more staff as the company prepares for an increase in global defence spending. Shares in the London-listed company have rocketed more than 50 per cent since the start of the year. This morning, it said it plans to recruit as many as 2,400 new apprentices, undergraduates, and graduates [...]
Key takeaways from Deliveroo’s Doordash deal

May 6, 2025

Deliveroo’s 2021 flotation had been tipped as London’s hottest IPO. Within days it was rebranded one of the worst in history. The company had been valued at a whopping £7.6bn, making it one of the top tech firms in Britain and propelling its co-founder, Will Shu, from relative obscurity to a star CEO with a [...]
Government signs landmark billion-pound trade deal with India

May 6, 2025

Billions of pounds in extra trade could soon flow between India and the UK after the two nations signed a landmark free trade agreement, ending years of protracted negotiations. The deal, which the UK government said was the most “economically significant” free trade agreement signed since Brexit and the “best deal India has ever agreed”, [...]
Brighton Pier Group joins JP Jenkins after quitting AIM

May 6, 2025

Brighton Pier Group has become the latest business to join liquidity venue JP Jenkins after quitting the AIM stock market. The company, which owns Brighton Palace Pier, the Lightwater Valley Family Adventure Park and a group of bars and mini-golf sites, unveiled its plans to exit AIM in early April, after complaining of high costs, [...]

Consumer confidence slips in latest setback for Labour

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When a Building Reminds You Why You Love Your Job

By: Simon Hunt

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