Number 10 launches aviation charm offensive after Burnham third runway remarks October 10, 2026 Andy Burnham’s Downing Street operation has been privately reassuring members of the aviation sector of its support for Heathrow’s third runway expansion, despite the Prime Minister refusing to give the megaproject his backing in a string of media appearances over Labour party conference. City AM understands that Number 10 has been trying to patch up [...]
On this day in 1966: David Cameron is born October 9, 2026 As David Cameron turns 60, Eliot Wilson takes a look back at the life so far of the "chillaxed" Prime Minister.
Retailers suffer ‘sharp decline’ in footfall October 9, 2026 Retail footfall took a dive in September as shoppers stayed away from shopping centres, prompting calls for the Chancellor to slash taxes for high street firms. In September, the UK’s total retail footfall fell by 2.9 per cent, far worse than the 1.7 per cent decline recorded in the month prior, according to the British [...]
Minister denies Labour’s tax hikes behind youth unemployment October 8, 2026 The Labour government’s £25bn hike in taxes paid by employers is not the main driver behind rising youth unemployment, a government minister told City AM. Baroness Jacqui Smith, the skills minister, said that changes in NICs and minimum wages have not been the main drivers behind a rise in unemployment rates for people under the [...]
Tesco urges Healey to slash ‘fundamentally unfair’ business rates October 8, 2026 The boss of Tesco has urged John Healey to reform the “fundamentally unfair” business rates system and avoid a so-called warehouse tax. Ken Murphy, chief executive of the UK’s biggest grocer, has become the latest retail industry figure to urge the Chancellor to cut taxes on high street businesses, as Andy Burnham pledges a revival [...]
‘This is dangerous’ – America’s new elites are opting out of society October 8, 2026 If you are fortunate enough to become wealthy, you have obligations to the society that made that possible. Americans have forgotten that.
WatchHouse CEO: Before I did coffee, I designed aquariums for billionaires October 8, 2026 Each week, we dig into the memory bank of the City's great and good. Today, WatchHouse CEO Roland Horne takes us through his eclectic career.
Investment trust urges ministers to overhaul rules amid Saba ‘threat’ October 8, 2026 An investment trust which holds shares in SpaceX has urged the City minister to overhaul the rule book to stop the “threat” of a notorious US activist hedge fund. Tom Burnet, chair of the Baillie Gifford US Growth Trust, has written to City minister Lucy Rigby as well as Scottish secretary Douglas Alexander to plead [...]
Retailers demand energy bill cuts as costs rise by £440m October 8, 2026 Retailers have urged John Healey to slash green policy costs from energy bills, warning that their electricity costs are set to soar by £440m this year. The British Retail Consortium (BRC) – which represents top retailers including Tesco, Sainsbury’s and Marks & Spencer – has warned that rising “policy costs” on energy bills will inevitably [...]
The story of how Simpsons Tavern became Cloth Cornhill October 7, 2026 City AM meets the men who transformed the much-loved Simpsons Tavern into the new Cloth Cornhill How much can you fiddle with the recipe of… a sausage? “We’re now on the ninth iteration,” sighs Ben Butterworth, founder of Cloth Cornhill. “We’ve been fine tuning the details. It’s still a very peppery, well-seasoned sausage, only more [...]