Four charts revealing scale of Andy Burnham’s economic challenge July 21, 2026 Andy Burnham has harboured ambitions to be Prime Minister for over a decade. But the economy he is inheriting will take the shine off his lofty hopes – just look at these four charts. As he stepped out onto Downing Street for the first time as Prime Minster, Andy Burnham allowed himself to break out [...]
As it happened: Stocks rally as defence shares surge on John Healey as Chancellor July 21, 2026 Welcome back to the City AM FTSE 100 liveblog. It’s Tuesday and the markets have been adjusting to the first full day of Andy Burnham’s Labour government. Burnham shocked Westminster and the City on Monday evening when he appointed John Healey as his Chancellor, just weeks after he had resigned in protest as defence secretary. [...]
Dimon threatens to ditch JP Morgan tower in tax warning to Burnham July 21, 2026 The boss of JP Morgan has refused to commit to the future of the bank’s planned £10bn tower in Canary Wharf as he warned Andy Burnham’s new government against penalising the banking sector with a raft of new taxes. Jamie Dimon, the chief executive of the US financial behemoth, said he hoped that London would [...]
Wealthy Brits fear Burnham tax consequences July 20, 2026 Wealthy Brits are bracing for a major shake-up of the tax system, as the UK’s new prime minister looks for ways to fund fresh spending commitments. Prior to taking office, Andy Burnham had already hinted at plans over how the country should be taxed. The Makerfield MP has so far refused to rule out a [...]
Warehouse tax could threaten high street businesses, Burnham warned July 20, 2026 Andy Burnham‘s plans to hike taxes on warehouses to pay for business rates cuts for pubs and shops could backfire and raise costs for high street businesses, industry figures have warned. The UK Warehousing Association (UKWA), a trade body representing retailers including Amazon, Co-op and John Lewis, has written to the new Prime Minister urging [...]
Expensify Launches Corporate Card in Europe July 20, 2026 Finance teams across the UK and EU can now issue Expensify Visa® Commercial Cards for real-time spend visibility, built-in policy controls, and fewer reimbursements.
FTSE 100 property giants urge Burnham to unleash London office construction July 20, 2026 London’s leading property giants have urged Andy Burnham to unleash a wave of new office construction in the capital to boost the UK’s stagnant productivity and sluggish growth. The London Property Alliance (LPA), which represents the capital’s 300 biggest property developers and investors, has written to the incoming Prime Minister urging him to designate central [...]
Sadiq Khan’s London plan is not nearly ambitious enough July 20, 2026 London isn’t building and the draft London Plan put forward by the Mayor last week will do very little to change that, says Sam Dumitriu It is unwise to take on additional responsibilities when you are failing to fulfill those you already have. As Mayor of London, one of the soon-to-be Lord Khan of Tooting’s [...]
Big Yellow slashes staff and turns to automation after Reeves’ business rates blow July 20, 2026 Big Yellow continued to trim its headcount and hike investment into automation in a bid to cut staff costs, as the company continues to deal with the fallout of Reeves’ decision to hike business rates. The Chancellor’s decision to increase both national insurance and minimum wage in the 2024 Autumn Budget, caused the group to [...]
Temporary inflation slowdown set to boost Burnham July 19, 2026 Inflation is expected to have eased last month in a welcome but temporary boost for Andy Burnham’s incoming government. The headline rate of Consumer Prices Index (CPI) inflation is tipped to have eased from 2.8 per cent in May to 2.6 per cent in June, according to some economists. The latest rate of inflation will [...]