Heathrow boss warns Burnham against Budget raid after hub’s tax bill doubles Aviation The boss of Heathrow has warned Andy Burnham against using business as a cash cow at his maiden Budget this autumn, after the airport’s tax bill more than doubled in the space of a year. Thomas Woldbye said the aviation sector is one of the most heavily taxed industries in Britain, and that uptick in [...]
‘False dawn’: June inflation falls to 2.6 per cent but analysts say rises ahead Economics Inflation remained stuck above the Bank of England’s target rate despite government promises to tackle the cost of living. The Office for National Statistics said consumer price index (CPI) inflation was 2.6 per cent in the year to June. Analysts predicted the price growth reading to be 2.7 per cent, lower than the 2.8 per [...]
‘We are going to run out’: Mitie marks eleventh mega takeover of 2026 Markets Mitie’s takeover by rival facilities management group OCS marks the London Stock Exchange’s eleventh £1bn takeover so far this year, as the market continues to serve as a hunting ground for private buyers. OCS agreed to pay 218.5p per share and a final dividend of up to 3.1p. The offer price comes at a 44.7 [...]
Housebuilders urge Rayner to ‘hit the ground running’ and rip up planning red tape July 22, 2026 Housebuilders have called on Angela Rayner to “hit the ground running” and rip up planning red tape after her surprise comeback as housing secretary. Rayner resigned as housing secretary in September over an investigation into her tax affairs but was cleared of wrongdoing in March this year. Leading housebuilding figures told City AM they welcomed [...]
Burnham promises to ‘build new economy’ July 20, 2026 Andy Burnham has said he will “build a new economy” during his tenure as Prime Minister, promising a raft of measures to help households with the cost of living will be announced as soon as tomorrow. Speaking on the steps of Downing Street, the new Labour leader said his government would put “life’s essentials back [...]
OECD sounds alarm on pension triple lock in challenge to Burnham July 15, 2026 The world’s leading independent economic organisation has warned that reform of the triple lock on state pensions is “necessary to reduce fiscal risks”, in a challenge to Andy Burnham as he prepares to take over as Prime Minister. The OECD, the Organisation for Economic Co-operation and Development, described the triple lock guarantee as “unusually generous [...]
I eat for a living. Can I get fit in 100 days? July 10, 2026 City AM’s Deputy Life&Style Editor Adam Bloodworth reviews restaurants for a living. Can he get fit while still doing his job? Can I get fit in 100 days? I eat for a living. Not like those viral food challengers who eat 76 hot dogs in 10 minutes, but still in a quite ridiculous way that [...]
Singapore on Thames or the Sick Man of Europe?: The Economics of Brexit Ten Years from the Referendum July 9, 2026 Paul Johnson, former director of the Institute for Fiscal Studies and Robert Johnson of the Centre for Cities analyse the economic impact of Brexit and its promise of deregulation and growth Since the Brexit referendum of 2016, and since actually leaving the EU in January 2021, the UK’s economic performance has been feeble. On a [...]
Thin end of the wedge? LLPs brace for major tax overhaul July 2, 2026 The maths genius behind trading firm XTX, Alex Gerko, stands high in the rankings of Britain’s top taxpayers, having paid more than £330m to HMRC last year. For good measure, he also handed out more than £150m to charities and good causes in 2025, focusing on education and supporting talented math graduates to pursue PhDs [...]
Andy Haldane: Britain after Brexit June 18, 2026 The UK economy is suffering from deep-seated psychological scarring caused by a sequence of crises, which necessitates a strategic re-imagining of the state’s role in generating growth, says Andy Haldane We are fast approaching the ten-year anniversary of Brexit – an event that is sure to leave a large and lasting scar on our economy, [...]