Budget 2026 Live: Healey introduces pension tax allowance and lays out bank surcharge plans Economics Welcome to City AM‘s Budget liveblog. The Chancellor has delivered his Budget speech in the House of Commons. John Healey announced a range of measures to tackle the cost of living but the market will keep a close eye on his tax and spending plans as the government looks to balance the books. Healey has [...]
Abandoning third runway would be bad for UK, Istanbul airport boss warns Aviation The UK risks missing out on a “positive cycle in the economy” if it fails to approve Heathrow’s third runway, the boss of Istanbul airport has said, adding that a phased approach to development could help keep a lid on the mega-project’s eye-watering costs. Selahattin Bilgen, chief executive of Turkey’s iGA Istanbul Airport, told City [...]
Football regulator warns Burnham: I’ll quit if ministers meddle in Manchester City Sport Business Football regulator boss David Kogan has vowed to quit if prevented from punishing Manchester City’s owners — and is ready to ask government for extra cash to fight any legal challenge from Abu Dhabi. The Independent Football Regulator has the power to disqualify City’s owners and force Sheikh Mansour to sell up following the club’s [...]
Most voters – and Londoners – back third runway at Heathrow October 13, 2026 Almost half of the British electorate back a third runway at Heathrow airport, with Londoners among the biggest supporters, according to fresh research. City AM/Freshwater Strategy polling has shown that 46 per cent of voters support a new runway at Heathrow. The data revealed that 20 per cent opposed the expansion, while 32 per cent [...]
Big Four giant Deloitte accused of faking paperwork to hide Roman Abramovich wealth October 12, 2026 The Cyprus branch of Big Four giant Deloitte and its spin-off are alleged to have falsified corporate paperwork to protect former Chelsea FC owner Roman Abramovich’s assets before the UK government sanctioned him. According to a joint investigation by the Bureau of Investigative Journalism (TBIJ) and BBC Panorama, it is alleged that accounts signed off [...]
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 [...]
Beware the politician who promises he is different October 5, 2026 Andy Burnham has battered home that he is different, an outsider, but distinction comes from actions, not 'honest conversations'.
The huge costs facing Andy Burnham – and the financial tightrope he must walk October 1, 2026 Andy Burnham said he didn’t set out to deliver a “tub-thumping conference speech” but it was packed with huge pledges to take control over utilities and expand the state. Maurício Alencar considers just how costly his promises are in the long term – and in the next month. Andy Burnham had all the goodies for [...]
Andy Burnham can’t treat Heathrow expansion as a local planning issue September 29, 2026 Has Andy Burnham’s commitment to devolution morphed into a convenient excuse not to lead? I ask, because he seems to have excused himself from the debate about a critical £50bn national infrastructure project: Heathrow’s third runway. The project has been debated since the 1980s but officially kicked off in 2003 when Labour’s Alistair Darling, then [...]
MPs will need courage to cut the welfare bill September 23, 2026 Over 100 Labour MPs also have more claimants for mental health conditions such as anxiety, ADHD and autism than their majorities, says Joseph Dinnage The unsustainable expansion of the welfare state is the most important domestic political issue of our time. Britain’s pervasive lack of ambition, dependence, profligacy and idleness are all symptoms of this [...]