Business As Usual | City AM

Send us Fan Mail On today's Business As Usual podcast: A senior economist - who advised Andy Burnham in the Labour leadership election - has hit out at "socialists with better Tiktok". City AM speaks to two major rivals to Sadiq Khan in the 2028 election for London mayor, Laila Cunningham from Reform and James Cleverly from the Tories. PLUS: We speak to the economist and author Professor Alex Edmans. He says that, for investors navigating chaotic times, sometimes it's better to consume much, much less information. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail On Business As Usual today: Grim economic news for the Chancellor, as private sector wage growth slows to a crawl just as the state pension hits £13,000 - what will this mean for John Healey's first Budget in October? Bank of England governor Andrew Bailey warns that exponential increases in AI power are an "OMG moment", and countries need to "arm themselves" against possible technological threats. Plus: Is the City doing enough to get behind Britain's tech sector? A VC expert says, possibly not... Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail On today's Business As Usual podcast: Hedge fund founder Crispin Odey has lost his battle against working in financial services after a tribunal found he showed "reckless disregard for good governance". Revolut hackers are threatening to release stolen customer data unless the fintech pays a ransom, after the firm inadvertently handed over a trove of users’ private information over the weekend. Plus: Could MPs pushing for AI regulation hurt Britain's competitive edge in the tech sector? And, why are companies giving less to charity than they did in the wake of the 2008 financial crisis? Hosts: Matt Kenyon & Alys Denby Producers: Joey Curay Teneda & Kathryn Vann Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail On today's Business As Usual... An exclusive City AM interview with Wetherspoon's boss Tim Martin, who warns that more wealthy Brits could be poised to flee the UK. The owner of John Lewis has posted a £120m loss, amid worries that the cost of doing business is rising and tax pressures are deepening. Plus: The ex-Anthropic and OpenAI engineer now giving grave prophecies about killer AI. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail On today's Business As Usual podcast... The e-bike provider Forest tells Sadiq Khan: Enough is enough. The firm calls for London-wide licences. Jesse Wilson, the chief executive of insurgent brewer Jubel, gives the pod the inside view on the beer brand's big summer. Plus: He tells us why he'd never open a pub. And, Glastonbury 2027 tickets will go on sale in October for more than £400. Is that remotely worth it? Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail Chris Rokos, Britain’s third-highest tax-payer has left for Greece, having contributed £300m to the public coffers just last year alone. City Editor, Simon Hunt has the story. Meanwhile, new figures show just how expensive airport parking has become - Alice Fowler, Operations Consultant at the Airport Parking Shop website joins us to explain just how much. Plus: Liverpool sign the biggest front-of-shirt deal in Premier League history. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail John Healey, the new Chancellor, gave his first major speech on the economy on Monday. He promised a more dynamic, innovative state as the key mechanism to push for growth. City Editor Simon Hunt assesses if he's on track to succeed. Meanwhile, Andy Burnham's promise to cut mortgage rates looks in peril as inflation looks set to jump as the Strait of Hormuz remains effectively closed. Nikos Petrakakos, Managing Director at shipping investment firm Tufton joins the podcast to discuss. Plus: the controversial tie up between Fabric nightclub and... St Paul's Cathedral. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail The FTSE 100 giant M&G asset manager swung into a loss this week – and it looks as though a Labour rental policy is to blame. City Editor, Simon Hunt has the story. Meanwhile, the hard-Left leader of the Green Party looks set to run in the seat of former Prime Minister, Sir Keir Starmer as preparations are made for yet another by-election. Reporter, Felix Armstrong joins the pod. Plus: why Zoom has hired Jeffrey Epstein (yes, you read that right), and the 5* London hotel serving food with a side of shards of glass. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail The newly appointed Shadow Chancellor has told City AM he wasn't involved in formulating Liz Truss's disastrous mini-budget, following accusations from Andy Burnham that he contributed to the chaos at Wednesday's PMQs - City Editor Simon Hunt has the interview. Meanwhile, new data suggests many graduates are unlikely to ever repay their student loans, and that only the top earners will ever be free of their punitively high interest rate. Plus: Inside F1's plans to expand - and the Premier League teams that spent the most in this year's transfer window. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail A raft of government stealth taxes is driving the London property market even further out of reach for first time buyers, according to research - City Editor, Simon Hunt has the latest. Meanwhile Andy Burnham and John Healey prepare for their first budget as the UK is blown from pillar to post by global headwinds - Wall Street geopolitical adviser Tina Fordham, joins the pod to explain the uphill battle the government faces. Plus: forget The Joker - Batman's ultimate nemesis might just turn out to be... Irn Bru. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail In this episode of Business As Usual, we get stuck into the business side of Reform UK's party conference. Can Nigel Farage woo big FTSE firms? Apple's new chief executive John Ternus takes the reins today. In his in-tray: a big AI dilemma and soaring component costs. Plus: We'll take you inside the law firm training its Gen Z juniors to speak on the phone... Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail The number of young people not in employment, education or training, (NEETs), remained stubbornly high on Thursday as the number of NEETs dropped very slightly below 1 million. Investment Reporter, Maisie Grice has the breakdown. Meanwhile, the Chief Executive of Burger and Lobster tells the podcast he'd like to see an overhaul to VAT and calls on the government to support consumers. Dino Sura explains the impact the cost of hiring has had on his business. Plus: the former Brewdog boss, James Watt complains that not enough media outlets are covering his alleged hangover cure... so we chat about it with Retail Reporter, Felix Armstrong. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail New research suggests that pensions will heap pressure on generations to come, requiring reams of extra tax rises. The Institute for Public Policy Research found that demographic changes will make up two-thirds of rising fiscal pressures on the government by 2050 and four-fifths of pressures by 2075. Senior City Reporter, Sam Norman, has the facts. Meanwhile, Deloitte is under fire from the Trump administration and has agreed to pay $21.5m to the US government to settle allegations that it violated federal ‘equal opportunity’ requirements. Our professional services editor Maria Ward-Brennan joins us to discuss. Plus: why Londoners are now having to stump up and EXTRA £35,000 in house deposits. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail Housebuilders enjoyed a share price boost on Andy Burnham committed to AKeir Starmer's social housing plan. The news comes as Reform unveiled a policy prioritising British-born families and married couples for social housing. Retail Reporter, Felix Armstrong has the latest. Meanwhile, AI companies are contributing to the rising interest rate on government and household borrowing. Datacentre hyperscalers and AI developers are competing for cash, driving up the going rate for bonds - Investment Director at AJ Bell, Russ Mould joins us to explain. Plus: do you have a pension out there waiting to be claimed? New research show Brits have found billions-worth of forgotten pots in recent years. Investment Reporter, Maisie Grice has advice on where you can find them. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail We take you through the three most likely taxes set to rise in this year's Budget, as Andy Burnham's spending pledges continue to rise. Chief Reporter, Ali Lyon has the list. Meanwhile, further leaks of the new Grand Theft Auto 6 game are further endangering the biggest game launch the world has ever seen. We look at the business implications for Rockstar Games and Take Two Interactive Entertainment. Plus: an interview with the former Australian Chief Scientist, Dr. Alan Finkel, who founded an AI authentication service to prove your work is really your own. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail The Duke and Duchess of Sussex are reported to be eyeing a return to Blighty after six years away in California. City Editor Simon Hunt examines the potential tax implications for the in-and-out royal couple. Meanwhile, from selling books in the mid-90s to destroying them in 2026: Amazon confirms to City AM that it's buying up books to train its AI models. Tech Reporter, Saskia Koopman explains why. Plus: would you work from an Alice In Wonderland themed office? Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail Pensioners are widely expected to receive a £500 windfall when the Triple Lock mechanism calculates the annual uprating of the state pension next month. City Editor, Simon Hunt joins the podcast to explain how much this will cost the taxpayer. Meanwhile, Disney is suing the Trump administration over a censorship case after the House of Mouse's ABC network was hit with a licence renewal order. Professional Services Editor, Maria Ward-Brennan has the latest. Plus: why some analysts think sorting out the student loan repayment regime could be just the boost the hospitality industry needs. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail Oil prices ticked higher on Monday after Donald Trump refused to extend the ceasefire between the US and Iran - City Editor Simon Hunt has the latest. Meanwhile, the rapid expansion of data centres to cater to AI is driving up the price of smartphones, laptops and gaming consoles. Tessa Mann, Multi-Asset Strategy Senior Director at Willis Towers Watson joins the podcast to explain where we go from here. Plus: Deputy Sports Editor Matt Hardy elaborates on how a Kylian Mbappé'-backed firm has scored a coffee machine deal with Harrods. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail The boss of JP Morgan has issued a bank tax warning to John Healey as the Chancellor gears up to deliver his first Budget in October. Jamie Dimon held a call with Healey where the bank chief emphasised “getting public policy right” as crucial to solving economic problems. City Editor, Simon Hunt, joins to discuss. Meanwhile, a rising star in the Labour party, Henry Tufnell has endorsed a potential U-turn on drilling in the North Sea. The MP for Mid and South Pembrokeshire tells the podcast further oil and gas exploration would be for the benefits of the workers Labour aims to represent. Plus: you've heard of working from home - now we take you inside the boardroom battle in which the Chairman of The Works has been accused of working... from New Zealand. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!

Send us Fan Mail Revolut’s customer service chatbot has charged customers a £55 break fee to cancel premium memberships after the neo-bank ditched major subscription perks. Senior City Reporter, Sam Norman has the scoop. Meanwhile, Dairy of a CEO presenter, Steven Bartlett looks set to overtake Joe Rogan's audience on YouTube - we speak to Oliver Yonchev, co-founder of Bartlett's production company, Flightstory, about how the former dragon made it. Plus: we take you inside the new 24/7 cafe on Old Street for tech bros who like to work seven days a week. Remember to download the City AM app: https://tr.ee/BwDcEwXuPS ... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!