📰 Media & Journalism Jun 30, 2026 · Charlotte Tobitt

Substack reveals newsletters with most paying subscribers in UK

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Substack reveals newsletters with most paying subscribers in UK
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Substack has revealed the 50 newsletters on its platform with the most UK paying subscribers for the first time.



Michael Howell’s Capital Wars is the top Substack newsletter in the UK based on number of paying subscribers. Capital Wars is currently the fifth-ranked finance newsletter across Substack overall and is written by Howell, a former research director at investment bank Salomon Brothers.



Finance is the biggest topic vertical in the top 50, accounting for 13 publications.



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