[5] Phoenix Tower began his second campaign in a handicap race over seven furlongs at Newbury Racecourse on 20 April in which he was assigned 123 pounds and started at odds of 9/2 in a fourteen-runner field.
[6] Hughes was again in the saddle when the colt started 8/13 favourite for a minor event over one at Windsor Racecourse on 7 May and recorded another easy win, coming home two and a half lengths clear of his three opponents.
[8] After an absence of eleven months Phoenix Tower returned to the track and was moved up in class and distance to contest the Group 3 Earl of Sefton Stakes over nine furlongs at Newmarket Racecourse on 17 April 2008.
He tracked the front-running Kandidate and after briefly looking unlikely to get a clear run he produced a strong finish to gain the advantage in the final strides and win by a head and a neck from Traffic Guard and Pipedreamer.
In the Eclipse Stakes over ten furlongs at Sandown Park on 5 July Phoenix Tower was made the 5/2 favourite against seven opponents headed by the Aidan O'Brien-trained Mount Nelson.
After racing in fifth place he moved up to take the lead in the straight but although he stayed on "gamely" he was caught on the line by Mount Nelson and beaten a short head.