By: Mauricio Alencar

Politics and Economics Reporter Maurício Alencar is City AM’s Politics and Economics Reporter. He covers the state's relationship with the City of London and UK business, jumping between Westminster and the Square Mile. He picks up all stories on UK economics data ranging from inflation to immigration, as well as the Bank of England, the Treasury, business surveys, and all stories important or interesting to the decision-makers. He used to cover sports, foreign news and home news at various publications – plus investigations, which he plans to continue to pursue.

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Bank of England could cut interest rates ‘if war ends’

Economics

The Bank of England could cut interest rates this year if the war in Iran ends and the Strait of Hormuz opens up within weeks, an economist at a City broker has said. Peel Hunt’s chief economist Kallum Pickering’s current assumption is that the Bank makes two interest rate cuts at the end of this [...]
Bank of England: Andrew Bailey warns AI models could ‘crack’ cyber systems

Economics

Bank of England governor Andrew Bailey has warned that a new AI model designed by a Silicon Valley company could “crack” cybersecurity systems, adding that the the technology poses a continuous challenge for key institutions. Speaking at an event in New York, Bailey suggested Mythos Claude, which was created by Anthropic, presented a threat to [...]
The rollercoaster ride for creditors chasing bankrupt theme park investor

Investing

It was billed as Britain’s answer to Disneyland Paris. Unveiled in 2012, plans for the vast 900-acre theme park in Kent dazzled locals with boasts of building Europe’s largest indoor water park, a host of Mission Impossible-themed rollercoasters and the creation of 27,000 jobs. Hollywood giant Paramount ramped up the excitement, announcing it would be [...]

Reform UK lead slips as Labour jumps after Iran war criticism

April 15, 2026

Reform UK’s polling lead slipped in April as Sir Keir Starmer’s criticism of the war in Iran helped mount a slight comeback, fresh data has shown. Reform UK remained top of the party rankings for voter intentions in new research by City AM/Freshwater Strategy. Nigel Farage’s party lost four points in April as around 26 [...]
IMF slaps UK with biggest growth downgrade of any G7 country

April 14, 2026

The UK economy has suffered the biggest growth forecast downgrade of any country in the G7 in the International Monetary Fund’s spring economic outlook report, dealing a blow to Chancellor Rachel Reeves as she struggles to overcome setbacks sparked by the Iran war. Growth this year was revised down by 0.5 percentage points as trade [...]
‘Vandalism’: Reeves and Starmer slammed over defence spending

April 14, 2026

Rachel Reeves and Sir Keir Starmer have been slammed for a failure to provide defence with a substantial cash injection as a former Nato secretary general said an “ever-expanding welfare budget” would not keep the UK secure. Downing Street has come under fire for its delay in setting out a clear timeline for an uplift [...]
High street spending gets ‘much-needed boost’ but cost alert sent to shoppers

April 14, 2026

High street spending in March remained robust though travel companies suffered from holidaymakers’ fears about organising a trip to the Middle East, research has suggested. Retail surveys have suggested that high street shops were boosted by shoppers’ Easter hunt for food, computers and toys last month. Research by the British Retail Consortium (BRC) suggested that [...]
Tax fears mount: Most Brits unhappy with Labour over energy price rise

April 14, 2026

The majority of Britons are unhappy with the Labour government’s response to the energy price jump sparked by the Iran war, new polling has found, as voters believe that Chancellor Rachel Reeves will turn to tax rises to keep public finances on a stable footing. Fresh City AM/Freshwater Strategy polling has found that 52 per [...]
Starmer fears ‘untold damage’ to UK economy from Iran war

April 13, 2026

Sir Keir Starmer has warned that the impacts of the Iran war will be “significant” as he insisted the government’s central position was to stay out of the conflict. Starmer told MPs on Monday that the main war in Iran, which lasted over a month before a ceasefire was announced last week, had already harmed [...]
Farage fronts £2m bitcoin purchase despite price tumble

April 13, 2026

Reform UK’s Nigel Farage has fronted a £2m purchase of bitcoin by the Kwasi Kwarteng-led crypto company Stack BTC despite the cryptocurrency’s price tumbling over recent months. Farage was filmed in a promotional video for the crypto reserves firm buying around £2m of Bitcoin, with the business stating that the political leader was the first [...]

CBI chief calls on Miliband to approve Jackdaw and Rosebank oil fields

Big Bash future in limbo as Cricket Australia’s plan to copy England stalls

Jeremy King: My honest thoughts on The Ivy £1bn sale

By: Mauricio Alencar

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