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 ‘should wait’ before cutting interest rates, City AM Shadow MPC says

March 17, 2026

The Bank of England should “wait and see” how long the war in Iran goes on for before cutting interest rates again, leading economists on City AM’s Shadow Monetary Policy Committee have said. The crisis in the Middle East has pushed up energy prices and heightened fears that the UK economy is heading for a [...]
Reeves vows UK will ‘beat G7 at AI adoption’ as she searches for growth agenda

March 16, 2026

Chancellor Rachel Reeves will promise that the UK will beat G7 counterparts in adopting AI over the coming years with fresh investment set to focus on quantum computing and researchers specialising in healthcare, clean energy and national security. In a speech on Tuesday afternoon, Reeves is expected to set out the government’s AI ambitions to [...]
‘Digging a hole then filling it in’ – Labour to subsidise youth employment

March 16, 2026

The Labour government is set to hand businesses cash to hire benefits claimants in a bid to lower the number of under-25s not in education, employment and training, otherwise referred to as ‘Neets’. Pat McFadden, the work and pension secretary, unveiled a new £3,000 subsidy scheme for employers taking on young people who have not been [...]
Alcohol-free beer and hummus: Trendy food transforms inflation basket

March 16, 2026

Healthy food and personal security products have dominated the list of additions to the Office for National Statistics’ basket of goods, which is used to calculate CPI inflation each month. Alcohol-free beer, hummus and baby food are among the new entries in the inflation basket of goods, it has been revealed. The revisions to the [...]
Starmer: ‘Viable plan’ needed for Trump’s Strait of Hormuz request

March 16, 2026

Sir Keir Starmer has said he is still in discussions to draw up a “viable, collective plan” with European allies in response to President Trump’s call for help in the Strait of Hormuz. In a press conference on Monday, the Prime Minister insisted that the country would “not be drawn into the wider war” in [...]
‘Pressure point’: Oil prices spike as Trump turns up heat on Nato

March 16, 2026

The price of oil spiked once more as trading for the new week began after Donald Trump ramped up pressure on his Nato peers to help get supply flowing. Brent crude, the international benchmark for oil prices, jumped 2.9 per cent as trading open after the weekend to near $106.12 a barrel, but later gave [...]
Thames Water creditors offer ‘best and final’ rescue funding deal

March 16, 2026

Thames Water’s creditors have offered a “best and final” offer deal involving new debt and equity in a bid to prevent it from falling into a special administration regime. Investment behemoths Elliott Management, Silver Point Capital, Invesco, PIMCO and other creditors behind the consortium London & Valley Water have presented Ofwat, the water regulator, with [...]
Small businesses ‘lose 379m hours a year’ on red tape

March 16, 2026

Small businesses lose around 379m hours a year and spend around £36bn a year on dealing with red tape, new research has indicated, piling pressure on the Labour government to fast-track its deregulatory drive. Business secretary Peter Kyle has emphasised that the government remains committed to reducing the regulatory burden on businesses by up to [...]
Trump calls on Starmer to help secure Strait of Hormuz

March 14, 2026

President Trump has called on Sir Keir Starmer to help secure the Strait of Hormuz, the critical stretch of water near Iran for a fifth of the world’s global oil supply. In a post on Truth Social, Trump demanded that China, France, Japan, South Korea and the UK send war ships to the region to [...]
Reeves vows ‘greater support’ for poorer Brits as Iran oil island hit

March 14, 2026

Chancellor Rachel Reeves has suggested poorer households will receive “greater support” in an energy subsidy package as oil supply worries intensified after a key Iranian island was attacked. Reeves has said she “found the money” to announce a support package for people not supported by the energy price cap, including rural communities which use heating [...]

Standard Life’s Briggs warns ‘retirement adequacy is a genuine concern’, as £2bn Aegon deal unveiled

Russell set to join Pollock after London meetings with Matchroom

Celebrating Pan Am’s iconic legacy as airline plans return to the skies

By: Mauricio Alencar

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