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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Global growth to brake to ‘slowest pace’ since financial crash, World Bank says

June 10, 2025

The world economy is heading for its worst year since the 2008 financial crash, the World Bank has predicted, as most major economies suffered a growth downgrade due to trade tensions sparked by President Trump’s tariffs. The UN-backed financial institution has predicted that global growth will come down to 2.3 per cent this year as [...]
Government told migrant partners are a drag on UK finances

June 10, 2025

UK government ministers have been warned that migrants who arrive on partner and family visas are likelier to have a negative impact on public finances and essential services, including the NHS. The independent Migration Advisory Committee (MAC) has told the government that the vast majority of people on partner visas will be “fiscally negative” over [...]
Unemployment creeps up as firms cut jobs following Reeves tax raid

June 10, 2025

The unemployment rate has crept up to 4.6 per cent from 4.5 per cent, official data has revealed, putting Chancellor Reeves’ ambition of growing the UK economy and getting people into work under threat. It is the highest unemployment rate in three years, with the UK economy then recovering from the pandemic. Figures released by [...]
Government urged to add AI minister to every department

June 10, 2025

The UK government has been urged to create an AI oversight body with ministerial posts dedicated to advanced technology, with former Tory leader William Hague calling on the “very structures of government” to be re-imagined in the coming years. A new Policy Exchange report calls on the government to create a new Office for Superintelligence [...]
UK GDP growth expected to slide after Awful April

June 10, 2025

The UK economy is expected to have contracted in April as the double whammy of tax hikes and higher energy prices help reverse the 0.7 per cent growth gains seen in the first three months of the year. A Bloomberg poll of economists said City analysts are pencilling in a 0.1 per cent reduction to [...]
Winter fuel U-turn could lead to ‘unfair’ and ‘complex’ tax system

June 9, 2025

Treasury calculations on savings made from a means-tested winter fuel payment for nine million pensioners may be significantly reduced due to a “new complexity in the tax system”, an economics think tank has warned. The government has claimed that £1.25bn budgeting for winter fuel payments represents a cost reduction of up to £450m compared to [...]
Slower April wage growth to feed into interest rate cut hopes

June 9, 2025

An expected drop in wage growth in April compared to the previous month could encourage Bank of England officials to vote for further interest rate cuts this year, leading analysts have suggested. Labour market data for April, which is due to be published on Tuesday morning, is set to reveal wage growth has cooled while [...]
Voters fear Reeves tax U-turn after Spending Review splash out

June 9, 2025

UK voters are worried Chancellor Rachel Reeves will betray Labour manifesto pledges not to hike income tax, a new poll has suggested, as the government looks set to ramp up investment at Wednesday’s spending review. Sir Keir Starmer has declared that the government cannot “tax [its] way to growth” while ministers have said the spending [...]
Winter fuel payments to return for 9m pensioners in £1.3bn Labour u-turn

June 9, 2025

The winter fuel payment will be handed out to 9m pensioners whose income falls below £35,000 a year, the Treasury has revealed, in a £1.25bn blow to Chancellor Rachel Reeves’ chances of keeping her £9.9bn headroom intact.
London suffering from UK economic malaise, NatWest data suggests

June 9, 2025

Businesses in London saw output decline for the second consecutive month in NatWest’s growth tracker – yet there is some optimism that the capital’s economy could resurge. Firms widely reported Chancellor Reeves’ tax hikes and a rise in energy bills, which kicked into effect in what has been dubbed ‘Awful April’, contributed to a decline [...]

Advertising at World Cup: Levi’s genius, hydration breaks and dodging rules

Advertising at World Cup: Levi’s genius, hydration breaks and dodging rules

Procter & Gamble axes relationship with Kremlin propaganda channel

By: Mauricio Alencar

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