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.

Connect on socials

All 1298 Articles

Andrew Bailey: Surveys point to weak UK economy

June 3, 2025

Andrew Bailey has backed the Bank of England’s low growth outlook, highlighting dreary business surveys which indicate the UK economy looks set to weaken. In an appearance in front of the Treasury Select Committee, the Bank Governor said growth of 0.7 per cent in the first quarter of the year was a “good number” but [...]
Nato to pressure UK to spend 3.5 per cent on defence

June 3, 2025

The UK will have to spend 3.5 per cent of GDP on defence by 2035 as part of a new Nato demand, according to reports, stretching government expenditure far beyond the current 2.5 per cent commitment made by Keir Starmer. The Labour government has agreed to increase defence spending to 2.5 per cent from 2027, [...]
Foreign companies drive £19bn M&A surge as UK firms ‘attractively valued’

June 3, 2025

Takeovers of British firms reached the highest level in nearly three years as several multi-billion pound transactions made by foreign companies pushed up the value of mergers and acquisitions (M&A), official data has shown. Inward M&A deals in the first three months of the year exceeded £19bn, nearly four times that seen in the last [...]
Bank of England warns pace of rate cuts ‘shrouded in uncertainty’

June 3, 2025

The pace of UK interest rate cuts is “shrouded in a lot more uncertainty” due to the “unpredictable” global economic situation, the governor of the Bank of England has said. Andrew Bailey told MPs during a Treasury Committee session that while rates are on a “glide path” downwards the Bank had “genuine concerns” about escalating [...]
UK economy shows early signs of recovery after ‘Awful April’

May 22, 2025

The UK economy looks set to recover from a torrid month for businesses in which higher energy costs and employment tax rises kicked into effect, fresh data has suggested. S&P Global’s latest flash purchasing managers’ index (PMI) showed that the UK’s services sector has seen moderate growth in output in May while contractions in manufacturing [...]
UK net migration almost halves in 2024

May 22, 2025

Net migration was cut in half in 2024 as 431,000 people arrived in the UK, official data has shown, suggesting Tory-era policies have had some of their desired effects. The Office for National Statistics (ONS) said fewer people arrived on work and study-related visas while an increase in Brits leaving the UK also reduced net [...]
Reeves’ impossible mission to save the public finances – in four charts

May 22, 2025

Government borrowing spiked in April, according to official data, in a stark illustration of the difficult fiscal tightrope that the Chancellor Reeves is walking. The £20.2bn in monthly borrowing was steeper than economists’ prediction of £18bn. So, Reeves might have shivered when she heard Keir Starmer tell the House of Commons winter fuel payments would [...]
London defies ‘Awful April’ slump with more job postings

May 22, 2025

London was one of two regions across the UK to have seen a rise in job postings, with fresh data suggesting businesses in the capital city defied the double whammy of tax hikes and President Trump’s tariff threats. Europe’s richest city has continued to buck the trend of low confidence felt across the country as [...]
UK government borrowing blows past estimates on Labour’s spending plans

May 22, 2025

Government borrowing spiked in April, official data has shown, reflecting Rachel Reeves’s difficulties in controlling public finances. The rise to £20.2bn in monthly borrowing was more than economists’ prediction of £18bn. Capital Economics suggested that the rise in borrowing costs since March via debt interest payments has slashed Reeves’ headroom down to £5.7bn. Tax receipts [...]
UBS creates AI tool to monitor interest rate cuts

May 21, 2025

UBS has created an AI model that takes a view on central bank’s hawks and doves when interest rates are set in a bid to cut through the noise of hard-to-read press conferences. In a new policy paper spanning 38 pages, the Swiss bank revealed that its new tool is adept at “measuring the tone [...]

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

All 1298 Articles

Subscribe