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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Starmer calls for ‘moment to unite’ as Nato agrees defence pledge

June 25, 2025

Keir Starmer said the latest Nato summit represented a “moment to unite” as 32 member countries committed to ramp up spending on defence to 3.5 per cent by 2035, with a further 1.5 per cent allocated towards security and infrastructure. The Prime Minister said investment will go towards cyber security and protecting key infrastructure while [...]
Labour doubles down on welfare vote despite massive revolt

June 25, 2025

The Labour government has doubled down on holding a vote on its controversial welfare bill – worth £4.8bn in savings – as soon as next week, despite opposition from more than 130 of its own backbenchers. Angela Rayner told the House of Commons on Wednesday afternoon the government would press ahead with reforms to personal [...]
Trump to make state visit UK in September despite King’s concerns

June 25, 2025

US President Donald Trump is set to make a full state visit to the UK in September in a further sign of Prime Minister Starmer’s efforts to bring the two countries closer together. But King Charles preferred an initial informal visit that would represent a less eventful trip amid threats made to Canada’s sovereignty, according [...]
Graduate jobs at ‘weakest level since 2018’ as Reeves’ taxes rattle firms

June 25, 2025

Graduate jobs are now at their “weakest level since at least 2018”, fresh data has suggested, as Chancellor Reeves’ tax hikes on employers have made bosses avoid hiring junior workers. The UK government has made job creation a crucial part of its efforts to grow the economy and improve living standards for Brits after years [...]
Falling wage growth could usher interest rate cuts, Andrew Bailey suggests

June 24, 2025

Bank of England Governor Andrew Bailey suggested interest rate cuts would be warranted as pay growth was set to decline in the coming months.
Borders watchdog casts doubt on Labour pledge to end asylum hotels

June 24, 2025

The Labour government’s pledge to end the use of hotels for asylum seekers by 2030 has been dismissed as unachievable by the UK’s borders watchdog. Chancellor Rachel Reeves reiterated at the Spending Review nearly a fortnight ago that the government’s commitment to end asylum hotels would save the government £1bn a year. But David Bolt, [...]
ONS appoints Bank of England data exec as new chief

June 24, 2025

The Office for National Statistics (ONS) has appointed a Bank of England executive as its new director general at a time when the independent body is losing trust over its poor handling of key data. James Benford, who served as the Bank’s chief data officer and oversaw analytics, will join the ONS in early August [...]
Manufacturers falter as Reeves urged to fast-track growth policies

June 24, 2025

Manufacturing output continues to slump, according to the UK’s largest industry body, as bosses are urging Chancellor Reeves to back up training and technology policies with “short-term delivery”. The UK government set out its long-awaited industrial strategy earlier this week where it listed areas of the economy which had greatest potential for growth, including advanced [...]
Inflation ‘plateau’ could keep interest rates higher, Bank hawk warns

June 24, 2025

Bank of England officials may avoid cutting interest rates as worries inflation will remain above three per cent over the coming months leave policymakers in an “uncomfortable place”, a Monetary Policy Committee member has warned. Speaking at an event hosted by the National Institute of Economic and Social Research, external member Megan Greene said the [...]
Higher tax ‘inevitable’ as PM makes defence spending pledge

June 24, 2025

Keir Starmer’s fresh commitment to ramp up defence spending to five per cent as a share of GDP by 2035 will almost certainly have to be funded by more tax hikes, the Institute for Fiscal Studies (IFS)’ Paul Johnson has warned. The government’s pledge to spend 3.5 per cent of GDP on defence and a [...]

Cavendish taps top adviser to fend off foreign takeover interest

Jeff Bezos closes in on Liverpool FC stake as FSG sale deal nears

Why the Loire Valley is about so much more than fairytale castles

By: Mauricio Alencar

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