By: Maurício Alencar

Politics and Economics Reporter Maurício Alencar is City AM’s Economics and City Reporter. He covers 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 City of London. He used to cover foreign news and sports at various publications – plus investigations, which he plans to continue to pursue.

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Brits back tax incentive plan to stop wealthy investors fleeing UK

July 22, 2025

Two thirds of Britons support offering rich investors tax incentives to stop them leaving the UK, according to a new report, as the government has been urged to design a special scheme to boost UK growth. In a new paper by Onward and the Adam Smith Institute, around 67 per cent of the British public [...]
Angela Rayner pushes for new tourist tax to fix black hole

July 22, 2025

Deputy prime minister Angela Rayner is pushing Chancellor Rachel Reeves to give more power to councils to tax tourists amid worries that local governments are struggling to keep finances in check. Rayner has suggested that councils should be able to tax tourist hotel stays and take advantage of a rise in visitors, rather than taxing [...]
Sizewell C gets £38bn sign-off with support of Centrica and France

July 22, 2025

Energy secretary Ed Miliband has signed off on a £38bn deal to build Sizewell C, with Canadian investment fund La Caisse, British Gas owner Centrica and French state companies lining up to back the nuclear power station. In a final decision signed off by Miliband, the government has agreed to be the largest equity shareholder [...]
Rachel Reeves oversees higher government borrowing than expected

July 22, 2025

Government borrowing has overshot predictions, putting Rachel Reeves under more pressure to take control of public finances. The Office for National Statistics (ONS) said public sector borrowing hit £20.7bn in June, higher than market expectations which pencilled in just over £17bn in borrowing. Borrowing in June this year was some £6bn more than at the [...]
FCA softens remortgaging rules in dash for growth

July 22, 2025

The Financial Conduct Authority (FCA) is set to remove red tape on remortgaging in the latest sign public bodies are tearing up their rulebooks to align with the government’s growth agenda. In new measures introduced by the City regulator, mortgage holders will be able to reduce the terms of their borrowing and switch to new [...]
UK government to sanction companies driving illegal migration

July 22, 2025

The UK government is set to introduce a new sanctions regime targeting people smuggling gangs and rogue companies driving illegal migration as part of efforts to curb small boat crossings and stop modern slavery in the UK. In new reforms unveiled by the Foreign Office, individuals and companies responsible for irregular migration will see their [...]
Top bosses briefed by Foreign Office on global risks

July 21, 2025

Top business executives are set to receive briefings from the Foreign Office on global risks including conflicts and trade tensions as part of a wider strategy to help UK firms expand overseas. Representatives of the Premier League, Lloyds Bank and PwC are among those attending a first-of-its-kind event at Lancaster House where leading diplomats are [...]
Rachel Reeves should tweak fiscal rules to ease pressure, IFS says

July 21, 2025

Chancellor Rachel Reeves should bring forward a change to fiscal rules to ease pressures faced at spring fiscal events, a leading economics think tank has urged. In a new briefing on public finances, the Institute for Fiscal Studies (IFS) said Rachel Reeves should refrain from changing the number of times the Office for Budget Responsibility [...]
Labour to target rule-breaking ministers with financial sanctions

July 21, 2025

Rule-breaking ministers will be targeted with sanctions and a new watchdog will be set up to improve standards in public life under new reforms introduced by the Labour government. As part of efforts to improve behaviour across politics, Keir Starmer has replaced an independent watchdog for former ministers – the Advisory Committee for Business Appointments [...]
Ofwat to be scrapped in sweeping water reforms

July 21, 2025

Ofwat is set to be abolished and replaced by a “single, powerful regulator” aimed at cutting water pollution and protecting families from higher bills, the government has revealed. The Department for Environment, Food and Rural Affairs (Defra) has said operations conducted in England by Ofwat will be merged with the Environment Agency, Natural England and [...]

LVMH’s Arnault joins Nike board as sportswear giant set to lose S&P 100 spot

LVMH’s Arnault joins Nike board as sportswear giant set to lose S&P 100 spot

‘Bankers are people too’: Inside tongue-in-cheek bar The Pregnant Man

By: Maurício Alencar

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