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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UK living standards have worsened since Labour took power, voters say

May 12, 2025

Nearly half of UK voters believe that living standards have deteriorated over the last 12 months, a new poll has suggested. The Labour government is approaching a full year in office in a matter of weeks after an electoral campaign in which it promised to boost people’s personal finances. But a new poll by Freshwater [...]
China and US announce 90-day pause on tariffs

May 12, 2025

China and the US have watered down tit-for-tat tariffs in a landmark 90-day pause that represents a de-escalation of their ongoing trade war. Both countries had imposed tariffs of over 100 per cent on one another in the fallout to President Trump’s ‘Liberation Day’ at the beginning of April, causing the UN to suggest that [...]
Brick Lane curry houses could ‘go bust’ due to net zero push

May 12, 2025

The drive to reach net zero has transformed the way most Brits live. But when Brick Lane restaurant owner Guljar Khan opened his first curry house with his brother more than two decades ago, he never imagined that it might one day change the way tandoori chicken is cooked. Khan has seen his mini empire [...]
Analysis: What is in the US-UK trade deal and what does it mean?

May 8, 2025

The US administration has offered the UK its first trade deal since President Trump turned global trade on its head last month. The UK government will see the deal as a win, at least symbolically, while Bank of England Governor Andrew Bailey hailed news of a trade deal as “excellent”. Chancellor Rachel Reeves said reducing [...]
Interest rate cut hopes fade after Bank of England decision

May 8, 2025

City investors have lowered expectations of multiple interest rate cuts later in the year after the Bank of England decided to reduce rates to 4.25 per cent. Prior to the Bank’s decision on Thursday at 12.02 pm, markets priced in around three more cuts this year in predictions that would take interest rates to 3.5 [...]
Firms will have to ‘train British workers’ under immigration plans

May 8, 2025

UK firms will reportedly have to train British workers if they wish to hire staff from abroad as part of government efforts to lessen the economy’s reliance on mass immigration. Firms have lowered expectations for investment in training, according to a number of recent surveys, given the UK’s bleak economic outlook for the year ahead. [...]
Bank of England cuts interest rate in split decision

May 8, 2025

The Bank of England has cut interest rates to 4.25 per cent in a split decision dividing hawks and doves. The Bank’s policymakers suggested that President Trump’s aggressive tariffs on China were “more likely to be disinflationary than inflationary”, with price growth expected to level off to its two per cent target by the end [...]
Bank of England interest rates cut ‘nailed on’

May 8, 2025

The Bank of England is “nailed on” to cut interest rates later today to 4.25 per cent, investors believe. City of London leaders are anxiously awaiting the Bank’s newest monetary policy decision, which is set to be unveiled at 12.02pm due to a two-minute silence to commemorate Victory in Europe day. Investment analysts have suggested [...]
Fed expected to hold interest rates and vex Trump

May 7, 2025

The US Federal Reserve will not bring interest rates down until July, Goldman Sachs has predicted, in what may spark a fresh conflict between President Trump and Fed chair Jerome Powell. The world’s most powerful central bank has held back from making interest rate cuts due to a foggy outlook on what a trade war [...]
UK construction crumbles in April as ‘bumpy ride’ continues

May 7, 2025

UK construction endured another month of collapsing output in April, new research has suggested, in signs that a turnaround in the sector is still distant. The sector has now seen a decline in output over four consecutive months, according to S&P Global’s newest purchasing managers’ index (PMI). Civil engineering remained the weakest area of construction [...]

Revealed: Secret Treasury plan to tax State Pension before it is paid out

Silverstone safe amid MotoGP calendar shake-up, chiefs insist

New City venue rethinks competitive socialising… again

By: Mauricio Alencar

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