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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Financial services suffer ‘rapid’ fall in business

January 8, 2026

Financial services are suffering from a “rapid” fall in business activity, new survey data has shown, pointing to investors’ struggles to revive a spluttering UK economy. The Confederation of British Industry (CBI)‘s figures suggested financial services companies experienced a decline in business volumes and profitability at the end of last year, hitting confidence across the [...]
Bosses hold up wage growth expectations amid inflation tensions

January 8, 2026

Company bosses have cut their wage growth expectations for the year ahead, Bank of England data has suggested, with inflation pressures on Britons easing. Finance chiefs across private sector firms are set to raise wages by smaller amounts than seen in the last year, which could sway some Bank policymakers to lower borrowing costs further. [...]
Badenoch accuses Starmer of lying as Abramovich row erupts

January 8, 2026

Kemi Badenoch has accused Keir Starmer of lying about her shadow attorney general Lord Wolfson amid a furious row about funds in Roman Abramovich’s frozen bank account designated for Ukraine. Starmer took aim at Lord Wolfson, who has recused himself from offering the Tory leader advice on Ukraine and Russia due to his own legal [...]
Rent control law to ‘knock £11bn’ off commercial property

January 8, 2026

New legislation introducing rent controls could lead to £11bn being stripped from commercial property values, fresh analysis has shown, in the latest blow to the confidence for investors. The government is proposing a ban on upward-only rent hikes on commercial property in a bid to support small businesses with costs. The proposed ban can be [...]
Labour urged to ramp up defence spending

January 7, 2026

The Labour government is being urged to ramp up defence spending at a faster pace as opposition party leaders warned threats to Greenland, Ukraine and Nato required Keir Starmer to take swift action. Tory leader Kemi Badenoch and Liberal Democrat leader Ed Davey were among those demanding the government to bring forward a 2034 deadline [...]
Starmer summons business chiefs to join China trip

January 7, 2026

Downing Street officials are asking business leaders to join Keir Starmer on a visit to China later this month, it has been reported, amid tensions over the approval of its mega embassy near the City of London. The government is still looking to gather new business representatives to accompany Starmer to Beijing despite some concerns [...]
Construction marks full year of decline in blow to Labour

January 7, 2026

The construction sector has now marked one full year of a decline in output, according to a leading survey, blowing a hole in Labour’s ambitious housebuilding targets. S&P Global’s monthly survey showed the sector had fallen under a threshold for neutrality in output for the twelfth successive month. The reading for December was also the [...]
London Luton Airport says investment at risk due to Labour’s taxes

January 7, 2026

A £2.5bn proposal to expand one of London’s top airports is facing fresh challenges amid rising tax burdens, as the aviation sector feels the pain of Rachel Reeves’ business rates raid. The owner of Luton Airport, Labour-run Luton Council, had put together plans to build a new terminal and increase capacity from 18m to 32m [...]
Reform announces Laila Cunningham will run for London Mayor

January 7, 2026

Nigel Farage’s Reform UK has announced that Westminster City councillor Laila Cunningham will stand as its candidate to be the Mayor of London in 2028. In a press conference on Wednesday morning, Farage said Cunningham would also lead Reform’s local campaigns in London ahead of crucial council elections in May. During her speech, she criticised [...]
Starmer sends Trump warning on Greenland in sign of icy relations

January 6, 2026

Keir Starmer has joined EU countries in sending President Trump a warning to back off Greenland in another sign of tensions emerging between between the US and Western allies. In a statement on Tuesday, European leaders defended Nato member Denmark’s claim over the islands in the Atlantic Ocean, adding that the issue of control was [...]

UK needs deeper integration with EU, says Starmer

Former Six Nations stadium to become 50,000-seat football arena

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By: Mauricio Alencar

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