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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Exclusive: Mayors can use tourist tax to ramp up borrowing, Burnham tells business

September 30, 2026

Andy Burnham has looked to justify his new uncapped “tourist tax” to business chiefs by claiming it will allow mayors to ramp up borrowing, City AM understands. In various meetings at Labour’s Business Day, top business groups were told by ministers the so-called overnight stay levy will let mayors take on more debt and use [...]
Reform UK and Tories attack Burnham’s triple lock pension move

September 29, 2026

Reform UK and Tory leaders have hit out at Andy Burnham’s plans to drop the triple lock on pensions in a future Labour manifesto, setting up a clash on a policy which previously had the backing of all major political parties. On Tuesday, the Prime Minister said he would lead his party on a pledge [...]
Burnham opens door to rejoining EU as he rips into Brexit

September 29, 2026

Andy Burnham said the forthcoming UK-EU summit will forge closer ties with the European bloc as he left the door open to a pledge to rejoin at the next election. The Prime Minister used his Labour party conference speech to tear into Brexit, claiming Britain had lost control of key areas such as immigration. He [...]
Burnham pledges to reform triple lock to fund new National Care Service

September 29, 2026

Andy Burnham has said Labour will drop the triple lock on state pensions in its manifesto for the next election in order to fund a sweeping new National Care Service. In his address to party members, Burnham said the party would link a rise in the state pension to inflation or 2.5 per cent every [...]
Healey: We don’t have as much money as we did under New Labour

September 28, 2026

Chancellor John Healey has warned Labour members that the government does not have available funds to spend more on public services. In his address to party activists, Healey said Tony Blair’s government in the late 1990s and early 2000s had more flexibility with public finances given higher growth rates and lower amounts of debt. The [...]
London to make up ‘more than half’ of new UK banking jobs

September 28, 2026

London will make up more than half of all new banking jobs in the UK, new data has indicated, as the likes of JP Morgan and Barclays are set to bring a recovery in hiring levels. Data compiled by the recruitment firm Morgan McKinley has suggested that UK banking vacancies are set to rise by [...]
Chancellor’s ‘new age of industrialisation’ claim raises eyebrows in the City

September 28, 2026

Chancellor John Healey will make upgrades to the Royal Navy central to his flagship speech at the Labour Party conference on Tuesday as he promised a “new age of industrialisation’. The former defence secretary has indicated that shipbuilding will make a key part of Andy Burnham’s pledge to revive Britain’s industrial base across the country. [...]
Burnham: Social care reforms to be paid by new taxes

September 27, 2026

Andy Burnham has said proposed social care reforms would be funded by new taxes after a General Election, claiming he wanted to create a new system where “everyone contributes”. The Prime Minister said a plan for a national care service would be presented at the next election, which may only come in 2029. Baroness Louise [...]
Burnham declines to back Heathrow third runway amid four-year delay

September 27, 2026

Andy Burnham has declined to back a third runway at Heathrow Airport in a major split from his predecessors in Downing Street. Speaking to the BBC on Sunday, Burnham refused to say he backed an expansion at the UK’s largest airport. The project was hailed by former Chancellor Rachel Reeves as part of her mission [...]
UK has ‘low capital gains tax rates’, Healey says

September 27, 2026

The UK enjoys the lowest capital gains tax rate of any major European economy, Chancellor John Healey has said, raising the prospect of another hike at the Budget. Healey has said he wanted to improve the UK’s economic fortunes yet pointed to the UK’s competitiveness on capital taxes when speaking about business confidence. He told [...]

Nandy flags downsides of closer EU relations

Women’s football doesn’t need to become men’s football to succeed

The Capitalist: City AM reporter gets royal trashing by AI slop

By: Maurício Alencar

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