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 pour scorn on Labour after week from hell

July 7, 2025

Brits have delivered a withering verdict on Labour after a week in which the anniversary of their election victory was marred by shambolic u-turns and infighting. Following the dramatic events of last week, voters’ disapproval of the government appears to have intensified with a growing number of Brits opposing the government’s high-tax-high-spending policies, according to [...]
Downing Street flirts with wealth tax despite exodus fears

July 7, 2025

The UK’s unprecedented exodus of wealthy people could be set to accelerate after the government opened the door to introducing a wealth tax, following calls for such a move by former Labour Party leader Neil Kinnock and a host of union leaders. Chancellor Rachel Reeves has all but conceded that taxes will have to rise [...]
Personal guarantees ‘overuse’ holding UK growth back

July 7, 2025

The “overuse” of personal guarantees in borrowing arrangements is holding businesses back and stifling UK growth, innovators have warned, with only a small minority of companies claiming they would borrow from banks with their personal savings or assets on the line. A new survey of some 1,400 small business owners by the Federation of Small [...]
Scottish Widows owner: Pension funds deal risks making UK like China

July 7, 2025

Labour’s flagship deal with pension funds risks making the UK economy more like China, the boss of Lloyds Banking Group has warned after its subsidiary Scottish Widows chose not to sign up to the agreement. Chancellor Rachel Reeves won the support of 17 pension funds which agreed to invest at least five per cent of [...]
UK becomes ‘most attractive country’ for investment as risk appetite grows

July 7, 2025

The UK has risen up the ranks to become the joint top location for investment among CFOs around the world, a new survey has suggested, with financial officers open to taking on greater risks. City leaders and policymakers have widely spoken about their desire to take on bigger gambles to drive returns and improve growth [...]
Get ready for £30bn tax raid, City analysts warn

July 5, 2025

Top City economists have warned welfare U-turns and President Trump’s damage to growth prospects will lead to tax hikes worth £30bn this autumn. Chancellor Rachel Reeves suggested last year’s £40bn tax raid on businesses, homeowners and investors was a “once in a parliament reset” while Keir Starmer has suggested the UK could not “tax [its] [...]
Housebuilding boost as stamp duty ‘disruptions’ fade

July 4, 2025

Housebuilding stopped the construction sector from crumbling as an increase in residential work in June was recorded for the first time in nine months, fresh data has suggested. S&P Global’s purchasing managers’ index (PMI) for construction showed the sector improved slightly from May, with the decline in total business activity at the lowest level since [...]
Government has ‘lost track’ of illegal migrants working in the UK, MPs warn

July 4, 2025

The UK government has lost track of the number of migrants who have overstayed visas and what happens to people who have had their sponsorship withdrawn, senior MPs have warned in a devastating blow to Labour’s bid to restore credibility with voters on migration. Keir Starmer’s government pledged to restore control over UK borders and [...]
Wes Streeting accused of issuing ‘misleading’ plan on NHS staffing

July 3, 2025

Health secretary Wes Streeting has been accused of issuing “misleading information” on staffing practice at the NHS, with plans to end the use of agencies by 2030 a “short-sighted” move that could push up costs for the taxpayer. Streeting today unveiled Labour’s 10-year plan for the NHS focussed on rolling out weight-loss drugs, reducing people’s [...]
Keir Starmer refuses to rule out £40bn tax raid

July 3, 2025

Keir Starmer has refused to rule out that this year’s Autumn Budget will be softer than the tax raid seen last year, which targeted business and homeowners in raising £40bn extra in receipts. The prime minister has previously said that the UK cannot “tax [its] way to growth” while under-pressure Chancellor Rachel Reeves vowed to [...]

The Debate: Should the City drop its ban on tower logos?

Spurs owners take 12-month investment to £300m with fresh £120m injection

Northumberland’s bold producers reinventing English whisky and gin

By: Maurício Alencar

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