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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Bank of England officials set to clash on interest rates

July 30, 2025

Bank of England policymakers are set to spar on whether to hold or cut interest rates as City analysts are expecting a three-way split in the final vote. The Bank saw a 6-3 vote in favour of holding interest rates at 4.25 per cent in June while the meeting before in May saw four dissenting [...]
IMF upgrades world economy’s growth forecast as Trump’s tariffs reduced

July 29, 2025

The world economy will not suffer as badly from President Trump’s tariffs as previously thought, the International Monetary Fund (IMF) has predicted. Global growth is set to be three per cent this year, the IMF said, which is higher than its previous 2.8 per cent forecast made in April. The world economy will grow by [...]
Donald Trump slams North Sea oil taxes that ‘make no sense’

July 29, 2025

US President Donald Trump has slammed the UK for its high taxes on North Sea oil, which he described as a “TREASURE CHEST” for the UK. In an early morning post on Truth Social, Trump said the UK could cash in its oil reserves near Scotland, where Trump opened a new 18-hole course at the [...]
JP Morgan: Rachel Reeves could slash headroom to avoid large tax rises

July 29, 2025

Chancellor Rachel Reeves is poised to reduce her wafer-thin £9.9bn headroom even further at the Autumn Budget to avoid making sweeping tax rises, analysts at one of the world’s biggest banks have predicted. Leading think tanks and City analysts have warned that Rachel Reeves will look to raise as much as £30bn in taxes later [...]
Mortgages rebound in lift for housing market

July 29, 2025

Britons’ borrowing of mortgages and consumer credit rose at a faster pace in June, fresh Bank of England data has revealed, in signs that the recovery in the housing market is “well underway”. In monthly statistics released by the Bank to signal trends in the UK banking system, it was revealed that net borrowing of [...]
UK sees ‘small burst’ in hiring in sign of growth

July 24, 2025

The UK labour market saw a “small burst” in demand for jobs in June but postings remain below levels seen last year, fresh data has found, with brutal tax rises introduced in April by Chancellor Rachel Reeves weighing on employers. In new jobs figures published by the Recruitment and Employment Confederation (REC) and Lightcast, the [...]
Rachel Reeves’ matchmaker moment

July 23, 2025

Finance bros and gals are often seen oozing confidence as they strut their stuff around the streets of the City of London, imagining they’re the main characters on hit show Industry. But it would be a mistake to assume these investor strategists, expert consultants and risk analysts are libertarian dreamers, swashbuckling Reagan fanatics and small-state [...]
UK sanctions 25 targets in illegal migration crackdown

July 23, 2025

The UK government has banned 25 people smugglers, fraudsters, and bankers in the first set of sanctions aimed at curbing illegal migration, putting pressure on countries across Europe and the Middle East to follow suit. The Foreign Office has disclosed the names of 24 individuals and one company it has accused of facilitating people-smuggling and [...]
Heathrow: Earnings jump despite cost warnings

July 23, 2025

Heathrow Airport’s earnings before interest, taxes, depreciation and amortisation (EBITDA) edged up by 0.8 per cent in the first half of the year compared to the first six months of 2024 despite fears energy bills and maintenance costs would deal a blow to its growth. The airport previously predicted a hit to its earnings, warning [...]
Rachel Reeves: It’s not progressive to pay off US hedge funds for debt

July 22, 2025

Chancellor Rachel Reeves has said there is “nothing progressive” about paying off US hedge funds which hold government bonds, hours after the Office for National Statistics (ONS) revealed debt interest payments in June were double levels seen at the same time last year. In a hearing at the Economic Affairs Committee, Rachel Reeves said she [...]

MPs press competition watchdog to probe live music industry’s ‘dominant’ firms

What drinking alcohol at football could tell us about sporting fandom

Is this Europe’s weirdest holiday? Bog swimming in Estonia

By: Maurício Alencar

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