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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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 [...]
Andrew Bailey sends warning as officials say interest rate hikes ‘increasingly likely’

September 25, 2026

Bank of England governor Andrew Bailey has said that it will become “harder” to leave interest rates on hold if energy prices remain higher for longer. At an event in Oxford on Friday, the Bank of England chief indicated that interest rates would have to be raised from 3.75 per cent if oil and gas [...]
‘Knock that dead’: Burnham rules out calling early election

September 25, 2026

Andy Burnham has said the next election will be in 2029 as he ruled out an early snap vote during interviews with local broadcasters. In an interview with ITV North West and Yorkshire, Burnham confirmed that the next General Election would take place at the end of this parliament. Reports suggested that Number 10 was [...]
‘Last days of the honeymoon’: Anxious bosses prepare charm offensive at Labour conference

September 25, 2026

Ahead of the Labour Party Conference on Sunday, and one month away from the Budget, businesses are feeling nervous, write Mauricio Alencar and Felix Armstrong Stepping onto an early-morning Avanti West Coast train from London Euston is now a familiar feeling for the Prime Minister. Andy Burnham is set to make the journey more regularly [...]
Minister tries to keep growth spirit alive amid bleak outlook

September 25, 2026

A government minister has moved to keep people’s optimism about the UK economy and spending afloat amid fears that interest rate hikes and a difficult Budget could dampen spirits. Several analysts, such as those at the research company GfK, have recorded a boost in consumer confidence in the months since Andy Burnham became PM. The UK [...]
Diesel ban: UK to be ‘even more exposed’ if Trump follows through on export threat

September 25, 2026

After Trump announced a ban on exports of diesel, Mauricio Alencar explores how it could impact the UK economy. President Trump’s newest trade threat sent markets into a frenzy once again on Friday. Earlier this week, Trump said he would back Republican proposals to halt exports of diesel in order to ease prices ahead of [...]
OBR chief: Public ‘have not lowered their expectations about what the state can do’

September 24, 2026

A top economist at the Office for Budget Responsibility (OBR) has sent a warning on the effect more tax rises could have on growth and on the public’s expectations about “what the state can do for them”. Professor David Miles, who is one of three top members at the independent fiscal watchdog, said that the [...]
Founders should not be ‘put off’ by inheritance tax, says Treasury minister

September 24, 2026

A senior Treasury minister, while praising the state of the UK economy, has said entrepreneurs should not be “put off” by inheritance tax. Emma Reynolds, the chief secretary to the Treasury, on Thursday, at a visit to Numatic International, the makers of the Henry vacuum cleaner, said entrepreneurs should not be “put off” by the [...]
Business versus the Budget: How a ‘dismal’ fiscal picture could disrupt Labour’s Party conference

September 24, 2026

As business chiefs look forward to the Labour Party conference and the ensuing Budget, Maurício Alencar explores how a difficult fiscal backdrop could disrupt meetings and undermine high expectations. In the months leading up to the Budget, hundreds of notes fly through the Treasury’s letterbox. Emails ping on officials’ phones. Lobbyists for academics, retailers, councillors, [...]

City chairman: Burnham is right to pursue closer ties with the EU

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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