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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Top economists shun Burnham over wealth taxes

August 10, 2026

Economic heavyweights who were reported to be advising Andy Burnham have opted not to join his government due to disagreements over potential wealth taxes, it has been reported. Lord Jim O’Neill, the former Goldman Sachs executive, is in ongoing talks with Burnham over a potential role, City AM reported last week. Fresh reports have suggested [...]
Burnham bounce: PM gets popularity boost – at Farage’s expense

August 10, 2026

Andy Burnham scored a sharp boost in popularity ratings in July just as Nigel Farage’s ratings cratered, new polling has found. The latest City AM/Freshwater Strategy poll of UK voters has shown that Burnham’s approval ratings jumped by 12 points in July from a net score of zero, making him the most positively received figure [...]
Burnham facing calls to cut employment red tape as job seekers grow for 41 months

August 10, 2026

The government is facing calls to strip red tape around employment after the pool of people looking for jobs in the UK grew for a 41st consecutive month. The number of people on the hunt for work has now grown for nearly three and a half years while the number of available jobs has declined [...]
Government urged to refuse £1bn British Steel repayment to Chinese former owner

August 7, 2026

Business secretary Jonathan Reynolds has been urged to refuse to pay back almost £1bn in loans to the Chinese former owners of British Steel after it was nationalised earlier this year. British Steel owed just under £1bn to companies connected to its owner Jingye Steel before it was taken into public ownership in an emergency [...]
UK debt ‘hits £3 trillion’ milestone

August 6, 2026

The size of the UK’s national debt has now risen above £3 trillion, analysis has suggested, reflecting the burden facing taxpayers across the country. A tracker by a rightwing campaign group and think tank has suggested that national debt had reached the long-awaited milestone after an explosion in spending since 2020. The Taxpayers’ Alliance based [...]
Row erupts over Tory plan to stop Soho pub goers standing up

August 6, 2026

London Mayor Sadiq Khan has slammed a plan backed by a Tory council to stop pub goers in Soho from drinking while standing up. Westminster Council, the now-Conservative-run local authority that covers London’s most popular drinking spots, has set out its ambition to radically limit “vertical drinking” or ordering drinks at the bar under a [...]
Serco chief hits back at New Statesman’s outsourcing jibes

August 6, 2026

Serco’s boss has hit back at media criticism in the New Statesman and other outlets as the under-scrutiny firm boosted its sales and eyed more contract wins. The London-listed firm, which is one of Britain’s largest outsourcing companies running everything from bin collections to asylum accommodation, said it remained committed to bidding for contracts in [...]
Astrazeneca and Jaguar Land Rover given power to endorse talented migrants for visas

August 6, 2026

A select group of private companies including Astrazeneca and Jaguar Land Rover will be able to endorse migrants to enter the UK on a skilled talent visa for the first time. The list of over 100 companies, which also includes GSK, Arm and a range of large companies and research start-ups, will now be able [...]
Investors ‘may be less than impressed’ by John Healey’s £9bn borrowing plans

August 5, 2026

Investors may be “less than impressed” by John Healey’s plans to increase borrowing by £9bn a year to take stakes in assets such as infrastructure, analysts have warned. On Tuesday evening, it was reported that the new Chancellor and Treasury ministers were working on a proposal to deploy billions in the direction of infrastructure, housing [...]
22 months of cuts: Jobs crisis deepens despite growth boost

August 5, 2026

A jobs slump across the services sector deepened despite new data suggesting that the UK economy benefitted from a boost to growth. Researchers at S&P Global showed that employment had been cut across the private sector for the 22nd straight month. The overall purchasing managers’ index score for the UK economy, which is a leading [...]

Stamp out pension tax speculation or risk another cash grab, industry warns Healey

Sadiq Khan ready to discuss ‘any credible proposal’ from West Ham for London Stadium

Leapmotor B03X: The Small Electric SUV That Makes Sense for London

By: Maurício Alencar

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