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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Uber launches ‘autonomous’ cabs in London

September 3, 2026

Londoners will be able to order “autonomous” Ubers from today as the ride-hailing firm becomes the first company to launch automated driving technology to customers in Britain. The San Francisco-based firm announced it will allow users to book the autonomous cars through its app in London from Thursday, via its partnership with British AI driving [...]
Badenoch: Cut benefits to fund £10bn defence spending package

September 2, 2026

Kemi Badenoch has urged the government to cut housing benefits, child benefits and re-route public investment in order to fund a £10bn boost on defence spending every year. The Tory leader, who had previously called for an increase in defence expenditure without laying out full funding plans, said that Chancellor John Healey “should adopt” plans [...]
Burnham refuses to rule out more borrowing and blames Tories for debt crisis

September 2, 2026

Andy Burnham has refused to rule out borrowing more and raising taxes to fund his government’s spending plans, as he blamed the UK’s vulnerability to a global bond rout on the Conservatives. Speaking at his first Prime Minister’s Questions, Burnham said spiralling debt costs in the UK, which have hit near two-decade highs in recent [...]
Mortgage nightmare as investors price in three interest rate hikes

September 2, 2026

Investors have priced in three interest rate hikes over the next two years as a global bond market rout sent UK gilt yields soaring. Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing costs and putting the UK’s economic stability under threat. The Bank of [...]
‘Large tax hikes on the way’: How the global bond rout is boxing in Healey

September 2, 2026

Chancellor John Healey is likely to roll-out “large tax hikes” at this year’s Budget due to a rout in global bond markets pushing up the cost of government borrowing, economists have said. A jump in the 10-year gilt yield to the highest level since August 2007 could “further erode” the £22.7bn level of fiscal headroom [...]
UK economy stuck in ‘slow lane’ as business investment to slump

September 1, 2026

A slump in business investment will drag on the UK economy’s potential for growth over the rest of the year as industry chiefs warned that the country was stuck in the “slow lane”. The British Chambers of Commerce has warned that the UK economy is set for a slowdown in momentum over the remaining two [...]
Burnham says the government is central to his ‘triple helix’ plan for growth

September 1, 2026

Andy Burnham has said the state will be central to his “theory of growth” in his first statement in the House of Commons as Prime Minister. Addressing MPs, Burnham said his ideas for the UK economy centres on a “triple helix approach to economic development” in which universities, businesses and the government foster economic growth. The ‘triple [...]
As Sir Keir Starmer quits parliament, will Zack Polanski replace him?

September 1, 2026

Sir Keir Starmer is set to resign as the MP for Holborn and St Pancras in order to focus on work in defence and international affairs. The former Prime Minister told the Camden New Journal that he would focus on issues such as “defence, security, trade and technology in a fast-changing world” after leaving parliament. [...]
Manufacturing growth loses momentum as economic risks loom

September 1, 2026

The manufacturing sector suffered a slowdown in growth over August as smaller firms struggled to clinch new orders. S&P Global researchers suggested growth in the manufacturing sector eased in August as the purchasing managers’ index (PMI) reading dropped from 51.9 in July to 51.7. The reading remains above the neutral 50 mark, indicating that activity [...]
Healey facing £6bn hit as UK borrowing costs reach highest point since financial crisis

September 1, 2026

UK borrowing costs have hit their highest level since the financial crisis as gilts were swept up in a mass rout across global bond markets. The UK government is set to pay a higher rate on debt interest as 10-year gilt yields, the benchmark for borrowing costs, were up by as much as 15 basis [...]

Wealthy investors accelerate gifting amid fears of Budget tax raid

Landmark Royal Antwerp case is another test of EU’s appetite to help football consumers

Does the Range Rover Sport Electric have the harder job?

By: Maurício Alencar

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