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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Get the EU to recognise our qualifications in trade deal, accountants tell Labour

May 18, 2025

A leading industry group for UK accountants has called on trade minister Douglas Alexander to agree a matching up of qualification standards with the European Union if a trade deal is struck. The UK government is locked in intense negotiations with the EU officials, with Labour hoping it can ease post-Brexit regulations and help boost [...]
One in ten Brits have no cash savings, City regulator says

May 16, 2025

One in ten Brits do not have any cash savings, the City regulator has warned, concerning signs that hundreds of thousands of people could be unable to cover emergency bills. New research by the Financial Conduct Authority (FCA) has also suggested that a fifth of people have less than £1,000 available to draw on The [...]
Starmer’s immigration plans dealt surprise blow by Albania

May 15, 2025

Keir Starmer’s plans to “take back control” of immigration rules in the UK were dealt a fresh blow after Albania’s prime minister ruled out hosting failed asylum seekers, a proposal widely seen as acting as a deterrent to illegal migration. In a visit to the capital city Tirana, Starmer was told by Albania’s Edi Rama [...]
City veteran Lord Rose ‘horrified’ by slow growth under Labour

May 15, 2025

Former M&S boss and current Asda co-chief executive Stuart Rose has hit out at Labour’s lack of strategy aimed at boosting the economy, claiming he has been “horrified” by the UK’s lacklustre performance despite Chancellor Reeves’ pledges to deliver growth at a “faster” pace. Reeves said her £40bn tax raid at last year’s autumn budget [...]
Interest rate cuts would ‘boost growth’, businesses tell Bank of England

May 15, 2025

Further interest rate cuts by the Bank of England would get consumers to spend more and boost the economy in the coming months, business leaders have said after UK GDP grew by 0.7 per cent in the first three months of the year. Economists at the Confederation of British Industry (CBI) and the Institute of [...]
Investor visa floated to reverse exodus of millionaires

May 15, 2025

Keir Starmer’s government is reportedly looking to introduce a special visa for foreign investors in an attempt to reverse the tide of millionaires leaving the UK. Officials are at the early stages of drawing up a visa which would provide an olive branch to wealthy businessmen keen to fund in areas such as artificial intelligence [...]
Boost for Rachel Reeves as UK economy booms in first quarter

May 15, 2025

The UK economy surged by 0.7 per cent in the first three months of the year, official data has shown, suggesting firms boosted production ahead of Rachel Reeves’s tax rises in April and the threat of President Donald Trump’s tariffs. Fresh data provided by the Office for National Statistics showed that the UK economy grew [...]
‘Investment magnet’ financial services injected £281bn in UK economy

May 15, 2025

Financial services injected £281bn into the UK economy and accounted for around 2.5m jobs, according to a new industry-led report. The sector, which is an essential component of business in the Square Mile and manages trillions of pounds in assets, has had to steer through several rocky years of Brexit negotiations, a pandemic and tariff [...]
UK dismisses Chinese concerns on trade

May 14, 2025

The UK government has rejected Chinese criticism of its newly-inked US trade deal, in an effort to allay worries that ties between the world’s second largest economy and Britain would deteriorate. Labour have said that China’s economy was not being intentionally “undermined” in the deal, which saw tariffs on steel fall to zero per cent [...]
Small businesses ‘held back’ by £112bn of late payments

May 14, 2025

Small and medium-sized businesses (SMEs) are owed some £112bn in late payments, new research has suggested, with buyers “holding back” UK growth. Nearly 5.5m companies with fewer than 250 employees and modest revenues are seen as the “backbone” of the UK economy and key to unlocking growth. But new research by the Centre for Economics [...]

Cristiano Ronaldo can cash in from Saudi Pro League streaming initiative

Cristiano Ronaldo can cash in from Saudi Pro League streaming initiative

‘Bankers are people too’: Inside tongue-in-cheek bar The Pregnant Man

By: Maurício Alencar

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