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 is ‘not behind’ business confidence bounce

September 1, 2026

Andy Burnham’s rise to Number 10 is not the reason for a bounce in business confidence, industry leaders have said. Some analysts have attributed a higher degree of optimism among businesses and consumers in recent months to the “Burnham bounce” and new political direction since Sir Keir Starmer resigned. But influential lobby group the Institute [...]
Shop price inflation hits two-year high as rising energy costs hit consumers

September 1, 2026

Shop price inflation has hit a two-year high and is set to climb through the autumn as a surge in energy and commodity costs filters through to consumers, a top business group has found. The British Retail Consortium (BRC), which represents major supermarkets and high street shops across the UK, warned that shop price inflation [...]
Badenoch bets on experience as Griffith and Tugendhat claim shadow cabinet top spots

August 31, 2026

Andrew Griffith has been announced as the new shadow chancellor, replacing Sir Mel Stride in a Conservative Party reshuffle carried out before parliament returns on Tuesday. Griffith, who was the shadow business secretary, will now lead on economic policy for the Tories heading up a new Conservative Economics Unit. Kemi Badenoch’s decision to sack Stride [...]
‘Big Brother’: HMRC agents to target mansions with ponies and pools

August 31, 2026

HMRC agents are set to inspect homes with ponies, scenic views and balconies in order to value homes for the “mansion tax”. Officials will be sent to properties to consider architectural styles, numbers of bedrooms and whether homes have swimming pools or tennis courts before determining whether homes should be taxed at a higher rate. [...]
Andrew Bailey warns markets are not ready for the rise (or fall) of AI

August 31, 2026

The governor of the Bank of England and chair of the Financial Stability Board, Andrew Bailey, has warned that countries are unprepared for the consequences of advanced AI and that the wider economy remains vulnerable to a dramatic market correction triggered by a potential slump in AI and tech stocks. Ahead of a G20 meeting [...]
Treasury ‘tells Healey’ to consider tax on banks and oil

August 30, 2026

Chancellor John Healey has been presented with a plan to tax oil firms and banks further as bosses in the sectors have posted huge profits, according to reports. Healey may look to tax businesses at this year’s Budget in order to rebuild a partly-eroded £22.7bn fiscal buffer, and fill spending pledges for defence and the [...]
Lord Walker calls for Healey to cut business taxes

August 30, 2026

Iceland boss Lord Richard Walker has urged Andy Burnham and John Healey to cut taxes for businesses and to stop focusing on the cost of living. Walker, who backed Labour at the last election, said Healey should ease costs for employers. The supermarket chief was the cost of living tsar under Sir Keir Starmer’s government [...]
Cleverly announces bid to run for London mayor

August 29, 2026

James Cleverly has quit from Kemi Badenoch’s shadow cabinet in order to launch his bid to run for mayor of London. Cleverly, who was the shadow housing and local government secretary, said he would put himself forward for the Conservatives’ candidacy for London mayor. He said the capital needed someone who “is prepared to fight [...]
Reform sidelines crypto industry at pivotal conference

August 28, 2026

Reform UK is set to sideline crypto companies at its conference next week and cut the industry’s access to senior figures after backlash over Nigel Farage’s £5m gift from a bitcoin billionaire, City AM can reveal. Reform was an early champion of the digital currency and tokenisation industries, which have been a mainstay at previous [...]
Neets dip below one million as Labour blamed for youth unemployment

August 27, 2026

The number of Neets, who are young people not in employment, education or training, has fallen marginally below the one million mark, the UK’s official data body said. The Office for National Statistics said it estimated the number of people aged between 16 and 24 out of work to be about 981,000 in the three [...]

Healey plots Budget raid on family businesses

La Cage: The new bougie Kensington sports bar trying to change the game

Does the Range Rover Sport Electric have the harder job?

By: Maurício Alencar

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