By: Mauricio Alencar

Politics and Economics Reporter Maurício Alencar is City AM’s Politics and Economics Reporter. He covers the state's relationship with the City of London and UK business, jumping between Westminster and the Square Mile. He picks up all stories on 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 decision-makers. He used to cover sports, foreign news and home news at various publications – plus investigations, which he plans to continue to pursue.

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From stamp duty to the triple lock, Andy Haldane says bold Burnham leadership can usher ‘vibe change’ for UK economy

June 26, 2026

Andy Haldane is pressing for a radical shake-up of the UK’s tax and wider economic systems as he heaped praise on the Prime Minister-to-be Andy Burnham for having the potential to bring a “change in vibe” across Britain. Haldane, who is advising Burnham on economic policies and growth, urged the country’s next leader to be [...]
Burnham camp goes quiet on hospitality VAT cut

June 25, 2026

Allies of Prime Minister-to-be Andy Burnham have gone quiet on whether he would slash VAT for hospitality despite previously backing calls to do so and committing to a raft of other measures to support pubs, restaurants and bars. The outgoing Mayor of Greater Manchester had previously said he would back calls to cut value-added tax [...]
Burnham adviser floats higher tax on pension funds’ overseas investments

June 25, 2026

One of Andy Burnham’s economic advisers has warned of ‘foreign raiders’ snapping up Britain’s most promising start-ups as he suggested the government should more heavily tax domestic pension funds investing overseas. Andy Haldane, the former Bank of England chief economist who is now the president of the British Chambers of Commerce (BCC), said tax reliefs [...]
‘I have more to do’: Reeves campaigns for Chancellor role under Burnham

June 25, 2026

Rachel Reeves said she has “more to do” as Chancellor as she pitched staying in her job to business leaders despite speculation she will be dumped from the role by Andy Burnham. Reeves said she had brought “stability” to the UK economy and added she was “proud” of her record on inflation and growth. The [...]
Zack Polanski: I have a ‘serious vision’ for UK businesses

June 25, 2026

Green Party leader Zack Polanski will tell business leaders at a conference on Thursday that he will deliver “clarity, stability and serious vision” for the UK economy. In what will be his most significant address to bosses since becoming leader, Polanski is expected to recognise that private sector executives “might have some preconceptions” yet he’ll [...]
Burnham refuses to rule out ‘exit tax’ as founders warn of wealth exodus

June 25, 2026

Entrepreneurs are calling for Andy Burnham to rule out an exit tax or risk another wave of Britain’s wealth creators quitting the UK. Speculation around a so-called ‘settling up’ charge, which would be levied on business owners if they leave the country, is already causing some founders to consider moving overseas, several executives told City [...]
Exclusive: Russian ambassador was invited to box at Queen’s Club

June 25, 2026

The Russian ambassador to the UK was invited to sit in a box at Queen’s tennis club during last week’s 2026 HSBC Championship, City AM can reveal. Andrey Kelin, who has been Vladimir Putin’s chief diplomat based in the UK since 2019, was photographed at the private tennis club in West London during the precursor [...]
Starmer defends ‘treacherous’ Reeves and Miliband despite Badenoch jibes

June 24, 2026

Sir Keir Starmer jumped to the defence of senior Cabinet ministers Ed Miliband and Rachel Reeves despite brutal attacks by the Tory leader Kemi Badenoch. In one of his last Prime Minister’s Questions, Starmer defiantly stood by the Chancellor, who sat on the front bench alongside him, and praised her for “breaking from austerity” and [...]
Burnham coronation closer yet Starmer ally raises alarm on borrowing

June 24, 2026

Andy Burnham’s path to Downing Street has been all but cleared after Darren Jones ruled out entering a leadership race, spilling over to further speculation over the look of the next government’s Cabinet. Jones, a close ally of Sir Keir Starmer, was rumoured as a potential challenger to Burnham but the chief secretary to the [...]
Former Bank of England rate-setter to become next OBR chair

June 23, 2026

A former rate-setter at the Bank of England and member of City AM’s Shadow Monetary Policy Committee is set to become the chair of the Office for Budget Responsibility, the fiscal watchdog which has come under pressure from MPs and inadvertently leaked last year’s Budget. Jonathan Haskel, professor of economics at Imperial College London, will [...]

‘Big Brother’: HMRC agents to target mansions with ponies and pools

Extraordinary athletes, ordinary content: why even Nike should make more of its talent

Scotch Malt Whisky Society’s Caskmaster 2026 championship comes to London

By: Mauricio Alencar

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