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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UK growth set to slow in 2027, OECD says

September 23, 2026

The UK economy will grow slower than expected next year as the effects of a long Iran war drag on activity, the world’s leading economic forecaster has said. The Organisation for Economic Co-operation and Development (OECD) predicted that the UK economy would grow by just one per cent next year, marginally down from a previous [...]
Reeves’ ‘ambitious’ £14bn savings plan leaves Healey with a Budget headache

September 23, 2026

Cost saving measures pencilled in by the last government have dramatically reduced Chancellor John Healey’s ability to look for spending cuts and efficiency gains at his first Budget, economists have warned, raising the prospect of fresh tax hikes. Healey is under pressure to rebuild his £23.6bn fiscal buffer, which is predicted to shrink due to [...]
Reform-linked think tank calls for sweeping City deregulation and tax cuts

September 23, 2026

A Reform UK-linked think tank has called for sweeping tax cuts for investors and an overhaul of regulation in a report that was described by Richard Tice and Robert Jenrick as a “serious contribution” to the UK’s growth debate. The Centre for a Better Britain has called for the abolition of capital gains taxes and [...]
Burnham urged to launch £26bn tax raid on high earners

September 23, 2026

Chancellor John Healey and Prime Minister Andy Burnham could raise £26bn by hiking capital gains taxes and applying national insurance to other areas of income, according to plan put forward by academics that will rattle the City and Westminster ahead of this year’s Budget. Researchers at the Centre for Analysis of Taxation (Centax), consisting of [...]
Burnham adviser slams ‘growth in every postcode’ pledge

September 22, 2026

Andy Burnham’s pledge to deliver “growth in every postcode” will result in “wasted taxpayer money and create political problems”, according to one the PM’s most valued economic advisers. Jim O’Neill, who was tipped to take an official role in Burnham’s government, said the Prime Minister should focus on getting gilt yields to fall by 150 [...]
‘Worryingly large’: Labour’s debt cost racks up to £200bn

September 22, 2026

More than £200bn has now been spent on covering government debt since Labour came into power, official figures show, reflecting the pressure bond traders have put on public finances in the last two years. Analysis of public finances data by City AM shows that debt interest payable to the government’s lenders in bond markets since [...]
‘Dismal’: Blow to Healey as government borrowing overshoots by billions

September 22, 2026

Chancellor John Healey has missed key targets on government borrowing ahead of his inaugural Budget after the UK borrowed more than economists forecast in August. The Office for National Statistics (ONS) said borrowing in August was £18.3bn, which was about £3.5bn above a prediction by the Office for Budget Responsibility and overshot market predictions. The [...]
Finance chiefs lobby Healey to protect City from fresh tax grab

September 22, 2026

City chiefs have warned against a tax grab on financial services and called on ministers to simplify Britain’s “byzantine” tax system, as fears mount that the Chancellor will use his maiden budget next month to launch another raid on the private sector. The Square Mile’s top industry body, TheCityUK, which counts the UK’s biggest banks [...]
Davey calls for AI ‘pause’ as Burnham inks US-UK tech deal

September 21, 2026

Liberal Democrats leader Sir Ed Davey has called for the government to spearhead a treaty that would “press pause on super-intelligent AI” just as Andy Burnham unveiled a deal with President Trump to advance engagement on the technology. Davey is set to tell party members on Tuesday that the UK could be home to an [...]
Burnham to meet Trump amid Iran war’s inflation spike

September 21, 2026

Andy Burnham is set to meet President Donald Trump face-to-face for the first time against the backdrop of the Iran war pushing inflation up to above four per cent within months. On his trip to the United Nations General Assembly in New York, Burnham will meet Trump and several other world leaders. Burnham’s meeting with [...]

Nandy flags downsides of closer EU relations

Women’s football doesn’t need to become men’s football to succeed

The Capitalist: City AM reporter gets royal trashing by AI slop

By: Maurício Alencar

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