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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Reeves’ tax rise to push up inflation, BoE’s Megan Greene warns

April 22, 2025

Rachel Reeves’ national insurance tax rise will push up inflation and lead to a “shake-up” of the labour market, Bank of England rate-setter Megan Greene has warned. In an interview with Bloomberg Television, Greene said she was particularly concerned about “weakness in output” for the best part of a year as she suggested Reeves’ tax [...]
Will the price of gold keep going up?

April 22, 2025

The US-China trade war rumbles on. Investors are digging their trenches. The dollar is losing its force while the price of gold is going ballistic. A week ago, UBS made what some saw as a bold prediction that gold would reach $3,500 per ounce by December 2025. That milestone has already been hit. Scarred stockholders [...]
Small firms splash out £25bn on tax compliance as HMRC accused of ‘poor service’

April 22, 2025

Small firms are set to stump up a combined £25bn on tax compliance this year, a leading industry body has said, as it accused HMRC of failing to answer phone calls or letters. Calls for a vast reform of the UK’s tax system have come from leading think tanks and policymakers for several years. But [...]
Staff at small businesses suffer falling wages

April 18, 2025

Staff at small and medium-sized companies (SMEs) saw their wages fall at the end of March, new analysis suggests, as firms wrestled to absorb the impact of Chancellor Rachel Reeves’ national insurance tax hikes. Data released by the Office for National Statistics this week suggested that wage growth across the wider UK economy has exceeded five [...]
Dollar ‘disruptions’ could rattle global financial system

April 17, 2025

A fragile dollar could wreak havoc on the global financial system unless US authorities intervene and provide a backstop, a new report has suggested. President Donald Trump’s full-blown trade war with China has sent markets around the world sliding while the dollar index on Thursday afternoon was 8.7 per cent below levels seen three months [...]
HSBC, Barclays, Lloyds: Lenders bank on interest rate cut as mortgage ‘price war’ heats up

April 17, 2025

Top UK lenders are offering more mortgages to prospective house buyers, the Bank of England has revealed, as falling interest rates stir up a “price war” on the high street. The Bank’s credit conditions survey revealed that the burgeoning supply of mortgages would come against a levelling off in demand in the three months to [...]
ECB cuts interest rates as Trump’s tariffs bring ‘exceptional uncertainty’

April 17, 2025

The European Central Bank (ECB) cut interest rates by a quarter point in what was the first decision from a major central bank since President Donald Trump announced sweeping tariffs in a historic speech earlier this month. The all-out global trade war, which has seen the likes of China retaliate with heavy tariffs on the [...]
Jobs market saw March boost ahead of ‘Awful April’

April 17, 2025

Job postings steadily increased in March in signs that employers have built some resilience ahead of tax hikes and sweeping cost rises in what has been labelled ’Awful April’. Active job postings grew by 3.3 per cent compared to the month before as London saw the second highest increase across the country, according to the [...]
UK small firms see slide in exports ahead of Trump tariffs

April 16, 2025

A large number of small UK businesses suffered a decrease in overseas sales compared to those who saw an increase, a new survey has said, as President Donald Trump’s tariffs put firms on edge. Heavy US tariffs on vehicles and aluminium have rattled dozens of UK firms while impending ten per cent tariffs on goods, [...]
Trump’s tariffs to tip world over into ‘recessionary phase’

April 16, 2025

A locking of horns between the US and China over tariffs could tip the world economy into recession as soon as this year, a closely-watched forecast has suggested, as businesses wrestle with the fallout of declining global trade volumes. Global growth is set to slow to 2.3 per cent this year, according to projections by [...]

Drone strikes and noise disputes: The soaring risks of the global data centre boom

Kylian Mbappe receives shares in On as he jumps ship from Nike deal

XPeng G6: The Electric SUV with Business Appeal

By: Maurício Alencar

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