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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Truth bomb: Defence secretary John Healey resigns over funding battles

June 11, 2026

John Healey has resigned as defence secretary after months of tension with Sir Keir Starmer over funding for an uplift in spending on the armed forces. In a letter to the Prime Minister, Healey said the government’s draft for the Defence Investment Plan (DIP) “falls well short of what is required for defence and the [...]
Reeves aims to lure US workers through tax reform

June 11, 2026

Chancellor Rachel Reeves is considering a tax break for US workers by introducing fresh reform, reflecting her drive to lure more wealthy migrants despite a wider crackdown on immigration. The government has launched a consultation on the double taxation for investors who may be based in the UK but who work for US firms that [...]
One in three defence firms ‘can’t find graduates to hire’

June 11, 2026

Nearly one in three defence firms can’t find graduates to hire despite a youth unemployment crisis, a new report has found, as universities have been urged to work more closely with businesses. Research by the University of Manchester and CBI Economics has suggested that skills shortages among young people has made it more difficult for [...]
Reform UK vows to raise VAT threshold to £150,000

June 10, 2026

Reform UK has announced it would raise the VAT threshold for small businesses from £90,000 to £150,000 despite long-running debates over the cost and benefits of reforming the tax. Reform announced on Wednesday it would create a “fair deal for the White Van man” by increasing the VAT registration threshold to £150,000. The party said [...]
Starmer dodges questions on funding for defence spending

June 10, 2026

Sir Keir Starmer dodged several questions over funding for an uplift in defence spending as he appeared to suggest that the full defence investment plan will take weeks to be published. Starmer refused to confirm the publication date for a 10-year blueprint on defence spending as he stuck to a commitment that it would be [...]
More than 80 retail bosses urge Starmer to tackle youth unemployment crisis

June 10, 2026

More than 80 retail bosses have called on the Prime Minister to set out urgent measures to tackle youth unemployment, warning that the “ladder of opportunity for young people is wobbling”. The chiefs of leading retailers including Tesco, Sainsbury’s and John Lewis have called on Sir Keir Starmer to safeguard the position of retail as [...]
George Osborne: Manchesterism is a real thing but Burnham ‘only part of the story’

June 10, 2026

Former Chancellor George Osborne has said that mayor Andy Burnham should take some credit for Manchester’s high growth, defending Manchesterism as a “real thing”. Speaking to the House of Lords Economic Affairs Committee, he defended his move to begin devolving fiscal powers to Manchester during the Coalition government years under his “Northern Powerhouse” initiative. He [...]
Starmer: X is responsible for fake Farage and Bailey fight images

June 9, 2026

Sir Keir Starmer has said tech firms must take responsibility for fake images depicting a brawl between Nigel Farage and Bank of England governor Andrew Bailey. Multiple AI-generated images of Farage and Bailey fighting have been spread on X, with the links appearing to lead to a scam. The Prime Minister’s spokesman said “there is [...]
‘Course correction’: UK economy to contract as ‘energy shock catches up’

June 9, 2026

The UK economy is expected to contract despite a boost at the start of the year, with economists warning that the war in Iran’s energy price shock will now show up in fresh data. Economists believe that the UK economy declined by 0.1 per cent in April. Official figures will be published on Friday. The [...]
Government aid ‘worth £28bn’ handed to terrorists, criminals and hostile states

June 9, 2026

Billions of pounds of UK taxpayers’ money has been misspent as government aid and Covid relief funds ended up in the hands of terrorists, hostile states and criminal gangs, according to reports. A Cabinet Office dossier, unearthed by the Telegraph, found that more than £28bn ended up in the hands of the Islamic State and [...]

Starling plans to ‘come out swinging’ in diversification bid

Qatar Racing takes over sponsorship of £4.4m British Champions Day

What’s on in London August

By: Mauricio Alencar

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