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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Spring Statement 2025: ‘Very small’ headroom risks getting erased again, OBR warns

March 26, 2025

Rachel Reeves faces the prospect of her newly-restored fiscal headroom being wiped out again ahead of the Autumn budget, raising the spectre of fresh take hikes in the future as she battles sluggish growth and economic headwinds. The Chancellor had previously left herself £9.9bn of headroom but the OBR calculated the UK was in fact [...]
Spring Statement 2025: OBR slashes growth forecast

March 26, 2025

The Office for Budget Responsibility (OBR) has slashed its growth forecast in half to one per cent as Chancellor Rachel Reeves said she was “not happy” about the revised figures. Reeves has insisted that high growth is key to Labour’s mission in government, while Prime Minister Keir Starmer has previously suggested that it is aiming for a rate [...]
Mid-sized firms ‘considering leaving UK’ as pressure on Reeves heats up

March 26, 2025

Around a third of mid-sized businesses are considering leaving the UK in the next two years, a new survey has suggested, as Chancellor Rachel Reeves faces intense pressure to make business-friendly announcements at the Spring Statement. The Treasury is set to unlock fresh funding for the construction sector with up to £600m to be spent [...]
UK inflation undershoots expectations in February

March 26, 2025

Inflation hit 2.8 per cent in the year to February, pointing to a fragile UK economy as Chancellor Rachel Reeves prepares to deliver her Spring Statement this afternoon. The Bank of England last week held interest rates at 4.5 per cent as inflation has remained high amid escalating trade tensions and incoming tax rises. Now [...]
Spring Statement 2025: What is it – and when will Rachel Reeves speak?

March 25, 2025

Chancellor Rachel Reeves is set to update MPs on the state of the UK economy and make a range of economic policy announcements on Wednesday afternoon at the Spring Statement. She is also set to give updates on the government’s plan to go “further and faster” on delivering growth. The Spring Statement will come as [...]
UK consumer confidence is tanking warns KPMG

March 25, 2025

Three in five Brits believe the UK economy is worsening, a new survey by KPMG has shown, as Chancellor Rachel Reeves’ Spring Statement risks failing to lift people’s spirits. Reeves is set to announce policies aimed at economic business confidence at her Spring Statement on Wednesday but a new survey suggests consumers are increasingly downbeat [...]
Rachel Reeves takes leaf out of gardening manual– but don’t expect flowery days to come

March 24, 2025

Gardening is typically something career politicians only enjoy once they have retired. But Rachel Reeves appears to be paying homage to the green-fingered guru Alan Titchmarsh in the lead-up to her Spring Statement to be delivered this Wednesday. In one video viewed 111,000 times on Youtube, Titchmarsh offers a tutorial on how to get “free [...]
Andrew Bailey: Strong trade and AI will be key to UK growth

March 24, 2025

Andrew Bailey, the Governor of the Bank of England, has said that strong trade will be essential to UK growth in the coming years. The Bank of England last week held interest rates at 4.5 per cent, citing a possible global trade war as a risk to the economy. In a speech delivered at the [...]
Mid-sized firms will add two million jobs to UK economy by 2028, BDO says

March 24, 2025

Mid-sized businesses could add £745bn to the UK economy in the next three years, according to new research by the financial services firm BDO. Chancellor Rachel Reeves has set out her ambitions to deliver growth “further and faster”, but her plans have come under fire as the Office for Budget Responsibility looks set to halve [...]
Add growth to Bank of England’s remit, Treasury told

March 24, 2025

The Treasury has been urged to change the Bank of England’s remit to include growth after a new paper by the Institute of Economic Affairs (IEA) said a focus on nominal GDP would lead to “more stable” policymaking. The Bank is mandated to hit an inflation target of two per cent and sets interest rates [...]

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By: Maurício Alencar

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