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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Andrew Bailey warns on AI: ‘Everybody is currently priced to be a winner’

June 2, 2026

Bank of England governor Andrew Bailey has suggested that the UK’s growth hopes hinge on productivity gains from a mass AI technology roll-out although he warned that investment levels carried “substantial risks” for market prices. Bailey, who is also the head of the Financial Stability Board, an international body overseeing markets, echoed deputy governor Sarah [...]
Reeves warned Iran war oil shock will lead to government borrowing spike

June 2, 2026

Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran war as the Office for Budget Responsibility admitted it had underestimated the effects of the last energy price shock. In a review of its forecasting models, the OBR suggested it had learned lessons from Russia’s full-scale [...]
Is Zack Polanski’s honeymoon over?

June 2, 2026

Green Party leader Zack Polanski’s approval ratings have dived as scrutiny over his past experiences has put him in an awkward position. City AM/Freshwater Strategy polling has shown that Polanski’s approval ratings have dropped from a high of -5 in March to as low as -23 in this month’s data. On a monthly basis, his [...]
Replace Reeves if Starmer goes, voters tell Labour

June 2, 2026

Rachel Reeves should be replaced as Chancellor if Sir Keir Starmer is ousted in a Labour leadership contest, the majority of voters believe. Reeves’ team had told newspapers that she should stay on in order to maintain some stability if Starmer were defeated by Wes Streeting, Andy Burnham or another Labour leader contender in a [...]
‘Be more Trumpian’ – Mandelson discussed dire economy and ‘lack of verve’ with key Starmer ally

June 1, 2026

One of Keir Starmer’s closest allies hit out at Downing Street’s thinking on economic policy as he complained about the government’s push to tax people to pay for more benefits, the latest Mandelson files have revealed. Pat McFadden told Peter Mandelson in May last year that meetings he attended centred on questions about hiking taxes [...]
Brits back Blair’s growth calls – yet are squeamish over welfare cuts

June 1, 2026

Most Britons back Tony Blair’s demands to prioritise cheaper energy over net zero and support the private sector to boost growth, yet are squeamish over slashing disability payments and reforming the triple lock pension, polling has shown. Following up on Tony Blair’s rallying call for potential Labour leadership contenders to focus on growth, City AM/Freshwater [...]
UK manufacturing survives Iran war impact

June 1, 2026

The UK’s manufacturing sector appeared to survive the immediate impact of the Iran war in May, new data has suggested, as researchers suggested that production rose to a four-year high. S&P Global’s purchasing managers’ index (PMI) for the sector hit 53.9 in May, well above the neutrality figure of 50 and higher than April’s recording [...]
Labour sheds union member support to Reform, poll shows

June 1, 2026

Trade union members are split between supporting Labour and Reform UK, a poll has found, reflecting the breakdown of Britain’s traditional voting patterns. A poll by JL Partners has suggested that support for the two parties from union members is tied at 28 per cent, with Labour dropping 20 percentage points in support since the [...]
Reeves’ savings package to have minimal impact on inflation rise

May 29, 2026

A discount campaign launched by Chancellor Rachel Reeves will “shave off” an expected rise in inflation, analysis has suggested, as economists have raised concern over Britons’ inflation expectations. Reeves’ move to delay a hike in fuel duty beyond September and offer VAT relief for businesses giving families reduced prices could strip 0.2 percentage points off [...]
Burnham hits back at Blair with more state control for ‘good growth’

May 29, 2026

Andy Burnham has called for stronger state intervention in the economy to deliver what he calls “good growth,” lashing back at Tony Blair’s blueprint for Labour’s future direction. The Greater Manchester mayor conceded areas of agreement with the three-time election winner — notably on the importance of economic growth— but accused Blair of a “gaping [...]

El Nino heatwaves to ‘fuel inflation next year’

Champions Cup rugby team hacked in ransom attack with player data at risk

A tribute to wine legend Matthew Jukes by his friend Libby Brodie

By: Mauricio Alencar

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