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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Healey condemns Reeves: ‘Our adversaries do not follow timetables set by the Treasury’

June 16, 2026

John Healey has delivered a stinging criticism of Rachel Reeves’ handling of defence spending, warning that the UK’s enemies “do not follow timetables set by the Treasury”. In his resignation speech in parliament, the former defence secretary took aim at Sir Keir Starmer and Reeves for failing to fully fund the Defence Investment Plan (DIP), [...]
Streeting attacks Burnham’s pledges as ‘appeal to party at expense of Brits’

June 16, 2026

Former health secretary Wes Streeting levelled a series of thinly-veiled attacks against Manchester mayor Andy Burnham, ahead of a crucial by-election that will likely set a Labour leadership contest in motion. In a speech in Tower Bridge in London, Streeting appeared to criticise Burnham’s political campaign in Makerfield in the weeks leading up to polling [...]
Bank of England should hold interest rates, City AM Shadow MPC says

June 16, 2026

The Bank of England should hold interest rates as inflation could stay above three per cent for several months, top economists have said. City AM’s Shadow Monetary Policy Committee, a group of leading economists who have provided responses independently of their respective organisations, said interest rates should be kept at 3.75 per cent. Economists warned [...]
Thames Water on cusp of public ownership after ‘weak’ deal

June 16, 2026

Thames Water is on the cusp of being placed in temporary public ownership after the government raised concern with a proposed £10bn rescue by its lenders. It was reported last night that the environment secretary Emma Reynolds had outlined a number of concerns to the industry regulator Ofwat ahead of a final decision on the [...]
Badenoch: City’s risk culture should be ‘championed’ to boost UK growth

June 16, 2026

Tory leader Kemi Badenoch will pledge that the role of the City of London would be one of her central levers for driving economic growth, whilst suggesting that financial regulators have buckled to pressure from media and political leaders in recent years. In an address to City financiers, Badenoch will argue that the Square Mile [...]
Serco hits back after Zia Yusuf accuses FTSE 250 firm of being ‘hostile to Reform’

June 15, 2026

One of the UK government’s biggest private sector contractors has denied being hostile to Reform UK after the party’s home affairs spokesperson Zia Yusuf after accused it taking “political positions” against his immigration policy. Citing a report in the Telegraph that suggested FTSE 250 firm Serco would refuse to support Reform’s deportation plans if it [...]
Andy Burnham commits to triple lock despite backlash over ‘unsustainable’ policy

June 15, 2026

Andy Burnham has committed to keeping the triple lock pension and allowing pensioners to escape paying income taxes despite the policy being opposed by swathes of economists and MPs. Burnham said he would keep the triple lock pension, the mechanism that ensures the taxpayer-funded state pension rises by whichever is highest out of wage growth, [...]
Jenrick vows to partly undo Reeves’ £25bn employer NICs rise – for Britons

June 15, 2026

Reform UK’s Robert Jenrick has said the party would undo Rachel Reeves’ £25bn tax rise on employers’ national insurance contributions – but only when employers hire British workers. Jenrick said Reform was set to put “British workers first, migrant workers second” by reforming tax to treat Britons differently to workers taken from overseas.” Reform’s Treasury [...]
Interest rates set to be held as inflation to remain ‘elevated’ despite Iran peace deal

June 15, 2026

Interest rates are expected to be left unchanged as Bank of England policymakers wait to find out whether the Iran war peace deal holds up. The Bank’s Monetary Policy Committee (MPC) is set to keep interest rates at 3.75 per cent at a decision later this week. Its decision would suggest that the Bank is [...]
‘Nothing is straightforward’: Market analysts warn of US-Iran deal complications

June 15, 2026

Top market analysts warned on Monday that “nothing is straight forward” as euphoria spread across European equities after a confirmed peace deal between the US and Iran. Stock markets opened in the green as investors returned to a risk-on mentality after Pakistan announced an agreement between the two nations and Donald Trump declared the oil [...]

Over one million pensioners hit by higher income tax rates

Sex Education star makes investment into women’s football vehicle

Jaguar reveals the Type 01’s screen-free interior

By: Maurício Alencar

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