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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Government urged to refuse £1bn British Steel repayment to Chinese former owner

August 7, 2026

Business secretary Jonathan Reynolds has been urged to refuse to pay back almost £1bn in loans to the Chinese former owners of British Steel after it was nationalised earlier this year. British Steel owed just under £1bn to companies connected to its owner Jingye Steel before it was taken into public ownership in an emergency [...]
UK debt ‘hits £3 trillion’ milestone

August 6, 2026

The size of the UK’s national debt has now risen above £3 trillion, analysis has suggested, reflecting the burden facing taxpayers across the country. A tracker by a rightwing campaign group and think tank has suggested that national debt had reached the long-awaited milestone after an explosion in spending since 2020. The Taxpayers’ Alliance based [...]
Row erupts over Tory plan to stop Soho pub goers standing up

August 6, 2026

London Mayor Sadiq Khan has slammed a plan backed by a Tory council to stop pub goers in Soho from drinking while standing up. Westminster Council, the now-Conservative-run local authority that covers London’s most popular drinking spots, has set out its ambition to radically limit “vertical drinking” or ordering drinks at the bar under a [...]
Serco chief hits back at New Statesman’s outsourcing jibes

August 6, 2026

Serco’s boss has hit back at media criticism in the New Statesman and other outlets as the under-scrutiny firm boosted its sales and eyed more contract wins. The London-listed firm, which is one of Britain’s largest outsourcing companies running everything from bin collections to asylum accommodation, said it remained committed to bidding for contracts in [...]
Astrazeneca and Jaguar Land Rover given power to endorse talented migrants for visas

August 6, 2026

A select group of private companies including Astrazeneca and Jaguar Land Rover will be able to endorse migrants to enter the UK on a skilled talent visa for the first time. The list of over 100 companies, which also includes GSK, Arm and a range of large companies and research start-ups, will now be able [...]
Investors ‘may be less than impressed’ by John Healey’s £9bn borrowing plans

August 5, 2026

Investors may be “less than impressed” by John Healey’s plans to increase borrowing by £9bn a year to take stakes in assets such as infrastructure, analysts have warned. On Tuesday evening, it was reported that the new Chancellor and Treasury ministers were working on a proposal to deploy billions in the direction of infrastructure, housing [...]
22 months of cuts: Jobs crisis deepens despite growth boost

August 5, 2026

A jobs slump across the services sector deepened despite new data suggesting that the UK economy benefitted from a boost to growth. Researchers at S&P Global showed that employment had been cut across the private sector for the 22nd straight month. The overall purchasing managers’ index score for the UK economy, which is a leading [...]
Net zero and DEI targets cut from procurement rules as firms pressed to raise pay and hire NEETs

August 5, 2026

Net zero, modern slavery and equality rules are set to be stripped from procurement rules as Andy Burnham’s premiership looks to force firms to prioritise job creation. Several major tenders for government contracts feature a list of “conditions of participation” that require firms to report on net zero, diversity, ESG –environmental, social, and governance for [...]
Where are Andy Burnham’s economic advisers?

August 5, 2026

Andy Burnham’s allies boasted that highly-regarded economists had been lured as advisers. Mauricio Alencar and Ali Lyon report on the non-appointments of some of Britain’s best economists – and what the Prime Minister and Chancellor’s new teams look like. In the end, all it took was a few rumours. In the weeks leading up to [...]
Rupert Lowe axes pensions triple lock and pledges tax cuts in economic plan

August 4, 2026

Rupert Lowe, the hard right leader of the Restore Britain party, has said he would back scrapping the triple lock pension and ordering three-year freezes on departmental budgets. Lowe, who has mainly focused on the issue of immigration since breaking from Reform UK over a year ago, published a pamphlet outlining his new party’s economic [...]

Wealthy investors accelerate gifting amid fears of Budget tax raid

Landmark Royal Antwerp case is another test of EU’s appetite to help football consumers

Does the Range Rover Sport Electric have the harder job?

By: Maurício Alencar

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