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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Nick Candy eyes payday after £275m home sale to Labour donor

April 16, 2026

Reform UK fundraiser Nick Candy is looking to cash in on his assets after it was revealed that he sold his £275m home to a former Labour donor in what was put down as the largest house purchase in history. Quadrature Capital’s Suneil Setiya bought the hidden Chelsea mansion from Candy, according to the Financial [...]
UK growth spurt ‘too good to be true’

April 16, 2026

The UK economy’s growth spurt is “too good to be true”, analysts have warned, as economists said Rachel Reeves should intervene on the country’s energy policy. ING’s James Smith said the latest data showing a 0.5 per cent jump in growth was consistent with trends seen over recent years where the UK economy has fired [...]
UK economy jumped above forecasts before Iran war

April 16, 2026

The UK economy was growing ahead of expectations before the war in the Middle East erupted, official data has shown. The Office for National Statistics (ONS) said GDP grew by 0.5 per cent over February, though City analysts have suggested the figures are “too good to be true” given trends seen in recent years. In [...]
FTSE 100 Live: Entain leads modest stock jump; Surprise growth ‘pushed to rear view’

April 16, 2026

Good morning and welcome back to the City AM liveblog. Markets are betting the latest round of peace talks will bring some resolution to the conflict in the Middle East. US markets managed to clinch a record high close on the latest news of peace talks but in London the FTSE 100 splintered and finished [...]
Reeves says diplomacy is ‘best economy policy’ as UK tax burden to mount

April 15, 2026

Chancellor Rachel Reeves has said that de-escalating the war in the Middle East is the “best economic policy” to protect growth as the International Monetary Fund showed the UK tax burden was set to deepen at a faster pace than any country. Speaking at a CNBC event in Washington, Reeves doubled down on her attacks [...]
‘I will not yield’: Starmer dismisses Trump’s trade threat as ‘pressure’

April 15, 2026

Sir Keir Starmer has dismissed President Donald Trump’s threat to change a trade deal struck between the US and the UK as “pressure”. Liberal Democrat leader Sir Ed Davey used a question in parliament to say Trump had treated the UK “like a mafia boss running a protection racket” after he threatened to change a [...]
Starmer hits back at defence spending attacks

April 15, 2026

Sir Keir Starmer has said he disagrees with allegations of “complacency” on funding the armed forces amid renewed scrutiny over the Labour’s defence spending plans. During Prime Minister’s Questions, Starmer hit back at widespread backlash over the absence of the government’s Defence Investment Plan, which was due last autumn. He told MPs that he didn’t [...]
Bank of England could cut interest rates ‘if war ends’

April 15, 2026

The Bank of England could cut interest rates this year if the war in Iran ends and the Strait of Hormuz opens up within weeks, an economist at a City broker has said. Peel Hunt’s chief economist Kallum Pickering’s current assumption is that the Bank makes two interest rate cuts at the end of this [...]
Bank of England: Andrew Bailey warns AI models could ‘crack’ cyber systems

April 15, 2026

Bank of England governor Andrew Bailey has warned that a new AI model designed by a Silicon Valley company could “crack” cybersecurity systems, adding that the the technology poses a continuous challenge for key institutions. Speaking at an event in New York, Bailey suggested Mythos Claude, which was created by Anthropic, presented a threat to [...]
The rollercoaster ride for creditors chasing bankrupt theme park investor

April 15, 2026

It was billed as Britain’s answer to Disneyland Paris. Unveiled in 2012, plans for the vast 900-acre theme park in Kent dazzled locals with boasts of building Europe’s largest indoor water park, a host of Mission Impossible-themed rollercoasters and the creation of 27,000 jobs. Hollywood giant Paramount ramped up the excitement, announcing it would be [...]

Franco Manca and Real Greek owner slumps to £14m loss as boss quits

Brentford in talks to host Shakhtar Donetsk Champions League fixtures

New City venue rethinks competitive socialising… again

By: Mauricio Alencar

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