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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Burnham complains Jackdaw and Rosebank approval delayed by ‘government process’

October 14, 2026

Approval for more oil and gas drilling at the North Sea sites Jackdaw and Rosebank have been delayed by “government process” and lengthy bureaucratic wrangling, Prime Minister Andy Burnham has said. Burnham told MPs that he would take a “pragmatic approach” on oil and gas drilling amid calls from energy bosses for drilling to go [...]
UK state growing at faster pace than France after spending splurge and tax hikes

October 14, 2026

The size of the British state is growing by a larger amount than any other G7 nation apart from Germany since the pandemic in 2020, figures on government spending from the International Monetary Fund have shown. The IMF’s latest report on countries’ fiscal outlook shows that UK government spending is set to rise by 5.2 [...]
Exclusive: Healey looks to lower business costs of hiring young people

October 14, 2026

Chancellor John Healey is drawing up measures to slash the cost of hiring under-25-year-olds at the Budget, City AM understands, as the government looks to tackle the crisis of youth unemployment and ease pressures facing businesses. A move to tackle the number of young people not in employment, education or training (Neets) by reducing hiring [...]
Most voters – and Londoners – back third runway at Heathrow

October 13, 2026

Almost half of the British electorate back a third runway at Heathrow airport, with Londoners among the biggest supporters, according to fresh research. City AM/Freshwater Strategy polling has shown that 46 per cent of voters support a new runway at Heathrow. The data revealed that 20 per cent opposed the expansion, while 32 per cent [...]
UK economy to suffer second-highest inflation in G7

October 13, 2026

The UK economy will suffer the second highest inflation of any G7 country over the next two years, the International Monetary Fund has warned, putting Chancellor John Healey’s efforts to ease the cost of living at risk. In its latest report published today, the global finance body has said that inflation will remain above the [...]
‘Economic anaesthetic’ of welfare spending dwarfed capital investment by £1.1 trillion

October 12, 2026

Spending on benefits for working-age people dwarfed investment in key infrastructure such as schools and trains by £1.1 trillion between 2006 and 2025, new research has found. The Centre for Social Justice said that spending on disability support and other forms of welfare racked up to £1.1 trillion more than capital expenditure in the same [...]
Brexit U-turn? Burnham says he is taking ‘pragmatic’ approach on EU

October 12, 2026

Prime Minister Andy Burnham has said he will take a “pragmatic” approach to boosting relations with the European Union just a fortnight after he suggested he could explore a full return to the world’s largest economic bloc. Burnham told MPs on Monday that a summit with EU leaders would take place on 20 November, where [...]
‘New Keynesian’ economists win Nobel prize

October 12, 2026

Two American economists who research price stabilisation across global economies have won the Nobel prize for economics. Robert E. Hall and Michael Woodford were the joint winners of the prestigious award officially called “The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”. Hall and Woodford’s research on forecasting has influenced policymakers when [...]
Triple lock reform and scrapping IHT: Voters give thumbs up to Labour and Tory policies

October 12, 2026

Andy Burnham’s pledge to reform the state pension triple lock and Kemi Badenoch’s plan to scrap inheritance taxes on family homes have both received a stamp of approval from voters, new polling has shown. The latest City AM/Freshwater Strategy poll of UK voters showed that the British public back the major policies announced by the [...]
Oil prices waver as Trump pushes for dubious Ukraine-Russia ‘ceasefire’

October 12, 2026

Oil prices remained above the $100 mark on Monday morning after President Trump hailed a deal with Russia’s President Putin that would lead to the supply of millions of barrels of diesel to the US and global markets. Brent crude oil futures, a benchmark for international prices, fell by about 0.6 per cent to $104 [...]

Was the transfer window impacted by UK tax rules?

Was the transfer window impacted by UK tax rules?

These are the best literary hotels in Europe

By: Maurício Alencar

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