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 adviser slams ‘growth in every postcode’ pledge

September 22, 2026

Andy Burnham’s pledge to deliver “growth in every postcode” will result in “wasted taxpayer money and create political problems”, according to one the PM’s most valued economic advisers. Jim O’Neill, who was tipped to take an official role in Burnham’s government, said the Prime Minister should focus on getting gilt yields to fall by 150 [...]
‘Worryingly large’: Labour’s debt cost racks up to £200bn

September 22, 2026

More than £200bn has now been spent on covering government debt since Labour came into power, official figures show, reflecting the pressure bond traders have put on public finances in the last two years. Analysis of public finances data by City AM shows that debt interest payable to the government’s lenders in bond markets since [...]
‘Dismal’: Blow to Healey as government borrowing overshoots by billions

September 22, 2026

Chancellor John Healey has missed key targets on government borrowing ahead of his inaugural Budget after the UK borrowed more than economists forecast in August. The Office for National Statistics (ONS) said borrowing in August was £18.3bn, which was about £3.5bn above a prediction by the Office for Budget Responsibility and overshot market predictions. The [...]
Finance chiefs lobby Healey to protect City from fresh tax grab

September 22, 2026

City chiefs have warned against a tax grab on financial services and called on ministers to simplify Britain’s “byzantine” tax system, as fears mount that the Chancellor will use his maiden budget next month to launch another raid on the private sector. The Square Mile’s top industry body, TheCityUK, which counts the UK’s biggest banks [...]
Davey calls for AI ‘pause’ as Burnham inks US-UK tech deal

September 21, 2026

Liberal Democrats leader Sir Ed Davey has called for the government to spearhead a treaty that would “press pause on super-intelligent AI” just as Andy Burnham unveiled a deal with President Trump to advance engagement on the technology. Davey is set to tell party members on Tuesday that the UK could be home to an [...]
Burnham to meet Trump amid Iran war’s inflation spike

September 21, 2026

Andy Burnham is set to meet President Donald Trump face-to-face for the first time against the backdrop of the Iran war pushing inflation up to above four per cent within months. On his trip to the United Nations General Assembly in New York, Burnham will meet Trump and several other world leaders. Burnham’s meeting with [...]
Interest rates look set to be held amid bond market pressure

September 17, 2026

The Bank of England is expected to leave Interest rates unchanged even as bond traders raised expectations for upcoming hikes and the Federal Reserve opted to tighten monetary policy in the US. The Bank’s nine-member Monetary Policy Committee is expected to back leaving interest rates at 3.75 per cent although policymakers are set to be [...]
Sir James Cleverly: London needs its mojo back

September 17, 2026

Council takeovers in Westminster and Wandsworth have offered the Tories a new confidence boost in London. Sir James Cleverly, once close to becoming party leader, speaks to Maurício Alencar about his ambition to lead the Conservatives into the next London mayoral election in 2028. Unprompted, Sir James Cleverly insists it’s “nonsense” that London is a [...]
Wandsworth Council plans 94 per cent tax rise after Rayner’s cuts

September 16, 2026

Wandsworth Council has announced taxes will rise by 94 per cent for Band D residents after local leaders hit out at the government for cutting funding by £84m a year. The local authority, regularly dubbed Margaret Thatcher’s favourite council because of its historically low-levels of council tax, will make Band D council taxpayers stump up [...]
Haldane warns Burnham on ‘tax-and-spend socialists with better TikTok videos’

September 16, 2026

Former Bank of England chief economist Andy Haldane has warned Prime Minister Andy Burnham that markets believe he is presiding over a “traditional tax and spend socialist government with better Tiktok videos”. Haldane, who advised Burnham before he returned to Westminster earlier this year, said the government’s “Achilles’ heel” was its inability to cut public [...]

Stamp out pension tax speculation or risk another cash grab, industry warns Healey

Sadiq Khan ready to discuss ‘any credible proposal’ from West Ham for London Stadium

Leapmotor B03X: The Small Electric SUV That Makes Sense for London

By: Maurício Alencar

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