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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OBR warns Healey: Stealth taxes to blame for living standards slump

November 4, 2026

Stealth taxes are one of three main reasons that British households are set to suffer near-stagnant disposable income growth in the current decade, the government’s budget watchdog has said. Office for Budget Responsibility chief Professor David Miles said that fiscal drag, whereby a freeze on income thresholds pulled more people into higher tax rates as [...]
Haigh refuses to say when Labour will ‘get welfare bill down’

November 4, 2026

Andy Burnham’s deputy Louise Haigh refused to say when Labour will “get the welfare bill down” while adding the government would aim to “invest in success” when asked whether more taxes would cover increases in the benefits bill. Haigh, who is referred to as the Prime Minister’s “enforcer” and stood in for Deputy Prime Minister’s [...]
Bank of England set for ‘further interest rate hikes’ as businesses boost jobs

November 4, 2026

The Bank of England is likely to raise interest rates several times in the coming months after businesses increased their headcount for the first time in over two years, analysts have predicted. Survey figures released by S&P Global, which are closely monitored by government officials and central bankers, showed stronger activity across services firms. [...]
City AM Shadow MPC urges Bank of England to hike interest rates

November 4, 2026

The Bank of England should raise interest rates on Thursday in order to “protect credibility” and stamp out any risks of inflation spiralling out of control, top economists have said. City AM’s Shadow Monetary Policy Committee, which consists of leading economists across industry and academia, has called on the Bank to lift interest rates by [...]
Minimum wage hikes push up cost of employing a single worker ‘by over £4,000’

November 3, 2026

Minimum wage increases brought forward by the Labour government have pushed up the annual cost of employing a single worker by over £4,000, new analysis has shown, adding to a mountain of cost pressures facing businesses. Estimates by the Centre for Policy Studies, a free-market think tank, found that between 2024 and 2027 the annual [...]
Healey corrects Treasury colleague as he confirms employers are ‘working people’

November 3, 2026

John Healey has distanced himself from remarks made by his colleague, the Treasury minister Emma Reynolds, as he confirmed employers did count as working people. Over the weekend, Reynolds told broadcasters that she did not believe employers counted as “working people” under the Labour manifesto’s definition as “they are companies”. She added that there was [...]
Mortgage squeeze looms for millions as more families ‘financially strained’

November 3, 2026

More people are feeling a financial strain than at any other time in the last two years, polling has shown, with a rise in mortgage bills set to put household budgets under greater pressure. New City AM/Freshwater Strategy polling has suggested that half of mortgage holders will come off fixed-rate deals by the end of [...]
Jenrick lends support to Poundland suitors

November 3, 2026

Reform UK’s economic spokesman Robert Jenrick has revealed he is supporting potential bidders for discount retailer Poundland as he criticised the group’s “greedy” owner Gordon Brothers for pushing the business towards insolvency. Over the weekend, Jenrick suggested the government should intervene in the possible insolvency of Poundland, which would put some 12,000 jobs at risk, [...]
Voters expect ‘no difference’ to UK economy after Healey’s modest Budget

November 3, 2026

John Healey’s Budget will make “no difference” to the UK economy, voters have said, as concerns over stealth taxes and defence spending overshadowed a series of giveaways in the Chancellor’s maiden fiscal statement. Polling by City AM/Freshwater Strategy showed that about half of voters expected the Budget to make “no difference” to Britain’s economic fortunes. [...]
Mahmood waters down migration rules for care workers in £10bn gamble

November 2, 2026

Home secretary Shabana Mahmood has watered down migration rules for care workers after backlash from Labour MPs, although high earners will benefit from faster routes to settlement in the UK. The home secretary confirmed plans to allow some entrepreneurs, scientists and workers earning above £125,141 a year to be granted settled status rights after three [...]

Orange or CMA CGM: Who could replace Altrad as France Rugby’s shirt partner?

Orange or CMA CGM: Who could replace Altrad as France Rugby’s shirt partner?

The Capitalist: City AM reporter gets royal trashing by AI slop

By: Maurício Alencar

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