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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CBI chair condemns ‘incoherence’ of Labour’s Employment Rights Bill

November 24, 2025

Rupert Soames, the outgoing chair of the Confederation of British Industry, has lambasted the Labour government for promising to cut regulatory burdens while pushing ahead with its Employment Rights Bill and adding to the cost of hiring. In a closing speech at the CBI’s annual conference on Monday, Soames questioned the government’s performance and “flakey [...]
Welfare system in ‘crisis’ as number of Brits on out-of-work benefits exceeds 5m

November 24, 2025

The number of people claiming benefits with no requirement to work has increased beyond 5m, new analysis has found, amid fresh calls for the government to tackle welfare reform in the near term. Analysis by the Centre for Social Justice has estimated that the total number of people on Universal Credit and those on Employment [...]
OBR to downgrade growth forecasts ‘in every year’ to 2030

November 24, 2025

The Office for Budget Responsibility (OBR) is set to downgrade growth forecasts at the Budget this week for every year of the forecast period amid revisions to trend productivity projections. Sky News reports that the OBR is expected to cut its growth predictions, which have been more optimistic than those published by City forecasters, in [...]
Peter Kyle: We will not pit businesses against unions

November 24, 2025

Peter Kyle has said businesses can contribute to more than two dozen consultations around sweeping measures in the Employment Rights Bill to make themselves heard on extra regulatory costs as the business secretary launched a defence of union bosses’ contributions to reforms. Speaking to an audience of business leaders at the Confederation of British Industry [...]
Bosses warn Reeves against ‘stop-start economy’

November 24, 2025

The boss of one of the UK’s largest industry groups has called on Chancellor Rachel Reeves to avoid taking measures that lock in the country’s “stop-start economy” in a pre-Budget speech ratcheting up pressure on the government to unleash growth. In a landmark speech on Monday, Rain Newton-Smith, the chief executive of the Confederation of [...]
Everything we know about Rachel Reeves’ Budget – from mansions to milkshakes

November 24, 2025

In the run-up to the mother of all Autumn Budgets to be delivered by Chancellor Rachel Reeves this week, tax rumours have run wild, infecting the minds of businesses and working Brits while adding to the sense of peril that a botched fiscal event could bring. Investors are running scared. Voters fear looming betrayal. Gamblers [...]
Rachel Reeves to slap wealth tax on £2m homes

November 24, 2025

Rachel Reeves will reportedly impose a property levy on homes worth more than £2m, hitting 100,000 properties with a new wealth tax that is expected to raise just £450m. The Chancellor is in the final phase of Budget preparations, with measures expected to include some more complex changes to the UK tax regime as she [...]
FTSE 100 Live: Nvidia invests in Revolut, M&C Saatchi, S4C shares tumble

November 24, 2025

Good morning from the City AM liveblog team. Rachel Reeves is set to plug a looming £30bn hole in the public finances with a “dog’s breakfast” of tax hikes, according to new analysis. The Institute of Economic Affairs warns that the gap will likely be addressed by combining broad-based income tax rises with a patchwork [...]
Polanski ‘tempted’ to challenge Starmer for parliamentary seat

November 23, 2025

Zack Polanski has said it would be “tempting” to challenge Keir Starmer for his parliamentary seat. Green Party leader Polanski, who is a member of the London Assembly but not an MP, was asked about a poll that suggested his party could take the Prime Minister’s Holborn and St Pancras seat and whether he would [...]
Reeves accused of ‘fiscal fandango’ amid OBR forecast changes

November 23, 2025

The Bank of England’s former chief economist Andy Haldane has accused Rachel Reeves of overseeing “fiscal fandango” in the lead-up to the Budget amid months of speculation around expected tax rises. Speaking to the BBC, Haldane blasted months of speculation around the Budget that had caused “paralysis” in the UK economy. His comments came days [...]

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By: Mauricio Alencar

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