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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Inflation expectations eased before Middle East energy crisis

March 5, 2026

Inflation expectations among UK firms eased before President Trump launched a war against Iran, which has sent oil and gas prices spiralling and spooked financial markets. The Bank of England revealed in its latest decision makers’ panel survey that company directors expected price growth to be 3.3 per cent in the next year when asked [...]
Starmer vows to ‘resist pressure’ over Iran policy amid criticism of UK response

March 5, 2026

Sir Keir Starmer has vowed to “resist” pressure on the UK’s response to the conflict with Iran as he defended Britain’s “level-headed” military response. In a press conference on Thursday, Starmer suggested President Trump had left the Middle East “plunged into chaos” with his attack on the Iranian regime over the weekend. He said the [...]
Greg Jackson urges Labour to exploit North Sea oil as UK ‘stares down barrel’ of energy price shock

March 5, 2026

Octopus founder and government adviser Greg Jackson has urged Labour to “use what’s available” in the North Sea and rethink its key net zero policies. Jackson said the county was “staring down the barrel” of an energy price shock in light of the conflict in the Middle East. The Octopus chief executive who is also [...]
Construction hit by wet weather as low housebuilding weakens output

March 5, 2026

The construction sector was hit by “exceptionally wet weather” in February that caused delays and led to a decline in output, new research has shown. S&P Global’s purchasing managers’ index (PMI) showed the beleaguered sector suffered from an “accelerated downturn” in output last month. The construction PMI dropped to 44.5, below the 50-figure mark for [...]
Defence boosts Serco amid asylum hotel decline

March 5, 2026

Government defence contracts helped Serco deliver a higher profit in 2025 despite a drop in the use of migrant hotels, once a key revenue stream for the London-listed company. Serco, an outsourcing company that covers government work on everything from migrant hotels to waste collection, was boosted by higher state expenditure both in the UK [...]
Bank of England could raise interest rates over Iran energy price shock

March 4, 2026

The Bank of England could raise interest rates this year if energy prices fail to return to levels seen before the start of America’s war with Iran, leading economists have warned. Analysts across the City and at Westminster think tanks have suggested that higher inflation caused by disruption in oil and gas movements across the [...]
US warns 15 per cent tariffs to come this week

March 4, 2026

US treasury secretary Scott Bessent has warned that the administration’s plans for a higher universal 15 per cent tariff could come into effect this week. Bessent said the new baseline tariff rate would come in “likely some time this week” in an interview on Wednesday. The US implemented its 10 per cent tariff rate last [...]
Starmer refuses to reveal date of defence investment plan

March 4, 2026

Sir Keir Starmer hit back at criticism the UK government was not spending enough on defence amid an escalating conflict in the Middle East putting RAF jets and British nationals at risk. The Prime Minister declined to reveal when the much-anticipated defence investment plan would be published as Kemi Badenoch centred her attacks on the [...]
Labour MP’s partner among three arrested in China spy probe

March 4, 2026

Three men, including a partner of a Labour MP, have been arrested on suspicion of spying for China. The Metropolitan Police revealed on Wednesday that the men, aged 39, 43 and 68, were arrested in London and Wales as part of a counter-terrorism policing investigation under the National Security Act. One of those arrested, David [...]
Living standards to be ‘far bleaker’ after 2026 despite Reeves’ claims

March 4, 2026

UK living standards are projected to drop in the two years before the next General Election as economists warned people were heading for “far bleaker” times ahead, turning up the heat on Chancellor Rachel Reeves to deliver on a commitment to ease the cost of living. Economists at the Resolution Foundation, the left-leaning Westminster think [...]

Rachel Reeves reforms ring-fencing in boost to Natwest and Lloyds

London Sports Festival Serves Up Pickleball in New Street Square

London Sports Festival Serves Up Pickleball in New Street Square

By: Mauricio Alencar

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