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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‘Dire’: Rapid decline in construction as sector slashes jobs

June 4, 2026

A rapid decline in construction companies’ activity has forced bosses to cut employment, according to new data. S&P Global’s construction purchasing managers’ index (PMI) showed that business activity declined at the fastest pace for six years. Putting the pandemic aside, the decline in construction output was the lowest since March 2009. The PMI reading was [...]
‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

June 4, 2026

The boss of the UK’s most influential business group will use a landmark speech to warn that the heavy business tax burden is nudging British firms towards a “tipping point”, directly linking the Labour government’s troubles to cost pressures on firms. At a speech for the Confederation of British Industry (CBI)’s business dinner, chief executive [...]
UK in line for fresh US tariff hit as Trump proposes ‘forced labour’ levy

June 3, 2026

Donald Trump has proposed a fresh round of tariffs that would hit numerous nations including the UK as the President seeks to rebuild his sweeping wall of levies that were struck down by the Supreme Court. The US is exploring a tariff of at least ten per cent on imports from up to 60 trading [...]
Labour turmoil and Iran war brings ‘reversal of fortunes’ for UK economy

June 3, 2026

A combination of feverish political speculation and knock on effects from the war in Iran has culminated in a “reversal of fortunes” for the UK economy, as new data suggests activity across the private sector declined in May. S&P Global’s monthly survey of hundreds of firms has shown that business across services companies declined in [...]
OECD: Growth to remain below one per cent as UK economy struggles with unemployment

June 3, 2026

What little growth the UK economy will experience this year will be fuelled by high government expenditure, according to the world’s top independent economic organisation. The OECD, the Organisation for Economic Co-operation and Development for long, said public expenditure would “support the economy” even as consumer spending and business investment is set to weaken. The [...]
Andrew Bailey warns on AI: ‘Everybody is currently priced to be a winner’

June 2, 2026

Bank of England governor Andrew Bailey has suggested that the UK’s growth hopes hinge on productivity gains from a mass AI technology roll-out although he warned that investment levels carried “substantial risks” for market prices. Bailey, who is also the head of the Financial Stability Board, an international body overseeing markets, echoed deputy governor Sarah [...]
Reeves warned Iran war oil shock will lead to government borrowing spike

June 2, 2026

Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran war as the Office for Budget Responsibility admitted it had underestimated the effects of the last energy price shock. In a review of its forecasting models, the OBR suggested it had learned lessons from Russia’s full-scale [...]
Is Zack Polanski’s honeymoon over?

June 2, 2026

Green Party leader Zack Polanski’s approval ratings have dived as scrutiny over his past experiences has put him in an awkward position. City AM/Freshwater Strategy polling has shown that Polanski’s approval ratings have dropped from a high of -5 in March to as low as -23 in this month’s data. On a monthly basis, his [...]
Replace Reeves if Starmer goes, voters tell Labour

June 2, 2026

Rachel Reeves should be replaced as Chancellor if Sir Keir Starmer is ousted in a Labour leadership contest, the majority of voters believe. Reeves’ team had told newspapers that she should stay on in order to maintain some stability if Starmer were defeated by Wes Streeting, Andy Burnham or another Labour leader contender in a [...]
‘Be more Trumpian’ – Mandelson discussed dire economy and ‘lack of verve’ with key Starmer ally

June 1, 2026

One of Keir Starmer’s closest allies hit out at Downing Street’s thinking on economic policy as he complained about the government’s push to tax people to pay for more benefits, the latest Mandelson files have revealed. Pat McFadden told Peter Mandelson in May last year that meetings he attended centred on questions about hiking taxes [...]

UK economy stuck in ‘slow lane’ as business investment to slump

FOMO drives Premier League clubs to new record summer spending of over £3bn

Lost Village festival review: is this posher than Wilderness?

By: Maurício Alencar

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