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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Students urged to rethink idea of a ‘safe job’ as Labour pledges major education reform

July 28, 2026

A Cabinet minister has warned young people against depending on “safe and secure jobs” as Andy Burnham announced that children as young as 14 will get access to technical education. Pat McFadden, the work and pensions secretary, has said that changes to the education system were “more urgent” given disruption to the jobs market from [...]
‘Moron premium’ – Westminster turmoil has ‘cost taxpayers £35bn’ since 2022

July 28, 2026

Secretive plotters and vengeful strategists in Westminster have cost taxpayers around £35bn since 2020, new research by one of the world’s top insurance companies has found. In a study into the costs of political fragility facing European governments, researchers at Allianz Trade found that the UK government continued to pay a “distinct political premium” due [...]
Industry hits out at rumours as No 10 denies plan to abolish stamp duty and council tax

July 27, 2026

Andy Burnham is “not considering” scrapping stamp duty and council tax, Downing Street has said, as the government moves to pour cold water on rumours of major tax changes that had spooked property sector leaders. Business chiefs condemned the government over the danger of property tax speculation after reports over the weekend suggested that Burnham [...]
Burnham and Healey face investor fury over summer of tax speculation

July 27, 2026

Andy Burnham and John Healey are contending with a growing backlash from investors after another summer of tax speculation looks set to leave financial managers on edge. The chief executive of one of the UK’s biggest investment platforms, AJ Bell, urged Chancellor Healey to take a more emphatic approach on ruling out tax hikes across [...]
Exclusive: Jobs lost across Labour’s ‘growth potential’ sectors in blow to Burnham

July 27, 2026

In a blow to the government’s plans to boost employment, eight sectors previously identified as having high growth potential in Labour’s industrial strategy have suffered job losses, according to a report seen by City AM. The so-called ‘IS-8’ sectors, which include life sciences, financial services and defence, were singled out by the UK government last [...]
Burnham backs plan to pump £1bn pension funds into start-ups

July 27, 2026

Andy Burnham’s government is set to spearhead a new £1bn fund that will channel cash from some of the country’s biggest pension schemes into start-ups. Pension funds including Nest, the workplace scheme set up by the government, Railpen, Border to Coast and the Local Pensions Partnership Investments (LPPI) are set to back the new government-led [...]
Scotland’s tax hike may have backfired as receipt falls

July 26, 2026

The Scottish government’s decision to raise the top rate of income tax may have backfired, according to analysis by the lawyer Dan Neidle. Neidle’s research on tax data suggested that a decision to increase the top income tax rate to 48 per cent led to lower receipts. HMRC data from 2024-25 suggested that the Scottish [...]
Bank of England to hold interest rates as oil price surge threatens UK economy

July 26, 2026

The Bank of England is expected to hold interest rates in a split vote on Thursday yet a surge in oil prices could complicate the crucial decision. The Bank’s Monetary Policy Committee is widely expected to leave interest rates unchanged at 3.75 per cent. Analysts believe that two members, Huw Pill and Megan Greene, could [...]
Burnham ‘aware’ of Healey’s extra £9bn spending demands

July 26, 2026

Andy Burnham has said he was “very aware” of John Healey’s demand to spend at least £9bn more a year on defence when he appointed him as Chancellor. The Prime Minister has said he would ensure Sir Keir Starmer’s Defence Investment Plan (Dip) was “fully funded” in an interview with the BBC as his “first [...]
‘Dwarfed by other costs’ – Why cutting business rates for pubs won’t save the sector

July 24, 2026

Andy Burnham has unveiled his long-awaited support for the UK’s struggling pubs, but the hospitality industry is contending with far more pressures than just business rates Andy Burnham’s pledge to cut business rates for pubs, clubs and music venues is expected to save each venue more than £1,000 next year in a move that comes [...]

Why Healey will miss a £25bn bonus from better productivity

Landmark Royal Antwerp case is another test of EU’s appetite to help football consumers

Does the Range Rover Sport Electric have the harder job?

By: Maurício Alencar

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