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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FTSE 100 Live: Stocks soar as Trump claims ‘victory’ in Iran; Economists clash on inflation

March 25, 2026

Welcome back to the City AM liveblog. Fresh figures this morning revealed inflation rose three per cent in the year to February 2026, unchanged from the 12 months to January 2026. Grant Fitzner said: “The largest upwards driver was the price of clothing, which rose this month but fell a year ago. “This was offset [...]
Unemployment is rising and top bosses want to do something about it

March 25, 2026

Business giants have come together to find ways of hiring more people currently out of work as private sector bosses move to play a more active role in improving the state of the UK labour market. Company chiefs from the likes of BT, Shell, Marks & Spencer and Pret have joined a new, non-governmental ‘Employer [...]
Bank of England chief economist: Interest rates can ‘contain’ inflation

March 24, 2026

The chief economist at the Bank of England has said interest rates can “contain” inflation as he vowed to act against the damaging effects of the war in Iran. Huw Pill, a member of the Bank’s Monetary Policy Committee, said he was focused on getting price growth down to two per cent in the medium [...]
UK economy facing ‘pronounced recession’

March 24, 2026

The war in the Middle East is “stalling growth” in the UK economy, fresh data has shown, as economists warned that a “pronounced recession” will come if energy prices stay high. A monthly survey of business activity across the country has suggested that there was a slowdown in output as well as a fall in [...]
Reeves pledges targeted support as she blasts Liz Truss’ £40bn energy bailout

March 24, 2026

Chancellor Rachel Reeves hit out at a Tory government-era energy support package that cost around £40bn in a further indication that any Labour scheme would only be for the poorest households. In an address to the House of Commons, Reeves said there were “contingency plans” being drafted for different scenarios where energy prices stay higher [...]
UK recession is ‘real possibility’ as Reeves meets City analysts

March 24, 2026

The UK economy faces a “real possibility” of falling into a recession, a City economist has warned, as Chancellor Rachel Reeves and pensions minister Torsten Bell met with gilt analysts to discuss the shock from the war in the Middle East. The Chancellor invited top economists from firms key to the gilt markets to the [...]
Manic Monday: How Trump rocked global markets

March 23, 2026

President Donald Trump sent global markets on a rollercoaster ride as traders were left stunned by mixed messages coming from the US administration and the Iranian regime. The Brent Crude oil price was trading around $114 per barrel before Trump said in a post on Truth Social that he was pausing strikes due to “productive” [...]
Starmer admits defence upgrade doesn’t have enough funding

March 23, 2026

Sir Keir Starmer has admitted the government’s proposed defence plan does not have enough as he vowed to “resolve” the rift between the Treasury and the Ministry of Defence. The Prime Minister admitted a target to raise spending on defence from 2.5 per cent of GDP in 2027 to 3.5 per cent in 2035 required [...]
How the Bank of England will read into outdated inflation data

March 23, 2026

Can data be redundant? The Office for National Statistics will this week give the impression that inflation is stable. Economists have predicted the consumer price index inflation print for the year to February to come in at three per cent, like last month, which would have otherwise made for satisfactory reading. But the figures precede [...]
MoD looks to hire AI chief on £185,000 – just don’t use it in your application

March 23, 2026

The Ministry of Defence is on the search for a new AI chief to put the UK on a tech war footing. The MoD said its new chief AI officer would be in charge of leading an in-house technology centre and bringing AI into operation across the military for “maximum impact”. The London-based job will [...]

Could Burnham be the answer to free-to-air sport for all?

Could Burnham be the answer to free-to-air sport for all?

The best wine to take to a picnic in the sun

By: Mauricio Alencar

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