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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‘Unsustainable’ – Iceland boss and Labour peer calls for end of triple lock pension

June 12, 2026

Lord Walker, the influential Iceland boss who was made a Labour peer, has called for the triple lock pension to be scrapped as the mechanism was “profoundly unfair”. In a debate on welfare reform in the House of Lords, Walker added to a growing number of economists and political figures calling for the state pension [...]
UK economy falters as deeper damage to growth to come

June 12, 2026

The UK economy lost momentum in April, official data has revealed, as the energy price shock from the Iran war took its toll on businesses and consumers. The Office for National Statistics said GDP declined by 0.1 per cent in April. The services sector contracted by 0.2 per cent while manufacturing output did not post [...]
As it happened: FTSE 100 rises as easing Iran tensions offset GDP blow; SpaceX set for blast off

June 12, 2026

Welcome back to the City AM liveblog. Global equity investors are bracing for Musk’s record-breaking market debut SpaceX is set to begin trading on Nasdaq today after Elon Musk’s rocket, satellite and AI empire pulled off the largest IPO in market history. The company raised $75bn after pricing shares at $135, giving it a $1.77 [...]
As it happened: Starmer dealt defence blow as investors react

June 11, 2026

This was the City AM liveblog on Thursday 11 June. John Healey resigned as defence secretary over a lack of funding for the armed forces, heaping pressure on Sir Keir Starmer. Industry officials reacted with regret and paid tribute to Healey. The FTSE 100 also climbed on Thursday to defy fresh tensions between Iran and [...]
Burnham rows back on £10bn Waspi women offer

June 11, 2026

Andy Burnham has rowed back on an apparent offer to consider a £10.5bn payout for Waspi women, a group of female pensioners who argue that they were not told about a rise in the state pension age. Burnham had told activists that he would “stick by the Waspi women – Women Against State Pension Inequality [...]
Truth bomb: Defence secretary John Healey resigns over funding battles

June 11, 2026

John Healey has resigned as defence secretary after months of tension with Sir Keir Starmer over funding for an uplift in spending on the armed forces. In a letter to the Prime Minister, Healey said the government’s draft for the Defence Investment Plan (DIP) “falls well short of what is required for defence and the [...]
Reeves aims to lure US workers through tax reform

June 11, 2026

Chancellor Rachel Reeves is considering a tax break for US workers by introducing fresh reform, reflecting her drive to lure more wealthy migrants despite a wider crackdown on immigration. The government has launched a consultation on the double taxation for investors who may be based in the UK but who work for US firms that [...]
One in three defence firms ‘can’t find graduates to hire’

June 11, 2026

Nearly one in three defence firms can’t find graduates to hire despite a youth unemployment crisis, a new report has found, as universities have been urged to work more closely with businesses. Research by the University of Manchester and CBI Economics has suggested that skills shortages among young people has made it more difficult for [...]
Reform UK vows to raise VAT threshold to £150,000

June 10, 2026

Reform UK has announced it would raise the VAT threshold for small businesses from £90,000 to £150,000 despite long-running debates over the cost and benefits of reforming the tax. Reform announced on Wednesday it would create a “fair deal for the White Van man” by increasing the VAT registration threshold to £150,000. The party said [...]
Starmer dodges questions on funding for defence spending

June 10, 2026

Sir Keir Starmer dodged several questions over funding for an uplift in defence spending as he appeared to suggest that the full defence investment plan will take weeks to be published. Starmer refused to confirm the publication date for a 10-year blueprint on defence spending as he stuck to a commitment that it would be [...]

Healey hails ‘new age of industrialisation’ brought by Royal Navy

Should Vuori ditch Draper over injury-hit tennis season?

Two countries, one holiday: Turkey’s glitzy Bodrum and Greece’s unbuttoned Kos

By: Maurício Alencar

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