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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Criminal investigation launched into Mandelson’s Downing Street ‘leaks’

February 3, 2026

A criminal investigation has been launched into Peter Mandelson, according to reports. The news comes after the scandal-hit politician decided to step down from the House of Lords following fresh pressure on the Labour veteran after the latest bombshell drop of the Epstein files. The Lord Speaker said on Tuesday afternoon Mandelson would exit the [...]
Bank of England should hold interest rates, City AM Shadow MPC says

February 3, 2026

The Bank of England should hold interest rates to get inflation back down to two per cent, City AM’s Shadow Monetary Policy Committee has said, as policymakers find insufficient evidence to lower borrowing costs. The nine economists, who responded independently from their respective organisations, said recent data on price growth should be treated cautiously by [...]
Starmer hands police details on Mandelson alleged leaks to Epstein

February 3, 2026

Keir Starmer has shared government assessments on Lord Peter Mandelson’s alleged leaking of sensitive information to Jefrrey Epstein with the police after it was confirmed that several parties, including Nigel Farage’s Reform UK, had referred the matter to the authorities. The Cabinet Office shared details on emails from the former business secretary to the paedophile [...]
Farage’s Reform UK backtracks on key benefits policy to support pubs

February 3, 2026

Nigel Farage’s Reform UK has ditched its backing of Labour to support the scrapping of the two-child benefit cap as it set out policies to back pubs facing rising costs. In May last year, Farage said the party backed lifting the two-child benefit cap as part of a string of proposals to boost birth rates [...]
Badenoch: Starmer put UK in ‘weaker position’ through deals with China

February 3, 2026

Opposition leader Kemi Badenoch has said Keir Starmer’s trip to China put the UK in a “weaker position”, underlining the different approaches taken by the two main parties in dealing with the world’s second largest economy. Badenoch, who previously said she would not travel to China under the current circumstances, said Starmer had “been played” [...]
Tories gain on Reform in polls yet Badenoch struggles for approval

February 3, 2026

The Conservatives have slightly narrowed Reform UK’s polling lead though Opposition leader Kemi Badenoch suffered a setback with a sharp decrease in approval ratings over the last month. The Tories now lead Labour by five percentage points and trail Nigel Farage’s party by eight points in City AM/Freshwater Strategy’s monthly poll. Reform UK enjoy 30 [...]
Tories issue challenge against Trump’s ‘mistake’ on trade

February 2, 2026

The Conservatives have issued a direct challenge to President Trump on the benefits of free trade as shadow Chancellor Mel Stride said tariffs risked undermining transatlantic relations. In a speech at a conference hosted by British-American Business, Stride argued that free trade was “worth defending” as he took aim at President Trump’s protectionist policies. He [...]
Employment falls despite manufacturing output hitting new high

February 2, 2026

Employment across the manufacturing sector dropped despite output jumping to its highest level in 17 months, new data has shown. Manufacturers continued shedding staff due to high pay and tax pressures, according to S&P Global’s latest purchasing managers index (PMI). The poor reading for the labour market came in direct conflict with more positive results [...]
Arm boss says lack of risk appetite ‘holding UK back’

February 2, 2026

The chief executive of British semiconductor company Arm has said the UK’s lack of risk appetite is holding businesses back. Speaking on the Master Investor Podcast with Wilfred Frost, Rene Hass, who leads the Nasdaq-listed firm Arm holdings, said startups in the UK struggled to grow because of scale opportunities in the UK arising from [...]
Bank of England set to hold interest rates

January 31, 2026

The Bank of England is expected to hold interest rates at 3.75 per cent next week as policymakers continue to battle against sticky inflation. At the monetary policy committee (MPC)’s first meeting of the year, the Bank is expected to suggest it is too early to cut rates due to the lack of available data [...]

UK property taxes are highest in world – and they’re rising

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Is The Butcher’s Hook & Cleaver the City’s best pub?

By: Mauricio Alencar

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