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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London local elections 2026: Who will win in the borough of Tower Hamlets?

May 6, 2026

CLICK HERE to view all the latest London election results Tower Hamlets has become something of a controversial area in London with its own council difficulties and division over the proliferation of LTNs. Will Aspire retain the council or could the Greens persuade voters to back its national electoral drive? Tower Hamlets is where fractured [...]
London local elections 2026: Who will win in the borough of Sutton?

May 6, 2026

Sutton Council has become a reliable winner for the Liberal Democrats. But with pothole problems, accusations of toxicity and manoeuvres from Reform, could this council bring a surprise result? Sutton has become something of the Liberal Democrats’ stomping ground, winning majorities over several decades. Labour has tailed off in third along with independents while the [...]
Businesses cut jobs for 19 consecutive months yet ‘growth holds up’

May 6, 2026

Businesses have now cut jobs for 19 consecutive months as researchers warned that higher payroll costs and productivity gains have forced employers in the services sector to rethink hiring plans. Results from S&P Global’s purchasing managers’ index (PMI) suggested that lower staffing numbers across the UK’s dominant services sector have been recorded in each month [...]
London local elections 2026: Who will win in the borough of Camden?

May 6, 2026

CLICK HERE to view all the latest London election results Sir Keir Starmer will be looking closely at how results pan out in his own backyard given his constituency in Holborn and St Pancras. Could the Greens or Lib Dems put Labour’s control under threat given the prominence of issues such as Gaza, planning and [...]
Exclusive: OBR calculations suggest Reeves set for borrowing spree

May 6, 2026

The Office for Budget Responsibility’s own calculations on the impact of a war in the Middle East suggest that Rachel Reeves is set to oversee a surge in borrowing, City AM has found. Sir Keir Starmer and Reeves have said that the government’s focus on “stability” has added protections to public finances and helped the [...]
Trump officials claim Iran is ‘weaponising global trade’

May 5, 2026

The United States’ most senior military officer has warned that Iran’s sustained assault on commercial shipping threatens to destabilise the world economy, accusing the country’s leadership of deliberately weaponising the global supply chain. General Dan Caine, the former venture capitalist currently serving as chairman of the US joint chiefs of staff, made a stark intervention [...]
Rachel Reeves battled Scott Bessent over Iran war

May 5, 2026

Chancellor Rachel Reeves sparred with Donald Trump’s Treasury secretary Scott Bessent over the US’s attacks on Iran, it has been reported. During her stay in Washington DC for meetings at the International Monetary Fund last month, Reeves hit out at the Trump official for “how he had spoken to her.” The two sparred over the [...]
Donald Tusk says Nato is falling apart

May 2, 2026

Poland’s prime minister Donald Tusk has said Nato is suffering from an “ongoing disintegration” amid pressures on governments to increase defence spending. In a post on X, the former EU council president indicated a war of words between President Trump and Chancellor Merz of Germany, which led to the US taking 5,000 soldiers out of [...]
UK at ‘greatest risk’ of jet fuel shortage as flights to be cancelled

May 2, 2026

Ministers are set to warn the British public that flight cancellations will hit summer holiday plans as new research suggested that the UK is more exposed to jet fuel shortages than other European countries. Heidi Alexander, the transport secretary, is set to tell Brits that there could be flight cancellations this year as she will [...]
BP eyes North Sea exit as tax load bites

May 2, 2026

BP is reportedly eyeing a potential exit from the North Sea as the tax load on energy companies seems unlikely to be eased with the Iran war. The UK oil giant is considering either ceasing or partially winding down operations in the North Sea, according to Bloomberg, as part of an effort to strip assets [...]

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By: Maurício Alencar

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