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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UK exports forecast downgraded as Labour fails to kickstart trade

December 11, 2025

British export growth will fall by almost half next year, a business forecaster has said, with Labour’s string of deals failing to improve hopes of a revival in international trade. The Labour government has made trade a key lever to boost growth prospects, using new deals with the likes of the EU and India to [...]
Labour rail pledge in doubt after £3bn private contract to run London Overground

December 11, 2025

London Mayor Said Khan has caused a row within the Labour party after First Group was awarded a £3bn deal to operate the London Overground, a move which seemingly flies in the face of Labour’s manifesto commitment to bring railways back into public ownership. On Tuesday the London-listed transport group revealed that it would begin [...]
Brits may have to hand over social media profiles to visit US

December 10, 2025

US officials will vet the social media activity of Brits travelling into the US as President Trump increasingly turns his fire on a “decaying” and “weak” Europe. Those planning to visit on short term Esta visas would have to give personal details of family members, including dates and places of birth, and phone numbers used [...]
Rachel Reeves: Leak to the FT was inaccurate

December 10, 2025

Chancellor Rachel Reeves slammed briefings provided to media outlets in the lead-up to the Budget as she referred to a specific Financial Times news report which had “partial and inaccurate” information. In a Treasury Select Committee hearing on Wednesday morning, the Chancellor hit out at leaks in the months leading up to the Budget, adding [...]
FTSE 100 Live: Reeves scrutinised, Fed interest rates decision, stocks suffer

December 10, 2025

Good morning and welcome back to the City AM liveblog covering the FTSE 100 and other big market moves. Rachel Reeves is set for a showdown with MPs on the Treasury Select Committee later today while the Federal Reserve is expected to slash interest rates by 25 basis points by the evening. Reeves will begin [...]
Asylum seekers’ cost to taxpayer is unknown, public auditor says

December 10, 2025

The full cost of asylum to the British taxpayer is unknown as the government has not processed data on how much local authorities spend on migrants, the National Audit Office (NAO) has said. In a broad report mapping out asylum seekers’ journeys through the UK’s legal systems and support structures, public auditors found that there [...]
Interest rates: Bank of England hawks to ‘look through’ Budget’s disinflation

December 9, 2025

Bank of England policymakers struck a hawkish tone on the future path of interest rates despite acknowledging that the upcoming Budget would lower inflation. Appearing before MPs on the Treasury Select Committee, Bank staff analysis agreed with the Office for Budget Responsibility (OBR) that measures in Rachel Reeves’ November statement would strip 0.5 percentage points [...]
UK property tax burden is fourth heaviest in OECD

December 9, 2025

The UK’s property tax burden is the fourth heaviest in the OECD’s list of 38 countries and it is more than double the average across the list of advanced economies. In a report on government revenue levels across most of the world’s largest economies, the OECD said the UK’s taxes on property as a percentage [...]
Reeves denies authorising Budget leaks

December 9, 2025

Chancellor Rachel Reeves has rejected accusations that she authorised leaks of the Budget to media outlets in the run-up to her statement, which led to sharp turns in bond markets and worsening business confidence. During Treasury Questions on Tuesday afternoon, Reeves was asked by her counterpart Mel Stride whether she authorised or allowed confidential details [...]
Budget chaos takes toll on October growth as ‘prospects remain poor’

December 9, 2025

The UK economy is expected to have grown by just 0.1 per cent in October as firms grappled with Budget speculation and uncertainty, analysts have said. A Bloomberg poll of City economists predicted the Office for National Statistics (ONS) will pencil in next to no growth for the month. The expected slowdown is set to [...]

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By: Mauricio Alencar

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