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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Labour’s stance on China prioritises ‘politeness over security’

November 2, 2026

The Labour government’s approach to relations with China prioritises “diplomatic politeness over the UK’s national security,” a cross-party committee of MPs has found. A new report by the Business, Innovation, Science and Trade Committee warned the government’s stance on the world’s second largest economy had put the UK’s security at risk. MPs agreed that the [...]
Labour races ahead of Reform and Tories with eight-point lead

November 2, 2026

Labour has raced further ahead of Reform UK and the Conservatives, creating an eight-point gap in the polls in November. City AM/Freshwater Strategy polling has shown that 30 per cent of voters backed Labour, compared to 22 per cent for Reform UK and the Conservatives. The wider distance between Labour and its two main political [...]
‘Nailed on’: Bank of England expected to hike interest rates

October 30, 2026

The Bank of England is expected to hike interest rates next week as policymakers battle to stamp on inflationary pressures building in the UK economy. City analysts have predicted that the Bank’s Monetary Policy Committee will vote to raise interest rates from 3.75 per cent to four per cent. The Bank has been closely monitoring [...]
Rising welfare bill set to ‘swallow’ stealth tax revenue

October 29, 2026

Rising benefit costs will “swallow” all the revenue from frozen tax thresholds that are dragging millions of workers into paying higher rates, analysis has found. The Centre for Social Justice has said that the £33bn increase in benefits spending between 2027 and 2032 will broadly match a rise in projected receipts from frozen income tax [...]
Healey under fire on spending plans as UK faces ‘worst decade for living standards on record’

October 29, 2026

John Healey is facing intense scrutiny over his plans to tighten public spending around 2030, as leading economists warned the Labour government is on course to revive an austerity programme while overseeing the worst decade of living standards on record. Budget-crunchers at two leading economics think tanks have offered scathing assessments on the state of [...]
Healey promises ‘reduction’ in welfare spending before election

October 29, 2026

John Healey has promised there will be a “reduction” in the welfare bill before the next election despite the Budget not addressing huge payments on benefits and pensions. Healey told broadcasters on Thursday morning that the government was “ready to take some pretty tough decisions” to rein in spending although he echoed his predecessors in [...]
Healey’s Budget spoiled by ‘grim’ living standards squeeze

October 29, 2026

Britain is trapped in a “grim” decade of stagnant living standards, the budget watchdog has said, after John Healey kicked some of the government’s toughest spending decisions on defence and welfare into next year. The government’s fiscal watchdog said that families are about to see household income drop as a result of the country’s rising [...]
London to get Bakerloo Line extension and Euston upgrade in devolution push

October 28, 2026

London mayor Sir Sadiq Khan will be handed powers to deliver the Bakerloo Line extension and a huge upgrade to Euston station as part of the government’s push for devolution, City AM can reveal. Under new plans to allow mayors to retain income tax receipts generated locally and exploit finance schemes to fund infrastructure, Khan [...]
‘Pretty bold’: Burnham jumps to defend Healey’s Budget

October 28, 2026

Andy Burnham has jumped to the defence of John Healey’s first Budget, claiming it was “pretty bold” and looked to “help everybody”. The Prime Minister said on Wednesday afternoon that the Chancellor delivered on support to British households and businesses. He told broadcasters: “It’s pretty bold to help 20m households with their energy costs through [...]
Budget 2026: Healey faces ‘£11bn hole’ as growth slashed and inflation to rise higher

October 28, 2026

Britain’s fiscal watchdog has predicted that growth will slump and joblessness and inflation will surge in the coming years, as they warned John Healey will have to find billions of pounds more revenue between 2029 and 2032 in order to prevent cuts to government spending. The Office for Budget Responsibility said the Chancellor would need [...]

Women’s football doesn’t need to become men’s football to succeed

Women’s football doesn’t need to become men’s football to succeed

The Capitalist: City AM reporter gets royal trashing by AI slop

By: Maurício Alencar

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