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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Small businesses ‘lose 379m hours a year’ on red tape

March 16, 2026

Small businesses lose around 379m hours a year and spend around £36bn a year on dealing with red tape, new research has indicated, piling pressure on the Labour government to fast-track its deregulatory drive. Business secretary Peter Kyle has emphasised that the government remains committed to reducing the regulatory burden on businesses by up to [...]
Trump calls on Starmer to help secure Strait of Hormuz

March 14, 2026

President Trump has called on Sir Keir Starmer to help secure the Strait of Hormuz, the critical stretch of water near Iran for a fifth of the world’s global oil supply. In a post on Truth Social, Trump demanded that China, France, Japan, South Korea and the UK send war ships to the region to [...]
Reeves vows ‘greater support’ for poorer Brits as Iran oil island hit

March 14, 2026

Chancellor Rachel Reeves has suggested poorer households will receive “greater support” in an energy subsidy package as oil supply worries intensified after a key Iranian island was attacked. Reeves has said she “found the money” to announce a support package for people not supported by the energy price cap, including rural communities which use heating [...]
Oil surges again as industry faces ‘largest disruption in history of the market’

March 12, 2026

The global energy body has warned the current oil crisis triggered by the war in the Middle East marks the “largest disruption” in history of the commodity’s market. The International Energy Agency (IEA) made a record intervention in the market on Wednesday, with the release of 400m barrels from the strategic reserves. But the move [...]
‘Cover up’: Starmer blames vetting amid process questions on Mandelson

March 12, 2026

Sir Keir Starmer’s spokesman has blamed the vetting process inherited from previous governments for Lord Peter Mandelson’s appointment despite accusations that the Prime Minister did not follow ministerial procedures and oversaw a “cover up”. Starmer’s spokesman said the government was looking to reform the due diligence process and national security vetting procedure for major appointments. [...]
Middle East war ‘could plunge UK into a recession’

March 12, 2026

The crisis in the Middle East could plunge the UK into a recession in the worst case scenario where oil prices surge higher over the next two months, analysis has shown. Oxford Economics research has indicated that a continued surge in oil prices would rattle “parts of the global economy”, with the UK set to [...]
Here we go again: Tube strikes to hit London from March to May

March 12, 2026

Fresh tube strikes are set to take place over a period of two months with businesses and commuters hit by union action on some of the busiest days of the week. RMT, the union representing London Underground staff, has announced that strikes will take place over 12 days between March and May, with both morning [...]
Mandelson wanted a near £550,000 payout – and got £75,000

March 11, 2026

Peter Mandelson demanded a £547,201 payout for the remainder of his time as UK ambassador to the US after being sacked, with a settlement of £75,000 being agreed with the Foreign Office, official documents have shown. In the first tranche of documents to be released by the government relating to Mandelson’s time as ambassador, it [...]
Fuel duty rise ‘under review’ as Iran war response sparks tensions

March 11, 2026

Sir Keir Starmer has said a rise in fuel scheduled for September is “under review” hours after Rachel Reeves hinted an energy support package could be drawn up. Starmer said fuel duty would remain frozen until September and the policy would be kept “under review in light of what’s happening in Iran” when he was [...]
Reeves hints at ‘scope’ for energy package amid inflation rout fears

March 11, 2026

Rachel Reeves has indicated that the government can afford to provide a heavy subsidy package protecting Brits from soaring energy prices. Appearing before the Treasury Committee on Wednesday, the Chancellor warned the war in Iran was “certainly not good” for the UK economy but suggested that the government was prepared to respond to the crisis [...]

Heatwave fans demand for aircon stocks

Novak Djokovic joins investment firm with stake in Mexico’s Azteca Stadium

House of the Dragon’s Abubakar Salim dreams of Kenyan kebabs for his last supper

By: Mauricio Alencar

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