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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Bank of England signals interest rate hikes ahead despite April hold

April 30, 2026

The Bank of England has all but confirmed that interest rates will be hiked in the coming months as oil prices have shot up, despite opting to hold them in a meeting on Thursday. The Bank’s Monetary Policy Committee warned interest rates could climb back to 5.25 per cent from the current level of 3.75 [...]
Bank of England Live: Interest rates held as hawks warn of ‘highly uncertain’ energy prices

April 30, 2026

Welcome back to the City AM liveblog. The Bank of England’s Monetary Policy Committee has today decided to hold interest rates at 3.75 per cent in a hawkish display. In last month’s decision, the Bank held rates in a unanimous decision. Afterwards, short-term gilt yields, which reflect government borrowing costs, sharply rose as traders priced [...]
Twilight zone: Markets await ‘highly uncertain’ interest rates decision

April 30, 2026

City analysts are eagerly anticipating a “highly uncertain” Bank of England decision on interest rates that could swing prices in either direction. The Bank’s Monetary Policy Committee is widely expected to hold interest rates at its upcoming decision at 12pm on Thursday, though analysts have warned that a vote split and hawkish messaging around the [...]
Badenoch claims Reeves will be ousted as traders warn on Labour’s turn to left

April 29, 2026

Tory leader Kemi Badenoch has predicted that Rachel Reeves will be sacked as Chancellor after the local elections in May, as top bankers warn of the impact of any left-turn by the government. Badenoch asked Sir Keir Starmer whether he would “reshuffle the Chancellor” after the May elections, with the Prime Minister not directly commenting [...]
UK set to suffer £35bn hit from Iran war as growth downgraded again

April 29, 2026

The UK risks finding itself on the brink of recession as a result of the Iran war, a leading economics think tank has warned, as the potential damage to Rachel Reeves’ fiscal headroom and the threat of interest rates hikes has been laid bare in a new report. In what will come as dire reading [...]
Starmer blocks sleaze inquiry despite Tory and Labour pressure

April 28, 2026

Sir Keir Starmer has won a vote to block a parliamentary inquiry into whether he misled MPs over the appointment of Lord Mandelson as ambassador to the US despite significant pressure from opposition parties and some Labour MPs. Labour backbenchers voted down a Tory motion to launch a so-called “sleaze inquiry” by the Privileges Committee [...]
‘Knife through my soul’: McSweeney, Starmer and Whitehall war over Mandelson saga

April 28, 2026

Sir Keir Starmer’s former chief of staff Morgan McSweeney, who pushed for Lord Mandelson’s appointment as US ambassador, has said that further revelations over the disgraced peer’s links to Jeffrey Epstein were a “knife through my soul”. In a blockbuster appearance before the Foreign Affairs Committee, McSweeney apologised for urging the Prime Minister to appoint [...]
‘Stuff of nightmares’: Hold interest rates, City AM Shadow MPC says

April 28, 2026

Interest rates should be left unchanged in April but the future path of monetary policy could be unclear, City AM’s Shadow Monetary Policy Committee has suggested. A group of City economists and academics has called for interest rates to be left at 3.75 per cent on Thursday, citing the risk of higher inflation due to [...]
Labour peer tells Reeves not to use headroom as ‘piggy bank’ for spending

April 28, 2026

A Labour peer has urged Chancellor Rachel Reeves to avoid using her larger fiscal headroom as a “piggy bank” to fund extra government spending increases. A report by senior House of Lords members said the Chancellor should add further protections to public finances, leaping to the defence of the Office for Budget Responsibility for improving [...]
‘Drag on prosperity’: Next boss demands planning system overhaul in rallying cry for growth

April 27, 2026

The UK’s planning rulebook should be torn up in favour of a market-based system, the boss of one of the country’s biggest listed companies has said, as he urged government ministers to take a “radical” approach to kickstarting economic growth. Speaking at the Centre for Policy Studies conference in the heart of the City, Lord [...]

Badenoch: Cut benefits to fund £10bn defence spending package

Fulham owner Khan sees his £1bn stadium construction project take next steps

Two of my favourite hotels for celebrating English wine

By: Maurício Alencar

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