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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Brain drain: Net migration plummets to pre-pandemic low as more Brits flee

November 27, 2025

Net migration has fallen to a pre-pandemic low, official statistics have shown, as successive Tory and Labour governments have looked to tighten controls on visas. The Office for National Statistics (ONS) has said net migration dropped to 204,000 in the year ending June 2025, around two-thirds lower than levels a year earlier. The large fall [...]
‘Deceiving’ Budget: Reeves to delay debt ‘repair’ amid interest rate hold fears

November 27, 2025

A left-leaning think tank has sounded the alarm on the the delay of the “repair job” for public finances after Rachel Reeves increased short-term borrowing levels to pay for higher welfare spending next year. The Resolution Foundation, which was previously headed by Treasury minister Torsten Bell, suggested Rachel Reeves’ Budget was “deceiving” by back-loading consolidation [...]
Budget 2025: Rachel Reeves announces £26bn tax raid

November 26, 2025

Chancellor Rachel Reeves has announced an avalanche of tax rises on the wealthy and on working people, adding up to £26bn to fund extra spending over the next five years, as she vowed to make the country more “secure”. Her biggest announcement included freezing income tax and national insurance thresholds until 2031 to raise £11bn [...]
‘Spend now, pay later’ – Reeves drags a million more Brits into higher rate tax

November 26, 2025

Nearly a million more people will be dragged into paying the higher rate of income tax as Rachel Reeves took the UK’s tax burden to an all-time high. In a Budget that aims to raise some £26bn in extra government revenue by the end of parliament, Reeves extended the income tax thresholds freeze, which economists [...]
Budget: Stealth tax raid making some earners £3,800 worse off

November 26, 2025

Freezing income tax thresholds is set to make a worker earning the median wage as much as £2,310 worse off had the measure never been introduced as Chancellor Rachel Reeves looks set to unleash a stealth tax raid at the Autumn Budget. Analysis by Quilter has revealed that extending the current freeze alone will add an [...]
Budget ‘chaos’ may stall interest rate cuts

November 26, 2025

The “chaos” around Budget measures may delay further interest rate cuts as the Bank of England figures through the effects of a flurry of tax rises, despite Rachel Reeves’ stated commitment to set the conditions for borrowing costs to be lowered. The Chancellor has said curbing the cost of living was a key “priority” at [...]
City readies up for Labour’s borrowing spree

November 26, 2025

Fixed income investors are readying for the Debt Management Office (DMO) to boost its gilt issuance for the current financial year, otherwise the level of UK government debt sold to traders, as the Labour government ploughs ahead with its borrowing spree. The DMO, an independent government body that oversees the sale of UK government bonds, [...]
Autumn Budget Live: Wealthy, landlords and pensions hit in £26bn tax raid

November 26, 2025

Welcome back to the City AM liveblog. In a shocking turn of events the UK fiscal watchdog has accidentally released the economic forecasts – intended to be published after the Budget – before the Chancellor even took to the despatch box. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on [...]
Business chiefs: Employment will be hit by minimum wage hike

November 25, 2025

Business chiefs have criticised Rachel Reeves’ decision to hike the national living wage by more than 4 per cent for most British workers at the Budget. In a final announcement before unveiling the full set of fiscal measures, the Chancellor said she would back the Low Pay Commission’s recommendations to raise the minimum wage to [...]
Labour MP warns Budget could force founders out of UK

November 25, 2025

A Labour backbencher has joined industry leaders and a left-leaning pressure group in warning that the Budget could kill the UK’s aspirations of building a competitor to Silicon Valley and force more firms to look for investment outside of the country. In an open letter to Rachel Reeves, Sarah Edwards, a Labour MP who sits [...]

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Iconic City dining spot set to relocate to new rooftop location

By: Mauricio Alencar

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