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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As it happened: Choppy finish for FTSE 100 as global markets rocked by AI sell-off

May 19, 2026

Welcome back to the City AM liveblog. Businesses have raised the alarm over falling vacancies as new data showed a further weakening in the jobs market. Vacancies remained at a five-year low in April 2026, with a leading industry group saying recruiters were “pausing” plans to hire workers. The British Chambers of Commerce’s head of [...]
Mel Stride: Markets have issued ‘damning verdict’ on Labour

May 18, 2026

Shadow chancellor Sir Mel Stride is set to claim that markets have issued the Labour government a “damning verdict” after continual leadership speculation and tax rises, warning that taxpayers will be left on the hook. In a speech at the Centre for Policy Studies, Stride will argue that investors have taken an ill-view of the [...]
Burnham calls for UK to abandon ‘40 years of neoliberalism’

May 18, 2026

Labour leadership hopeful Andy Burnham has called for the UK to abandon “40 years of neoliberalism” as he claimed that Westminster politics had failed northern communities. In what is being widely interpreted as Burnham’s Labour leadership launch speech, he said that the upcoming by-election in Makerfield was a chance for a “much bigger debate about [...]
IMF tells Reeves to drop triple lock pension and make ‘fundamental’ tax reform

May 18, 2026

The UN’s global financial fund has called on Chancellor Rachel Reeves to drop the triple lock pension and draw up “contingency” tax measures to ensure that public debt is reduced as a share of GDP. The International Monetary Fund has said that there are “risks” around spending forecasts and tax receipts, criticising the Chancellor for [...]
From pensions to healthcare: UK state spending on old age surges

May 18, 2026

Government spending on the elderly has dramatically increased the size of the state, analysis by the official statistics body has shown. Fresh research by the Office for National Statistics has suggested a steady rise in spending on health and old age has contributed to a rise in government consumption as a share of GDP. In [...]
UK property taxes are highest in world – and they’re rising

May 18, 2026

The UK has the highest level of property taxes of any major economy in the world as a share of the economy, according to new analysis, with new business reforms only set to add to the load. The global tax firm Ryan said the UK suffered a heavier property tax burden than the likes of [...]
Burnham return attempt ushers new borrowing cost record

May 15, 2026

Manchester mayor Andy Burnham’s attempt to return to parliament has alarmed traders as gilt yields reached another 28-year high, beating last week’s high. Burnham overcame the first hurdle on his path towards becoming Prime Minister after Josh Simons, the MP for Makerfield, announced he would resign on Thursday night to let the Manchester mayor try [...]
As it happened: UK borrowing costs rattled by Burnham’s Parliament bid

May 15, 2026

Welcome back to the City AM liveblog. Andy Burnham has made his move – and it has left markets on edge. On Thursday evening, after markets had closed, a Labour MP sensationally announced their intention to stand aside to allow Burnham to make his way back into Parliament. And this morning it’s left gilt yields [...]
As it happened: Markets on high alert as Streeting calls on Starmer to resign

May 14, 2026

Welcome back to the City AM liveblog. The past few days of political drama have to come to a head today and UK assets are bracing for a showdown. All eyes were on the bond market after Wes Streeting resigned as health secretary and called for a leadership contest. Gilt yields see-sawed yesterday as Sir [...]
Andy Burnham confirms Westminster run as Wes Streeting resigns from government

May 14, 2026

Andy Burnham has declared his intention to stand in a by-election after a sitting Labour MP quit to make way for him. The current Mayor of Manchester will seek permission from Labour’s ruling body to stand in the Makerfield constituency after Josh Simons announced he would vacate the seat. In a statement, Burnham said: “Millions [...]

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By: Maurício Alencar

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