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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Public sector pay outpaces private amid Budget pressures

October 14, 2025

Public sector pay has outstripped private sector pay on an annual basis, according to new official data, with the added pressures on public finances set to force Chancellor Rachel Reeves to hike taxes at the Budget. The Office for National Statistics (ONS) said annual average regular earnings growth was 4.4 per cent for the private [...]
Unemployment rises as concerns grow for UK jobs market

October 14, 2025

The unemployment rate rose slightly to 4.8 per cent in September, while the inactivity rate was 21 per cent, “largely unchanged” on the previous quarter but below levels seen a year ago. The estimated number of vacancies in the UK also fell by 9,000, marking the 39th consecutive period of job posting declines. The ONS [...]
FTSE 100 Live: Retail sales slow; Unemployment figures tick up

October 14, 2025

Good morning from the City AM liveblog team. After a dismal first three quarters of the year, London’s IPO market is finally roaring back, returning the capital to a level playing field with its rival listing venues after a string of fresh flotation announcements. That’s the view of bosses at top City broker Peel Hunt, [...]
Labour dismisses ‘smears’ over Chinese spy case as top Tory calls defence ‘absurd’

October 13, 2025

A senior minister has dismissed accusations that the Labour government deliberately collapsed the Chinese spy case as being a “whole series of baseless smears.” Security minister Dan Jarvis told parliament that the previous Conservative government’s failure to clarify definitions in the Official Secrets Act of 1920 led to the Crown Prosecution Service (CPS) dropping a [...]
Jonathan Powell urged to answer questions on Chinese spy case in public

October 13, 2025

National security adviser Jonathan Powell has been urged to answer questions on the collapse of a Chinese spy case in public, with the government doubling down on its defence that it did not subvert the trial to maintain diplomatic ties with Beijing. Powell is set to appear before a private committee in parliament to answer [...]
Nigel Farage vows to make savings before tax cuts

October 13, 2025

Reform UK’s Nigel Farage has vowed to make sweeping spending cuts before cutting taxes for Brits while hitting out at “cretins” for imposing too much regulation in the City in comments that reflect his moves to take on economic policy head-on. Farage said the party’s next manifesto would be “fully-costed”, a statement that reflects the [...]
Andrew Bailey: Stock markets could crash if debt levels spiral

October 13, 2025

Bank of England Governor Andrew Bailey has warned that stock markets could suffer a “disorderly adjustment” due to spiralling debt levels and other vulnerabilities. Ahead of a seminal week in Washington DC where global financial leaders are set to discuss the future of multilateralism, Bailey said bullish markets and spiralling sovereign debt levels had left [...]
Reeves considers tax breaks for startups in effort to preserve headroom

October 13, 2025

Reports have suggested that Rachel Reeves is considering offering entrepreneurs new tax reliefs as she tries to stimulate growth in the economy and unlock productivity. As part of an effort to limit the damage to the current headroom of £9.9bn due to productivity downgrades by the Office for Budget Responsibility (OBR), Reeves is reportedly discussing [...]
Badenoch seeks answers from Starmer on China spy case collapse

October 13, 2025

Opposition leader Kemi Badenoch has written to Prime Minister Keir Starmer with questions regarding the collapse of the trial of alleged Chinese spies amid a deepening row over Labour’s handling of national security and trade relations with the world’s second largest economy. Badenoch has demanded Starmer come clean on national security adviser Jonathan Powell’s role [...]
FTSE 100 Live: Lloyds warns on ‘adverse’ outcome on motor finance

October 13, 2025

Good morning from the City AM liveblog team. As we edge close to the Budget, more and more businesses are growing agitated over how their industry might be affected. Nowhere were these concerns more stark than in retail, where the Co-op has warned that 60,000 small shops and 150,000 jobs could be lost without business [...]

Brewdog co-founder to plough millons into rescue bid for the struggling brewer

Hunslet RLFC’s lesson for rugby league profitability? Pay HMRC

London Sports Festival Returns to the Capital

By: Mauricio Alencar

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