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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Finance chiefs fear UK is falling behind as Labour growth push falls flat

October 13, 2025

UK finance chiefs believe the country is falling behind rivals as costs are stacking up and squeezing profit margins, a new survey has shown, with further alarm bells ringing that businesses are losing faith in Labour’s drive for growth. The government has moved to curry favour with top investment bosses as Rachel Reeves met the [...]
Rachel Reeves urged to levy one-off wealth tax

October 13, 2025

Researchers say Rachel Reeves should introduce a one-off wealth tax to avoid the “direct disincentive” of an annual levy. But the Chancellor risks wreaking havoc on the UK economy unless she breaks Labour manifesto commitments and introduces vast reforms to the wider tax system, according to a report by the Institute for Fiscal Studies (IFS). [...]
OBR risks being ‘unreasonably pessimistic’ as Reeves set to be given leeway

October 10, 2025

The Office for Budget Responsibility (OBR) risks being “unreasonably pessimistic” if it decides to downgrade productivity growth trends by more than 0.1 percentage point, fresh analysis has indicated, in what could hand Chancellor Rachel Reeves some extra leeway at this year’s Budget. The fiscal watchdog is widely expected to downgrade productivity forecasts as part of [...]
FTSE 100 Live: Ibstock shares tumble, Princes confirms £1.5bn London IPO

October 10, 2025

Good morning from the City AM liveblog team. JP Morgan boss Jamie Dimon has joined the chorus of warnings over an AI-driven market boom that some fear could go the way of the dot-com crash. Speaking from Bournemouth, where the bank announced a £350m investment in its local campus, Dimon described himself as “far more [...]
Tax fears heat up as firms ‘not ready for another Budget battering’

October 10, 2025

Tax fears across businesses in the UK are bubbling up, a leading survey has indicated, as Chancellor Rachel Reeves is warned that firms are “not ready for another Budget battering” later this year. The British Chambers of Commerce (BCC)’s survey has shown that business confidence remains in a fragile state amid nerves that another damaging [...]
Number of job seekers spike as high taxes continue to hurt UK economy

October 10, 2025

The number of job seekers has spiked while a rise in starting salaries was “fractional”, according to analysis of leading survey data, in signs the jobs market is struggling to shake off higher taxes and low growth prospects. New monthly findings by the Recruitment and Employment Confederation (REC) and KPMG have pointed to another rise [...]
Former top security adviser questions Starmer over China trial collapse

October 9, 2025

Former national security adviser Lord Sedwill has raised questions over the explanation provided for the collapse of the Chinese spy case involving Christopher Cash and Christopher Berry. Lord Mark Sedwill, a career diplomat and civil servant who served the same role as current national security adviser Jonathan Powell between 2017 and 2020, claimed it was [...]
How Reeves could ‘trigger’ bond market fright and collapse UK economy

October 9, 2025

Poor decisions made by Rachel Reeves at the next Budget could send the UK economy into a crisis if her announcements trigger a collapse in bond markets’ confidence, according to a scenario played out by analysts at Oxford Economics. Rachel Reeves has pledged to drive growth in the UK and lower the cost of living [...]
Bank of England’s Mann: Higher interest rates will lower inflation fears

October 9, 2025

The Bank of England has said that households’ fears of high inflation levels could be tempered by keeping interest rates for longer. In an event hosted by the think tank Resolution Foundation, Mann doubled down on her calls for the Bank to squeeze out inflation pressures in order to ease household nerves of higher prices [...]
Labour ministers ordered to stop relying on emergency funds

October 9, 2025

Labour ministers have been told they will be blocked from using the government’s reserve funds to pay public sector staff and will only be given cash in exceptional circumstances. James Murray, the chief secretary to the Treasury, has told colleagues across the Cabinet that access to rainy day funds will be limited as the government [...]

Trump says he is raising global tariffs after Supreme Court ruling

Six Nations in-game ads pave way for football to be split into quarters

London Sports Festival Returns to the Capital

By: Mauricio Alencar

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