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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‘Shenanigans’: Did the OBR save Reeves from hiking income taxes at the Budget?

November 18, 2025

For weeks, Chancellor Rachel Reeves had been engaged in an extraordinary communications exercise of expectation management, leading Brits to believe that income tax was about to hiked for the first time in 50 years. In an unusual press conference earlier this month, she told journalists that everyone would have to contribute to the Labour government’s [...]
Fresh Labour revolt brews over asylum system tightening

November 17, 2025

A growing number of Labour backbenchers are preparing to revolt against the government’s proposed tightening on the UK asylum system. In another fiery showdown between Keir Starmer’s government and emboldened backbenchers, home secretary Shabana Mahmood is set to spark tensions across Westminster with new announcements aimed at making the UK less attractive to people crossing [...]
Consumer confidence plunges as Labour under fire

November 17, 2025

Consumer confidence plunged to a four-month low last month, a leading survey has suggested, as Budget tax rumours shared by Labour officials instilled fear in Britons up and down the country. S&P Global’s UK consumer sentiment index slipped back in November as households became more nervous about their finances. The reading for household finances dropped [...]
University tuition fee hike to prop up high inflation

November 17, 2025

A rise in university tuition fees and volatile airfare prices are expected to prop up price growth as economists are pencilling in slightly lower inflation in October than in the previous month. Economists polled by Bloomberg said they expected consumer price index (CPI) inflation to reach 3.6 per cent in fresh data to be released [...]
Hotels and shops to be hit by fresh Reeves tax raid

November 17, 2025

Hotels and supermarkets are set to be hit by extra taxes at the upcoming Budget as Chancellor Rachel Reeves hopes to raise more than £20bn in taxes. Reeves is planning to allow mayors to hit holidaymakers with an overnight levy on hotel and rental home stays at the Budget, opening up new cash streams for [...]
Redundancies and scant vacancies weakens jobs market

November 14, 2025

A fall in the number of vacancies and growth in the jobseekers pool due to more redundancies has led to a further decline in the jobs market, a leading survey has indicated. Official data this week showed a jump in the unemployment rate from 4.8 per cent to five per cent in a set of [...]
Kemi Badenoch welcomes Javier Milei on Falkland Islands ‘competition’

November 13, 2025

Tory leader Kemi Badenoch has said she found it “fascinating” that Argentinian president Javier Milei wanted to make his country so great that Falkland Islanders would want to change nationalities. In a 15-minute speech to Latin American investors and academics, Badenoch praised the anarcho-capitalist leader for his austerity programme in Argentina that has lowered inflation [...]
Productivity growth twitchy in wake-up call for OBR and Reeves

November 13, 2025

Productivity levels stuttered in the third quarter of the year, an initial estimate has shown, subverting the Chancellor’s hopes of boosting output in the UK economy. The Office for National Statistics (ONS) said on Thursday morning that quarterly growth in output per hour rates was 0.7 per cent, the highest level since the end of [...]
Reeves to put brakes on Cycle to Work scheme in blow to City

November 13, 2025

Chancellor Rachel Reeves could slam the brakes on the Cycle to Work scheme at the upcoming Budget in a blow to City commuters, it has been reported. The Chancellor is expected to cut tax benefits on salary sacrifice schemes, including in the buying of expensive bikes, according to a report in the Financial Times. “Cycle [...]
UK economy barely grows in third quarter

November 13, 2025

The UK economy grew at a more sluggish pace than expected in the third quarter of the year amid a pervasive sense of gloom across the country ahead of the Budget. The Office for National Statistics (ONS) said there was 0.1 per cent GDP growth between July and September, triggering fears among City analysts that [...]

Mansion tax to hit 165,000 homeowners

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By: Mauricio Alencar

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