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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Investors tremble as Iran risks oil price spiral with attack on Strait of Hormuz

February 28, 2026

City analysts and policymakers are on edge as a possible attack by Iran on the Strait of Hormuz could send oil prices spiralling. Investors fear a new inflationary shock could hit major economies including the UK as a result of full-blown war between the US and Iran. Many had pinned hopes on nuclear programme negotiations [...]
Consumer confidence slips in latest setback for Labour

February 27, 2026

Consumer confidence slipped slightly in February despite hopes of a turnaround, adding to fears the UK economy could slump this year. A closely-monitored survey conducted by the research firm GfK said consumer confidence dropped by three points to -19. The reading reflects dampened spirits among British consumers in what will likely worry Labour strategists keen [...]
Nearly 1m young Brits not in work as Reeves told to help youth

February 26, 2026

The number of Neets, or young people not in education, employment or training, has increased to nearly 1m, official data has indicated, heightening fears over the long-term health of the UK economy. The Office for National Statistics (ONS) has suggested there were 957,000 people aged between 16 and 24 not working as of December in [...]
Britons grumble about hospitals despite Labour’s NHS drive

February 26, 2026

Britons remain frustrated with the state of hospitals despite the Labour government’s push to splash out on the NHS, a new report has suggested. Polling by Ipsos for Deloitte and Re:State, a think tank focused on state capabilities, found that 42 per cent of Britons were dissatisfied with hospitals across the country. Under a third [...]
Family visas plummet as Mahmood targets migrant dependants

February 26, 2026

The number of family-related visas plummeted over 2025 as the government clamped down on dependants joining migrant workers and students. In fresh data published by the Home Office on Thursday, it was revealed that just 67,000 visas were offered to spouses, children and other dependants of migrants. It represented a sharp 22 per cent drop [...]
Made to be broken? Reeves urged to keep fiscal rules

February 26, 2026

Chancellor Rachel Reeves has been urged to keep her fiscal rules amid growing calls for tweaks to be made to factor in long-term investments and demands for higher defence spending. Richard Hughes, the most recent chair of the Office for Budget Responsibility (OBR), called on Reeves to see out her fiscal rules through parliament. Appearing [...]
Why Rachel Reeves’ low-key Spring Statement still matters

February 26, 2026

This is the Spring Statement that Chancellor Rachel Reeves has long been waiting for in opposition: a moment of sheer insignificance. In May 2023, six months after the mini-budget debacle, Reeves offered a speech in opposition to Washington DC’s top independent think tank, the Peterson Institute, exalting her core economics philosophy of ‘securonomics’. She summarised [...]
Tory MP accuses Starmer of ‘blatant lie’ over energy bills claim

February 25, 2026

A Tory backbencher has lashed out at Sir Keir Starmer for a “blatant lie” after he praised a drop in the energy price cap set by Ofgem. Katie Lam, who has weighed in on issues ranging from growth to immigration, said energy bills under Labour had spiked since it took to power in mid-2024. She [...]
Starmer to consider ways to make student loans ‘fairer’

February 25, 2026

Sir Keir Starmer has suggested he was open to making the student loans system “fairer” after pressure from Tory leader Kemi Badenoch. During Prime Minister’s Questions, Badenoch pressed Starmer on costly student loan repayments, which she suggested were at a “breaking point” for graduates. The Tories have vowed to abolish real interest rates on plan [...]
Bank of England chief: Interest rate cut is an ‘open question’

February 24, 2026

The governor of the Bank of England has said that an interest rate cut in March was an “open question” as policymakers suggested the jobs market would remain weak over the coming months. Appearing before the Treasury Select Committee on Tuesday, Andrew Bailey said he had not seen enough evidence to back an interest rate [...]

Hedge fund run by UK’s wealthiest financier loses £200m tax battle

Hated World Cup hydration breaks here to stay for even hotter 2030 and 2034

‘Dangling perilously off a horse’: can an ordinary bloke play polo?

By: Mauricio Alencar

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