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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UK at ‘greatest risk’ of jet fuel shortage as flights to be cancelled

May 2, 2026

Ministers are set to warn the British public that flight cancellations will hit summer holiday plans as new research suggested that the UK is more exposed to jet fuel shortages than other European countries. Heidi Alexander, the transport secretary, is set to tell Brits that there could be flight cancellations this year as she will [...]
BP eyes North Sea exit as tax load bites

May 2, 2026

BP is reportedly eyeing a potential exit from the North Sea as the tax load on energy companies seems unlikely to be eased with the Iran war. The UK oil giant is considering either ceasing or partially winding down operations in the North Sea, according to Bloomberg, as part of an effort to strip assets [...]
Bond market alert: Burnham and Streeting turn up leader rumours

May 2, 2026

Bond markets are on alert as fresh reports have suggested that Manchester mayor Andy Burnham and health secretary Wes Streeting are preparing leadership bids. City bank and analysts at the likes of Deutsche Bank and Jefferies have flagged the risks of a change in leadership and the potential for looser fiscal rules. Deutsche Bank’s Sanjay [...]
Hiring freezes loom as business confidence remains near record low

May 1, 2026

British business leaders are bracing for hiring freezes as headcount expectations dropped into negative territory again, according to new data from the Institute of Directors. The IoD’s economic confidence Index edged up to -64 in April from -76 in March, remaining close to historic lows. But headcount expectations slipped to minus three from zero in [...]
Bank of England signals interest rate hikes ahead despite April hold

April 30, 2026

The Bank of England has all but confirmed that interest rates will be hiked in the coming months as oil prices have shot up, despite opting to hold them in a meeting on Thursday. The Bank’s Monetary Policy Committee warned interest rates could climb back to 5.25 per cent from the current level of 3.75 [...]
Bank of England Live: Interest rates held as hawks warn of ‘highly uncertain’ energy prices

April 30, 2026

Welcome back to the City AM liveblog. The Bank of England’s Monetary Policy Committee has today decided to hold interest rates at 3.75 per cent in a hawkish display. In last month’s decision, the Bank held rates in a unanimous decision. Afterwards, short-term gilt yields, which reflect government borrowing costs, sharply rose as traders priced [...]
Twilight zone: Markets await ‘highly uncertain’ interest rates decision

April 30, 2026

City analysts are eagerly anticipating a “highly uncertain” Bank of England decision on interest rates that could swing prices in either direction. The Bank’s Monetary Policy Committee is widely expected to hold interest rates at its upcoming decision at 12pm on Thursday, though analysts have warned that a vote split and hawkish messaging around the [...]
Badenoch claims Reeves will be ousted as traders warn on Labour’s turn to left

April 29, 2026

Tory leader Kemi Badenoch has predicted that Rachel Reeves will be sacked as Chancellor after the local elections in May, as top bankers warn of the impact of any left-turn by the government. Badenoch asked Sir Keir Starmer whether he would “reshuffle the Chancellor” after the May elections, with the Prime Minister not directly commenting [...]
UK set to suffer £35bn hit from Iran war as growth downgraded again

April 29, 2026

The UK risks finding itself on the brink of recession as a result of the Iran war, a leading economics think tank has warned, as the potential damage to Rachel Reeves’ fiscal headroom and the threat of interest rates hikes has been laid bare in a new report. In what will come as dire reading [...]
Starmer blocks sleaze inquiry despite Tory and Labour pressure

April 28, 2026

Sir Keir Starmer has won a vote to block a parliamentary inquiry into whether he misled MPs over the appointment of Lord Mandelson as ambassador to the US despite significant pressure from opposition parties and some Labour MPs. Labour backbenchers voted down a Tory motion to launch a so-called “sleaze inquiry” by the Privileges Committee [...]

Costa Coffee hails ‘strong progress’ after Coca-Cola scraps sale

You’re sued and you know you are: New law puts onus on clubs to prevent player abuse

Is Soho nightlife really dead? We went partying to find out

By: Maurício Alencar

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