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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Bank of England dissenters expected to back interest rate hikes

April 27, 2026

Economists have suggested that at least two members of the Bank of England’s Monetary Policy Committee (MPC) could vote for interest rates to be hiked later this week. Analysts at JP Morgan, BNP Paribas and Goldman Sachs have predicted that hawkish policymakers will push back against leaving interest rates unchanged. The Bank’s chief economist Huw [...]
Wealth tax would ‘create unfairness’, IFS says

April 27, 2026

Annual wealth taxes would create “complexity, distortions and unfairness”, a new Institute for Fiscal Studies report has said, as policymakers have been advised to consider the trade-offs involved in addressing forms of inequality. The IFS’ Deaton Review, which involved research conducted over six years, found that an annual levy on wealth would have “serious drawbacks” [...]
Lord Hannan made IEA chief

April 24, 2026

The Institute of Economic Affairs has announced Lord Daniel Hannan as its new director general. Hannan, a former Tory MEP who was one of the top Vote Leave figures in 2016, will take up the post on 1 June 2026. He has long been an avid critic of the EU and was one of the [...]
‘Outlook uncertainty’: Interest rates to be left unchanged in crunch decision

April 24, 2026

The Bank of England is set to leave interest rates unchanged at a highly-anticipated meeting on Thursday as investors are looking for further guidance on the impact of the Iran war on the UK economy. Markets have all but priced in a hold at the Monetary Policy Committee’s next meeting, which would leave interest rates [...]
Bank of England: Firms are bracing for price rises and job cuts

April 24, 2026

Firms believe that employment will decline and inflation will hit four per cent in the next year, research by the Bank of England has shown, as tensions mount over spiralling wage and price growth over the next year. The Bank’s latest decision maker panel, a survey of business owners on price expectations, has fuelled concerns [...]
‘China data theft’: 500,000 Britons’ details put for sale online

April 23, 2026

The government has revealed that confidential medical data belonging to half a million Brits was put up for a sale on a website in China. Data stored in UK Biobank, the world’s most comprehensive set of information on health that is used by scientists for research, was put on Alibaba. The data did not contain [...]
Civil servant defends Starmer over ‘due process’ on Mandelson

April 23, 2026

A top Whitehall operator has appeared to defend Sir Keir Starmer’s insistence that due process was followed by the government in the appointment of Lord Peter Mandelson as US ambassador. Cat Little, the Cabinet Office’s chief operating officer, said that bureaucratic procedures around security and vetting were adhered to by the Prime Minister’s team at [...]
Inheritance tax receipts soar to all-time high

April 23, 2026

Inheritance tax receipts soared to a record high over the last financial year as Labour’s targeting of property owners helped fund sweeping spending increases. Official data on Thursday morning showed that annual inheritance tax receipts rose to £8.5bn in the year between 2025 and 2026. This compared to total receipts of £8.3bn in the previous [...]
The tax effect: Reeves borrowed less than OBR forecast

April 23, 2026

Chancellor Rachel Reeves oversaw lower government borrowing than the Office for Budget Responsibility forecast in the financial year 2024 to 2025, it has been revealed, pointing to the effect sweeping tax hikes have had in narrowing the deficit. The Office for National Statistics has shown that government borrowing over the last financial year was £132bn [...]
London local elections 2026: Who will win?

April 23, 2026

Political turmoil in Westminster and voter anxiety across a range of issues could see the political map of London redrawn after the upcoming local elections. Felix Armstrong, Mauricio Alencar, Matt Kenyon, Samuel Norman, Saskia Koopman and Simon Hunt preview how residents in each of the capital’s 32 boroughs could vote on May 7. The Greens [...]

Healey’s headroom ‘could wiped out by Iran war’

The BBC’s bulletin cuts show how crowded sports broadcasting has become

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

By: Maurício Alencar

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