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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Budget: Healey hikes taxes and delays defence spending as economy set to slump

October 28, 2026

John Healey has announced a string of tax hikes to fund short-term measures worth billions of pounds to help households and businesses cope with rising prices, in a maiden Budget that omitted major spending plans on defence and welfare. In his speech, the Chancellor said the government would look to raise defence spending to three [...]
Budget 2026 Live: Healey introduces pension tax allowance and lays out bank surcharge plans

October 28, 2026

Welcome to City AM‘s Budget liveblog. The Chancellor has delivered his Budget speech in the House of Commons. John Healey announced a range of measures to tackle the cost of living but the market will keep a close eye on his tax and spending plans as the government looks to balance the books. Healey has [...]
Healey poised to deliver ‘long grass’ Budget

October 27, 2026

John Healey’s maiden Budget is likely to omit clear plans to boost defence spending, reform taxes and curb the welfare bill, economists have predicted, in a move that would kick “tough decisions into the long grass”. Healey, who resigned from Sir Keir Starmer’s government over the Treasury’s refusal to set out how it would lift [...]
Healey expected to set £15bn fiscal headroom with £5bn in tax hikes

October 27, 2026

John Healey will set his fiscal headroom at a minimum of £15bn, City analysts have predicted, although closer attention will be paid to the Chancellor’s spending restraint. Economists at major banks are anticipating Healey’s buffer against the main fiscal rule to shrink slightly. The borrowing rule states that day-to-day government spending should at least match projected [...]
Budget 2026: Will the real John Healey please stand up?

October 27, 2026

John Healey is set to deliver his first Budget although business chiefs, trade unionists and bond traders are still unsure of what to expect. Maurício Alencar reports on whether he can assert his authority on Wednesday. In the period between Sir Keir Starmer leaving Number 10 and Andy Burnham taking over, ambitious Labour figures vied [...]
Healey to ‘increase minimum wage by 3.9 per cent’

October 26, 2026

Chancellor John Healey will reportedly hike the minimum wage by nearly four per cent at the Budget, setting the floor for wages for all over 21-year-olds at £13.20 for the next year. Healey is expected to deliver a huge pay increase of 3.9 per cent to low-wage workers on Wednesday, according to The Times. However, [...]
Farage: ‘Loathsome’ banks should not be hit with new tax

October 26, 2026

Nigel Farage has said that banks should not be hit with new taxes at this week’s Budget in a partial U-turn on his previous position. Earlier this year, the Reform UK leader vowed to scrap interest payments lenders receive on deposits at the Bank of England, a move that would be widely regarded as a [...]
The major Budget questions facing John Healey in four charts

October 26, 2026

John Healey faces several tests in delivering a Budget that keeps the UK economy on course to grow. Mauricio Alencar looks at the questions he will have to answer at the despatch box. Investors are heading into the upcoming Budget with a lot of unknowns. John Healey faces a test in balancing expectations between different [...]
How John Healey clamped down on Treasury speculation

October 23, 2026

Since entering Downing Street in July, John Healey has faced criticism from some business chiefs over an economic vision that seems similar to Rachel Reeves. But one aspect of running the Treasury has split Healey from his predecessor more than any other: keeping a lid on Budget rumours. After being appointed Chancellor, City AM can [...]
Healey moves to slash red tape and save firms £800m a year

October 23, 2026

Chancellor John Healey has said a package to streamline regulation on reporting requirements as well as further tariff reductions will save businesses around £800m a year. In a pre-Budget announcement to offer “breathing space” to businesses, Healey confirmed that the government would make reporting requirements for firms and asset managers easier. The changes on reporting [...]

Women’s football doesn’t need to become men’s football to succeed

Women’s football doesn’t need to become men’s football to succeed

The Capitalist: City AM reporter gets royal trashing by AI slop

By: Maurício Alencar

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