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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Reeves warns oil price shock to fuel higher inflation for Brits

March 9, 2026

Chancellor Rachel Reeves has warned that a recent spike in oil prices will translate into higher inflation in the UK, with her economic approach centring on calls for the US, Israel and Iran to de-escalate the conflict in the Middle East. In a statement to MPs, Reeves said she called on G7 finance minister, which [...]
Iran war wipes £4.5 trillion from global stock markets

March 9, 2026

The war in the Middle East has knocked £4.5 trillion off the value of global stocks since its start, as the financial impact continues to cause shockwaves around the world. The value of listed businesses has nosedived since the start of the US and Israeli campaign from $157.5 trillion (£117.6 trillion) to $151.5 trillion (£113.1 [...]
Will the Bank of England raise interest rates amid Iran war energy crisis?

March 9, 2026

Traders are betting on interest rate hikes this year as Rachel Reeves and Sir Keir Starmer have consulted analysts at the Bank of England to monitor the impact of spiralling oil prices on the UK economy. Investors believe interest rates are more likely to rise than fall by the end of the year, with a [...]
Government borrowing costs mount on fears of inflation spike

March 9, 2026

Government borrowing costs have climbed on escalating fears that the war in the Middle East will push up inflation and leave interest rates higher. The 10-year gilt yield jumped by some 14 basis points on Monday morning as traders continue selling off their gilt holdings over mounting fears that interest rates could rise. Longer-term gilt [...]
Mel Stride vows ‘Big Bang’ as he targets careful City

March 6, 2026

Shadow Chancellor Sir Mel Stride is set to promise a new “Big Bang” on City regulation in a speech at a Conservative conference this weekend harking back to Margaret Thatcher’s financial reforms. Stride is set to decry the lack of risk-taking across the UK economy and suggest regulation has been a “vast yoke” on businesses. [...]
Middle East war could ‘bring down the economies of the world’

March 6, 2026

The war in the Middle East could “bring down the economies of the world” as oil prices could surge to $150 per barrel if Gulf energy exporters shut production, Qatar’s energy minister has warned. Saad al-Kaabi said that restarting the production of liquified natural gas (LNG) – after it shut down the largest plant in [...]
Four men arrested on suspicion of spying for Iran

March 6, 2026

Four men have been arrested on the suspicion of spying for Iran on the Jewish community, the Metropolitan Police has said. The men were suspected of conducting surveillance of Jewish people in London. One Iranian national and three British-Iranian nationals were arrested in the early hours of Friday morning in Barnet and Watford. They were [...]
Sadiq Khan invites Anthropic to move to London

March 6, 2026

Sadiq Khan has sent Anthropic’s chief executive Dario Amodei an invitation to move to London after the AI giant’s spat with President Trump. In a letter to the Anthropic boss, the mayor of London praised the company over its “steadfastness” against pressure after it refused to give the US military access to its tools over [...]
Treasury ignored DCMS gambling tax hike concerns before Budget raid

March 6, 2026

Whitehall raised questions about the amount of money a gambling levy could raise before Chancellor Rachel Reeves pushed ahead with tax hikes in the Autumn Budget. A Freedom of Information request seen by City AM shows analysis by the Department of Culture, Media and Sport in response to proposals by the Social Market Foundation and [...]
Inflation expectations eased before Middle East energy crisis

March 5, 2026

Inflation expectations among UK firms eased before President Trump launched a war against Iran, which has sent oil and gas prices spiralling and spooked financial markets. The Bank of England revealed in its latest decision makers’ panel survey that company directors expected price growth to be 3.3 per cent in the next year when asked [...]

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Electra/Persona at the National Theatre review: A dull mash-up of Sophocles and Bergman

By: Maurício Alencar

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