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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Andy Haldane: Labour has ‘no nose for business’

January 26, 2026

The Labour government lacks anyone with a “nose for business”, Andy Haldane, the former chief economist of the Bank of England, has said in his latest critique against ministers’ quest for growth. Haldane, whose criticism of Budget leaks last year added to pressure on Rachel Reeves, has taken aim at ministers leading Labour’s growth mission [...]
Burnham launches bid to stand as Labour MP in by-election

January 24, 2026

Andy Burnham has confirmed he will run to stand as a candidate for Labour in the Gorton and Denton by-election after Andrew Gwynne resigned as an MP. The Manchester Mayor’s application to stand as a candidate now gives senior Labour figures a fresh headache given his openness around his leadership ambitions. He has already received [...]
Investor hits out at Peter Kyle for ‘picking winners’

January 24, 2026

Business secretary Peter Kyle has come under fire over his admission the government would be “picking winners” across the UK economy. The former Gail’s and Pizza Express investor Luke Johnson hit out at Kyle’s “arrogance and equal measure” for comments on the Labour government’s approach to investment. On Friday, Kyle spoke out about the government’s [...]
Mike Ashley confronts Asos board in latest retail row

January 24, 2026

Mike Ashley’s Frasers Group voted against resolutions at online fashion retailer Asos’s general meeting, sparking fears that the high street magnate could prompt further disruptions at listed companies. Various company resolutions were passed by Asos on Friday afternoon but Ashley looked to spoil the party with disruptive votes in meetings, it has been reported. The [...]
China could ‘veto’ US access to the world, Trump document says

January 24, 2026

China could “effectively veto” the US’s access to trading in the Indo-Pacific if the world’s second largest economy continues to build up its military forces, the Trump administration’s national defence strategy paper has said, putting Keir Starmer’s Chagos deal under intense scrutiny. A document published by President Trump’s Department of War has described China as [...]
Rayner to back Burnham’s Westminster bid

January 24, 2026

Labour MPs will gather amid speculation that Andy Burnham could seek to stand for a Westminster by-election and challenge the Prime Minister’s authority, with former deputy prime minister Angela Rayner expected to support the Manchester Mayor’s potential bid to become an MP. The conference of Labour’s north-west England MPs will see former deputy prime minister [...]
Consumer confidence has been negative for 10 years

January 23, 2026

Consumer confidence inched up slightly this month despite remaining in negative territory, a leading survey has indicated, indicating a degree of “resilience” despite a decade of consumer pessimism. The overall index score on GfK’s closely monitored consumer confidence survey rose by one point while feelings about personal finances over the next 12 months edged [...]
Prison porridge costs taxpayers £165m a year

January 22, 2026

Porridge, baked beans and other prison food cost taxpayers a combined £165m a year, City AM can reveal, as questions around spending efficiencies loom over the Ministry of Justice. The government has signed a blockbuster £826.7m deal with a leading catering distributor to supply food for prisoners and staff. BFS Group, a subsidiary of South [...]
Nigel Farage: Reform will tax the banks even if they don’t like it

January 22, 2026

Nigel Farage has confirmed Reform will slap a tax on the UK’s banking giants in the latest dramatic escalation of his party’s tensions with the City. Speaking at the World Economic Forum in the Davos, Farage said: “This will be tough for banks to accept but I am sorry – the drain on public finances [...]
Total UK government borrowing beats OBR forecast

January 22, 2026

UK government has already borrowed more this year than the Office for Budget Responsibility forecast, official data has revealed, wrapping up a difficult 12 months for Rachel Reeves as she grapples with keeping public finances safe from further shocks. The Office for National Statistics (ONS) estimated public sector borrowing to have been £11.6bn over the [...]

Natwest hikes dividend after profit hits post-financial crisis high

Two-job Townsend is on the brink but deserves break from Scotland fans

The unlikely City florist that once served the royals

By: Mauricio Alencar

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