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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‘Panic mode’: FTSE 100 sinks as oil spikes on Iran’s energy threats

March 18, 2026

Markets were thrown into “panic mode” on Wednesday as the surging price of oil rattled global equities. The price of Brent crude – the international benchmark for oil – spiked as much as five per cent to $110 per barrel as energy facilities across the Gulf faced evacuation following the latest threats from Iran. The [...]
MPs urge government to escape ‘regulation by default’

March 18, 2026

Ministers should overhaul the government’s approach to regulation as adding new rules has become an “easy” tool, according to a report backed by MPs from across the political spectrum. Researchers at Re:State, a non-partisan think tank focusing on growth and Whitehall governance, said justification for new red tape should have a higher bar and be [...]
Badenoch says ‘strong woman’ should replace Starmer

March 18, 2026

Kemi Badenoch called for a “strong woman” to replace Sir Keir Starmer as Prime Minister after repeated refusals to answer whether he spoke to Lord Peter Mandelson before appointing him as ambassador to the US. Badenoch attacked Starmer for deflecting questions about Mandelson, even as the Prime Minister’s spokesman confirmed last week that it was [...]
Government ‘must not delay’ over Abramovich’s £2.5bn Chelsea funds, Tories say

March 18, 2026

Shadow chancellor Mel Stride has insisted the government “must not delay taking further action” against Roman Abramovich to unlock £2.5bn held after his sale of Chelsea. The Russian was forced to offload the Premier League club in 2022 after Vladimir Putin’s invasion of Ukraine, with the proceeds of the sale to a consortium led by [...]
City fears Rayner’s rise as she warns Starmer that Labour is ‘running out of time’

March 18, 2026

Angela Rayner’s ascendancy to the Labour leadership has been flagged as a risk for public finances as the former deputy prime minister said the party was “running out of time”. At a rally on Tuesday night, Rayner suggested that Labour was viewed as representing “the establishment” and said the party’s survival was “at stake”. She [...]
Reeves pledges ‘strategic state’ amid end of globalisation

March 17, 2026

Chancellor Rachel Reeves has promised to create an “active and strategic” state as she warned that “globalisation as we once knew it is dead”. In a flagship lecture at the Bayes Business School on her growth agenda, Reeves suggested the size of the state had been expanded since Labour took office as part of a [...]
Reform UK pledge energy tax cut in swipe at Labour

March 17, 2026

Robert Jenrick has said Reform UK would strip VAT from energy bills months after the government flirted with the £2bn tax cut, deepening the party’s row with Labour. The “shadow chancellor” said Reform would strip VAT and green levies from household energy bills if it came to power, thereby saving households an estimated £200. Party [...]
Bank of England ‘should wait’ before cutting interest rates, City AM Shadow MPC says

March 17, 2026

The Bank of England should “wait and see” how long the war in Iran goes on for before cutting interest rates again, leading economists on City AM’s Shadow Monetary Policy Committee have said. The crisis in the Middle East has pushed up energy prices and heightened fears that the UK economy is heading for a [...]
Reeves vows UK will ‘beat G7 at AI adoption’ as she searches for growth agenda

March 16, 2026

Chancellor Rachel Reeves will promise that the UK will beat G7 counterparts in adopting AI over the coming years with fresh investment set to focus on quantum computing and researchers specialising in healthcare, clean energy and national security. In a speech on Tuesday afternoon, Reeves is expected to set out the government’s AI ambitions to [...]
‘Digging a hole then filling it in’ – Labour to subsidise youth employment

March 16, 2026

The Labour government is set to hand businesses cash to hire benefits claimants in a bid to lower the number of under-25s not in education, employment and training, otherwise referred to as ‘Neets’. Pat McFadden, the work and pension secretary, unveiled a new £3,000 subsidy scheme for employers taking on young people who have not been [...]

OpenAI safety chief quits with warning on ‘broken’ culture

Gary Neville ups ante in media battle with Gary Lineker with launch of Overlap Daily

Jousting, goblins and furries: Dispatch from a UK renaissance faire

By: Maurício Alencar

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