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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Rachel Reeves to raise ‘stealth and sin’ taxes to cover black hole

August 15, 2025

Rachel Reeves is set to hit British consumers with extra “sin taxes”, leading forecasters have predicted, which are widely seen as regressive taxes that could hit people on lower income. The Chancellor faces having to raise £20bn in taxes at this year’s Autumn Budget to restore her “already paltry” margin of £9.9bn in headroom, according [...]
Business investment falls as alarm bells rung on low productivity

August 14, 2025

Business investment fell by four per cent in the second quarter of the year despite moderate growth of 0.3 per cent, official data has shown, as top economists are ringing alarm bells on low productivity levels across the UK economy. The Office for National Statistics (ONS) said there was a dramatic fall in investment compared [...]
Training investment has dropped by £10.9bn since apprenticeship levy introduced

August 14, 2025

Investment in training has dropped by £10.9bn since the apprenticeship levy was introduced in 2017, fresh analysis has shown, with calls growing for Labour to speed up its overhaul of skills programmes. In a new report by the Fabian Society, which is affiliated to the Labour Party, the government has been warned that the apprenticeship [...]
UK economy grows faster than expected in June

August 14, 2025

The UK economy grew 0.4 per cent in June, official data has shown, in an unexpected turnaround following months of tariff and tax uncertainty. In the second quarter, GDP rose by 0.3 per cent after declining in both April and May. The Office for National Statistics (ONS) said the UK services sector, which makes up [...]
Employers say university degrees ‘not essential’ in results day boost

August 14, 2025

The majority of employers believe university degrees are not essential for success in entry-level roles as A-level students are brimming with confidence despite a tough jobs market, fresh polling has suggested. In a boost for young people not attending university after results day, a survey by the jobs platform Indeed has suggested that 68 per [...]
Labour warned tightening inheritance tax would ‘stymie growth’

August 13, 2025

Plans to tighten inheritance tax rules on gifting and passing assets on to family members before death would damage UK growth and could lead to “regret” within the government, Labour has been warned. Treasury officials are reportedly considering changing rules which allow Brits to pass on assets to younger family members over seven years before [...]
Labour lines up advisers for Thames Water administration

August 12, 2025

Labour ministers have reached out to top insolvency practitioners in the scenario Thames Water falls into special administration, it has been reported. The UK’s largest water company is at a crisis point after private equity giant KKR pulled out of a multi-billion pound investment deal that could have offered it a lifeline given Thames Water [...]
Third of young Brits favour authoritarian leader over democracy

August 12, 2025

A third of young adults said they would back an authoritarian system if leaders could take decisions more quickly, a new poll has said, in signs new voters believe the UK’s social contract is breaking down and belief in the principles of democracy are fading. In fresh research led by Adam Smith Insights, a sister [...]
Why business confidence is all over the place

August 12, 2025

Kemi Badenoch looked aghast but Keir Starmer was defiant. Business confidence was at a nine-year high, the prime minister declared in the House of Commons in mid-July. The Conservative Party leader was not having any of it. Neither were many economists and analysts watching from the City. What Starmer claimed was not false, per se. Research [...]
Wage growth hits five per cent as more jobs shed

August 12, 2025

Wage growth hit five per cent June as more jobs were shed due to higher labour costs introduced by Chancellor Rachel Reeves, official data has revealed. Pay growth excluding bonuses in the three months to June was the same as the month before, according to the Office for National Statistics (ONS), in a caution to [...]

Gucci sparks backlash with AI-generated ads ahead of fashion week

Manchester United: Ratcliffe’s cuts take club from red to black

London is the best food city in the world – here are 3 reasons why

By: Mauricio Alencar

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