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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FTSE 100 Live: Shawbrook confirms IPO; Aston Martin hit by tariffs

October 6, 2025

Good morning from the City AM liveblog team. After a worryingly-long drought, the London IPO market roared back to life this morning following a shot in the arm last week. Shawbrook has kicked off the week putting the City on the front foot after confirming intentions of a float. It’s a major boost, one that [...]
Oxford Street pedestrianisation boosts sales, survey finds

October 6, 2025

The pedestrianisation of Oxford Street led to higher sales at the majority of stores on the busy high street, a new survey has found, with business chiefs praising efforts to make traffic-free days more frequent. Oxford Street was closed to traffic for eight hours on Sunday 21st September in a pilot test for further plans [...]
Capital gains tax raid should have ‘health warning’, Labour warned

October 6, 2025

Labour risks stunting growth and discouraging investment if it pursues further capital gains hikes, tax advisers have warned, as reforms proposed by top think tanks were pushed back on by industry figures. Rachel Reeves and Keir Starmer have talked up the prospects of attracting investment in the UK and making the wider tax system fairer [...]
Tories commit to £47bn savings package to ‘restore public finances’

October 6, 2025

The Tories have committed to making £47bn in savings across the welfare state and Whitehall to “ensure the country lives within our means”, in a radical pledge that aims to restore the beleaguered party’s reputation for fiscal responsibility. In a speech to Tory party members in Manchester on Monday, Shadow Chancellor Mel Stride will claim [...]
Business chiefs would be ambassadors if Tories re-elected

October 4, 2025

Business chiefs would be made ambassadors to represent the UK’s interests abroad if the Tories were re-elected into government. Leaders from the private sector would be part of a “cultural revolution towards commerce” under a Conservative government, according to shadow business secretary Andrew Griffith and shadow foreign secretary Priti Patel. In an article for the [...]
Rachel Reeves mulls hiring ‘outsider’ for banking watchdog role

October 4, 2025

Chancellor Rachel Reeves is looking to hire a City heavyweight to succeed Sam Woods as the chief executive of the main banking watchdog once his term ends in the middle of next year, it has been reported. Sam Woods’ term as chief executive of the Prudential Regulation Authority (PRA), the watchdog which is part of [...]
OBR hands Rachel Reeves first damning pre-Budget report on UK economy

October 3, 2025

The Office for Budget Responsibility (OBR) has handed Chancellor Rachel Reeves its first evaluation of the state of the UK economy and crippled public finances, setting policy discussions about likely £30bn tax rises and possible savings in motion. The OBR’s Budget Responsibility Committee, which consists of the economists Richard Hughes, David Miles and Tom Josephs, [...]
Explainer: Why are energy prices so high?

October 2, 2025

Energy prices for consumers across the UK rose again this month. Ofgem, the energy regulator, set the maximum annual rate for an average household for gas and electricity at £1,755 until the end of the year. The cap is now over £600 higher than when it was first introduced in 2019. Under the cap, [...]
Thames Water creditors offer £4bn debt write-off

October 2, 2025

Creditors of Thames Water have made a rescue offer for the failing company by allowing a £4bn write-off of their debt in return for changed targets on pollution incidents. The deal would see 25 per cent of Thames Water’s debt written off but the group, under the consortium London & Valley Water, would see regulators [...]
Remove windfall taxes on North Sea oil, bosses tell Rachel Reeves

October 2, 2025

Chancellor Rachel Reeves should abolish windfall taxes on oil and gas producers in the North Sea, top bosses have said. In a new report setting out UK businesses’ proposals for the Budget, the Chancellor has been urged to focus on cutting energy costs for firms and set out a clearer plan for the North Sea’s [...]

Digital push at Sun owner News UK lifts revenue, but profits lag

Woods to McIlroy: How Tiger Slam at Masters reshaped economics of sport

The Lake District but thrilling, with yacht trips and 4×4 off-roading

By: Mauricio Alencar

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