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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OBR warns higher taxes could hit growth ‘by more than expected’

November 29, 2025

Chancellor Rachel Reeves has been warned that increasing the tax burden could leave the Office for Budget Responsibility (OBR)’s key forecasts on shakier ground as it becomes harder to predict how measures hamper growth. In the small print of its Budget report, the fiscal watchdog said increasing the tax take could lead to unforeseen consequences [...]
FCA pressed to investigate Treasury over Budget briefings

November 29, 2025

The Financial Conduct Authority has been urged to wade into the row between the Treasury and the Office for Budget Responsibility and investigate government briefings about a so-called £20bn fiscal hole. Scottish National Party leader Stephen Flynn urged the City regulator to investigate Reeves and other Downing Street officials over “deliberately false and misleading” briefings [...]
UK government denies brain drain due to high tax burden

November 27, 2025

The UK government has denied that more Brits are leaving the country because of a higher tax burden. The Prime Minister’s spokesman denied suggestions that tens of thousands of Brits were fleeing the country due to higher taxes after the Budget raised the burden by another £26bn to a historic high. City AM analysis showed [...]
Brain drain: Net migration plummets to pre-pandemic low as more Brits flee

November 27, 2025

Net migration has fallen to a pre-pandemic low, official statistics have shown, as successive Tory and Labour governments have looked to tighten controls on visas. The Office for National Statistics (ONS) has said net migration dropped to 204,000 in the year ending June 2025, around two-thirds lower than levels a year earlier. The large fall [...]
‘Deceiving’ Budget: Reeves to delay debt ‘repair’ amid interest rate hold fears

November 27, 2025

A left-leaning think tank has sounded the alarm on the the delay of the “repair job” for public finances after Rachel Reeves increased short-term borrowing levels to pay for higher welfare spending next year. The Resolution Foundation, which was previously headed by Treasury minister Torsten Bell, suggested Rachel Reeves’ Budget was “deceiving” by back-loading consolidation [...]
Budget 2025: Rachel Reeves announces £26bn tax raid

November 26, 2025

Chancellor Rachel Reeves has announced an avalanche of tax rises on the wealthy and on working people, adding up to £26bn to fund extra spending over the next five years, as she vowed to make the country more “secure”. Her biggest announcement included freezing income tax and national insurance thresholds until 2031 to raise £11bn [...]
‘Spend now, pay later’ – Reeves drags a million more Brits into higher rate tax

November 26, 2025

Nearly a million more people will be dragged into paying the higher rate of income tax as Rachel Reeves took the UK’s tax burden to an all-time high. In a Budget that aims to raise some £26bn in extra government revenue by the end of parliament, Reeves extended the income tax thresholds freeze, which economists [...]
Budget: Stealth tax raid making some earners £3,800 worse off

November 26, 2025

Freezing income tax thresholds is set to make a worker earning the median wage as much as £2,310 worse off had the measure never been introduced as Chancellor Rachel Reeves looks set to unleash a stealth tax raid at the Autumn Budget. Analysis by Quilter has revealed that extending the current freeze alone will add an [...]
Budget ‘chaos’ may stall interest rate cuts

November 26, 2025

The “chaos” around Budget measures may delay further interest rate cuts as the Bank of England figures through the effects of a flurry of tax rises, despite Rachel Reeves’ stated commitment to set the conditions for borrowing costs to be lowered. The Chancellor has said curbing the cost of living was a key “priority” at [...]
City readies up for Labour’s borrowing spree

November 26, 2025

Fixed income investors are readying for the Debt Management Office (DMO) to boost its gilt issuance for the current financial year, otherwise the level of UK government debt sold to traders, as the Labour government ploughs ahead with its borrowing spree. The DMO, an independent government body that oversees the sale of UK government bonds, [...]

Government to take on big tech in bid to boost British news

Platitudes in women’s sport are empty, patronising and offensive

Fogo de Chao nominated for Best Casual Dining Toast award

By: Mauricio Alencar

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