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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Autumn Budget Live: Wealthy, landlords and pensions hit in £26bn tax raid

November 26, 2025

Welcome back to the City AM liveblog. In a shocking turn of events the UK fiscal watchdog has accidentally released the economic forecasts – intended to be published after the Budget – before the Chancellor even took to the despatch box. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on [...]
Business chiefs: Employment will be hit by minimum wage hike

November 25, 2025

Business chiefs have criticised Rachel Reeves’ decision to hike the national living wage by more than 4 per cent for most British workers at the Budget. In a final announcement before unveiling the full set of fiscal measures, the Chancellor said she would back the Low Pay Commission’s recommendations to raise the minimum wage to [...]
Labour MP warns Budget could force founders out of UK

November 25, 2025

A Labour backbencher has joined industry leaders and a left-leaning pressure group in warning that the Budget could kill the UK’s aspirations of building a competitor to Silicon Valley and force more firms to look for investment outside of the country. In an open letter to Rachel Reeves, Sarah Edwards, a Labour MP who sits [...]
Labour to hold fire on ‘fish disco’ nuclear power reform due to ‘legal advice’

November 25, 2025

The Labour government is set to hold fire on pushing through sweeping reforms to nuclear energy due to a legal adviser’s concerns over the “UK’s environmental, trade and human rights obligations”, it has been reported. The Innovate UK member John Fingleton published a damning report on red tape blocking the expansion of the country’s nuclear [...]
Reeves demands bank chiefs back Budget

November 25, 2025

Top bank chiefs are expected to praise Rachel Reeves’ Budget measures, according to reports, as the Chancellor looks set to dismiss calls for extra taxes on the sector. Lenders are being encouraged to back the government and follow through with extra investment plans to support Britons up and down the country, a report in the [...]
Ex-OBR chiefs: Reeves was warned about productivity downgrade

November 25, 2025

Chancellor Rachel Reeves was warned about costly productivity downgrades and should have left a bigger fiscal headroom at the Spring Statement, former Office for Budget Responsibility (OBR) officials have said. Speaking to City AM, a number of leading economists raised questions around Reeves’ statements suggesting an OBR review of productivity trend forecasts has forced her [...]
CBI chair condemns ‘incoherence’ of Labour’s Employment Rights Bill

November 24, 2025

Rupert Soames, the outgoing chair of the Confederation of British Industry, has lambasted the Labour government for promising to cut regulatory burdens while pushing ahead with its Employment Rights Bill and adding to the cost of hiring. In a closing speech at the CBI’s annual conference on Monday, Soames questioned the government’s performance and “flakey [...]
Welfare system in ‘crisis’ as number of Brits on out-of-work benefits exceeds 5m

November 24, 2025

The number of people claiming benefits with no requirement to work has increased beyond 5m, new analysis has found, amid fresh calls for the government to tackle welfare reform in the near term. Analysis by the Centre for Social Justice has estimated that the total number of people on Universal Credit and those on Employment [...]
OBR to downgrade growth forecasts ‘in every year’ to 2030

November 24, 2025

The Office for Budget Responsibility (OBR) is set to downgrade growth forecasts at the Budget this week for every year of the forecast period amid revisions to trend productivity projections. Sky News reports that the OBR is expected to cut its growth predictions, which have been more optimistic than those published by City forecasters, in [...]
Peter Kyle: We will not pit businesses against unions

November 24, 2025

Peter Kyle has said businesses can contribute to more than two dozen consultations around sweeping measures in the Employment Rights Bill to make themselves heard on extra regulatory costs as the business secretary launched a defence of union bosses’ contributions to reforms. Speaking to an audience of business leaders at the Confederation of British Industry [...]

Strait of Hormuz closed over ceasefire violations, says Iran

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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