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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Mel Stride vows ‘Big Bang’ as he targets careful City

March 6, 2026

Shadow Chancellor Sir Mel Stride is set to promise a new “Big Bang” on City regulation in a speech at a Conservative conference this weekend harking back to Margaret Thatcher’s financial reforms. Stride is set to decry the lack of risk-taking across the UK economy and suggest regulation has been a “vast yoke” on businesses. [...]
Middle East war could ‘bring down the economies of the world’

March 6, 2026

The war in the Middle East could “bring down the economies of the world” as oil prices could surge to $150 per barrel if Gulf energy exporters shut production, Qatar’s energy minister has warned. Saad al-Kaabi said that restarting the production of liquified natural gas (LNG) – after it shut down the largest plant in [...]
Four men arrested on suspicion of spying for Iran

March 6, 2026

Four men have been arrested on the suspicion of spying for Iran on the Jewish community, the Metropolitan Police has said. The men were suspected of conducting surveillance of Jewish people in London. One Iranian national and three British-Iranian nationals were arrested in the early hours of Friday morning in Barnet and Watford. They were [...]
Sadiq Khan invites Anthropic to move to London

March 6, 2026

Sadiq Khan has sent Anthropic’s chief executive Dario Amodei an invitation to move to London after the AI giant’s spat with President Trump. In a letter to the Anthropic boss, the mayor of London praised the company over its “steadfastness” against pressure after it refused to give the US military access to its tools over [...]
Treasury ignored DCMS gambling tax hike concerns before Budget raid

March 6, 2026

Whitehall raised questions about the amount of money a gambling levy could raise before Chancellor Rachel Reeves pushed ahead with tax hikes in the Autumn Budget. A Freedom of Information request seen by City AM shows analysis by the Department of Culture, Media and Sport in response to proposals by the Social Market Foundation and [...]
Inflation expectations eased before Middle East energy crisis

March 5, 2026

Inflation expectations among UK firms eased before President Trump launched a war against Iran, which has sent oil and gas prices spiralling and spooked financial markets. The Bank of England revealed in its latest decision makers’ panel survey that company directors expected price growth to be 3.3 per cent in the next year when asked [...]
Starmer vows to ‘resist pressure’ over Iran policy amid criticism of UK response

March 5, 2026

Sir Keir Starmer has vowed to “resist” pressure on the UK’s response to the conflict with Iran as he defended Britain’s “level-headed” military response. In a press conference on Thursday, Starmer suggested President Trump had left the Middle East “plunged into chaos” with his attack on the Iranian regime over the weekend. He said the [...]
Greg Jackson urges Labour to exploit North Sea oil as UK ‘stares down barrel’ of energy price shock

March 5, 2026

Octopus founder and government adviser Greg Jackson has urged Labour to “use what’s available” in the North Sea and rethink its key net zero policies. Jackson said the county was “staring down the barrel” of an energy price shock in light of the conflict in the Middle East. The Octopus chief executive who is also [...]
Construction hit by wet weather as low housebuilding weakens output

March 5, 2026

The construction sector was hit by “exceptionally wet weather” in February that caused delays and led to a decline in output, new research has shown. S&P Global’s purchasing managers’ index (PMI) showed the beleaguered sector suffered from an “accelerated downturn” in output last month. The construction PMI dropped to 44.5, below the 50-figure mark for [...]
Defence boosts Serco amid asylum hotel decline

March 5, 2026

Government defence contracts helped Serco deliver a higher profit in 2025 despite a drop in the use of migrant hotels, once a key revenue stream for the London-listed company. Serco, an outsourcing company that covers government work on everything from migrant hotels to waste collection, was boosted by higher state expenditure both in the UK [...]

WatchHouse CEO: Before I did coffee, I designed aquariums for billionaires

Saudi Arabia still open to sport investing, insists PIF, despite drastic cutbacks

Are buffets back? The rise, fall and rise again of the all-you-can-eat

By: Maurício Alencar

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