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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Pressure on Bank of England and Reeves as inflation spikes

July 16, 2025

The UK economy is at risk of ‘stagflation’ after official data revealed that inflation edged up to 3.6 per cent in June, putting further interest rate cuts by the Bank of England at risk. In the latest set of price growth data before the next monetary policy decision in August, the Office for National Statistics (ONS) reported that [...]
OBR chief says higher tax is ‘not good’ for growth – or the government

July 15, 2025

Chancellor Rachel Reeves risks harming the UK economy’s potential to grow by inflicting extra tax hikes on Brits, the fiscal watchdog has warned, adding that the government risks losing out on returns in the longer run. Rachel Reeves looks poised to raise taxes at this year’s Autumn Budget as leading City analysts believe the higher [...]
Bank of England looks for jobs data revisions ahead of rate decision

July 15, 2025

The Bank of England will be looking out for any revisions to the number of people pushed out of work on Thursday when the Office for National Statistics (ONS) publishes fresh jobs data, with an interest rate decision set to hinge on the extent of the deterioration in the labour market. Last month, the official [...]
Government set up secret £850m scheme to offer Afghans asylum after data breach

July 15, 2025

The UK government set up a secret £850m scheme to relocate some 25,000 Afghans and their families after an unprecedented data breach put them at risk of persecution from the Taliban. The leak of the identities of thousands of Afghans, including those applying for asylum, came in early 2022 when a soldier inadvertently sent a [...]
Reeves seeks to spark retail investor revolution

July 15, 2025

High street banks Barclays and Lloyds will lead an advertising campaign to encourage more Brits into retail investing as part of a wider effort to get savers to boost the UK economy. In rallying calls to financial services, Chancellor Rachel Reeves has unveiled a campaign to encourage savers to invest in stocks and bonds, drawing [...]
Sajid Javid joins calls to replace ‘unfit’ NHS with insurance model

July 14, 2025

Former health secretary Sajid Javid has joined calls for a major overhaul of the National Health Service (NHS) that would see it replaced by a universal social insurance-based model. Javid said a “serious conversation with taxpayers” about how to fund the institution was “long overdue,” throwing his weight behind a paper by Policy Exchange which [...]
Wealth tax would take years to set up, Labour warned

July 14, 2025

The introduction of a wealth tax would take years to set up as well as substantial investment in “additional personnel” and tools to track assets, a leading City bank has warned. Cabinet ministers including Keir Starmer have refused to rule out a wealth tax in the last week, with the government preparing for a revenue-raising [...]
Rachel Reeves ducks ‘speculation’ despite tax pledge confusion

July 14, 2025

Chancellor Rachel Reeves ducked questions about her Autumn Budget plans despite growing confusion over tax pledges and definitions of “working people”. In an interview on Monday, the chancellor reiterated the government’s pledge not to raise the rates of income tax, national insurance or VAT. But Reeves declined to comment on whether she would introduce a [...]
High inflation ‘not sufficient’ to scupper Bank of England interest rate cuts

July 14, 2025

June inflation data showing a 3.4 per cent year-on-year rise in prices would not put Bank of England officials off voting for an interest rate cut in August, leading economists have said. A Bloomberg poll of City analysts has predicted that inflation will remain above the Bank’s two per cent target as price growth is [...]
Mansion House: UK giants to agree to pick high-return pension schemes

July 14, 2025

UK giants Tesco and NatWest Group are set to answer the City of London Lord Mayor’s calls to focus on driving returns rather than getting bogged down by fee costs when picking pension schemes for employees. Ahead of the Mansion House speech on Tuesday, the Lord Mayor criticsed UK companies for choosing providers that charged [...]

Blair think tank turns fire on Labour over wage hikes and tax squeeze

Why Nike’s split with Raducanu is a conscious uncoupling

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Mauricio Alencar

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