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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OBR expected to flag warning over Healey’s spending pressures

October 21, 2026

Britain’s fiscal watchdog is likely to sound the alarm on the spending pressures facing the government when it lays out its analysis of the Budget next week, economists have predicted, in what would be a significant move signalling the scale of the challenges facing the Chancellor. John Healey is facing a crunch Spending Review next [...]
Andy Haldane: This will be ‘a Budget for the backbenchers, not business’

October 20, 2026

A former Bank of England chief economist has warned he expects to see “further borrowing” and “further tax rises” in next week’s Budget as he threw his weight behind Kemi Badenoch’s plan on the UK economy. Speaking at an Ipsos event, Andy Haldane said the Budget has been a “less lengthy and a less leaky [...]
Healey’s cost of living battle just got harder as workers face ‘real terms pay cut’

October 20, 2026

Andy Burnham and John Healey have spoken at length about efforts to provide “breathing space” to both households and businesses. This task at next week’s Budget has now become more difficult. Over the summer the jobs market continued to weaken. Workers are at risk of being worse off while job seekers are finding it harder [...]
Badenoch urges Healey to avoid ‘fictional cuts’

October 20, 2026

Tory leader Kemi Badenoch has urged Chancellor John Healey to focus on urgently cutting spending and avoid making “fictional cuts” at the end of parliament. In a speech in London on Tuesday, Badenoch will warn that Labour’s deficit reduction plans rely on “huge cuts to the public sector in the final year of the spending [...]
John Healey rules out capital gains tax hike in Budget

October 20, 2026

John Healey has squashed speculation he will raise capital gains tax in the forthcoming Budget after rejecting calls from his Cabinet colleagues. The Treasury was facing lobbying efforts from top ministers, including Louise Haigh and Wes Streeting, to raise the capital gains tax (CGT) rate from its current level of 24 per cent for higher [...]
Job vacancies fall below 700,000 for first time in over five years

October 20, 2026

Job vacancies have fallen below 700,000 for the first time in over five years, official data has shown, as the UK labour market continued to show signs of weakening. The Office for National Statistics (ONS) said vacancy levels decreased in the three months to September by 21,000. It means the number of job vacancies stood [...]
Why Healey will miss a £25bn bonus from better productivity

October 20, 2026

The UK economy’s productivity picture has radically changed in the last year. Maurício Alencar considers what this could mean for John Healey. For weeks leading up to last year’s Budget, reports dripping from so-called Treasury sources insisted it was not Rachel Reeves’ fault that tax hikes worth billions of pounds were on the horizon. The [...]
Sir James Dyson calls for more ‘technical universities’ to help Neets

October 19, 2026

Sir James Dyson has called for “a new wave of technical universities” to be opened in the UK in order to boost young people’s skills. Dyson has endorsed a report by Policy Exchange demanding the opening of new engineering and construction qualifications in order to reduce the number of young people not in employment, education [...]
Goldman Sachs to host Badenoch for City charm offensive

October 19, 2026

Kemi Badenoch will step up her business charm offensive after the Budget with a roundtable hosted by Wall Street giant Goldman Sachs, City AM can reveal. The Tory leader will co-host a lunch for founders, investors and chief executives from across the UK alongside Goldman Sachs International’s chief executive, Anthony Gutman, City AM understands. The [...]
Bailey: Businesses trying not to pass costs on to consumers

October 16, 2026

Bank of England governor Andrew Bailey has said businesses are resisting decisions to pass higher energy costs onto consumers and instead looking to narrow margins and find other savings. Speaking at an International Monetary Fund event in Bangkok, Bailey said firms were “clearly squeezing margins as well as cost cutting” in order to deal with [...]

Nandy flags downsides of closer EU relations

Women’s football doesn’t need to become men’s football to succeed

The Capitalist: City AM reporter gets royal trashing by AI slop

By: Maurício Alencar

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