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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Wealth and stealth: Starmer eyes fresh tax hikes

July 9, 2025

Keir Starmer has refused to rule out a wealth tax or so-called stealth taxes, a day after the fiscal watchdog said unfunded spending commitments on welfare put the public finances under intense pressure. The Office for Budget Responsibility (OBR) gave a damning verdict of the state of public finances in a comprehensive report published on [...]
London firms turn to hiring part time workers

July 9, 2025

Businesses across London have turned to hiring more part-time workers ahead of a hot summer, with higher employment taxes prompting owners to offer more flexible work. A new survey by the London Chamber of Commerce and Industry (LCCI) has found that the capital city’s economy was in recovery mode, with sales rising and cash flows [...]
Sir Robert Chote to leave UK Statistics Authority

July 8, 2025

Sir Robert Chote has resigned as chairman of the UK Statistics Authority, which oversees official data published by a range of bodies including the Office for National Statistics. The UK Statistics Authority, an arms-length government body, has been involved in scrutinising the ONS’s troubles. Chote, who joined the UK Statistics Authority in 2022, will become [...]
Rachel Reeves to face fresh blow with sluggish growth data

July 8, 2025

The UK economy is expected to have grown by a miserly 0.1 per cent in May, consensus among City economists suggests, undermining Chancellor Rachel Reeves’ commitment to deliver higher growth. The government’s difficult two weeks could get a whole lot worse on Friday morning when the Office for National Statistics (ONS) publishes data on GDP [...]
Brits back spending cuts over tax rises

July 8, 2025

Voters prefer spending cuts over tax rises, fresh polling has found, putting Chancellor Rachel Reeves at odds with an electorate that has become frustrated with her economic policies. Rachel Reeves set spending pledges in stone in June when she confirmed Labour would boost day-to-day departmental and capital spending, with the NHS receiving a fresh three-year [...]
Post Office and Fujitsu chiefs ‘maintained fiction’ on faulty Horizon system

July 8, 2025

Post Office and Fujitsu managers were aware the Horizon IT system was flawed and “maintained a fiction” that the accounting data it produced was accurate. In his report on the first part of an inquiry into the Post Office scandal, chair Sir Wyn Williams said dozens of postmaster victims of “wholly unacceptable behaviour” by business [...]
Rishi Sunak will donate Goldman Sachs salary to charity

July 8, 2025

Former Prime Minister Rishi Sunak has rejoined Goldman Sachs as a senior adviser, adding to post-government roles he holds while still sitting as an MP, though his salary from the investment banking giant will be donated to a maths charity. Sunak worked at Goldman Sachs as a summer intern in 2000 and as an analyst [...]
UK cannot afford triple lock pension, OBR says

July 8, 2025

The UK government cannot afford to keep the triple lock pension, the Office for Budget Responsibility (OBR) has warned. Chancellor Rachel Reeves has faced staunch opposition from within her own party and seemingly from the wider electorate over cuts to welfare spending as she bids to meet fiscal rules that prevent high borrowing from further [...]
OBR warns unfunded spending to damage UK finances amid ‘daunting’ risks

July 8, 2025

The UK economy is set for a “daunting” year as the Office for Budget Responsibility (OBR) has warned unfunded spending commitments and global trade tensions are likely to damage public finances. Chancellor Rachel Reeves is facing pressure to assuage Labour backbenchers by not cutting welfare spending while also upholding a pledge not to raise tax [...]
Charities ‘penalised’ by Rachel Reeves’ taxes

July 8, 2025

Chancellor Rachel Reeves’ hike to employers’ national insurance contributions (NICs) has “penalised” staff at charities up and down the UK, a new study has suggested. Rachel Reeves has reportedly suggested the £20bn tax raid on mid-sized firms was “low hanging fruit” to provide extra funding for the NHS and schools. But the collateral damage from [...]

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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