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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Starmer reprimands Reeves for ‘inadvertent failure’ over rental licence mishap

October 30, 2025

Sir Keir Starmer has sent a sharply worded email to Rachel Reeves criticising the Chancellor for misleading suggestions that she did not know she needed a licence to rent out her family home. Reeves has had to backtrack from earlier suggestions that she and her husband had not been aware of the Southwark Council rental [...]
Tories call for Starmer to sack Rachel Reeves

October 30, 2025

The Tories are calling for Keir Starmer to sack Rachel Reeves as Chancellor for breaking the law. In a ratcheting up of the political pressure on Reeves, the opposition party has said the Chancellor should be fired for failing to register her family home when she rented it out before moving to Downing Street. In [...]
Rachel Reeves considers income tax hike and national insurance cut

October 30, 2025

Chancellor Rachel Reeves is eyeing up a simultaneous 2p hike to income tax and 2p cut to national insurance, it has been reported, in an effort to raise some £6bn. Reeves is considering the controversial tax hike, according to The Telegraph, which would breach the Labour Party manifesto and risk infuriating voters. It would also [...]
Business owners still plan staff cuts due to last year’s NICs raid

October 30, 2025

Nearly half of business owners are still planning to reduce headcounts in response to Chancellor Rachel Reeves’ £25bn tax hike on employers’ national insurance contributions (NICs), a new survey has indicated, pointing to the long-lasting economic effects of a brutal tax raid in her first Budget. Reeves made sweeping tax hikes last year to fund [...]
Mel Stride rules out electoral pact with Reform

October 30, 2025

Shadow Chancellor Mel Stride has insisted the Conservatives will not strike an electoral deal with Reform UK due to their “completely ruinous” economic agenda. In an interview with a new online magazine led by the centre-right think tank Bright Blue, Stride said his party should avoid “indulging in populist politics” and focus on calling out [...]
‘Unprecedented’ number of small businesses expect to shrink or close down

October 30, 2025

A record number of small businesses are expecting to shrink or close down in the next year, a leading industry group has warned, amid a “vicious” cycle of low growth and fears that next month’s Budget could cause more pain for businesses. Nearly one in three of the UK’s small businesses (30 per cent) expect [...]
Keir Starmer refuses to rule out income tax raid at the Budget

October 29, 2025

Keir Starmer dodged questions on whether Labour would raise income tax, VAT or national insurance, the clearest sign yet that the government is looking at breaking key party manifesto commitments on taxes. During Prime Minister’s Questions on Wednesday, Kemi Badenoch grilled Starmer on whether Rachel Reeves was laying the groundwork for an income tax raid [...]
Reform pledges £9bn welfare savings as Tories urged to apologise

October 29, 2025

Reform UK has laid out a smaller savings package on disability payments than one planned by the Tories as opposition parties vie to gain credibility on welfare reform. Reform UK’s Lee Anderson, the party’s spokesman for welfare, set out plans on curbing personal independence payments (Pips) for under 25-year-olds and for people with “non-major anxiety”. [...]
Government-run survey casts doubt on Labour’s net zero push

October 29, 2025

A government-run survey has cast doubt on Labour’s push for net zero as Brits fear that it would push up living expenses in both the short and long term. The Department of Energy Security and Net Zero’s (DESNZ) own research has suggested that the government is losing the public’s faith in its mission to cut [...]
Firms brace for ‘difficult winter’ as tax burden weighs on activity

October 29, 2025

Companies across the private sector are braced for a “difficult” winter as activity is forecast to downturn across UK services due to mounting tax fears, fresh research has indicated. A leading survey by the Confederation of British Industry (CBI), considered to be one of the UK’s most influential business groups, has suggested that private sector [...]

‘Very concerned’: City watchdog scolds motor finance lenders over £9bn redress scheme

Dallas, Boston, New York New Jersey: Inside England’s Fifa World Cup stadiums

Glengarry Glen Ross at the Old Vic fails to close

By: Mauricio Alencar

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