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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Labour urged to ramp up defence spending

January 7, 2026

The Labour government is being urged to ramp up defence spending at a faster pace as opposition party leaders warned threats to Greenland, Ukraine and Nato required Keir Starmer to take swift action. Tory leader Kemi Badenoch and Liberal Democrat leader Ed Davey were among those demanding the government to bring forward a 2034 deadline [...]
Starmer summons business chiefs to join China trip

January 7, 2026

Downing Street officials are asking business leaders to join Keir Starmer on a visit to China later this month, it has been reported, amid tensions over the approval of its mega embassy near the City of London. The government is still looking to gather new business representatives to accompany Starmer to Beijing despite some concerns [...]
Construction marks full year of decline in blow to Labour

January 7, 2026

The construction sector has now marked one full year of a decline in output, according to a leading survey, blowing a hole in Labour’s ambitious housebuilding targets. S&P Global’s monthly survey showed the sector had fallen under a threshold for neutrality in output for the twelfth successive month. The reading for December was also the [...]
London Luton Airport says investment at risk due to Labour’s taxes

January 7, 2026

A £2.5bn proposal to expand one of London’s top airports is facing fresh challenges amid rising tax burdens, as the aviation sector feels the pain of Rachel Reeves’ business rates raid. The owner of Luton Airport, Labour-run Luton Council, had put together plans to build a new terminal and increase capacity from 18m to 32m [...]
Reform announces Laila Cunningham will run for London Mayor

January 7, 2026

Nigel Farage’s Reform UK has announced that Westminster City councillor Laila Cunningham will stand as its candidate to be the Mayor of London in 2028. In a press conference on Wednesday morning, Farage said Cunningham would also lead Reform’s local campaigns in London ahead of crucial council elections in May. During her speech, she criticised [...]
Starmer sends Trump warning on Greenland in sign of icy relations

January 6, 2026

Keir Starmer has joined EU countries in sending President Trump a warning to back off Greenland in another sign of tensions emerging between between the US and Western allies. In a statement on Tuesday, European leaders defended Nato member Denmark’s claim over the islands in the Atlantic Ocean, adding that the issue of control was [...]
Brexit division to return to parliament in bill for EU deal

January 6, 2026

New dividing lines are set to open up in parliament over the coming months as the government prepares to lay out a bill to get its EU “reset” deal signed off by MPs. Keir Starmer has signalled his intention to build closer trade ties with the world’s largest economic bloc in a bid to boost [...]
Cost burden on firms rise at fastest pace since May

January 6, 2026

Cost burdens on firms rose at their fastest pace since May as bosses dealt with wage growth pressures and sky-high energy prices, new data has indicated. S&P Global’s latest purchasing managers’ index (PMI), a monthly survey tracking hundreds of companies’ performances, showed that cost increases became heavier at the end of last year. Researchers said [...]
Finance chiefs fearful of war and geopolitical risks

January 6, 2026

Finance chiefs have begun the year fretting over the spectre of war and rising global tensions as President Trump’s shock operation to capture Venezuelan dictator Nicolas Maduro put investor nerves on edge. A quarterly survey by Big Four accounting firm Deloitte showed that “geopolitical risks”, which can include everything from higher tariffs to conflict and [...]
Employers brace for more layoffs as headcount expectations drop

January 6, 2026

Employers are preparing to lay off more staff as higher payroll costs from taxes and red tape are hitting headcount expectations, an industry survey has found. The Institute of Directors’ monthly business confidence survey showed that headcount expectations dropped in December after Rachel Reeves’ Budget unveiled a salary sacrifice cap and higher taxes on airports [...]

Unleash growth or you’ll have to hike taxes even higher, FTSE 100 boss warns Healey

Nottingham Forest reportedly terminate Edu contract

City of London’s Rolls-Royce limo converted to electric power

By: Maurício Alencar

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