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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Recruiters suffer from sharp slowdown in permanent hiring

December 7, 2025

Recruiters suffered a sharp slowdown in setting up permanent placements for job seekers in 2024, with an industry group suggesting the number of positions had fallen by more than a third compared to 2023. The Recruitment and Employment Confederation (REC) said the UK economy’s lacklustre performance in recent years had hit businesses seen as essential [...]
Netflix snaps up Warner Bros in blockbuster £54bn deal

December 5, 2025

Netflix has clinched a blockbuster deal to take over Warner Bros in a major shake-up of the film and streaming industry. In an announcement on Friday, it was formally announced that Netflix would take over the major streaming and film company Warner Bros in an agreement worth $72bn (£54bn). Should the deal pass regulatory checks, [...]
Bank of England decision to cut interest rates could be ‘closer call’

December 5, 2025

The Bank of England’s expected decision to cut interest rates by 25 basis points could be a “closer call” than markets predict, analysts have said. Markets have all but priced in interest rates falling to 3.75 per cent at the Bank’s next decision in mid-December after a flurry of data points pointed to a continued [...]
Labour minister: Life is s**t for young people

December 5, 2025

A Labour minister has offered a candid assessment of life in the UK in reaction to a news story about the costs associated with housing and raising children. In a post on X, Josh Simons, the parliamentary secretary for the Cabinet Office who co-founded the Labour Growth Group, said life for young adults wanting to [...]
Bank of England: Businesses cut staff at fastest pace since pandemic

December 5, 2025

British businesses cut jobs at the fastest rate since the pandemic in the run-up to Rachel Reeves’ Autumn Budget. A closely-watched survey from the Bank of England, which quizzes finance directors on their staffing levels, showed employment in the private sector fell by 1.8 per cent in November – the steepest monthly decline since July [...]
Stride criticises FCA for not investigating Treasury

December 4, 2025

Shadow Chancellor Mel Stride has criticised the Financial Conduct Authority (FCA)’s decision to hold back from launching an investigation into whether the Treasury engaged in market manipulation before the Budget, adding that there was a risk of a “precedent” being set where confidential information is leaked “without consequence”. Earlier on Thursday, FCA chief executive Nikhil [...]
Construction in worst downturn for five-and-a-half years

December 4, 2025

The construction sector suffered its worst downturn in output for five and a half years last month, new figures have shown, in a warning to the Labour government as it hopes to build 1.5m homes by 2030. A monthly S&P Global survey showed that the decline in output rapidly accelerated over the month, with the [...]
Reform UK receives £9m donation from billionaire businessman Christopher Harborne

December 4, 2025

Reform UK has received the largest ever political donation from a single living person as Thai-based billionaire Christopher Harborne injected £9m into the party. Reform’s precursor organisation, the Brexit Party, previously received donations from Harborne in 2019 and 2020 but it had not yet received donations directly from the billionaire. His £9m donation in August [...]
The Leaky War: How Rachel Reeves and the OBR came to blows

December 4, 2025

Between 5:16am and 11:30am on the day of the Budget, as Rachel Reeves was putting the finishing touches to her House of Commons speech, 7 audacious internet users made 44 attempts to break into the servers of Britain’s fiscal watchdog to get an early glimpse of her plans. An hour before Reeves stood up in [...]
Starmer blames sweeping tax hikes on Tories

December 3, 2025

Keir Starmer blamed sweeping tax hikes at the Budget aimed at funding extra welfare spending and building a larger fiscal buffer on the previous Conservative government’s economic performance. Responding to questions from opposition leader Kemi Badenoch on whether tax rises were necessary, Starmer pointed the finger at a £16bn downgrade to productivity forecasts by the [...]

Revolut US licence win ‘strengthens pre-IPO story’

RFU left waiting on Twickenham gig planning meeting after NIMBY opposition

Open House Festival: The best guided walks in the Square Mile

By: Maurício Alencar

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