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.

Connect on socials

All 1294 Articles

Security adviser made ‘independent decision’ to use Labour policy in Chinese spy statement

October 16, 2025

A Labour minister has claimed the deputy national security adviser made an “independent decision” to use what appeared to be the political party manifesto’s wording in his witness statement provided to the the Crown Prosecution Service (CPS) regarding the alleged collapsed spying case. Cabinet Office minister Chris Ward doubled down on political claims that the [...]
UK economy grew 0.1 per cent in August

October 16, 2025

The UK economy grew by 0.1 per cent in August, Office for National Statistics (ONS) figures have shown, with a struggling construction sector in the month weighing down on output across the UK. The ONS data indicated on Wednesday morning the UK economy was set for a significant slowdown after an upswing in spending over [...]
FTSE 100 Live: GDP ‘stumbles’ to end of year, Premier Inn owner’s earnings dip

October 16, 2025

Good morning from the City AM liveblog team. Amid all the doom and gloom, it was a moment to cheer for bankers in the Square Mile yesterday. Rules governing bonuses are getting relaxed, which could lead to a tastier payout come the new year. The new rules will allow part-payment of bonuses for the most [...]
Reeves faces ‘Groundhog Day’ as Budget tax hikes loom

October 16, 2025

Chancellor Rachel Reeves risks having to hike taxes ever higher in forthcoming budgets if she leaves herself with £9.9bn in headroom, a joint report by Barclays and the Institute for Fiscal Studies (IFS) has warned. The research has suggested that spending cuts would send a “crucial” signal to the bond markets that the government had [...]
China ‘stole vast amounts’ of classified UK documents

October 15, 2025

UK intelligence has been “compromised” after China stole classified UK government documents over several years, a former senior adviser to Boris Johnson has claimed. Dominic Cummings, who served as a senior adviser to former Prime Minister Boris Johnson for over a year, has said that classified material was stolen by China and the label “threat” [...]
Downing Street refuses to rule out breaking Labour tax pledges

October 15, 2025

Downing Street has refused to rule out breaking Labour manifesto tax pledges not to raise income tax, national insurance for workers or VAT, in a further indication that the government could look to raise revenue through one of the three big taxes. The Labour Party vowed not to raise national insurance, VAT or income tax [...]
Starmer attempts to defuse China spy fiasco as tempers flare

October 15, 2025

Keir Starmer is looking to defuse a fiasco surrounding the collapse of an alleged Chinese spy case in parliament in the face of ongoing questions over whether national security advisers discussed the details of the case in private meetings. Starmer told MPs at Prime Minister’s Questions on Wednesday that the government would release witness statements [...]
Starmer’s business adviser is ‘frontrunner’ to be US ambassador

October 15, 2025

Keir Starmer’s business adviser is a frontrunner to replace Peter Mandelson as the UK’s ambassador to the US, according to reports. Varun Chandra, a former venture capital executive who has had to curry favour with business leaders and investors in a difficult year for the UK economy, is being considered for the important diplomatic role [...]
Rachel Reeves: We are looking at tax hikes

October 15, 2025

Chancellor Rachel Reeves has revealed the government is considering making tax hikes at this year’s Budget, the first time she has made the admission in public. In an interview with Sky News, Reeves admitted that the government was considering raising tax and cutting spending to fill a fiscal hole. The Chancellor said she would “always [...]
Reeves to limit legal challenges to key infrastructure projects

October 15, 2025

Chancellor Rachel Reeves has ordered courts to open hearings on judicial review processes which could threaten to block critical infrastructure projects within four months of an application being made as part of a pre-Budget rush to introduce growth-inducing reforms. As part of a new set of planning-related proposals on Wednesday, the High Court will have [...]

‘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

All 1294 Articles

Subscribe