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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Businesses confidence slumps as Burnham prepares for power

July 1, 2026

Ministers must prioritise delivery over “changes in the machinery of government” if business confidence is to recover, one of Britain’s top lobby groups has said, in a warning to Andy Burnham as he prepares to shake-up Whitehall and shift power to the North of England. In its monthly business confidence survey, the Institute of Directors [...]
Starmer stumps up half the amount demanded by defence chiefs

June 30, 2026

Sir Keir Starmer has coughed up just half of the amount of funding military officials requested in the long-awaited Defence Investment Plan. During a speech led by defence secretary Dan Jarvis, Chancellor Rachel Reeves and the outgoing Prime Minister, ministers said they made the “right choices” and defended plans to back investment on drones and [...]
UK economy’s growth revised down amid first-quarter spurt

June 30, 2026

The UK economy grew by 0.6 per cent in the first quarter of the year, the Office for National Statistics has confirmed, yet the final figure for growth last year was revised down slightly. The ONS said on Tuesday that the UK economy grew at a faster pace than many had expected at the beginning [...]
Starmer to unveil hotly debated Defence Investment Plan in final act

June 29, 2026

Sir Keir Starmer will unveil the highly-anticipated Defence Investment Plan in one of his final acts as Prime Minister. Starmer will publish full funding plans for the Defence Investment Plan (Dip), the government’s 10-year blueprint for armed forces, on Tuesday. He will say that more than £5bn over four years will be invested into drones, [...]
‘Anti-growth’: Labour blocks City of London skyscraper plans

June 29, 2026

The government has been branded “anti-growth” by the City of London Corporation after a minister blocked plans to build tall buildings near the Tower of London. In a letter to planning chiefs, the housing minister Matthew Pennycock said the authority for the Square Mile should not be able to go ahead with its skyscraper plans [...]
‘Biggest change in our lifetime’ – Burnham vows ‘greater public control’ over utilities

June 29, 2026

Andy Burnham has vowed to empower local government to take “greater public control” over energy, housing, water and transport as councils are set to be handed greater powers as part of sweeping economic and political reform. In a speech on Monday setting out his 10-year vision to raise living standards, the likely next Prime Minister [...]
Burnham to unveil plans for devolution and ‘reindustrialisation’

June 28, 2026

Andy Burnham will unveil plans to devolve power away from London and shift some government operations to a “Number 10 in the North”, as the Prime Minister-to-be calls for a change in “how Britain is governed”. In a speech focused on growth on Monday morning, Burnham will say that a 10-year plan will focus on [...]
Legal & General handles King’s staff pension schemes as monarch’s £13m tax bill revealed

June 26, 2026

Legal & General handles the King’s staff pension schemes, official accounts have shown in disclosures of the monarch’s financial activities. In the first annual account of the King’s tax bill and sovereign activities, it was revealed that Charles III was among the top 100 taxpayers in the country. The accounts also uncovered details about his [...]
From stamp duty to the triple lock, Andy Haldane says bold Burnham leadership can usher ‘vibe change’ for UK economy

June 26, 2026

Andy Haldane is pressing for a radical shake-up of the UK’s tax and wider economic systems as he heaped praise on the Prime Minister-to-be Andy Burnham for having the potential to bring a “change in vibe” across Britain. Haldane, who is advising Burnham on economic policies and growth, urged the country’s next leader to be [...]
Burnham camp goes quiet on hospitality VAT cut

June 25, 2026

Allies of Prime Minister-to-be Andy Burnham have gone quiet on whether he would slash VAT for hospitality despite previously backing calls to do so and committing to a raft of other measures to support pubs, restaurants and bars. The outgoing Mayor of Greater Manchester had previously said he would back calls to cut value-added tax [...]

UK’s AI watchdog flags new OpenAI and Anthropic cyber alarms

How padel courts became a must-have for upscale hotels and members’ clubs

Dante Mayfair at Claridge’s review: How about a five-martini dinner?

By: Mauricio Alencar

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