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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Rishi Sunak will donate Goldman Sachs salary to charity

July 8, 2025

Former Prime Minister Rishi Sunak has rejoined Goldman Sachs as a senior adviser, adding to post-government roles he holds while still sitting as an MP, though his salary from the investment banking giant will be donated to a maths charity. Sunak worked at Goldman Sachs as a summer intern in 2000 and as an analyst [...]
UK cannot afford triple lock pension, OBR says

July 8, 2025

The UK government cannot afford to keep the triple lock pension, the Office for Budget Responsibility (OBR) has warned. Chancellor Rachel Reeves has faced staunch opposition from within her own party and seemingly from the wider electorate over cuts to welfare spending as she bids to meet fiscal rules that prevent high borrowing from further [...]
OBR warns unfunded spending to damage UK finances amid ‘daunting’ risks

July 8, 2025

The UK economy is set for a “daunting” year as the Office for Budget Responsibility (OBR) has warned unfunded spending commitments and global trade tensions are likely to damage public finances. Chancellor Rachel Reeves is facing pressure to assuage Labour backbenchers by not cutting welfare spending while also upholding a pledge not to raise tax [...]
Charities ‘penalised’ by Rachel Reeves’ taxes

July 8, 2025

Chancellor Rachel Reeves’ hike to employers’ national insurance contributions (NICs) has “penalised” staff at charities up and down the UK, a new study has suggested. Rachel Reeves has reportedly suggested the £20bn tax raid on mid-sized firms was “low hanging fruit” to provide extra funding for the NHS and schools. But the collateral damage from [...]
Brits pour scorn on Labour after week from hell

July 7, 2025

Brits have delivered a withering verdict on Labour after a week in which the anniversary of their election victory was marred by shambolic u-turns and infighting. Following the dramatic events of last week, voters’ disapproval of the government appears to have intensified with a growing number of Brits opposing the government’s high-tax-high-spending policies, according to [...]
Downing Street flirts with wealth tax despite exodus fears

July 7, 2025

The UK’s unprecedented exodus of wealthy people could be set to accelerate after the government opened the door to introducing a wealth tax, following calls for such a move by former Labour Party leader Neil Kinnock and a host of union leaders. Chancellor Rachel Reeves has all but conceded that taxes will have to rise [...]
Personal guarantees ‘overuse’ holding UK growth back

July 7, 2025

The “overuse” of personal guarantees in borrowing arrangements is holding businesses back and stifling UK growth, innovators have warned, with only a small minority of companies claiming they would borrow from banks with their personal savings or assets on the line. A new survey of some 1,400 small business owners by the Federation of Small [...]
Scottish Widows owner: Pension funds deal risks making UK like China

July 7, 2025

Labour’s flagship deal with pension funds risks making the UK economy more like China, the boss of Lloyds Banking Group has warned after its subsidiary Scottish Widows chose not to sign up to the agreement. Chancellor Rachel Reeves won the support of 17 pension funds which agreed to invest at least five per cent of [...]
UK becomes ‘most attractive country’ for investment as risk appetite grows

July 7, 2025

The UK has risen up the ranks to become the joint top location for investment among CFOs around the world, a new survey has suggested, with financial officers open to taking on greater risks. City leaders and policymakers have widely spoken about their desire to take on bigger gambles to drive returns and improve growth [...]
Get ready for £30bn tax raid, City analysts warn

July 5, 2025

Top City economists have warned welfare U-turns and President Trump’s damage to growth prospects will lead to tax hikes worth £30bn this autumn. Chancellor Rachel Reeves suggested last year’s £40bn tax raid on businesses, homeowners and investors was a “once in a parliament reset” while Keir Starmer has suggested the UK could not “tax [its] [...]

Square Mile authority tries to strip Andrew of City freedom

Trump-hating Fifa World Cup fans should have costs paid if denied visa

The golden boy: What we can learn from the late Henry Kelly

By: Mauricio Alencar

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