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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Bank of England predicted to not cut interest rate until 2026

September 12, 2025

Interest rate cuts are unlikely to take place this year, according to some of the most dovish forecasters, with City analysts split on where they will settle given the UK’s battle against high inflation and low growth. The Bank of England is set to hold its next monetary policy committee (MPC) meeting next week, a [...]
Patrick McLoughlin to leave northern transport role

September 12, 2025

Former Cabinet minister Patrick McLoughlin is to step back from his role at a key transport group for the North of England. McLoughlin is stepping down as chair of Transport for the North (TfN)’s board, with his last meeting to be held in Darlington next Monday. He was transport secretary under David Cameron and served [...]
Labour warned gambling levy changes would be ‘irrational’

September 12, 2025

Labour officials have been warned that targeting gambling centres with higher levies would push people to move online where black market websites are “often accessed via VPNs”. The government is widely expected to raise “sin taxes” at this year’s Autumn Budget following calls from former Prime Minister Gordon Brown and ex Labour donor John Caudwell [...]
UK economy sees zero growth amid Labour’s summer troubles

September 12, 2025

The UK economy failed to grow in July, according to official data, with the Labour government struggling to drive growth despite its core commitment to do so. The Labour government has doubled down on its “growth mission” by making a string of new economics-focused appointments across ministerial and advisory roles, and establishing a business-friendly board [...]
FTSE 100 Live: UK GDP flatlines, Big Technologies shares tumble after legal twist

September 12, 2025

Good morning from the City AM liveblog team. UK GDP flatlined in July, latest figures from the ONS show, in another setback for the Chancellor in delivering on her pledge to grow the economy. The FTSE 100 is fighting through the noise as it opened above 9,300 this morning, rising by 1.2 per cent in [...]
US inflation jumps to 2.9 per cent, setting up key rate decision

September 11, 2025

US inflation edged up to 2.9 per cent in August, leaving the Federal Reserve with a difficult decision to make on interest rates next week and all but vanquishing any chance of a ‘super-sized’ 50 basis-point cut. The Bureau of Labor Statistics said on Thursday that the annual consumer price index (CPI) figure for inflation [...]
Taxpayers give over billions for new vehicles under Motability scheme

September 11, 2025

The budget for new vehicles under the Motability scheme for disabled people is higher than expenditure on school repairs across the UK, fresh analysis has indicated, in further evidence of the breakdown of the social contract. Number-crunching by the free market think tank Adam Smith Institute has shown that the scheme, which allows disabled people [...]
‘No doubt’ foreign office would have advised against Mandelson appointment

September 11, 2025

Prime Minister Keir Starmer has sacked Peter Mandelson as UK ambassador to the US after more leaked emails brought fresh focus on his close personal relationship with Jeffrey Epstein. In a statement, the Foreign Office said the emails “show that the depth and extent of Peter Mandelson’s relationship with Jeffrey Epstein is materially different from [...]
Former Margaret Thatcher adviser and top lobbyist Kevin Bell dies

September 11, 2025

One of Margaret Thatcher’s advisers and a well-known City figure, Kevin Bell, has died. Bell, who died aged 68, was an influential lobbyist and respected among conservative thinkers across Westminster. He led campaign groups and public affairs giants throughout his career, heading up the likes of Fleishman-Hillard and Maitland Political. Bell was also worldwide president [...]
Rachel Reeves explores ‘pro-growth tax reforms’ to business rates

September 11, 2025

Rachel Reeves will explore “fixing” cliff-edge business rates, which make small businesses pay higher taxes upon opening a second property, as part of reforms she has described as “pro-growth.” The Chancellor is reviewing changes to the small business rates relief, with a decision expected to be announced at the Autumn Budget on 26 November. Treasury [...]

Franco Manca and Real Greek owner slumps to £14m loss as boss quits

Brentford in talks to host Shakhtar Donetsk Champions League fixtures

New City venue rethinks competitive socialising… again

By: Mauricio Alencar

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