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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Is Brexit really to blame for the Chancellor’s growth headache?

October 23, 2025

As the government prepares the public psyche for substantial tax hikes at next month’s Budget, the Chancellor has taken a Brexit-shaped risk. Keir Starmer’s government has largely opted for caution over talking about relations with the European Union. The Prime Minister has insisted that re-opening the Brexit debate would bring only “turmoil” but he also [...]
Tories slam Bank of England for ‘outrageous’ internship scheme

October 22, 2025

The Bank of England is facing criticism over an internship scheme open only to candidates of “black or mixed black heritage”, with Tory frontbenchers labelling the approach “outrageous.” The Bank has drawn the attention of senior MPs as well as Tesla owner Elon Musk for advertising a position that pays £96.15 per day over eight [...]
Gilt yields drop as Reeves crosses fingers to reap benefits

October 22, 2025

Gilt yields have fallen as investors breathed a sign of relief after inflation came in below economist expectations, with top analysts claiming an interest rate cut this year is “very much in play” while adding that Rachel Reeves could be in luck. Gilts, the name for UK government bonds, have regained momentum in the UK [...]
Inflation stays hot as UK’s economic woes deepen

October 22, 2025

Inflation in the year to September remained sticky, new figures have shown, in further evidence that the UK’s economic woes have deepened and hit Brits harder than those in other countries. September was the third consecutive month that inflation hit 3.8 per cent, nearly double the Bank of England’s two per cent target. It came [...]
FTSE 100 Live: UK inflation holds at 3.8 per cent, Barclays share buyback

October 22, 2025

Good morning from the City AM liveblog team. The UK’s top banks are gearing up for a third-quarter reporting season where all eyes will be on the Labour government’s second Autumn Budget. Speculation of a bank tax hike has dominated chatter around the sector in recent months and elevated fears across the City. It also [...]
Up to £115bn government spending cuts ‘staring us in the face’

October 22, 2025

Around £115bn in cuts to government spending each year are “staring us in the face”, according to a new report, as Chancellor Rachel Reeves faces increasing pressure to regain control of the public finances. In a paper published by the think tank Policy Exchange, the Chancellor has been warned to prevent a “twin-pronged fiscal crisis” [...]
Top Aussie pension funds wooed by Labour amid investment drive

October 21, 2025

Some of Australia’s largest pension funds are being courted by the Labour government amid a rush to attract higher investment in the UK. Ahead of a summit in Birmingham, Australia’s largest pension fund AustralianSuper said it was still investing an extra £7bn UK assets over the next five years, a move praised by the government [...]
Henrys face horrid Budget amid looming tax raid

October 21, 2025

High Earners Not Rich Yet individuals, also known as Henrys, are bracing for a horrid Budget as they could face a tax rate higher than a current level of 60 per cent, analysts have warned. Henrys, who are generally classed as professionals earning around £100,000 or more and often have little savings or fewer assets, [...]
The top one per cent account for a third of tax revenue

October 21, 2025

The top one per cent of taxpayers account for around a third of all income tax and capital gains tax paid in 2023-24, it has been revealed. According to HMRC, the top 500,000 taxpayers contributed £93.8bn last year, which represented 33 per cent of the total raised. The top 100,000 paid £54.9bn and covered a [...]
UK government borrowing soars in September to highest in five years

October 21, 2025

UK government borrowing soared north of £20bn in September, official data has revealed, in another blow for Rachel Reeves as she gears up for a painful tax-raising Budget next month. The Office for National Statistics (ONS) said government borrowing over the month was the highest seen for five years and an increase of £1.6bn compared [...]

Serie A won’t catch the Premier League by selling its rights better

Serie A won’t catch the Premier League by selling its rights better

Lotus, Porsche and Corvette: the best sports cars to buy in 2026

By: Maurício Alencar

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