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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UK services sector in ‘fragile recovery’ as employment fears linger

June 23, 2025

The UK services sector expanded in June, despite tax hikes and a drop in employment across the UK economy, new figures have suggested. The double whammy of President Trump’s tariffs and Chancellor Reeves’ tax increases in April lowered confidence levels among businesses, with official data showing the UK economy contracted by as much as 0.3 [...]
Government’s £4.4bn gain on ‘shares tax’ puts investors on edge

June 20, 2025

Investors have stepped in to provide the government with a cheap fix after receipts from the ‘share tax’ grew to £4.4bn amid fears it was harming London’s capital markets. Rachel Reeves has spoken about her desire to boost the UK’s retail investment culture as part of her drive to deliver higher growth and yield more [...]
Retail and construction lead insolvencies as UK firms in ‘perilous position’

June 20, 2025

Wholesale and retail traders and construction firms accounted for nearly a third of all insolvencies seen in the 12 months to April. Data published by the Insolvency Service has pointed to a further concerning trend in the UK economy as the number of companies insolvencies in May grew eight per cent month-on-month. The number of [...]
Government borrowing surges in May to fund Labour’s spending

June 20, 2025

Government borrowing in May surged to £17.7bn, official data has shown, reflecting the government’s need for cash to fund Labour’s spending splurge. This represented the second-highest May borrowing figure since records began more than 30 years ago and higher than the Office for Budget Responsibility (OBR) forecast. Fresh data published by the Office for National [...]
Alarm bells as retail sales suffer largest fall in 18 months

June 20, 2025

UK high streets suffered from post-Easter fatigue among shoppers as official data showed retail sales dropped by 2.7 per cent in May. The Office for National Statistics said a fall in sales in May represented the largest month-on-month drop since December 2023. A Bloomberg poll of economists expected retail sales to drop by 0.5 per [...]
Absence of defence spending plan ‘entirely unsatisfactory’

June 20, 2025

The government has been “entirely unsatisfactory” in failing to assess whether their defence spending plans are affordable, a group of senior MPs has said, in a damning assessment of ministers’ transparency. The row comes amid concerns spending on the nuclear deterrent would be higher than first assumed. Prime Minister Keir Starmer said the government would [...]
Ed Miliband forced to look again at North Sea oil and gas

June 19, 2025

The UK government is mulling over a change to the law to oil and gas projects in the North Sea in a drive to lower energy bills. Michael Shanks, a minister working under energy secretary Ed Miliband, will be visiting Scotland on Thursday with a decision set to be made on the government’s intervention on [...]
UK growth to suffer from interest rates hold, industry warns

June 19, 2025

The UK economy stands to suffer from high borrowing costs, leading industry figures have warned, after the Bank of England held interest rates at 4.25 per cent on Thursday. The Bank’s Monetary Policy Committee (MPC) indicated that interest rate cuts could come in the coming months after a recent 25 basis point cut in May. [...]
Bank of England holds interest rates at 4.25 per cent

June 19, 2025

The Bank of England has held interest rates to “squeeze out persistent inflationary pressures” amid tensions between Israel and Iran risking an alarming uptick in energy prices later this year. Officials said high inflation predictions and sticky wage growth figures had led them to opt for interest rates to be kept at 4.25 per cent [...]
Exclusive: Government admits fossil fuels use is cheaper than net zero technology

June 19, 2025

The UK government has quietly admitted that using low-carbon technologies essential to the rapid drive to net zero are more expensive than when fossil fuels are used an energy source, City AM can reveal. Labour ministers are expected to double down on expanding the use of green technologies to lower costs as the Treasury and [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

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By: Mauricio Alencar

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