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 small firms see slide in exports ahead of Trump tariffs

April 16, 2025

A large number of small UK businesses suffered a decrease in overseas sales compared to those who saw an increase, a new survey has said, as President Donald Trump’s tariffs put firms on edge. Heavy US tariffs on vehicles and aluminium have rattled dozens of UK firms while impending ten per cent tariffs on goods, [...]
Trump’s tariffs to tip world over into ‘recessionary phase’

April 16, 2025

A locking of horns between the US and China over tariffs could tip the world economy into recession as soon as this year, a closely-watched forecast has suggested, as businesses wrestle with the fallout of declining global trade volumes. Global growth is set to slow to 2.3 per cent this year, according to projections by [...]
FCA to rip 140 pages out of handbook in deregulation drive

April 16, 2025

The UK’s financial watchdog has vowed to rip scores of pages from its handbook as it slashes red tape in a drive to boost growth. The Financial Conduct Authority (FCA) said as many as 140 pages will be removed from the lengthy handbook, as it opened a consultation on scrapping data collection requirements. The move [...]
Stealth income tax hike will hit millions of over 60s

April 16, 2025

Millions more Brits, including a significant percentage of over 60s, will be dragged into paying income tax in the coming months as Rachel Reeves squeezes the spending powers of lower earners with a freeze on tax bands. Official data suggests that around 11m Brits will begin paying the basic rate of income tax by 2028. [...]
Inflation eases in March amid looming Bank decision

April 16, 2025

Inflation remained stubbornly high at 2.6 per cent in March, official data has shown, leaving Bank of England policymakers with a difficult decision to make on interest rates early next month. The year-on-year increase in consumer price inflation (CPI) was lower than the 2.7 per cent figure forecast in a Bloomberg poll of economists. The [...]
Firms scramble to ‘protect bottom line’ amid low growth

April 16, 2025

Firms across the UK are putting in “hard work” to limit cost pressures and maintain profits amid low growth, one of the country’s biggest banks has said. Chancellor Rachel Reeves’s aggressive tax hikes at her last Autumn Budget have piled higher employment costs on businesses large and small, threatening to kill off some companies by [...]
Inflation expected to ease slightly in March amid uncertain future

April 15, 2025

Inflation in the month to March is expected to remain well above the Bank of England’s target rate of two per cent, putting policymakers in an awkward position ahead of a potential interest rate cut in May. A Bloomberg poll of economists said that consumer price inflation (CPI) on a year-on-year basis will hit 2.7 [...]
Small firm owners are leaving the UK en masse, survey finds

April 15, 2025

Small business owners up and down the country are packing their bags to escape a flurry of higher taxes, soaring costs and red tape, fresh data has found. Nearly two in five owners of small and medium-sized firms (SMEs) have either left the UK or are considering an imminent departure, according to a new survey, [...]
UK employers cut jobs as tax hikes bite

April 15, 2025

High wage growth persisted in the three months to February, official data has shown, but a rapid drop in payrolled employment pointed to concerning trends in the labour market. Annual growth in average weekly earnings excluding bonuses hit 5.9 per cent, the Office for National Statistics (ONS) said on Tuesday. But separate tax data showed [...]
‘State of despondency’ as tax raid sets up ‘harrowing year’ for firms

April 15, 2025

Business leaders’ worries over Chancellor Rachel Reeves’ tax hikes have plunged corporate confidence into “ominous territory”, a leading business association has warned. The Chancellor launched a multi-billion pound tax raid on British businesses in the Budget last October, and a new report has suggested that the impact of the hikes is continuing to weigh on [...]

Labour workers rights reforms could backfire for young workers

Women’s Super League fans spend more on matchdays than Premier League counterparts

Spirit of Speyside Whisky Festival to drive millions into Scotch sector

By: Mauricio Alencar

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