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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China escalates fiery trade war with Trump with 125 per cent tariffs

April 11, 2025

China has hit back at President Donald Trump as it announced further tariffs of 125 per cent on US goods in further signs that a full-blown trade war could still worsen. The US president refused to offer China a three-month reprieve from tariffs after it quickly retaliated against Trump following Liberation Day. The Chinese finance [...]
UK growth in February smashes low expectations

April 11, 2025

The UK economy grew by 0.5 per cent in February, official data has shown, beating forecasters’ expectations by a wide margin. A Bloomberg poll of economists predicted growth to come in at 0.1 per cent for the month. UK GDP grew 0.6 per cent in the three months to February, the Office for National Statistics [...]
Layoffs creating bigger pool of jobseekers, recruiters say

April 11, 2025

More people were added to the large pool of jobseekers in March than at any point since the pandemic, according to recruiters, as high levels of redundancies are driving a “steeper rise” in staff availability. Employers have come under greater strain in the months since Chancellor Rachel Reeves’ announced a £25bn national insurance tax raid [...]
Bank of England’s postponement of bond sale is a ‘precaution’

April 10, 2025

The Bank of England’s decision to postpone the sale of long-dated bonds to after June following market volatility was a “precaution”, according to deputy governor Sarah Breeden. President Donald Trump’s tariffs sent markets around the world into a state of panic as 30-year gilt yields surged to its highest level since 1998, pushing up borrowing [...]
Bank of England should be ‘more careful’ about rate cuts, say deputy governor

April 10, 2025

A Bank of England rate-setter has said that policymakers need to be “more careful” about cutting rates after years of high inflation, adding that it was “too soon to say” whether President Trump’s tariffs will weigh on price growth in the UK. Sarah Breeden became the second official since Trump’s Rose Garden speech to take [...]
UK-India trade deal reportedly 90 per cent agreed, businesses told

April 10, 2025

The UK’s trade deal with India is reportedly 90 per cent agreed, businesses have been told, according to a report in the Guardian. Firms were informed on a call with trade negotiators this week that some remaining issues included cars, pharmaceutical drugs and the whisky trade, the newspaper reported, with India currently the largest overseas [...]
Stats body aims to publish key jobs data in late 2026

April 10, 2025

The UK’s official statistics body has set a target of November 2026 for the reform of its flagship Labour Force Survey (LFS), which monitors the UK jobs market. The Office for National Statistics (ONS) has been dogged by several troubles in data gathering, prompting criticism from the Bank of England as well as an intervention [...]
Exclusive: Former Bank of England policymaker calls for interest rates to be held amid high inflation

April 10, 2025

A former Bank of England rate-setter has suggested that high inflation levels call for interest rates to be held at 4.5 per cent in May. The majority of investors and analysts are expecting the Bank to cut interest rates next month to ease low growth concerns, with up to three more cuts priced in until [...]
City slashes UK growth forecasts radically in wake of Trump tariffs

April 9, 2025

City forecasters have radically cut UK growth forecasts as President Donald Trump’s tariffs are widely expected to cause great damage to the global economy. Markets across Europe are sliding again today after tariffs came into effect, a clear sign that economists and investors are fearing hits to profit. New research by the polling firm Consensus [...]
Tariffs could destabilise UK financial system, Bank of England warns

April 9, 2025

President Donald Trump’s global trade war is likely to destabilise the UK’s financial system, but the Bank of England has said banks will be able to cope with the shocks. The Bank’s policymakers also warned that the break-up of global trade would lower resilience and depress growth. The Financial Policy Committee (FPC), which monitors risks [...]

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By: Mauricio Alencar

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