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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OBR risks being ‘unreasonably pessimistic’ as Reeves set to be given leeway

October 10, 2025

The Office for Budget Responsibility (OBR) risks being “unreasonably pessimistic” if it decides to downgrade productivity growth trends by more than 0.1 percentage point, fresh analysis has indicated, in what could hand Chancellor Rachel Reeves some extra leeway at this year’s Budget. The fiscal watchdog is widely expected to downgrade productivity forecasts as part of [...]
FTSE 100 Live: Ibstock shares tumble, Princes confirms £1.5bn London IPO

October 10, 2025

Good morning from the City AM liveblog team. JP Morgan boss Jamie Dimon has joined the chorus of warnings over an AI-driven market boom that some fear could go the way of the dot-com crash. Speaking from Bournemouth, where the bank announced a £350m investment in its local campus, Dimon described himself as “far more [...]
Tax fears heat up as firms ‘not ready for another Budget battering’

October 10, 2025

Tax fears across businesses in the UK are bubbling up, a leading survey has indicated, as Chancellor Rachel Reeves is warned that firms are “not ready for another Budget battering” later this year. The British Chambers of Commerce (BCC)’s survey has shown that business confidence remains in a fragile state amid nerves that another damaging [...]
Number of job seekers spike as high taxes continue to hurt UK economy

October 10, 2025

The number of job seekers has spiked while a rise in starting salaries was “fractional”, according to analysis of leading survey data, in signs the jobs market is struggling to shake off higher taxes and low growth prospects. New monthly findings by the Recruitment and Employment Confederation (REC) and KPMG have pointed to another rise [...]
Former top security adviser questions Starmer over China trial collapse

October 9, 2025

Former national security adviser Lord Sedwill has raised questions over the explanation provided for the collapse of the Chinese spy case involving Christopher Cash and Christopher Berry. Lord Mark Sedwill, a career diplomat and civil servant who served the same role as current national security adviser Jonathan Powell between 2017 and 2020, claimed it was [...]
How Reeves could ‘trigger’ bond market fright and collapse UK economy

October 9, 2025

Poor decisions made by Rachel Reeves at the next Budget could send the UK economy into a crisis if her announcements trigger a collapse in bond markets’ confidence, according to a scenario played out by analysts at Oxford Economics. Rachel Reeves has pledged to drive growth in the UK and lower the cost of living [...]
Bank of England’s Mann: Higher interest rates will lower inflation fears

October 9, 2025

The Bank of England has said that households’ fears of high inflation levels could be tempered by keeping interest rates for longer. In an event hosted by the think tank Resolution Foundation, Mann doubled down on her calls for the Bank to squeeze out inflation pressures in order to ease household nerves of higher prices [...]
Labour ministers ordered to stop relying on emergency funds

October 9, 2025

Labour ministers have been told they will be blocked from using the government’s reserve funds to pay public sector staff and will only be given cash in exceptional circumstances. James Murray, the chief secretary to the Treasury, has told colleagues across the Cabinet that access to rainy day funds will be limited as the government [...]
Business confidence slumps to three-year low as tax fears ‘quash risk-taking’

October 9, 2025

Business confidence has plummeted to its lowest level in three years, an industry body’s leading quarterly survey has found, as rising tax fears ahead of the Budget are “quashing” investment and growth in the UK economy. The Labour government has boasted that the country was “open for business” after it struck investment deals with tech [...]
Labour’s unemployment benefit reforms could ‘save £3bn a year’

October 9, 2025

A government proposal to replace the unemployment benefits system with an “unemployment insurance” benefit could save the government up to £3bn a year despite being higher than the current new style jobseeker’s allowance payment, a new report has indicated. Labour officials are mulling over plans to cut the welfare bill to reduce the size of [...]

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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