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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More Brits ‘in financial strain’ as Trump frightens UK voters

April 7, 2025

Nearly two in five UK voters are either cutting their spending or are unable to pay essential bills due to ‘financial strain’, according to the latest City AM/Freshwater Strategy poll, as President Trump’s tariffs are set to send Chancellor Reeves’ growth plans into disarray. The Chancellor said at her Spring Statement in March that Brits [...]
Voters’ economic gloom worsens as tariff fears bite

April 7, 2025

UK voters are increasingly downbeat about the economy as President Trump’s tariff announcements have further dampened Brits’ confidence, according to the latest City AM/Freshwater Strategy poll. The global economy is still reeling from the President’s Rose Garden speech, where Trump announced sweeping tariffs on countries around the world, with markets nosediving across Asia and Europe [...]
UK services sector ‘driving force’ behind growth, BDO says

April 7, 2025

The UK’s services sector is the “driving force” behind marginal growth gains, research by the consultancy BDO has suggested, as other sectors’ performance has become increasingly lacklustre. Chancellor Rachel Reeves has been urged to ease cost pressures on firms as her £25bn national insurance tax hikes, coming into effect this week, have weighed down on [...]
Reeves’ £25bn national insurance tax raid has arrived. What happens now?

April 6, 2025

Sorry, Lionel Richie. Businesses aren’t feeling easy like a Sunday morning. The new tax year is here. And Chancellor Rachel Reeves’ £25bn national insurance tax raid has fallen on thousands of firms. From today, employers will pay a tax rate of 15 per cent on salaries above £5,000, down from £9,100 previously. This secondary threshold [...]
Oil prices plummet as Saudis lead supply drive

April 4, 2025

Oil prices are falling to their lowest close since 2021 as eight countries including Saudi Arabia and Russia surprised market leaders by announcing an increase to production. The shock decision by the OPEC+ alliance, delivered via a video conference on Thursday, came less than 24 hours after President Trump’s Liberation Day tariff announcements intensified global [...]
Construction output drops again despite Rayner’s planning reforms

April 4, 2025

Construction activity has suffered a further decline and confidence is low despite minister Angela Rayner’s planning reforms getting a thumbs up from the Office for Budget Responsibility (OBR). Rayner’s Ministry of Housing is introducing broad changes to planning rules as it hopes to deliver the UK’s construction sector an extra boost. Its planning reforms have [...]
Reeves’ £25bn tax grab to become ‘toxic reality’ for British business, firms suggest

April 4, 2025

Chancellor Rachel Reeves’ £25bn tax grab from employers will become a “toxic reality” for British businesses from Sunday as higher costs risk stunting firms’ income, one of the UK’s largest industry bodies has warned. Reeves’ has pinned her hopes for improving the state of public finances on growing the UK economy but more firms have [...]
How will Trump’s tariffs impact the UK economy?

April 3, 2025

The US president holds up a sandwich board in the Rose Garden. On it is a list of countries. Next to each country are two columns: one for “tariffs charged to the USA” and one for “USA Discounted Reciprocal Tariffs”. The leader of the free world is cooking up a storm. “Our country has been [...]
Fear over Labour plans to allow firms to extract cash from pension schemes

April 3, 2025

The vast majority of pension scheme members are “afraid” of government plans that would allow firms to take cash from defined benefit (DB) schemes for investment. Prime Minister Keir Starmer and Chancellor Rachel Reeves signalled earlier this year that “trapped surplus funds” in DB pension schemes would be unleashed for firms to invest. But a [...]
Trump tariffs to drag global growth down by trillions of dollars

April 3, 2025

Donald Trump’s tariffs is set to drag the world economy down by trillions of dollars, according to forecasts by leading economists. The International Monetary Fund estimates the current global economy is worth more than $115 trillion and it has been predicted to grow by around three per cent, per various forecasts. But since Trump announced [...]

Reeves’ £1.2bn consultancy savings plan in doubt, watchdog warns

2026 Fifa World Cup: Iran ‘welcome’ despite US military attacks, Trump

Mother’s Day 2026: 5 amazing ways to celebrate in London

By: Mauricio Alencar

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