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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Defence splurge cannot fund planned expansion, military chief says

January 14, 2026

The Labour government’s commitment to increase defence expenditure to 2.5 per cent of GDP from next year will not fully fund the planned expansion of the armed forces, a top military official has warned. Sir RIchard Knighton, chief of the defence staff, told MPs on Monday the rise in government funding would not be enough [...]
Davos: Economic war is the ‘biggest global risk’

January 14, 2026

Trade wars and economic disputes between global powers are the biggest risk to the world over the next two years, business leaders, academics and government officials have said in a report ahead of the World Economic Forum’s Davos meeting. Nearly a fifth of respondents in a survey (18 per cent) by the World Economic Forum [...]
‘We’re turning the country around’: U-turns put pressure on defiant Starmer

January 14, 2026

Keir Starmer attempted to justify a string of policy U-turns on everything from business rates to the mandatory digital ID, claiming the Labour government was “turning the country around”. In an awkward Prime Minister’s Questions on Wednesday, opposition leader Kemi Badenoch grilled Starmer on recent U-turns, which prove tricky for MPs and strategists to explain [...]
Bank of England’s Taylor: Trade with China to drive interest rate cuts

January 14, 2026

Cheap goods flooding into the UK from China will lower inflation and prompt the Bank of England to cut interest rates further, a member of the Monetary Policy Committee has said. Alan Taylor, considered to be the most dovish rate-setter on the MPC, warned that cheap goods flowing in from China would lower inflation over [...]
Starmer to U-turn on mandatory digital ID

January 14, 2026

Sir Keir Starmer is expected to perform another U-turn by scrapping plans to make a national digital ID compulsory for all Brits. After backtracking on a number of policies, from the farm tax to the end of winter fuel payments, the Prime Minister is set to reveal that the government will no longer make all [...]
Former OBR chair takes aim at Rachel Reeves’ fiscal rules

January 13, 2026

The former chair of the Office for Budget Responsibility has taken aim at Chancellor Rachel Reeves’ fiscal rules, suggesting they prevent UK public finances from building enough “resilience”. In his first public appearance since his resignation last month due to the leaked Budget, Richard Hughes said the current fiscal rules were “among the loosest” the [...]
Trump tells Iranian people: ‘Help is on its way’

January 13, 2026

President Trump has threatened Iran’s autocratic leaders over the killing of protestors while suggesting he was preparing to intervene with military action in the country, In a post on Truth Social, Trump said the country’s authorities “will pay a big price” over the killing of protestors following unrest in the country. He added that he [...]
Vast majority of Brits expect more damaging tax hikes in 2026

January 13, 2026

Nearly four in five Brits are bracing themselves for further tax rises this year, with voters fearing that more money going into government coffers will damage growth. Keir Starmer has kicked off the year with pitches on improving the cost of living for millions of people across the country. Extra welfare payments for some families [...]
Chinese embassy to get green light despite ‘threat to City’

January 13, 2026

The new Chinese embassy in London is set to get the green light from Keir Starmer this week, according to reports, amid fresh questions around security concerns were raised on Monday night. The new mega embassy at the Royal Mint Court near the City of London is expected to get the Prime Minister’s sign-off ahead [...]
Public officials ‘not truthful’ about ‘fantasy’ net zero costs

January 13, 2026

Net zero is set to cost the UK economy billions of pounds more than public officials estimate, a new report has suggested, raising questions over the supposed savings to be made from the energy transition for households and businesses. A new paper published by the Institute of Economic Affairs, a free market think tank, has [...]

Exclusive: RPC to lose Mike Ashley’s ‘rainmaker’ lawyer

Former Six Nations stadium to become 50,000-seat football arena

Valentine’s Day: Fancy a romantic bowl of chocolate spaghetti?

By: Mauricio Alencar

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