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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Minister denies Labour’s tax hikes behind youth unemployment

October 8, 2026

The Labour government’s £25bn hike in taxes paid by employers is not the main driver behind rising youth unemployment, a government minister told City AM. Baroness Jacqui Smith, the skills minister, said that changes in NICs and minimum wages have not been the main drivers behind a rise in unemployment rates for people under the [...]
Badenoch vows to end inheritance tax on family homes

October 7, 2026

Kemi Badenoch has announced that the Tories will scrap inheritance taxes on family homes if the party is elected. In her main address to party members at the Conservatives’ conference, she said the Conservatives would restore “common sense” as political leaders enter a “battle for the soul of this nation”. The new pledge on inheritance [...]
Badenoch says next election is ‘battle for the soul of this nation’

October 6, 2026

Kemi Badenoch will argue that the next election will be the biggest “battle for the soul of this nation”t seen in at least half a century as Tory officials gear up for the prospect of an early election. In her main speech on Wednesday, Badenoch will say that partly leaders will wrestle over a “battle [...]
Badenoch to offer tax cuts as Tories pitch ‘credible alternative’ to Labour

October 6, 2026

Expectations are growing that Kemi Badenoch will announce “multiple” tax cuts in her flagship speech at the Conservative Party conference, with announcements on national insurance and inheritance tax set to take centre stage. The Tory leader is looking to boost her support base among Britain’s middle classes as she warned that an early election would [...]
Huge £45m bill for Peckham Rye station upgrade branded ‘scandalous’

October 6, 2026

The huge £45m bill to give Peckham Rye station step-free access – which is backed by a top Cabinet minister – involves forcing builders to use handheld tools to carve bricks and demolishing an art centre in order to complete the works, City AM has found. On Tuesday, energy secretary Miatta Fahnbulleh launched a petition [...]
Tories say £10bn ‘Britannia Shield’ would fend off missiles

October 5, 2026

Kemi Badenoch has said a “Britannia shield” worth £10bn would fend off missile attacks from hostile countries as the party expanded its defence policy on Tuesday. Badenoch said the extra spending on defence pledged by the party last month would be allocated on radar, command and interceptor missile systems that would protect Britain’s infrastructure and [...]
Top Tory pleads with young people to stay in Britain

October 5, 2026

Shadow chancellor Andrew Griffith has urged young people to stay in Britain and support the Conservatives as he highlighted the Tory pitch to young people amid a row over the party’s commitment to keeping the triple lock pension. In a speech to party members on Monday, Griffith said Tory policies to scrap stamp duty and [...]
Jeremy Clarkson at Tory conference: ‘Why would anybody set up a business in this country?’

October 5, 2026

Jeremy Clarkson hit out at the Labour government over its decision in 2024 to impose higher inheritance taxes on farming land two days before Tory leader Kemi Badenoch is expected to call for a cut. Clarkson said government officials failed to understand the impact of changes facing family farms as some owners had to sell [...]
UK services sector marks two years of job losses

October 5, 2026

The UK’s dominant services sector has suffered two years of continuous job losses despite moderate growth against the backdrop of intense trading disruption and high borrowing costs, new data has indicated. Researchers at S&P Global said a fall in employment over September across services firms meant the sector had now suffered two consecutive years of [...]
Healey’s headroom ‘could be wiped out by Iran war’

October 5, 2026

Chancellor John Healey’s fiscal headroom could be entirely wiped out by the impact of the war in Iran as economists said the Office for Budget Responsibility could offer a more pessimistic view on the UK economy. A central fiscal forecast by analysts at EY suggests that the Chancellor’s buffer against a borrowing target has fallen [...]

Nandy flags downsides of closer EU relations

Women’s football doesn’t need to become men’s football to succeed

The Capitalist: City AM reporter gets royal trashing by AI slop

By: Maurício Alencar

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