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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JP Morgan: Rachel Reeves could slash headroom to avoid large tax rises

July 29, 2025

Chancellor Rachel Reeves is poised to reduce her wafer-thin £9.9bn headroom even further at the Autumn Budget to avoid making sweeping tax rises, analysts at one of the world’s biggest banks have predicted. Leading think tanks and City analysts have warned that Rachel Reeves will look to raise as much as £30bn in taxes later [...]
Mortgages rebound in lift for housing market

July 29, 2025

Britons’ borrowing of mortgages and consumer credit rose at a faster pace in June, fresh Bank of England data has revealed, in signs that the recovery in the housing market is “well underway”. In monthly statistics released by the Bank to signal trends in the UK banking system, it was revealed that net borrowing of [...]
UK sees ‘small burst’ in hiring in sign of growth

July 24, 2025

The UK labour market saw a “small burst” in demand for jobs in June but postings remain below levels seen last year, fresh data has found, with brutal tax rises introduced in April by Chancellor Rachel Reeves weighing on employers. In new jobs figures published by the Recruitment and Employment Confederation (REC) and Lightcast, the [...]
Rachel Reeves’ matchmaker moment

July 23, 2025

Finance bros and gals are often seen oozing confidence as they strut their stuff around the streets of the City of London, imagining they’re the main characters on hit show Industry. But it would be a mistake to assume these investor strategists, expert consultants and risk analysts are libertarian dreamers, swashbuckling Reagan fanatics and small-state [...]
UK sanctions 25 targets in illegal migration crackdown

July 23, 2025

The UK government has banned 25 people smugglers, fraudsters, and bankers in the first set of sanctions aimed at curbing illegal migration, putting pressure on countries across Europe and the Middle East to follow suit. The Foreign Office has disclosed the names of 24 individuals and one company it has accused of facilitating people-smuggling and [...]
Heathrow: Earnings jump despite cost warnings

July 23, 2025

Heathrow Airport’s earnings before interest, taxes, depreciation and amortisation (EBITDA) edged up by 0.8 per cent in the first half of the year compared to the first six months of 2024 despite fears energy bills and maintenance costs would deal a blow to its growth. The airport previously predicted a hit to its earnings, warning [...]
Rachel Reeves: It’s not progressive to pay off US hedge funds for debt

July 22, 2025

Chancellor Rachel Reeves has said there is “nothing progressive” about paying off US hedge funds which hold government bonds, hours after the Office for National Statistics (ONS) revealed debt interest payments in June were double levels seen at the same time last year. In a hearing at the Economic Affairs Committee, Rachel Reeves said she [...]
Exclusive: Ministry of Defence fends off fake invoices in battle against fraudsters

July 22, 2025

The Ministry of Defence has dismissed more than a thousand invoices in each of the last three years in a warning sign that fraudsters are targeting government services. A Freedom of Information request has unveiled the extent of invoices given the red flag by the government and their total value. These can include claims for [...]
Brits back tax incentive plan to stop wealthy investors fleeing UK

July 22, 2025

Two thirds of Britons support offering rich investors tax incentives to stop them leaving the UK, according to a new report, as the government has been urged to design a special scheme to boost UK growth. In a new paper by Onward and the Adam Smith Institute, around 67 per cent of the British public [...]
Angela Rayner pushes for new tourist tax to fix black hole

July 22, 2025

Deputy prime minister Angela Rayner is pushing Chancellor Rachel Reeves to give more power to councils to tax tourists amid worries that local governments are struggling to keep finances in check. Rayner has suggested that councils should be able to tax tourist hotel stays and take advantage of a rise in visitors, rather than taxing [...]

World Cup spending: England fans could spend £150m if they beat Panama

World Cup spending: England fans could spend £150m if they beat Panama

Pride musical at the National Theatre review: I’ve never seen so many people in tears

By: Mauricio Alencar

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