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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State pension to rise by £560 in extra costs to Treasury

September 16, 2025

The state pension is set to rise by more than £560 from April as wage growth figures used to calculate the increase will make the elderly the “big winner” from today’s economic data in another extra cost to Rachel Reeves. The triple lock uprating policy, which was introduced 15 years ago, means the pension increases [...]
Firms continue to shed workers as jobs market deteriorates

September 16, 2025

The collapse of the UK jobs market has deepened, according to official data, undermining the Labour government’s goal to boost employment. Firms continued to shed workers as the number of payrolled employees dropped by 6,000 in July, adding to a collapse of 142,000 over the year. Provisional estimates suggest there was a fall of 8,000 [...]
City AM Shadow MPC votes 8-1 to HOLD interest rates

September 16, 2025

Leading economists from academia and the City have voted 8-1 for interest rates to be held at four per cent in City AM’s Shadow Monetary Policy Committee (MPC) ahead of the Bank of England’s own decision this week. Top analysts, who expressed views independently of their organisations, have said that stubborn inflation above the Bank [...]
Labour to face awkward questions on Mandelson hours before Trump’s arrival

September 15, 2025

Labour ministers will have to answer awkward questions in parliament on the appointment of Peter Mandelson as ambassador to Washington hours before President Donald Trump lands in the UK for a state visit. The Speaker of the House, Lindsay Hoyle, has granted an emergency debate, requested by the Tories, over Mandelson’s dismissal as ambassador and [...]
Tory MP Danny Kruger defects to Reform

September 15, 2025

Kemi Badenoch has suffered a major blow after sitting Tory MP Danny Kruger defected from to Reform. The Wiltshire MP has been put in charge of Nigel Farage’s preparations for government, in a major coup for the insurgent party that has been dominating the opinion polls. At an event on Monday morning, Kruger announced that [...]
Britain faces ‘looming’ crisis without spending cut, says Mel Stride-backed report

September 15, 2025

Britain faces a looming fiscal crisis without reigning in spending and boosting the competitiveness of the City, according to a new report. With annual per capita growth stagnating and public spending ballooning, the government needs to bring growth back to the economy and boost living standards, according to the Centre for Policy Studies (CPS) report [...]
Keir Starmer ‘has until May’ as polling sends warning shot

September 15, 2025

Keir Starmer has been told he has until next May’s local elections to turn fortunes around as polling has sent the prime minister an ominous warning about his future. The Prime Minister is facing intense pressure from Labour MPs after new questions were raised about his appointment and judgment of Peter Mandelson as ambassador to [...]
US VC pulls out of Oxford Union event over incoming president’s comments

September 12, 2025

A top US venture capitalist has pulled out of an event at the debating society Oxford Union after its president-elect appeared to have cheered the death of Charlie Kirk, a rightwing US free speech activist. Josh Wolfe, co-founder of VC firm Lux Capital, said he had withdrawn from the event after the Oxford Union’s next [...]
Bank of England predicted to not cut interest rate until 2026

September 12, 2025

Interest rate cuts are unlikely to take place this year, according to some of the most dovish forecasters, with City analysts split on where they will settle given the UK’s battle against high inflation and low growth. The Bank of England is set to hold its next monetary policy committee (MPC) meeting next week, a [...]
Patrick McLoughlin to leave northern transport role

September 12, 2025

Former Cabinet minister Patrick McLoughlin is to step back from his role at a key transport group for the North of England. McLoughlin is stepping down as chair of Transport for the North (TfN)’s board, with his last meeting to be held in Darlington next Monday. He was transport secretary under David Cameron and served [...]

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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