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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Trump hikes India tariffs to 50 per cent for fuelling Russian ‘war machine’

August 6, 2025

President Donald Trump has imposed an additional 25 per cent tariff on India after the country’s government imported Russian Federation Oil. In an executive order signed on Wednesday, the White House said it would slap Indian imports with the fresh levy taking their overall rate to 50 per cent. The President warned on Tuesday he [...]
Construction sector contracts at the fastest pace since 2020

August 6, 2025

Activity in the UK’s construction industry is contracting at the fastest rate since the coronavirus pandemic in 2020 as high costs and tax hikes bite. The sector is vital for the Labour government’s plans for a house building boom and improvements in infrastructure, with the private sector expected to help boost the UK’s economic growth. [...]
The Bank of England’s trouble-free decision to cut interest rates

August 6, 2025

The Bank of England has long suffered from the accusation of groupthink. Reforms have been mooted – and some have been implemented – but it has struggled to shake off the charge. Economists at the Cato Institute and the National Institute of Economic and Social Research (NIESR) have, for example, pointed the blame at Threadneedle [...]
Rachel Reeves needs £50bn tax raid to stick to fiscal rules, economists warn

August 6, 2025

The Treasury will need to raise more than £50bn in fresh taxes to stay within its fiscal rules, one of the UK’s most prestigious economic groups has warned, laying bare the scale of the pain that could be wrought on businesses by Rachel Reeves in the autumn. The government is set to miss its “stability [...]
Labour urged to come clean on exit tax

August 5, 2025

Labour ministers have been urged to clarify whether the government will introduce an exit tax as Tax Policy Associates chief Dan Neidle warned rumours could be “damaging” for the UK economy. Chancellor Rachel Reeves looks poised to raise more than £20bn in taxes later this year amid a shortfall in the fiscal headroom left by [...]
UK economy sees fastest services orders slowdown since Liz Truss

August 5, 2025

Hopes of a quick recovery to the UK economy are fading as orders in the services sector fell at the fastest rate since Liz Truss’ mini-budget in late 2022, fresh data has suggested. S&P Global’s latest composite purchasing managers’ index (PMI) showed a fall from a score of 52 in June to 51.5, which remains [...]
Immigration is top voter concern, exclusive poll says

August 5, 2025

Reducing immigration became more important to voters in July, polling has shown, amid social instability over anti-migrant protests and more calls from top UK economists for a greater focus on getting Brits into the labour market before hiring overseas workers. Research by City AM/Freshwater Strategy has shown reducing immigration is the single most important issue [...]
Cut interest rates to four per cent, City AM Shadow MPC says

August 5, 2025

Top economists have voted 8-1 for interest rates to be slashed by 25 basis points in City AM’s new Shadow Monetary Policy Committee (MPC). Amid high inflation and falling job numbers, the Bank of England is set to face a difficult finely balanced decision on Thursday on whether to cut interest rates from the current [...]
Migrant returns deal to begin ‘within days’

August 5, 2025

The UK’s migrant returns deal with France is set to begin “within days”, the government has said, as Home Office officials brace to defend the pact against any legal challenges after “learning from the errors” of the previous government’s Rwanda deal. In the first agreement of its kind, the UK will return dozens of illegal [...]
Voters say Nigel Farage’s Reform is the ‘party of UK business’

August 5, 2025

Reform UK is now seen as the most pro-business party in Westminster, fresh polling produced for City AM has found, in one of the first major signs the public is warming to Nigel Farage’s economic policies. Political parties have long battled to present themselves as a pro-business party, with Labour’s Chancellor Rachel Reeves wooing company bosses [...]

Why HMRC is huge Premier League transfer window tax headache

Why HMRC is huge Premier League transfer window tax headache

Why the Loire Valley is about so much more than fairytale castles

By: Mauricio Alencar

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