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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Mervyn King: UK debt is ‘not in a comfortable position’

September 10, 2025

The UK’s national debt load is “not in a comfortable position” and the government faces a “real challenge” in managing fiscal policy, the former Governor of the Bank of England has said. Speaking to Lords at a committee hearing on Wednesday, Mervyn King said the UK was in a “much stronger position” before the financial [...]
FCA plans to allow contactless payment limits above £100

September 10, 2025

Card providers are set to be given the powers to set their own limits on contactless payments, which are currently set at £100, under proposals set out by the City regulator. The Financial Conduct Authority (FCA) has revealed that it will consult industry on whether the rules should be relaxed as part of its task [...]
Goldman Sachs: Tax increases will not improve public finances

September 10, 2025

Chancellor Rachel Reeves has been warned by a leading Wall Street bank that hiking taxes later this year will not improve the state of public finances. Reeves is widely expected to raise taxes by at least £20bn at this year’s Autumn Budget, with property owners, gambling companies and pension pots likely to be hit with [...]
Kemi Badenoch: Labour presiding over ‘tax doom loop’

September 9, 2025

Opposition leader Kemi Badenoch has accused the Labour government of leading the UK into an economic crisis of low growth and high spending, as she urged the government to prioritise deep welfare cuts over increasing taxes at the Autumn Budget. In a speech delivered to the Institute of Chartered Accountants’ Hall, Badenoch called out the [...]
Rachel Reeves defends Labour against bond market selloff

September 9, 2025

Chancellor Rachel Reeves has launched a defence of Labour’s economic record and blamed her Tory predecessors for the mass selloff in the gilt market despite growing criticism of the government’s fiscal policies. In a parliamentary session before MPs, Reeves said the government had made “fully funded and fully costed” plans to support its £190bn splurge [...]
Race for Labour deputy reignites wealth tax debate

September 9, 2025

Labour’s Islington South and Finsbury MP Emily Thornberry has thrown her hat in the ring for Labour deputy leader and proposed a new wealth tax as part of her campaign, prompting Chancellor Rachel Reeves to strike down calls by ruling out its introduction. Thornberry, the former shadow foreign secretary under Jeremy Corbyn’s leadership who now [...]
UK economy dubbed ‘stagflation-lite’ as Starmer talks up ‘patriotic’ growth mission

September 9, 2025

The UK economy is not expected to have recorded any growth in the month of July as leading analysts suggest that a lack of clarity over Labour’s future policies are hitting firms – despite a call from the prime minister for ministers to take on a “patriotic duty” to drive growth. Rachel Reeves and Keir [...]
Meet the new ministers driving Labour’s latest growth mission

September 9, 2025

A £25bn fiscal black hole, fading housebuilding hopes and lacklustre productivity growth marked a troublesome end to the first year in office for the new occupants of Downing Street this summer. While the resignation of Angela Rayner – the popular Labour figure who had called for the Treasury to turn left and tax the wealthy – [...]
Sadiq Khan accused of avoiding public over tube strikes

September 9, 2025

Sadiq Khan has been accused of hiding from the public amid ongoing tube strikes hitting Londoners and commuters, with costs on businesses projected to rise above £100m. The Mayor has faced heavy criticism over the lack of public comments made in response to the tube strikes, with union bosses holding firm on radical demands to [...]
No 10 backs ‘fed up’ Londoners in tube strikes row – as pressure grows on Khan

September 8, 2025

No 10 has backed “fed up” Londoners hit by tube strikes on Monday as Mayor Sadiq Khan was urged to find a solution with the trade union RMT to end industrial action. People across the capital have been hit by strikes stopping services on the London Underground, with disruption to last until Friday. The prime [...]

Burnham 1-0 Khan: Cardiff right place for Fury vs Joshua boxing bout

Burnham 1-0 Khan: Cardiff right place for Fury vs Joshua boxing bout

Lotus, Porsche and Corvette: the best sports cars to buy in 2026

By: Maurício Alencar

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