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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Labour’s unemployment benefit reforms could ‘save £3bn a year’

October 9, 2025

A government proposal to replace the unemployment benefits system with an “unemployment insurance” benefit could save the government up to £3bn a year despite being higher than the current new style jobseeker’s allowance payment, a new report has indicated. Labour officials are mulling over plans to cut the welfare bill to reduce the size of [...]
Kemi Badenoch pledges to abolish stamp duty

October 8, 2025

Tory leader Kemi Badenoch has pledged to abolish stamp duty on primary residences to help support people moving into their first home as she centred her speech on backing people wishing to “get ahead in life”. In a speech delivered to Conservative Party members at its Manchester conference, Badenoch said the Tories would cut stamp [...]
Former CPS top lawyer: China spy case ‘does not add up’

October 8, 2025

Public prosecutors have said a Chinese spy case involving Christopher Cash and Christopher Berry was dropped due the lack of evidence provided by the Labour government on labelling the country a threat. The Director of Public Prosecutions Stephen Parkinson said the Crown Prosecution Service (CPS) tried to take evidence from the government “over many months” [...]
Kemi Badenoch pledges ‘golden rule’ to cut deficit

October 8, 2025

Tory leader Kemi Badenoch will reveal her plan to reduce the public deficit will be a “golden rule” in a crucial speech setting out her party’s hopes to regain voters’ trust on the UK economy. Addressing Conservative Party members on Wednesday, Badenoch is set to lay out a central mission underpinning hopes of reviving the [...]
Badenoch preferred as Prime Minister over Starmer

October 8, 2025

Kemi Badenoch has been handed a boost ahead of her make-or-break Tory conference speech today as fresh polling has shown the Tory leader is preferred as Prime Minister over Keir Starmer. The latest City AM/Freshwater Strategy survey has shown that Badenoch leads Starmer by two percentage points as the country’s preferred Prime Minister, a marginal [...]
Mel Stride: I would raise income tax in Rachel Reeves’ position

October 7, 2025

Shadow Chancellor Mel Stride has said he would raise income taxes if he were in Rachel Reeves’ position, facing a £30bn black hole in the public finances. Speaking at a fringe event at the Tory party conference in Manchester, Stride said raising income taxes was the “cleanest” tax hike option available. His comments will likely [...]
House prices fall amid pre-Budget jitters

October 7, 2025

House prices fell last month, a leading price index has suggested, a warning that house buyers and sellers are nervy ahead of a potential tax raid on property. Halifax’s house price index suggested house prices dropped by 0.3 per cent on the month, putting the average property cost at £298,184. The annual rate of growth [...]
Brits fear Rachel Reeves’ next Budget will make them worse off

October 7, 2025

A majority of Britons believe Rachel Reeves’ next Budget will make them worse off while three in four have lost faith in the government’s growth mission, fresh polling reveals. The Labour government has made growing the UK economy its central mission in government in a bid to claw back support across the electorate. But the [...]
Reform in poll surge as Starmer’s approval rating remains worst in UK

October 6, 2025

Reform UK has extended its lead over Labour in the polls as Prime Minister Keir Starmer’s approval ratings remained the worst of any top British political figure despite rallying calls for voters to back the government in defeating Nigel Farage. The latest monthly City AM/Freshwater Strategy poll shows Nigel Farage’s Reform UK gaining two points [...]
Tories vow to ease IR35 rules and cut red tape for small businesses

October 6, 2025

Identification checks for small businesses would be eased under a new Tory pledge to slash red tape and allow entrepreneurs to open bank accounts at a quicker pace. Andrew Griffith, the shadow business secretary, will tell party members that the Tories would make growth among small businesses central to wider economic plans as they would [...]

Lloyds and Barclays shares fall as Healey ‘poised’ to hike bank tax

Fifa still refusing to share World Cup sell-off papers, says FA chair

Cloth Cornhill review: A London icon returns – and it’s fabulous

By: Maurício Alencar

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