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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Bank of England policymaker urges faster interest rate cuts

July 2, 2025

Bank of England dove Alan Taylor has urged his colleagues on the Monetary Policy Committee to vote for faster interest rate cuts to allow a “soft landing” on the inflation path. Bank officials voted to hold interest rates at 4.25 per cent in June, with inflation bouncing back up to 3.4 per cent in April [...]
Labour urged to scrap state pension triple lock

July 2, 2025

The government should scrap the £145bn triple lock on the state pension and employers should automatically contribute to private pensions, the Institute for Fiscal Studies (IFS) has said. Labour’s election manifesto last year said it would commit to keeping the state pension, while the Conservative Party pitched a ‘triple lock plus’ pension that would increase [...]
Keir Starmer urged to slash number of graduate visas

July 2, 2025

Prime Minister Keir Starmer has been urged to scrap the graduate visa for thousands of international students as universities have provided “backdoor access” for longer-term settlement, according to a leading think tank. The government unveiled its immigration white paper aimed at getting net migration levels down, with the period during which graduates are able to [...]
Exclusive: Taxpayers to front extra £4bn for recent HS2 delays

July 2, 2025

Recent delays to HS2 have increased costs for taxpayers by up to nearly £4bn, according to a government document detailing the value of mega-projects in the UK. The Office for Value for Money, a cost-saving unit set up by Rachel Reeves, found deferrals over the last two years would increase costs on Phase 1 from [...]
Badenoch: Welfare ‘fudge’ driven by ‘panic not principle’

July 1, 2025

Kemi Badenoch has branded Labour’s welfare reforms a “fudge” that will fail to curb the government’s spiralling welfare bill on health and disability benefits. MPs are set to vote on work and pensions secretary Liz Kendall’s welfare bill aimed at getting more inactive Brits back into the national workforce by changing eligibility for personal independence [...]
Manufacturers fear Labour government will ‘derail growth’

July 1, 2025

Manufacturers continued to see output decline in June, fresh data has shown, as most business owners are now looking at how they can grow under the Labour government. The UK government last week unveiled its industrial strategy aimed at giving high-growth sectors such as advanced manufacturing confidence over the next ten years. But fresh research [...]
Andrew Bailey warns investment delays hitting UK growth

July 1, 2025

Bank of England Governor Andrew Bailey has warned firms are delaying investment plans due to global turmoil, damaging the UK’s economic growth prospects. Markets have restabilised since April when President Trump’s sweeping tariffs threatened to damage international trade while oil prices have fallen since a short-lived conflict between Iran and Israel. But Bailey has warned [...]
Biggest manufacturers expected to pay £685m more in tax

June 30, 2025

Manufacturers across the UK will have to cough up £685m more in new property taxes next year, new research has suggested, adding costs to several businesses which are struggling to boost output and already cutting back on headcounts. The government last week said it was ready to address high electricity prices for up to 7,000 [...]
Reeves told Lifetime ISAs rules are ‘nonsensical’ and costing savers

June 30, 2025

Lifetime ISAs require deep reform, as strict rules on cash withdrawals mean customers are left with less money than they initially deposited, leading Britons to make worse investment decisions, while the government sets aside too much spending for bonuses, senior MPs have told Chancellor Rachel Reeves. Reeves is a fortnight away from her flagship Mansion [...]
ChatGPT wipes out entry level jobs

June 30, 2025

Vacancies for graduate roles, apprenticeships, internships, and junior positions have decreased by more than 30 per cent since ChatGPT emerged at the end of 2022. The research by Adzuna follows a warning last month from the Chief Executive of artificial intelligence heavyweight Anthropic, Dario Amodei, who said that AI could eliminate up to 50 per cent of [...]

‘I have more to do’: Reeves campaigns for Chancellor role under Burnham

Wimbledon to stay on BBC as grand slam bucks paywall trend

London Indian Film Festival Returns with Star-Studded 2026 Programme Led by Aamir Khan

By: Mauricio Alencar

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