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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Keir Starmer puts Treasury manpower in No 10 at expense of Reeves

September 1, 2025

Keir Starmer has made a series of new appointments that point to his drive to bolster No10’s focus on the UK economy at the expense of the Treasury. Starmer has given Darren Jones the newly-created position of chief secretary to the prime minister after he previously served as the chief secretary to the Treasury. In [...]
Mortgage approvals rise for third month in a row

September 1, 2025

Mortgage approvals for house purchases edged up in July, the third month in a row that has seen a rise, official data has shown. Money and credit statistics published by the Bank of England showed the housing market remains intact despite fears it might slump ahead of the Autumn Budget. The rise in approvals came [...]
Manufacturing recovery collapses amid spiralling costs

September 1, 2025

Manufacturing output hit a three-month low in August, a new survey has suggested, after early signs in the summer indicated the sector was on a path to recovery. The Labour government is determined to deliver higher growth, with strategy papers outlining plans to boost production across the UK by lowering energy costs. But new purchasing [...]
Rachel Reeves tells creditors to resolve Thames Water crisis

September 1, 2025

Rachel Reeves has called for a “market-based solution” to be found at Thames Water before the company is put into special administration. The Chancellor reportedly sent a letter to creditors of Thames Water to state that any solution must result in a “successful turnaround”. Her letter came after environment secretary Steve Reed said the government [...]
Voters oppose higher taxes and want Rachel Reeves sacked

September 1, 2025

The majority of UK voters would be opposed to higher taxes despite pressures on public finances, a new poll has found. Analysis by economists has suggested that Rachel Reeves will have to raise taxes by as much as £50bn in the Autumn Budget, with property owners and pension pots reportedly set to be targeted by [...]
Firms mildly confident about growth after worst reading on record

September 1, 2025

Firm owners are now mildly confident about seeing their companies grow after July’s reading showed business confidence at the second-lowest level on record, according to a leading industry group’s monthly survey. A survey by The Institute of Directors (IOD) has said that business leaders’ confidence in their own organisations is now in positive territory, having [...]
Reeves warned ‘sin taxes’ could fail to boost tax receipts

September 1, 2025

Labour officials have been warned that plans to boost government revenue by raising “sin taxes” could be judged harshly by the Office for Budget Responsibility (OBR) this year, with industry bosses calling on the Treasury to listen to “on-the-ground concerns” before making a final decision. Reports have suggested the government could raise gambling levies later [...]
Household costs hit private renters and families in Labour’s first year

August 28, 2025

Household costs rose higher for families and renters than other groups in the year to June, official data has shown, as inflation has nearly doubled in the first year of Labour compared to the last year of the previous Conservative government. The Office for National Statistics (ONS) said overall UK household costs rose by 3.9 [...]
Torsten Bell: Who is the mastermind behind the 2025 Autumn Budget?

August 28, 2025

When parliamentary candidates were revealed ahead of last year’s elections, Torsten Bell was one of the better-known names on Labour’s list. With his glaringly wonkish CV and swaggering way of talking up esoteric economic policies, he seemed primed to one day leave his mark on a Budget. According to the New Statesman, his opportunity to [...]
Services sector in one year of pessimism, CBI suggests

August 28, 2025

The UK services sector’s pessimism in business prospects has now lasted a full year, a new survey has found, providing further evidence that the trust between businesses and the Labour government has broken down. Labour ministers have rolled out a number of strategy papers over the last months to offer firms across the country a [...]

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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