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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City AM Shadow MPC urges Bank of England to hike interest rates

Economics

The Bank of England should raise interest rates on Thursday in order to “protect credibility” and stamp out any risks of inflation spiralling out of control, top economists have said. City AM’s Shadow Monetary Policy Committee, which consists of leading economists across industry and academia, has called on the Bank to lift interest rates by [...]
Minimum wage hikes push up cost of employing a single worker ‘by over £4,000’

Economics

Minimum wage increases brought forward by the Labour government have pushed up the annual cost of employing a single worker by over £4,000, new analysis has shown, adding to a mountain of cost pressures facing businesses. Estimates by the Centre for Policy Studies, a free-market think tank, found that between 2024 and 2027 the annual [...]
Healey corrects Treasury colleague as he confirms employers are ‘working people’

Politics

John Healey has distanced himself from remarks made by his colleague, the Treasury minister Emma Reynolds, as he confirmed employers did count as working people. Over the weekend, Reynolds told broadcasters that she did not believe employers counted as “working people” under the Labour manifesto’s definition as “they are companies”. She added that there was [...]

Mortgage squeeze looms for millions as more families ‘financially strained’

November 3, 2026

More people are feeling a financial strain than at any other time in the last two years, polling has shown, with a rise in mortgage bills set to put household budgets under greater pressure. New City AM/Freshwater Strategy polling has suggested that half of mortgage holders will come off fixed-rate deals by the end of [...]
Jenrick lends support to Poundland suitors

November 3, 2026

Reform UK’s economic spokesman Robert Jenrick has revealed he is supporting potential bidders for discount retailer Poundland as he criticised the group’s “greedy” owner Gordon Brothers for pushing the business towards insolvency. Over the weekend, Jenrick suggested the government should intervene in the possible insolvency of Poundland, which would put some 12,000 jobs at risk, [...]
Voters expect ‘no difference’ to UK economy after Healey’s modest Budget

November 3, 2026

John Healey’s Budget will make “no difference” to the UK economy, voters have said, as concerns over stealth taxes and defence spending overshadowed a series of giveaways in the Chancellor’s maiden fiscal statement. Polling by City AM/Freshwater Strategy showed that about half of voters expected the Budget to make “no difference” to Britain’s economic fortunes. [...]
Mahmood waters down migration rules for care workers in £10bn gamble

November 2, 2026

Home secretary Shabana Mahmood has watered down migration rules for care workers after backlash from Labour MPs, although high earners will benefit from faster routes to settlement in the UK. The home secretary confirmed plans to allow some entrepreneurs, scientists and workers earning above £125,141 a year to be granted settled status rights after three [...]
Labour’s stance on China prioritises ‘politeness over security’

November 2, 2026

The Labour government’s approach to relations with China prioritises “diplomatic politeness over the UK’s national security,” a cross-party committee of MPs has found. A new report by the Business, Innovation, Science and Trade Committee warned the government’s stance on the world’s second largest economy had put the UK’s security at risk. MPs agreed that the [...]
Labour races ahead of Reform and Tories with eight-point lead

November 2, 2026

Labour has raced further ahead of Reform UK and the Conservatives, creating an eight-point gap in the polls in November. City AM/Freshwater Strategy polling has shown that 30 per cent of voters backed Labour, compared to 22 per cent for Reform UK and the Conservatives. The wider distance between Labour and its two main political [...]
‘Nailed on’: Bank of England expected to hike interest rates

October 30, 2026

The Bank of England is expected to hike interest rates next week as policymakers battle to stamp on inflationary pressures building in the UK economy. City analysts have predicted that the Bank’s Monetary Policy Committee will vote to raise interest rates from 3.75 per cent to four per cent. The Bank has been closely monitoring [...]

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By: Maurício Alencar

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