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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Interest rates look set to be held amid bond market pressure

Economics

The Bank of England is expected to leave Interest rates unchanged even as bond traders raised expectations for upcoming hikes and the Federal Reserve opted to tighten monetary policy in the US. The Bank’s nine-member Monetary Policy Committee is expected to back leaving interest rates at 3.75 per cent although policymakers are set to be [...]
Sir James Cleverly: London needs its mojo back

London

Council takeovers in Westminster and Wandsworth have offered the Tories a new confidence boost in London. Sir James Cleverly, once close to becoming party leader, speaks to Maurício Alencar about his ambition to lead the Conservatives into the next London mayoral election in 2028. Unprompted, Sir James Cleverly insists it’s “nonsense” that London is a [...]
Wandsworth Council plans 94 per cent tax rise after Rayner’s cuts

Politics

Wandsworth Council has announced taxes will rise by 94 per cent for Band D residents after local leaders hit out at the government for cutting funding by £84m a year. The local authority, regularly dubbed Margaret Thatcher’s favourite council because of its historically low-levels of council tax, will make Band D council taxpayers stump up [...]

Haldane warns Burnham on ‘tax-and-spend socialists with better TikTok videos’

September 16, 2026

Former Bank of England chief economist Andy Haldane has warned Prime Minister Andy Burnham that markets believe he is presiding over a “traditional tax and spend socialist government with better Tiktok videos”. Haldane, who advised Burnham before he returned to Westminster earlier this year, said the government’s “Achilles’ heel” was its inability to cut public [...]
Inflation inches higher ahead of interest rates decision

September 16, 2026

Inflation inched higher in the year to August, official data has shown, adding to pressures faced by the Bank of England ahead of its interest rate decision on Thursday. The Office for National Statistics (ONS) said consumer price index (CPI) inflation in the 12 months to August was 3.1 per cent, higher than last month’s [...]
Reform’s London mayor pick: I want to design London like an iPhone

September 16, 2026

Londoners are steadily finding out who will be on the ballot sheet for the next mayoral election in 2028. Mauricio Alencar spoke to Reform UK’s candidate Laila Cunningham about her tunnel-vision approach to getting things done. Laila Cunningham has a simple pitch to Londoners. While, for the moment, it looks like Labour and the Tories [...]
Hold interest rates despite inflation risk, Shadow MPC tells Bank of England

September 15, 2026

The Bank of England has been urged to hold interest rates even as inflation is set to peak higher than previously expected due to the continuation of the Iran war, City AM’s Shadow Monetary Policy Committee has said. The Bank should leave interest rates unchanged at 3.75 per cent, according to most top economists in [...]
Reynolds hails ‘tremendous upsides’ to AI amid warnings on threats

September 15, 2026

Business secretary Jonathan Reynolds has emphasised the “tremendous upsides” to AI that should not be overlooked, as a growing number of tech engineers have warned of its threat to existence. Reynolds told the BBC that the UK should “never be complacent” about AI or “naive about the impact”, although he emphasised that new models could [...]
State pension to top £13,000 as triple lock piles pressure on Healey

September 15, 2026

The state pension is set to rise by £490 next year as a result of the triple lock, adding to “pressures” facing Chancellor John Healey as he draws up his first budget. New earnings growth data released on Tuesday has indicated that the triple lock pension will rise by 3.9 per cent. The triple lock [...]
Private sector wage growth at lowest level in nearly six years

September 15, 2026

Private sector wage growth remains at lows not seen in nearly six years in a sign that Britain’s labour market is weakening further ahead of a crunch interest rate decision for the Bank of England on Thursday. New data has shown that the wider UK jobs market cooled further over the summer, adding to a [...]

Sydney Sweeney Novig ad backlash shows how much women’s sport has changed

Sydney Sweeney Novig ad backlash shows how much women’s sport has changed

XPeng G6: The Electric SUV with Business Appeal

By: Maurício Alencar

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