By: Mauricio Alencar

Politics and Economics Reporter Maurício Alencar is CityAM’s Politics and Economics Reporter. He covers the state's relationship with Canada 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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UK borrowing costs waver as Starmer insists he will not ‘walk away’

May 8, 2026

Government borrowing costs – which are reflected in changes in gilt yields – have edged lower as City traders were calmed by Sir Keir Starmer’s insistence that he would not “walk away”. Gilts were the best performing government bonds out of any G7 nation on Friday morning as 10-year yields dropped by around eight basis [...]
Exclusive: Ajax tank maker handed £12m from MoD despite trial pause

May 7, 2026

The company behind the failed Ajax tank was paid more than £12m in the period trials were paused, CityAM can reveal, laying bare the scale of dysfunction inside national defence procurement. General Dynamics continued to receive taxpayer cash in the period between late November and this week, the time where the government intervened to [...]
Local elections 2026: City awaits ‘significant’ event for Labour leadership

May 7, 2026

City giants have warned today’s local elections will be “significant” for market pricing, with traders keeping a close eye on possible leadership moves made by the likes of Angela Rayner and Andy Burnham. Several financial behemoths have lined up to warn investors that results across the country over the coming days could be unusually important [...]
Oil price pulls back and FTSE 100 rebounds after ‘TACO’ Trump post

May 6, 2026

Oil prices took a step back from a gradual climb on Wednesday after President Trump announced he would pause his military escort operation through the Strait of Hormuz, prompting analysts to joke that the “TACO” president was back. The Brent crude oil price slipped below $100 per barrel amid hopes of a peace deal being [...]
London local election results 2026: Labour lose Westminster as Tories take control

May 6, 2026

CLICK HERE to view all the latest London election results The Conservatives have gained Westminster City Council from Labour after losing in 2022. The Tories pinched nine seats from Labour, who slumped to 22. No surprise now that, as earlier reported, the atmosphere among Tory campaigners in Westminster was jubilant. CLICK HERE to view all the latest [...]
London local elections results 2026: Labour lose Wandsworth council

May 6, 2026

CLICK HERE to view all the latest London election results Labour has lost an incredibly tight contest in the west London borough of Wandsworth. The Conservatives picked up eight extra seats to take their total to 29, while Labour lost six to slump to 28. The Tories had been eyeing a takeover in Wandsworth, but the borough [...]
London local elections 2026: Who will win in the borough of Tower Hamlets?

May 6, 2026

CLICK HERE to view all the latest London election results Tower Hamlets has become something of a controversial area in London with its own council difficulties and division over the proliferation of LTNs. Will Aspire retain the council or could the Greens persuade voters to back its national electoral drive? Tower Hamlets is where fractured [...]
London local elections 2026: Who will win in the borough of Sutton?

May 6, 2026

Sutton Council has become a reliable winner for the Liberal Democrats. But with pothole problems, accusations of toxicity and manoeuvres from Reform, could this council bring a surprise result? Sutton has become something of the Liberal Democrats’ stomping ground, winning majorities over several decades. Labour has tailed off in third along with independents while the [...]
Businesses cut jobs for 19 consecutive months yet ‘growth holds up’

May 6, 2026

Businesses have now cut jobs for 19 consecutive months as researchers warned that higher payroll costs and productivity gains have forced employers in the services sector to rethink hiring plans. Results from S&P Global’s purchasing managers’ index (PMI) suggested that lower staffing numbers across the UK’s dominant services sector have been recorded in each month [...]
London local elections 2026: Who will win in the borough of Camden?

May 6, 2026

CLICK HERE to view all the latest London election results Sir Keir Starmer will be looking closely at how results pan out in his own backyard given his constituency in Holborn and St Pancras. Could the Greens or Lib Dems put Labour’s control under threat given the prominence of issues such as Gaza, planning and [...]

Record number of central banks plan to increase gold holdings amid global volatility

Children as young as 14 are being targeted by unregulated gambling firms on social media

Old Pulteney releases 50-year-old whisky for 200th anniversary

By: Mauricio Alencar

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