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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Tariffs could destabilise UK financial system, Bank of England warns

April 9, 2025

President Donald Trump’s global trade war is likely to destabilise the UK’s financial system, but the Bank of England has said banks will be able to cope with the shocks. The Bank’s policymakers also warned that the break-up of global trade would lower resilience and depress growth. The Financial Policy Committee (FPC), which monitors risks [...]
UK firms overpaying billions in corporation tax, research finds

April 9, 2025

UK firms overpaid £14.2bn in corporation in the last tax year, according to research by a leading accountancy firm
Net zero no longer a priority for SMEs

April 8, 2025

The majority of small and medium-sized firms (SMEs) have sidelined net zero practices, according to a survey of around 500 business owners, in signs that net zero policies are increasingly falling out of fashion. President Donald Trump’s abandonment of Biden-era green policies has driven a global trend that is seeing firms and governments move away [...]
Reeves held responsible as marginal growth expected

April 8, 2025

Chancellor Rachel Reeves has had to watch the UK economy trudge along since she took up residence at 11 Downing Street. But even more bad news has been forecast to come before another lot this summer, and potentially no better news later this year. This Friday, the Office for National Statistics (ONS) is poised to [...]
Reeves to meet US Treasury Secretary ‘shortly’ in trade deal race

April 8, 2025

Chancellor Rachel Reeves has said she plans to meet US Treasury secretary Scott Bessent as President Donald Trump is yet to offer allies any reprieve from his tariff policy. The UK is facing ten per cent tariffs on its goods exports to the US, putting the government under pressure to agree a deal that protects [...]
Trump threatens 100 per cent tariffs on China

April 7, 2025

President Donald Trump has threatened to slap additional 50 per cent tariffs on China if it doesn’t withdraw its retaliatory measures, pushing the possible level of tariffs it faces on exports to the US to over 100 per cent. In a post on Truth Social, the US president said retaliatory Chinese tariffs on US imports [...]
Four interest rate cuts this year pencilled in by markets

April 7, 2025

Markets are betting that the Bank of England will make up to four interest rate cuts this year, double what had been predicted in late March. President Trump’s tariffs are set to drag UK growth back by up to one percentage point, according to various forecasters, while their impacts on inflation remain ambiguous, leading investors [...]
Trump’s tariffs to push UK prices up, survey suggests

April 7, 2025

Tariffs will significantly harm British exporters that trade with the US, according to a survey by the British Chambers of Commerce (BCC), as a global trade war risks battering the UK economy. President Trump today doubled down on his controversial economic policies that include a ten per cent tax on all UK goods exported to [...]
IFS boss: We’re screwed with or without trade deals

April 7, 2025

The director of the Institute for Fiscal Studies (IFS) has suggested the UK could be heading for a recession as a trade deal may not be enough to revive crumbling markets or prevent a slump in economic growth. Paul Johnson, who is set to leave the leading economics think tank in the summer, told Times [...]
More Brits ‘in financial strain’ as Trump frightens UK voters

April 7, 2025

Nearly two in five UK voters are either cutting their spending or are unable to pay essential bills due to ‘financial strain’, according to the latest CityAM/Freshwater Strategy poll, as President Trump’s tariffs are set to send Chancellor Reeves’ growth plans into disarray. The Chancellor said at her Spring Statement in March that Brits [...]

Interest rates next change ‘far more likely down than up’

Exclusive: London in talks to host return of sumo at Royal Albert Hall

Bowls Club is the City’s most eccentric (and brilliant) pop-up

By: Mauricio Alencar

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