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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Oil prices could race past $150 as ceasefire in ‘difficult phase’

April 11, 2026

Oil prices could shoot up beyond $150 per barrel if trade flows through the Strait of Hormuz remain disrupted as the US-Iran ceasefire was entering a “difficult phase”. Research company Kpler said that problems across the Strait could prompt markets to change tune and lead to oil prices jumping higher. The Brent crude oil price, [...]
AI security officials test Anthropic cyber threat as Bank of England to convene chiefs

April 11, 2026

AI minister Kanishka Narayan has said that Anthropic’s new cyber model was the most powerful seen yet as finance chiefs from the Bank of England and Treasury are set to meet next week to discuss the threats posed to the financial sector. Narayan revealed that Claude Mythos, a new model that was held back from [...]
Starmer told Trump to be ‘practical’ amid Strait of Hormuz tax rumours

April 10, 2026

Sir Keir Starmer has said he spent most of a conversation with Donald Trump on Thursday night talking about a “practical plan” to secure the Strait of Hormuz, shortly after he said he was “fed up” of the US president’s impact on energy bills. Starmer said he spoke to Trump about the blocked strait, which [...]
Healey: Defence investment is Starmer’s ‘highest priority’

April 10, 2026

Defence secretary John Healey has said defence investment is the Prime Minister’s “highest priority” as military officials wait for a long-awaited strategy paper on procurement and spending. At the London Defence Conference, Healey said Sir Keir Starmer has taken a “personal interest” in drafting the Defence Investment Plan, which was due to be published last [...]
OECD tells Reeves to reform ‘inefficient’ UK tax system

April 10, 2026

Top economists have urged Chancellor Rachel Reeves to launch a sweeping review of the UK tax system in order to improve growth prospects and boost investment. Researchers at the OECD – Organisation for Economic Co-operation and Development for long –said the UK economy suffered from distortions in its tax system as well as loopholes exploited [...]
Miliband slammed for net zero sprint as high costs hamper businesses

April 10, 2026

Labour-linked researchers have slammed Ed Miliband’s net zero drive as the UK’s sky-high energy costs have come under intense scrutiny due to oil trade disruptions from the war in Iran and OpenAI’s decision to put a landmark data centre project in the UK on. Researchers at the Tony Blair Institute blamed the UK government’s dithering [...]
Mahmood agenda bites: Migrant worker applications nearly halve in a year

April 9, 2026

The number of applications for skilled worker visas has nearly halved in a year after home secretary Shabana Mahmood raised the barriers to entry for migrants. Official data released by the Home Office showed that there were 34,700 skilled worker visa applications in the year to March. This was a 44 per cent decrease from [...]
Fuel shortages, hunger, inflation spiral: IMF fears ‘scarring’ harm from Iran war

April 9, 2026

Several fuel shortages, hunger and spiralling inflation will be some of the consequences of the Iran war as the head of the International Monetary Fund said that it would leave “scarring effects” on the global economy. In a speech by Kristalina Georgieva, the IMF’s managing director, global policymakers were warned that trade disruption across the [...]
Oil slides and stocks surge as US hails ‘chance at peace’

April 8, 2026

Global markets breathed a much-needed sigh of relief on Wednesday morning after it emerged Donald Trump reached a temporary ceasefire agreement with Iran, just hours before a high-stakes deadline in which the US president had threatened to destroy bridges, power plants and swathes of Iranian infrastructure. On Tuesday Trump set a dramatic ultimatum that “a [...]
‘Beautiful thing’: Trump moots US-Iran tax for ships in Strait of Hormuz

April 8, 2026

President Trump has floated the prospect of a “joint venture” with the Iranian leadership on administering a tax on ships passing through the Strait of Hormuz in a new peace deal for the region. Trump said both the US and Iran could jointly tax ships passing through the stretch of water, which is critical for [...]

City trader: ‘My coke dealer came to the Canary Wharf office every day at 9am’

An England World Cup isn’t just football – it is money, politics and a nation’s bad habits

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

By: Mauricio Alencar

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