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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Construction firms slash jobs after biggest-ever cost inflation rise

April 8, 2026

Construction businesses cut jobs at a faster pace in March while the month-to-month inflation rise was the largest on record in a survey that has existed for 29 years. S&P Global said the difference in a reading for cost inflation between February and March was the largest it had ever recorded since data collection began [...]
Bank of England: Interest rate hike predictions cool as trader sentiment resets

April 8, 2026

Fears of several interest rate hikes being made have eased as traders raved at the news of a ceasefire in the Middle East. Markets are now pricing in just one interest rate hike as the two-year gilt yield dropped to 4.1 per cent. The current interest rate is set at 3.75 per cent by the [...]
Rolls-Royce shares boom amid hopes of trade resumption

April 8, 2026

Shares in the retail stock darling Rolls-Royce skyrocketed as investors went back to bullish ways on news of a ceasefire in the Middle East. The stock price for the engineering giant soared by as much as 10 per cent as trading opened. It meant the stock hit 1,259.80p. The jump in the share price will [...]
Wireless Festival cancelled after Home Office blocks Kanye West

April 7, 2026

Organisers have canned this year’s Wireless Festival after its headline act Kanye West was blocked from travelling to the UK by the Home Office. The rapper was scheduled to play at the popular festival in north London this summer but West, who changed his name to Ye, will be blocked from travelling to the UK [...]
Stagflation to batter UK economy as growth grinds to halt

April 7, 2026

The UK economy is set to suffer from stagflation over the coming months as growth across the services sector ground to a halt in March, researchers have indicated. The war in the Middle East has brought output growth to its slowest level since last April while input price inflation hit its highest level since the [...]
Interest rate on student loans to be capped

April 7, 2026

Interest on student loans will be capped, in an attempt from the government to draw a line under a political row which has engulfed Westminster. Labour has announced that maximum interest rates on Plan 2 and Plan 3 student loans will not rise beyond six per cent from the next academic year starting in September. [...]
‘Cracks are showing’: Asylum contract deadline pushed back as pressure on Labour grows

April 7, 2026

The Home Office has pushed back a crucial deadline for private sector companies to bid for a key asylum accommodation contract, piling pressure on the government to see through its effort to reform the wider immigration system. A deadline for businesses to engage the Home Office on a new contract for managing asylum accommodation has [...]
14 charts reveal the massive challenges facing UK and NATO defence spending

April 7, 2026

Defence spending is casting a shadow over Downing Street. Military officers are in a state of despair. The choices facing Sir Keir Starmer are stark. The political calculus for the Chancellor, Rachel Reeves, has become more complicated than ever as the Iran war puts public finances in danger. Their difficulties go back to February 2025 [...]
Tories urge Waitrose to re-hire worker who tackled shoplifter – and give him a bonus

April 6, 2026

Shadow home secretary Chris Philp has urged the boss of Waitrose to re-hire Walker Smith, who tackled a shoplifter in south London attempting to steal luxury Easter eggs. Waitrose shop assistant Walker Smith was sacked by the supermarket after tackling a shoplifter, whom Smith recognised as a repeat offender. Philp wrote to Denyard, the managing [...]
MPs demand Kanye West ban as FTSE 100 sponsor ditches Wireless Festival

April 6, 2026

Labour MPs are calling on Sir Keir Starmer to ban Kanye West from performing in north London this summer as major sponsors ditched Wireless Festival. Luke Akehurst and Rachael Maskell are among some of the MPs to have publicly urged Starmer to intervene on a visa to be issued to the ‘Gold Digger’ rapper, who [...]

Tesco fuel sales boom after Iran war inflates petrol prices

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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