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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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 [...]
Bank of England: Businesses sharply raise inflation expectations

April 2, 2026

Businesses’ inflation expectations shot up in March according to a closely-watched Bank of England survey, as bosses braced for a surge in energy costs as a result of the Iran war. The Banks’ decision makers’ panel, a monthly poll of thousands of execs, found that the average expected inflation rate in the next year was [...]
Reform fundraiser Nick Candy offloads £270m mansion in ‘biggest sale ever’

April 2, 2026

Reform UK’s chief fundraiser Nick Candy has sold his property in Chelsea at a value of around £270m, it has been reported, in what has been dubbed the biggest house sale in history. Candy, the real estate mogul behind One Hyde Park in Knightsbridge, has sold the family home to an unnamed buyer, according to [...]
Farage slammed over pledge to keep ‘unsustainable’ triple lock pension

April 2, 2026

Nigel Farage’s Reform UK has come under fire after committing to maintaining the triple lock pension, the financial mechanism that ensures pensioners’ earnings are increased by whatever is higher out of inflation or wage growth even in times of economic crisis. In a press conference on Thursday, Treasury spokesman Robert Jenrick said pensioners were worried about [...]
Jim Ratcliffe backs Tory pledge to slash net zero tax

April 2, 2026

Sir Jim Ratcliffe has joined a number of manufacturing bosses in support of a Tory pledge to axe carbon taxes levied through a trading scheme critical to the government’s net zero efforts. In a joint release between the Conservatives plus the Ineos chief and other industry bosses, the Kemi Badenoch’s party said it would save [...]
Costs up, demand down: Manufacturers suffer biggest squeeze since 2022

April 1, 2026

Costs for the UK’s manufacturing sector have risen at the fastest pace in three and a half years, new data has indicated, as the energy price shock from the Iran war hammers businesses. S&P Global research has found that manufacturers suffered the highest increase in input prices since late 2022 when Russia’s invasion of Ukraine [...]
Starmer moots closer ties with EU amid Trump row

April 1, 2026

Sir Keir Starmer has mooted building closer ties on various sectors of the economy with the European Union after President Trump suggested he was considering pulling the US out of Nato. In a press conference on Wednesday, Starmer billed strengthening ties with the EU at an upcoming summit as part of a wider push to [...]
UK business confidence plunges to another record low

April 1, 2026

Business confidence in the future of the UK economy has plunged to another record low as directors fear the war will damage investment plans and increase costs, a leading survey has found. Research by the Institute of Directors recorded business confidence dropping to a net figure of -76 in March, compared to -63 in February. [...]
Trump tells Starmer to ‘go get your own oil’

March 31, 2026

President Donald Trump has told Sir Keir Starmer that the UK will have to “fight for yourself” as the US would not provide any support in fuel supplies. In another threat targeted at Starmer posted on his own social media platform, the US president mocked the UK’s struggles in obtaining jet fuel because of a [...]
Energy price cap set to jump as consumers brace for soaring bills

March 31, 2026

The Ofgem energy price cap is expected to leap by 18 per cent after June as households brace for the impact of spiralling oil and gas prices. Energy consultancy firm Cornwall Insight has forecast the average annual energy bill to be set by the regulator Ofgem at £1,929 in July. It would represent a £288 [...]

Ministers open door to phased Heathrow third runway plan

Concern as gambling black market set for £40m Royal Ascot boost

Mexican Michelin stars arrive in the Square Mile at Ned pop-up

By: Mauricio Alencar

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