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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Iran deal is ‘largely negotiated’ as Trump teases Strait of Hormuz re-opening

May 24, 2026

President Trump has said that a peace deal with Iran is “near” as the Strait of Hormuz could re-open within days. On Saturday, Trump said the key trading route would be re-opened in the terms of a deal to be “announced shortly”. He wrote on a social media post: “Final aspects and details of the [...]
Reeves unveils ‘Great British Summer Savings’ at cost to energy giants

May 21, 2026

Chancellor Rachel Reeves has unveil edthe government’s “Great British Summer Savings” campaign, committing hundreds of millions of pounds to lower costs for families by taxing energy companies more. Under a new price adjustment set by the government, children aged five to 15 will be able to travel free on participating local bus services across England from [...]
‘Economically reckless’ – Streeting calls for wealth tax ‘that works’ in pitch for leadership

May 21, 2026

Wes Streeting has called for a “wealth tax that works” as the former health secretary sets out his stall ahead of an expected Labour leadership contest later this year. Streeting resigned from the cabinet earlier this month and has confirmed that he would stand in a contest to oust Sir Keir Starmer, though he has [...]
More Brits ditch UK than thought as net migration halved

May 21, 2026

More British nationals have ditched the UK than previously thought as the Office for National Statistics said net migration halved between 2024 and 2025. The ONS said that 246,000 British nationals left the UK in 2025, with two thirds of people being aged 16 to 34. This was a decline from 2024 when 257,000 British [...]
Firms accelerate job cuts as 12-month growth run ends

May 21, 2026

Firms have accelerated job cut plans across the private sector as a 12-month run of business growth has come to an end, new data has revealed. Employers have now slashed headcount levels in each of the last 20 months, with the pace of job shedding in May coming at a faster pace, S&P Global researchers [...]
Wes Streeting urges Labour to help youth ‘as an emergency’

May 20, 2026

Wes Streeting has called on the government to support young people “as an emergency” in a resignation speech that accused Sir Keir Starmer of leading a losing battle against Reform UK. Streeting said he supported Chancellor Rachel Reeves’ economic agenda before the Iran war broke out and upended policy-making, though he suggested the Labour leadership [...]
Taxpayers on the hook over ‘dangerously outdated’ government IT systems

May 20, 2026

One in four government computer systems are running on outdated technology, a new report has found, with taxpayers having to pay more for failures across Whitehall. The findings, published by Westminster think tank Re:State and supported by Ark Data Centres, reveal that nearly a quarter of the 319 central government systems assessed as of January [...]
Starmer scrambles to limit fuel shortage hit

May 20, 2026

Sir Keir Starmer has spelt out a number of policies to address fuel shortages, signalling the government’s fears that the Iran war could hit motorists and households. During Prime Minister’s Questions, Starmer defended an announcement last year to “phase” new sanctions on Russia, while also trailing a policy to freeze a 5p fuel duty cut [...]
Andy Burnham refuses rule out manifesto-busting tax hikes

May 20, 2026

Andy Burnham has refused to commit himself to protecting Labour Party manifesto commitments to not raise taxes. Burnham, who is Labour’s candidate in an upcoming by-election in Makerfield, declined to comment on whether he supported the party’s 2024 election manifesto. The Manchester mayor appears to be on a path towards becoming Prime Minister, sharing clips [...]
Inflation drops as Labour subsidies delay price surge

May 20, 2026

Inflation dropped slightly compared to the result in the month before as Chancellor Rachel Reeves’ Budget policies stalled an expected surge in price growth. The Office for National Statistics revealed that the consumer price index (CPI) reading was 2.8 per cent, lower than expected by City forecasters. The data for price growth in the year [...]

Late payments costing UK economy £11bn as SMEs struggle to invest

Can football conquer the US? Why culture is key this World Cup

The best places to eat sandwiches in Lisbon, from bifanas to pregos

By: Mauricio Alencar

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