Budget will hurt UK wage growth, Goldman Sachs warns Economics UK consumer spending is set to slump next year and dent UK growth, analysts at Goldman Sachs have warned, as the impact of the Budget ripples through the economy. The rise to employers’ national insurance (NI) contributions will lead to slower wage growth for staff and higher costs for consumers, the investment bank wrote in [...]
UK inflation set to jump above target in headache for Rachel Reeves Economics UK inflation is expected to have surged above the Bank of England's two per cent target in October, bolstering a cautious approach to cutting interest rates in the months ahead.
Reeves ‘not satisfied’ as economic growth slows in third quarter Politics Rachel Reeves has said she is “not satisfied” after official figures showed economic growth slowed in the months after Labour won the election, and even contracted in September. The UK economy grew by 0.1 per cent between July and September, versus 0.5 per cent growth in the previous quarter, the Office for National Statistics (ONS) [...]
Budget tax hike could destroy 100,000 jobs, Deutsche Bank estimates November 15, 2024 The hike to employers' national insurance in last month's Budget could end up costing the economy over 100,000 jobs, according to research from Deutsche Bank.
Has Rachel Reeves talked the UK economy into a downturn? November 15, 2024 The economy expanded just 0.1 per cent in the three months to September, below expectations and down from a 0.5 per cent expansion in the previous quarter.
Firms blame Budget uncertainty as economy slows sharply in third quarter November 15, 2024 The UK grew at a slower pace than expected in the third quarter, according to new figures, with business groups pointing to the impact of uncertainty ahead of last month’s Budget. New figures from the Office for National Statistics (ONS) showed that the economy grew 0.1 per cent in the third quarter, after contracting 0.1 [...]
Square Mile and Me: Farmer J boss Jonathan Recanti on his career (and what salad he orders) November 14, 2024 In this week's Square Mile and Me, Farmer J founder Jonathan Recanti tells us about his career from City banker to Square Mile salad tycoon.
Buy-now pay-later giant Klarna files for IPO in the US November 13, 2024 Buy-now pay-later (BNPL) giant Klarna has filed for an initial public offering (IPO) in the US, formally starting proceedings for a blockbuster stock market debut. The Swedish fintech company confidentially submitted the relevant paperwork to the Securities and Exchange Commission (SEC), it said last night. Klarna added that the number of shares to be offered [...]
Cavendish says IPOs on the way as City investment bank returns to profit November 11, 2024 Cavendish has reported a jump in dealmaking fees and said more IPOs could be on the way as the City investment bank returned to profitability.
Law firm Birketts expands global reach using London as launchpad November 11, 2024 Law firm Birketts has been revamping its brand beyond East Anglia, using its London move as a springboard to go global