Budding economic recovery set to support sterling in weeks ahead, analysts argue February 26, 2024 A budding economic recovery and a later start to the Bank of England's interest rate cuts will support sterling over the coming weeks.
Strong services sector helps UK economy continue to ‘gain momentum’, but inflationary fears mount April 23, 2024 Although the manufacturing sector recorded a marginal decline in activity in April, output from the services sector climbed for the sixth consecutive month.
Bank of England’s Huw Pill: Brits ‘need to accept’ they’re poorer April 25, 2023 Bank of England's chief wonk says Brits need to accept they're poorer - or risk stoking further price hikes
FTSE 100 today: London markets braced for quiet start; Q1 earnings and UK monthly GDP in spotlight April 12, 2024 Asian stocks remain quiet, gold hits new highs, and oil prices climb. Amazon reaches a record peak, while Fed officials remain wary of rate cuts. Focus now turns to Q1 earnings, the UK monthly GDP for February, and the preliminary US Michigan Consumer Sentiment Index for April.
It’s time to revisit Bank of England independence April 26, 2024 Independence should not mean the Bank of England is shielded from government scrutiny and accountability to the public, says Damian Pudner Last week, a striking disclosure by former prime minister Liz Truss reignited the debate on the delicate balance between political authority and the operational independence of central banks – a topic with profound implications [...]
Biden his time: What can the US President do to contain rising oil prices ahead of the mid-terms? January 25, 2022 As inflation, interest rates and Covid-19 mortalities rise in the US the only thing that appears to be sliding is President Joe Biden’s poll numbers.
UK inflation drops to 0.3 per cent as clothes and food prices sink December 16, 2020 The UK’s inflation rate fell sharply to 0.3 per cent as food and clothes prices eased during England’s month-long lockdown, according to the latest official figures. The headline CPI rate sank from 0.7 per cent in October to 0.3 per cent in November, data from the Office for National Statistics (ONS) showed. Clothes and footwear [...]
Reform business rates to keep food prices low, retail sector warns October 31, 2023 The rate at which food prices are increasing sank to its lowest level since last summer this month, as sector heads make fresh calls to the government to slash business rates to ensure the deceleration continues. According to the latest reading from the British Retail Consortium (BRC) food inflation came in at 8.8 per cent [...]
UK economy off to ‘promising start’ in 2024 but firms reveal impact of Red Sea crisis January 24, 2024 The survey measures business activity in the private sector. Anything above 50 indicates business activity is expanding.
Scottish affordable house builder Springfield Properties latest to feel the pain of property slowdown February 20, 2024 A Scottish house building company is one of the latest to be financially bruised by last year’s slowdown in property sales.