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
Build, Baby,Build: Yimbys are London’s future June 19, 2024 Despite a few naysayers, all the evidence suggests London is the most likely part of the country to say “yes in my backyard!” The next government must ignore the noisy minority and listen to the voices of progress, says John Myers London is the most Yimby part of the country, with seven of its boroughs [...]
Bank of England interest rate hikes trigger record £2.1 trillion UK wealth collapse, report claims July 17, 2023 The Bank of England has engineered the largest contraction in UK household wealth on record by jacking up interest rates in response to scorching inflation, a new report out today has claimed. Asset values have collapsed by £2.1 trillion since early 2021, mainly driven by a sharp fall in bond prices in response to UK [...]
Bank of England lifts interest rates to fresh 15 year high in smaller than feared 14th straight hike August 3, 2023 The Bank of England today hiked the UK’s official interest rate for the 14th time in a row but by a lower degree than some had feared. Members of the nine-strong monetary policy committee (MPC) voted 6-3 in favour of a 25 basis point rise, smaller than the 50 basis point lift some in the [...]
UK profit warnings hit highest yearly level since 2008, outside of pandemic July 19, 2023 The proportion of UK-listed companies that issued profit warnings in the past year was higher than any year since 2008, outside of the pandemic, according to new analysis. It comes as higher borrowing costs and a tougher sales environment have weighed heavily on businesses. Companies listed on the London Stock Exchange issued 66 profit warnings [...]
Lack of government strategy putting UK decarbonisation goals at risk, NAO warns March 1, 2023 The government lacks a plan for all electricity to be generated through clean energy sources by 2035, warned the National Audit Office.
Ripple Energy unveils record £20m-plus fundraiser for new solar farm August 22, 2023 Ripple Energy has raised over £20m for its new solar farm, the largest amount generated by a co-op for a single green energy project.
Inflation to peak at more than 18 per cent, reckon Citi forecasters August 22, 2022 Inflation is set to surge above levels seen during the oil price shock in the late 1970s in a sign the UK economy is hurtling toward a long slump, new forecasts published today show. The cost of living will climb to 18.6 per cent in January, pushed higher by the energy watchdog hiking the cap [...]
Public ‘expect’ council staff to work full five-day week, Michael Gove says July 4, 2023 Michael Gove has said people “expect” council staff to be working a full five-day week, amid a row over the government telling a local authority to cease a four-day week trial. The levelling up secretary has said he is a “strong believer” in the rule that council employees should be working Monday to Friday. It [...]
Bailey holds the torch for a proud UK tradition – failing our monetary policy June 15, 2023 Andrew Bailey and the economists at the Bank of England are part of a long line of people who have failed Britain’s monetary policy, writes Will Cooling