Bank of England cuts interest rates for first time since March 2020 August 1, 2024 The Bank of England's interest rate decision was eagerly anticipated by investors.
Nobody could have known how bad the economy was, but we will fix it July 30, 2024 City A.M. readers deserve a government that offers a realistic plan to seize growth, support the City to flourish and make every part of the country better off, says Tulip Siddiq We were elected on a mandate to deliver change. That means being honest with the public about the scale of the challenge in front [...]
Mortgage market treads water before of Bank of England interest rate decision July 29, 2024 Bank of England data showed that the number of mortgage approvals, which indicate future borrowing, remained broadly steady in June at just under 60,000.
Fiscal prudence? The iron chancellor doth protest too much July 24, 2024 Rachel Reeves’ decision to expand the powers of the OBR suggests apprehension, not confidence, writes Tim Focas. Rachel Reeves has promised to be an “iron chancellor” embodying fiscal constraint and discipline. Yet, her first legislative move to enhance the powers of the Office for Budget Responsibility (OBR) raises questions about her own confidence in living [...]
King’s Speech: Labour to legislate OBR fiscal lock to boost ‘market credibility’ July 17, 2024 Labour will legislate for a fiscal lock to require the OBR to provide an independent assessment of any major tax and spending plans.
OBR, workers rights and planning: What to watch out for in the King’s Speech? July 16, 2024 Labour will set out their programme for government on Wednesday, when King Charles will deliver the King’s Speech as part of the state opening of Parliament.
Election 2024: Liz Truss loses seat to Labour as mammoth majority evaporates July 5, 2024 Liz Truss has lost her Nofolk seat to Labour after voters revolted against the former Prime Minister following her disastrous spell in office.
Election 2024: When will the next Budget be? July 3, 2024 City A.M.’s guide to when the next Budget is likely to come and what it might look like.
Labour’s plan for growth has a renewed partnership with business at its heart July 3, 2024 The shadow city minister says Labour recognises that our financial services industry, both in London and across the country, is one of Britain’s greatest assets and will be key to returning the country to growth Tomorrow the British people will go to the polls, faced with a clear choice. Five more years of low growth, [...]
How the seven Conservative Chancellors since 2010 will be remembered July 2, 2024 City A.M.’s guide to each of the seven Tory chancellors since 2010 and how their policies will be remembered by political history.