Government borrowing jumps as threat of tax hikes grows September 20, 2024 The figures come just over a month before Rachel Reeves delivers her first Budget as Chancellor.
Consumer confidence sinks as Brits ‘nervously await’ Budget September 20, 2024 Key future indicators of consumer confidence all sharply fell in September as Brits nervously awaited policy announcements in the Autumn Budget, according to fresh data. GfK’s long-running consumer confidence index fell sharply to -20 in September overall, with all measures – including personal finances, economy and purchase intentions – down month-on-month. “Headline consumer confidence has… [...]
Engineer exodus to Saudi is damaging major UK infrastructure projects, HS2 contractor warns September 19, 2024 Egis Group chief Laurent Germain said the number of engineers leaving was creating "a lot of tension" during the recruitment process.
Hawkish Bank of England? Don’t be so sure. September 19, 2024 "The economy has been evolving broadly as we expected," Bailey said. "If that continues, we should be able to reduce rates gradually over time".
Post-Brexit regulation caused ‘three lost years’ of infrastructure investing September 19, 2024 The outdated post-Brexit regulation around investment trust cost disclosure set the UK back by three years on infrastructure, asset manager Abrdn has revealed. Cost disclosure rules, which required investment trusts to ‘double dip’ their fee reporting, have finally been lifted by the government and the Financial Conduct Authority today, leaving the trust industry overjoyed. “What’s [...]
Babcock hails ‘encouraging’ trading fuelled by nuclear boost September 19, 2024 "Our expectations for the full year are unchanged and we continue to progress toward our medium-term guidance," Babcock said.
Mark Kleinman: Black comeback would be a tall Telegraph tale September 19, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. This week he tackles splashy Telegraph stories, Legal & General’s spring cleaning and the tax hike fears Black comeback would be a tall Telegraph tale Hold the front page: do comebacks arrive any [...]
“Older and poorer” – the UK’s future? September 19, 2024 The Health Secretary, Wes Streeting, said last week that the UK risks becoming “a country with an NHS attached.” Coming from a Labour MP this constitutes admirable candour. The problem is, we’re long past that point already. The NHS is by far the biggest employer in the country (over two million people) with a budget [...]
John Lewis resurrects ‘never knowingly undersold’ tagline to public acclaim September 19, 2024 Yougov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business. After dropping its “Never Knowingly Undersold” pledge in February 2022 on thegrounds that it lacked “relevance” amid competition from Amazon and other e-commerce retailers, John Lewis announced that it was bringing the slogan back on 5September. There may be [...]
Is the party for fashion rental over? September 19, 2024 Fashion rental was once touted as the industry's next big thing, but has the lustre faded, asks Anna Moloney.