Bank of England and Fed to cut interest rates despite fiscal fears November 6, 2024 The Bank held rates at its last meeting in September, but signalled that further cuts were on the way if there continued to be progress on inflation.
Why the Budget complicates life for the Bank of England November 5, 2024 Just when it seemed that inflation was finally coming under control, the government has announced a big increase in public spending.
Bank of England set to lower interest rates as Budget dampens bets for 2025 November 3, 2024 The Bank of England is expected to lower interest rates this week, while markets are betting on fewer cuts next year after forecasts suggested the new government's first Budget will push up inflation.
Scrapping non-dom regime branded ‘monumentally stupid’ by tax advisors November 1, 2024 Several leading tax and wealth advisors have told City AM that scrapping the non-dom regime without a suitable replacement is a “monumentally stupid decision” that has already prompted some non-doms to leave. One of the key measures introduced in Wednesday’s budget was abolishing the non-dom status, a regime that allowed certain tax breaks for people [...]
Housing market continues to strengthen as mortgage rates fall October 29, 2024 New figures from the Bank of England showed that 65,600 new mortgages were approved in September, the highest figure since August 2022.
Shop prices fall further in October despite fashion recovery October 29, 2024 According to the British Retail Consortium (BRC), shop prices fell 0.8 per cent in the year-to-October.
On housing, the government’s numbers just don’t add up October 29, 2024 Developers can only build at the rate they can sell, and this is intrinsically linked to mortgage financing. Long-term, fixed-rate mortgages above the 4.5 times income threshold can be part of the solution, says Arjan Verbeek The United Kingdom’s housing market is at a critical juncture. The government has pledged to deliver 300,000 new homes [...]
Digital pound: Bank of England supports Britcoin to boost innovation October 27, 2024 Speaking at 39th Annual International Banking Seminar in Washington, Andrew Bailey said that there was a "strong need" to modernise payments practices in areas like cross-border transfers.
Consumers ‘despondent’ ahead of tax-hiking autumn Budget October 25, 2024 Neil Bellamy, consumer insights director at GfK, placed the blame for the decrease squarely on the Budget.
Andrew Bailey: Inflation has fallen ‘faster than expected’ October 24, 2024 Andrew Bailey, Governor of the Bank of England, said inflation has fallen “faster than we expected” but still warned that more progress would be needed on services inflation. Speaking at a meeting of Institute of International Finance in Washington, Bailey said central banks around the world were seeing a “good story” on inflation. “Disinflation — [...]