Housebuilding woes ahead of Budget weigh on construction activity November 6, 2024 Having reached a 29-month high in September, S&P's construction purchasing managers' index (PMI) "slowed considerably" last month.
What Trump’s victory means for UK markets November 6, 2024 Donald Trump and the Republicans have had a stunning victory in the US elections. Now is the time to dissect what it means for the UK. The win for Trump brings the issue of tariffs front and centre. One of Trump’s main campaign pledges was to impose tariffs on imports. China is likely to face [...]
FTSE 100 falls back as traders digest Trump presidency November 6, 2024 The FTSE 100 pared its gains and sterling tumbled on Wednesday as traders digested how Donald Trump's presidency will impact the global economy and the UK.
Wetherspoons boss Tim Martin fires fresh price rise warning following Budget November 6, 2024 The pub giant reported record sales in the most recent quarterm even as cost inflation and tax hikes continue to bite British boozers.
Investment can boost growth – if it comes with technological progress November 6, 2024 Economic theory does regard capital investment as a contributor to economic growth, but there is another essential factor: technical progress, says Paul Ormerod The need to boost the UK’s rate of economic growth was a central theme of the first budget delivered by Rachel Reeves, the Chancellor. Reeves emphasised the importance of increasing the amount [...]
Stamp duty hike: a ‘bitter but manageable pill to swallow’ for UK landlords November 5, 2024 Last week’s Budget announcement raised Stamp Duty Land Tax (SDLT) to five per cent tax, yet household landlords seem unfazed. London-based estate agent Benham and Reeves carried a survey to find out how UK landlords reacted to this hike. Concerns about potential hikes in capital gains tax (CGT) on property investments weighed heavily on landlords [...]
The five economic issues in the US election that could impact the UK November 5, 2024 With the US election only hours away, the UK will be watching and waiting to see if former president Donald Trump or Vice President Kamala Harris is able to take the win. But how could the winner of the US election actually affect the UK economy? 1. Tariffs and trade wars Former president Trump has [...]
Natwest shares hit 13-year high after broker upgrade November 4, 2024 Natwest shares jumped to a 13-year high on Monday after a leading broker upgraded the bank’s price target. Shares in the London-listed bank, formerly known as Royal Bank of Scotland Group (RBS), jumped over three per cent on Monday to just under 390p per share. The discernible jump came after analysts at Peel Hunt upgraded [...]
No10 hits back as Dyson boss slams ‘ignorant’ and ‘spiteful’ Budget November 4, 2024 Sir James Dyson has branded Rachel Reeves’ first Budget “ignorant” and “spiteful” as he accused her of “killing off family businesses, individual aspiration and economic growth”. The British entrepreneur, 77, hit out at the Chancellor following the government’s first fiscal event last week, writing in the Times newspaper that Labour “hates British families”. He cautioned [...]
Data centres: The UK’s economic powerhouse? November 4, 2024 A new report claims that, given the right investment climate and policy support, the UK data centre sector could grow tenfold by 2035. TechUK’s report found that the sector could boost the economy by £44bn while creating over 40,000 jobs. The report also outlined how surging demand for digital services, fuelled by tech trends such as AI, [...]