Households will still feel the squeeze even if Budget boosts growth February 12, 2025 Poorer households will not see their living standards recover to pre-2022 levels for another two years despite an anticipated acceleration in economic growth, new forecasts suggest. The forecasts highlight the challenges in ensuring households across the country feel the benefit of any growth that the Labour government is able to stimulate. The National Institute for [...]
IFS: UK must intervene to stop ‘ridiculous’ proliferation of small pension pots February 12, 2025 The government should clamp down on the “ridiculous” proliferation of small pension pots, a leading think tank has said. The growing number of these small-scale funds puts up costs for pension providers and makes it more difficult for savers to make sensible decisions, the Institute for Fiscal Studies (IFS) argued. “Further action is needed to [...]
Andrew Bailey: Don’t forget ‘lasting damage’ of financial crisis in push to deregulate February 11, 2025 He stressed his comments were not a "pitch for the necessity and inevitability of more regulation," but insisted that there was no "fundamental trade off" between growth and financial stability.
Bank of England needs to ‘cut through the noise’, rate-setter says February 11, 2025 In a speech delivered in Leeds, Mann explained that the persistence of "embedded inflationary behaviours" had diminished due to growing weakness in the economy.
Investors are not taking the Bank of England seriously February 11, 2025 The Bank is clearly far more nervous about inflation than many in the City.
Discounting helps retail sales post strong rebound in January February 11, 2025 The survey suggested that price cuts managed to entice consumers to the high street, as in-store sales rose at the fastest pace in nearly two years.
GDP figures to pile further pressure on Reeves as recession risks mount February 10, 2025 New figures set to be released on Thursday are expected to show that the UK economy shrunk 0.1 per cent in the three months to December.
Trump tariffs could have ‘devastating blow’ on steel industry February 10, 2025 Speaking from Air Force One last night, Trump said the tariffs would cover "everybody", which will be a major hit to Canada and Mexico, two of the US's largest steel trading partners.
Labour market: Vacancies ‘tumble’ in January ahead of Labour’s tax raid February 10, 2025 Demand for staff fell at its greatest extent since August 2020, a new report from KPMG and the Recruitment and Employment Confederation (REC) said.
City split following Bank of England’s interest rate decision February 7, 2025 Analysts are divided about how far and how fast the Bank of England is likely to cut interest rates in the remainder of this year following yesterday’s decision. Rate-setters backed a third 25 basis point rate reduction, which brought the Bank Rate down to an 18-month low of 4.5 per cent. Every member of the [...]