Bank of England’s Lombardelli supports ‘gradual’ interest rate cuts November 25, 2024 In her first speech as one of the Bank's deputy governors, Lombardelli said she supported a "gradual removal" of monetary policy restriction.
Labour’s Budget will ‘hit growth’, CBI boss warns November 25, 2024 In a speech set to be delivered at the CBI's annual conference later today, Newton-Smith will warn about the impact of the Budget on businesses.
Jobs market gets Christmas boost from seasonal hiring November 25, 2024 In October, there were 0.64 per cent more vacancies than there were six months ago, the first time the six-monthly reading has been positive in 2024.
AJ Bell: Inheritance tax changes risk ‘fundamentally undermining’ pensions system November 24, 2024 AJ Bell's boss said the changes were “arguably the most complex and costly way of raising tax from unused pensions on death”.
Eurozone inflation to take centre stage as growth worries resurface November 24, 2024 Economists expect the headline rate will climb to 2.3 per cent in November, up from 2.0 per cent in October.
MPs flag ‘major concerns’ over errors in labour survey November 21, 2024 An influential group of MPs has taken aim at the UK’s national numbers body today amid fears that errors in its labour survey are hamstringing “accurate” economic policy making. The chair of the Treasury Select Committee, Meg Hillier – a Labour MP – wrote to the boss of the UK Statistics Authority, Professor Sir Ian [...]
Surge in government borrowing raises threat of more Reeves tax hikes, economists warn November 21, 2024 A sharp rise in government borrowing costs fuelled by pay rises for public sector workers and rising debt payments has raised the threat of future tax hikes, according to economists. Borrowing rose to £17.4bn last month, marking the second highest October figure since monthly records began, according to official figures. The Office for National Statistics [...]
HMRC pays out nearly £1m in tax fraud tip-offs November 20, 2024 The tax agency HMRC has nearly doubled the amount paid out to those making tip offs, the highest figure of at least the past seven years
Inflation surprise scuppers hope of Christmas interest rate cut November 20, 2024 A bigger than expected rise in inflation last month has all but scuppered hopes of a cut to interest rates by the Bank of England in December. While economists had been expecting rising energy prices to push inflation beyond the Bank of England’s two per cent target last month, a sharper than expected lift in [...]
Surging housing costs push inflation back above Bank of England target November 20, 2024 Inflation has risen back above the Bank of England’s two per cent target, the latest data has shown today. According to the latest figures from the Office for National Statistics (ONS) consumer price inflation (CPI) hit 2.3 per cent in October. The figure came in above economists projections. Economists had forecast CPI to come in [...]