Five graphs the Bank of England will assess before interest rate decision January 30, 2025 The Bank of England's first interest rate decision of 2025 will take place next week, and investors widely expect rate-setters to reduce borrowing costs for a third time.
UK mortgage approvals rise as buyers race to beat stamp duty changes January 30, 2025 The number of mortgages approved by the UK banking sector rose unexpectedly in December, according to new data, suggesting buyers are looking to beat upcoming changes to stamp duty. The Bank of England’s figures showed that 66,500 mortgages were approved last month, which was up from 66,100 approvals in November. Economists had expected the number [...]
Chancellor Rachel Reeves’ fiscal rules on a ‘knife edge’ January 30, 2025 The Resolution Foundation warned that Rachel Reeves may be forced to find some extra cash through tax increases or spending cuts, or else face "market jitters".
Fed holds interest rates despite pressure from Donald Trump January 29, 2025 The pause comes after three consecutive interest rate cuts and means the federal funds rate stands in a range of 4.25-4.5 per cent.
Andrew Bailey: ‘No trade-off’ between financial stability and growth January 29, 2025 Andrew Bailey, Governor of the Bank of England, was giving evidence in the Treasury Select Committee.
Chancellor’s growth plans will create a ‘dynamic economy’ – if they materialise January 29, 2025 The Chancellor's plans to kickstart economic growth will help to create a more "dynamic economy", experts said - if they become a reality.
Immigration to lift population by 5m and boost the economy January 28, 2025 Based on current trends, the Office for National Statistics (ONS) suggests the population will hit 72.5m by mid-2032, over seven per cent higher than in 2022.
UK economy: Wage growth was twice as high in Britain compared to the US January 28, 2025 The figures will reinforce concerns that high wage growth might prop up inflationary pressures in the economy in 2025.
Pound sterling falls on latest Trump tariff threats January 28, 2025 The movement in currency markets came after the latest comments from the President on his tariff plans.
Prime Minister Keir Starmer claims the UK economy is ‘turning around’ January 28, 2025 Prime Minister Keir Starmer said the UK economy is “turning around” as the government attempts to turn the page on a bruising first six months in power. “The number one priority of this Labour government is growth: growth, growth, growth,” Starmer said in an interview with Bloomberg TV. “We have to get our economy working. [...]