UK economy: After a busy week, the foundations look solid September 20, 2024 With inflation low and further rate cuts to come the UK economy remains on relatively solid foundations.
Bank of England’s Mann warns of ’embedded’ UK inflation risk after decision to hold September 20, 2024 "Structural behaviours in UK labour and product markets appear to have systematically embedded inflation," she said in a speech in Lithuania.
‘No doubt’ of inheritance tax reform as government books a record haul from the levy September 20, 2024 New figures from HMRC showed inheritance tax receipts hit £3.5bn between April and August, £300m higher than the same period last year.
Government borrowing jumps as threat of tax hikes grows September 20, 2024 The figures come just over a month before Rachel Reeves delivers her first Budget as Chancellor.
Hawkish Bank of England? Don’t be so sure. September 19, 2024 "The economy has been evolving broadly as we expected," Bailey said. "If that continues, we should be able to reduce rates gradually over time".
Bank of England holds interest rates but Andrew Bailey flags further cuts September 19, 2024 The Bank's decision comes after the Fed reduced interest rates by 50 basis points last night, the first cut since the pandemic.
FTSE 100 remains in the green after Bank of England holds rates September 19, 2024 Traders had been concerned that the Fed had waited too long to cut interest rates, causing unnecessary damage to the US economy.
Starmer urged to build more homes in big cities and forge closer ties with EU to boost growth September 19, 2024 A report from the OBR last week made clear the potential fiscal benefits of generating economic growth.
“Older and poorer” – the UK’s future? September 19, 2024 The Health Secretary, Wes Streeting, said last week that the UK risks becoming “a country with an NHS attached.” Coming from a Labour MP this constitutes admirable candour. The problem is, we’re long past that point already. The NHS is by far the biggest employer in the country (over two million people) with a budget [...]
Fed lowers interest rates by 50 basis points in first cut since 2020 September 18, 2024 Today's rate decision was the most uncertain in years, with investors torn in the run-up to the decision about whether the Fed would cut rates by 25 or 50 basis points.