Bank of England flags danger of ‘sharp correction’ in asset prices as global markets reach record highs March 27, 2024 Global markets have put too much weight on the good news in recent months and are now at risk of a “sharp correction,” the Bank of England warned today.
AI could add £144bn to GDP over next five years but millions of jobs at risk, think tank says March 27, 2024 "History show that technological transition can be a boon if well managed, or can end in disruption if left to unfold without controls," Carsten Jung, senior economist at IPPR, said.
Step out of ‘Brexit’s long shadow’ and improve EU trade terms to boost UK economy March 27, 2024 “This is about much more than Brexit," Martha Lane Fox, president of the BCC and Chair of the Business Council, said. "But Brexit casts a long shadow".
London business confidence ‘booming’ as lower inflation fuels hopes of a recovery March 27, 2024 London business confidence soared in March as the UK's ongoing economic recovery lifted spirits in the capital, according to a closely watched survey.
FTSE 100 today: London markets brace for flat open as global rally takes breather March 27, 2024 Asian markets followed Wall Street's dip, oil prices fell, and Donald Trump's media firm made a strong debut. Investors are now focused on the imminent release of US PCE inflation data for further cues.
Bank of England’s Mann: Markets are pricing in ‘too many’ interest rate cuts this year March 26, 2024 Mann has long been one of the most hawkish members on the MPC, persistently warning about the dangers of stubborn inflation.
Public sector pay needs to increase to hold on to top talent, says think tank March 26, 2024 Research from the Institute for Fiscal Studies (IFS), shows that public sector pay at the 75th percentile - for those earning more than three-quarters of public sector workers - is now eight per cent lower in real terms than in 2007.
FTSE 100 today: London markets set for muted start amid thin data calendar in holiday week March 26, 2024 Asian stocks soared, with South Korea leading the charge, while both gold and oil prices remained largely steady, and Bitcoin hovered around $70,000. Now, all eyes are on the US PCE inflation data for crucial insights into economic trends.
Bank of England to cut interest rates to three per cent in 2025 after inflation drops March 25, 2024 Interest rates could fall to as low as three per cent in 2025 as the Bank of England slashes the cost of borrowing in response to lower inflation.
Labour to boost female businesses after ‘wasted decade’ of Tory neglect March 25, 2024 Labour MP Anneliese Dodds will today outline British Business Bank reforms to help women.