Top economists say Labour will have to raise more taxes if it wins election June 24, 2024 The UK's leading economists widely agree that Labour will put up more taxes if it wins the general election on 4 July, a City A.M. poll suggests, as the party comes under pressure to explain how it will fund its plans.
FTSE 100 today: London markets set to extend Friday’s losses, echoing weak global lead June 24, 2024 Asian stocks dip on China-EU trade worries; gold rises on lower Treasury yields. Focus is on US PCE inflation and the US presidential debate.
Week ahead: US inflation data could bolster case for Fed rate cut in September June 23, 2024 The US Federal Reserve's preferred measure of inflation is expected to show its coolest monthly reading since late 2023, offering hope that policymakers could start lowering interest rates in September.
Retail sales blow past expectations in sign UK economy is on the turn June 21, 2024 UK retail sales rebounded last month, according to fresh data, after a rainy April saw a slump in high street spending.
Consumer confidence rises again in June as economic outlook improves June 21, 2024 Consumer confidence picked up again in June, a new survey shows, in a sign that the improving economic outlook is slowly feeding through into household budgets.
FTSE 100 today: Blue-chip index set to break five-week losing streak June 21, 2024 Asian markets declined alongside Wall Street, while gold aimed for a second weekly gain. All eyes are on global PMI data and UK retail sales.
The big unknown that will decide the August interest rate decision June 20, 2024 An August interest rate cut depends on the data. (When does it not...) But there is another big unknown.
Bank of England holds rates but August cut still on the table June 20, 2024 The Bank of England has voted to leave interest rates on hold for a seventh consecutive meeting.
Focus on health to cut ballooning welfare bill, new report argues June 20, 2024 The next government should focus on addressing underlying health conditions rather than embarking on a benefits "clampdown", a new report has argued.
FTSE 100 today: Blue-chip index set for higher open; potential BOE dovish surprise could spark a rally June 20, 2024 Asian stocks paused after a brief rally, while gold climbed to a one-week high. All eyes are now on the Bank of England's policy decision.