China’s GDP growth in third quarter shows economic recovery gaining traction October 18, 2023 Rapidly weakening growth in the world's second-biggest economy since the second quarter prompted authorities to step up their support steps.
Steady inflation should not set alarm bells ringing at the Bank of England — yet October 18, 2023 After the excitement of August's surprise drop in inflation, September's figures cannot help but feel a bit disappointing.
Inflation remains stuck at 6.7 per cent due to rising fuel prices as Bank of England’s battle continues October 18, 2023 The data will do little to reassure the Bank of England that its task to tackle inflation is over.
Global satellites soon to contribute more than £370bn to UK economy October 18, 2023 The UK Space Agency has launched an 18-month programme to help more businesses unlock the benefits of satellite data and services.
Rate of pay rises expected to slow over coming year as inflation eases October 18, 2023 The rate of pay rises is expected to slow over the coming year as easing inflation means employees face less pressure to secure higher pay packages.
All eyes on inflation for hints about future interest rate path, after wage growth eases October 17, 2023 "With today's release, we have now had three consecutive prints showing a clear deceleration in sequential wage pressures, although these pressures remain elevated," Ibrahim Quadri, an analyst at Goldman Sachs said.
Wage growth ‘past its peak’ in boost for Bank of England’s attempts to contain inflation October 17, 2023 The rate of pay rises slowed from record levels in a boost for the Bank of England, but remained at elevated levels, official figures show. According to figures from the Office for National Statistics (ONS), average wage growth excluding bonuses was 7.8 per cent between June and August, down slightly from last month and in [...]
Higher debt interest payments means government will have ‘no room’ for tax cuts, IFS says October 17, 2023 The government will have "no room" for tax cuts as rising interest payments and slowing growth puts politicians in an increasingly tight fiscal space, the Institute for Fiscal Studies (IFS) has said.
Bank of England’s Huw Pill: Interest rates must remain high to tackle ‘persistent’ inflation October 16, 2023 Markets doubt whether a further rate hike will be necessary, but Pill reiterated that the Bank "still has some work to do in order to get back to two per cent".
House prices: October bump the worst since the height of the financial crisis October 16, 2023 House price behaviour is back where it was in the height of the financial crisis, with the "key selling season" of October failing to give prices liftoff.