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      FOMO drives Premier League clubs to new record summer spending of over £3bn

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      FOMO drives Premier League clubs to new record summer spending of over £3bn

      Two male soccer players, one in a red Belgium jersey and one in a white Iran jersey, compete for a ball mid-air.

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Economics

  • Week ahead: US jobs, Berkeley and Ashtead Group

    December 3, 2023

    Markets are bracing for next week's US jobs data and key results from housebuilder Berkeley and the equipment rental giant Ashtead Group.

  • UK ‘turning a corner’ as manufacturing decline slows

    December 1, 2023

    The UK's manufacturing sector appears to have taken a potential turn as November witnessed a slight improvement, beating forecasts.

  • Interest rates to remain ‘higher for longer’ if ‘experimental’ data turns out to be true

    November 30, 2023

    The figures were published by the Office for National Statistics (ONS) last month and are based on the earliest indicators from the Transformed Labour Force Survey, which the ONS hopes to roll out next March.

  • Eurozone inflation slumps raising the prospect of rate cuts

    November 30, 2023

    Core inflation - which strips out volatile components like food and energy - dropped from 4.2 per cent to 3.6 per cent.

  • Bank of England finance panel suggests wage growth won’t budge next year, but inflation will fall

    November 30, 2023

    "Expected output price inflation has been gradually falling over the year," the survey noted.

  • It starts with a plan: COP28 and the transition to a net zero economy

    November 30, 2023

    Political and business leaders, along with scientists and many others, are gathering in Dubai for the COP28 UN climate summit to focus on the urgent need for a rapid transition to a lower-emission world. To ensure that we don’t exacerbate existing social inequalities, we also need to ensure this transition is “just”. In other words, [...]

  • London takes business crown as confidence hits highest since early 2022

    November 30, 2023

    New data from the Lloyds Business Barometer showed that business confidence in London rose nine points to 56 per cent in November.

  • Hunt hits back at claims his tax cuts rest on a ‘fiscal fiction’

    November 30, 2023

    "The way that we fund our public services over the medium is by having a healthy growing economy," Hunt said.

  • ‘Realist’ Bailey says Bank of England is ‘getting sleeves rolled up’ to tackle inflation

    November 29, 2023

    In an interview with the Daily Staffordshire, the Bank's governor said "we are not in a place now where we can discuss cutting interest rates."

  • Household borrowing dips as higher rates ‘percolate’ through UK economy

    November 29, 2023

    Consumer borrowing fell in October in the latest indication that higher interest rates are weighing down on demand in the economy.

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