Insolvencies will keep rising for ‘foreseeable future’ under burden of Bank’s high interest rates October 13, 2023 Insolvencies climbed 17 per cent on last year in September as companies struggled under the burden of the Bank of England's interest rate hikes.
Recruiters’ results reflect fears for jobs market October 12, 2023 Uncertainty about the economy continues to rock the jobs market as three FTSE 250-listed recruiters reported reduced fees and earnings this week. Hays gave an update today on its first quarter that ended on 30 September, showing a decline in net fees of 11 per cent in the UK, against a 7 per cent fall [...]
Pound slumps as US inflation remains stuck at 3.7 per cent in September October 12, 2023 Sterling slumped after US inflation came in slightly ahead of expectations.
Recession, rates and growth: Three things today’s GDP figures tell us about the health of the UK economy October 12, 2023 Although the UK economy returned to growth in August, a recession may still be on the cards.
GDP: Strong services sector sees UK economy return to growth in August October 12, 2023 The UK economy matched expectations in August, with GDP edging up 0.2 per cent
MPs: IMF must not ignore our questions about UK growth forecasts October 12, 2023 MPs are continuing their call for the officials from the International Monetary Fund (IMF) to be scrutinised following forecasts which show that the UK will be the worst performing major economy.
Interest rates: Wholesale inflation in US rises ahead of crucial consumer price data tomorrow October 11, 2023 US wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year-and-a-half of higher interest rates.
‘Uncertain’ economy gives another recruitment firm a balance sheet bruise October 11, 2023 Inflation and uncertainty over the economy has left another recruiter licking its wounds in the third quarter
What we know – and don’t know – about Rachel Reeves’ spending and investment plans October 11, 2023 Rachel Reeves' speech at the Labour conference yesterday had one driving thread: boost investment.
Firms reluctant to recruit permanent staff, research suggests October 11, 2023 Uncertainty over the economic outlook as well as rising costs are continuing to affect staff recruitment, new research suggests.