Pensions: Cost of triple lock to soar by further £2bn as wage growth ticks up September 12, 2023 The 'triple lock' means today's average wage growth figure of 8.5 per cent will be applied to pensions - costing a further £2bn
Unemployment up and wage growth still hot: New figures to spook Bank of England September 12, 2023 Unemployment has crept up whilst wage growth remains hot - creating problems for the Bank of England
China: Economists slash growth forecasts as fears grow for global economy September 12, 2023 China’s economy will grow less than previously thought this year and next as a struggling property market dogs what was once the world’s growth engine, according to a Reuters poll of economists who said the risks were skewed to further downgrades. The world’s second-largest economy has been struggling after a brief post-COVID recovery, dragged by [...]
Bank of England’s Mann signals support for interest rate hike after warning on ‘inflation persistence’ September 11, 2023 Speaking at the Canadian Association for Business Economics, Mann said "the risk of tightening too little is more salient" than tightening too much.
Germany: EU’s largest economy faces ‘big deterioration’ – and risks slipping back into recession September 11, 2023 It was not long ago that Germany was driving growth in the bloc. Now it is being labelled the 'sick man of Europe'. Where did it all go wrong?
Labour market beginning to slow in boost for Bank of England September 11, 2023 The labour market is beginning to slow down as rising interest rates take their toll on hiring activity, new data out today shows.
Recession: Experts divided on whether UK economy will avoid dreaded R word September 11, 2023 The UK economy has avoided a recession so far this year, to the surprise of many analysts, but that does not mean it is out of the woods yet.
ECB tipped for ‘pregnant pause’ as slowing growth ties rate-setters’ hands September 10, 2023 Slowing European growth is likely to lead rate-setters at the European Central Bank (ECB) to leave interest rates on hold, economists expect. When it meets on Thursday of this week, inflation in the eurozone will stand at 5.3 per cent, unchanged from the month before but down from a peak of over 10 per cent [...]
Inflation: Firms expect to hike prices at slowest rate since November 2021 September 7, 2023 Firms are expecting price and wage growth to ease over the coming months, giving rate-setters a boost in their fight against inflation.
UK ahead of EU as bloc likely to ‘slip into recession’ September 7, 2023 The UK grew ever so slightly faster than the EU in the second quarter as falling exports brought growth in the bloc to a near standstill.