Bank of England governor Andrew Bailey predicts drop in inflation allaying recession fears October 20, 2023 UK inflation is set to drop markedly for October amid continued efforts to tackle the higher cost of living, the governor of the Bank of England has said. Andrew Bailey indicated inflation will return to its recent pattern of slowdowns after the Office for National Statistics (ONS) recorded a surprise pause last month, leaving inflation [...]
Tax receipts: Five things we’ve learnt from today’s data October 20, 2023 Total HMRC receipts for April to September came in at £392.5bn, up £23.1bn from the same period last year.
FTSE 100 live: London ends week deep in the red on back of Israel-Gaza war, borrowing and retail figures October 20, 2023 London’s FTSE 100 ended the week deep in the red following disappointing retail figures and falling but still very high, public borrowing stats. The capital’s premier bluechip index was 1.31 per cent down by the close, at 7,401.30, while the FTSE 250, which is more aligned with the domestic market, dropped to 0.9 per cent, [...]
Inflation fall puts a gloss on £14bn-worth of public borrowing in September October 20, 2023 UK public sector borrowing fell in September compared to last year, aided by healthier tax receipts, according to the latest government figures.
China’s Country Garden bondholders seek talks after missed bond payments October 19, 2023 Country Garden bondholders are seeking urgent talks with the troubled property developer after it missed a $15m
Resolution Foundation: Bank of England needs more firepower to fight downturns October 19, 2023 With debt rapidly rising, the think tank warned that the UK would quickly face an unsustainable debt burden without a fundamental reset of fiscal and monetary policy.
Disinterest in trade jobs could see UK miss out on £98bn of growth, B&Q boss warns October 19, 2023 B&Q's owner stressed the importance of training up people in trade roles such as plumbing and electrics to address the shortfall.
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.