‘Recession may have begun’: UK economy craters 0.5 per cent in July September 13, 2023 Data from the Office for National Statistics (ONS) showed that the economy contracted 0.5 per cent in July. Economists had predicted a smaller fall of 0.2 per cent.
‘Real risk’ inflation could become embedded, Bank of England’s new deputy governor warns September 12, 2023 Speaking to MPs, Breeden said "the challenge right now is that wages are high and rising and there is a real risk that the second-round effects mean that this inflation becomes embedded."
Brits face mortgage crisis as number in arrears climbs to highest this decade September 12, 2023 New arrears cases accounted for 16 per cent of total outstanding balances, which was roughly constant to the previous quarter.
FTSE 100 close: London up as markets digest unemployment, wages and pensions data September 12, 2023 London's FTSE 100 started Tuesday morning up, as markets digest fresh figures on unemployment and wage growth, pensions and grocery inflation
Why rising wages will concern the Bank of England September 12, 2023 With inflation coming down to 6.8 per cent in July, this means that households are seeing a boost in real income for the first time in nearly a year. But the Bank of England will be nervous.
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.
DX delivery group gets £293m bid from US private equity firm HIG September 11, 2023 Delivery company DX Group said on Monday that it has been courted with an approximately £293m offer from a US private equity giant.
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?