Economic growth to pick up but deep structural issues remain, CBI says June 7, 2024 New forecasts from the Confederation of British Industry (CBI) shows that GDP is expected to grow one per cent in 2024 before rising to 1.9 per cent next year.
ECB cuts interest rates by 25 basis points but warns on ‘elevated’ inflation June 6, 2024 A number of smaller central banks have already started cutting interest rates, including the Swiss, the Swedish and the Canadian.
More good news for the Bank of England as firms expect wage and price pressures to ease June 6, 2024 Yet another survey shows that the Bank of England's interest rate hikes are slowly squeezing inflationary pressures out of the economy.
Recovery in construction sector continues as activity builds to two-year high June 6, 2024 An upturn in commercial property helped push construction activity to its highest level in two years, a new survey shows.
ECB to cut interest rates but path beyond June ‘still open’ June 6, 2024 "The rationale behind the cut will be to very gradually reduce the level of monetary policy restrictiveness without ending restrictiveness," Carsten Brzeski, ING's global head of macro said.
R&D investment must be key priority for next government, audit body urges June 6, 2024 In a manifesto released today, the Institute of Chartered Accountants of England and Wales (ICAEW) called on the next government to get R&D investment above three per cent of GDP.
FTSE 100 today: UK stocks set to open higher as rate cut odds strengthen; ECB in focus June 6, 2024 Asian markets mirrored Wall Street's surge. All eyes are on the ECB's likely rate cut and Christine Lagarde's press conference.
Interest rate cuts edge closer after ‘very encouraging’ inflation news June 5, 2024 Following today’s release, Rob Wood, chief UK economist at Pantheon Macroeconomics, said April’s worryingly high inflation figures were a “flash in the pan”.
How poor regulation is holding back the UK economy June 5, 2024 Regulation is a pressing concern, both for businesses and consumers. Getting it right could help unleash growth and deliver better outcomes for consumers.
FTSE 100 today: London markets primed to open higher as rate cut odds strengthen June 5, 2024 Asian markets surged on rate cut expectations, while Australia's Q1 growth slowed. Eyes on global services PMI releases and Computacenter.