Week in Business: Why a UK-US trade deal won’t save the British economy April 24, 2025 The Chancellor's emergency mercy mission to the US could pay off, but it won't be enough to reverse the damage she's already done to the UK economy.
Reeves’ tax rise to push up inflation, BoE’s Megan Greene warns April 22, 2025 Rachel Reeves’ national insurance tax rise will push up inflation and lead to a “shake-up” of the labour market, Bank of England rate-setter Megan Greene has warned. In an interview with Bloomberg Television, Greene said she was particularly concerned about “weakness in output” for the best part of a year as she suggested Reeves’ tax [...]
Trump’s tariffs to tip world over into ‘recessionary phase’ April 16, 2025 A locking of horns between the US and China over tariffs could tip the world economy into recession as soon as this year, a closely-watched forecast has suggested, as businesses wrestle with the fallout of declining global trade volumes. Global growth is set to slow to 2.3 per cent this year, according to projections by [...]
FCA to rip 140 pages out of handbook in deregulation drive April 16, 2025 The UK’s financial watchdog has vowed to rip scores of pages from its handbook as it slashes red tape in a drive to boost growth. The Financial Conduct Authority (FCA) said as many as 140 pages will be removed from the lengthy handbook, as it opened a consultation on scrapping data collection requirements. The move [...]
Inflation eases in March amid looming Bank decision April 16, 2025 Inflation remained stubbornly high at 2.6 per cent in March, official data has shown, leaving Bank of England policymakers with a difficult decision to make on interest rates early next month. The year-on-year increase in consumer price inflation (CPI) was lower than the 2.7 per cent figure forecast in a Bloomberg poll of economists. The [...]
Firms scramble to ‘protect bottom line’ amid low growth April 16, 2025 Firms across the UK are putting in “hard work” to limit cost pressures and maintain profits amid low growth, one of the country’s biggest banks has said. Chancellor Rachel Reeves’s aggressive tax hikes at her last Autumn Budget have piled higher employment costs on businesses large and small, threatening to kill off some companies by [...]
Inflation expected to ease slightly in March amid uncertain future April 15, 2025 Inflation in the month to March is expected to remain well above the Bank of England’s target rate of two per cent, putting policymakers in an awkward position ahead of a potential interest rate cut in May. A Bloomberg poll of economists said that consumer price inflation (CPI) on a year-on-year basis will hit 2.7 [...]
Trump, tariffs and GDP: How do you forecast uncertainty? April 12, 2025 The Office for Budget Responsibility (OBR), one of the UK’s central forecasters, prepared itself for President Trump’s tariff war – or at least partially. At a presentation after Chancellor Reeves’ Spring Statement, OBR chair Richard Hughes admitted the fiscal watchdog’s central forecast risked being completely undermined by global events. Hughes came up with three possible [...]
Bank of England should be ‘more careful’ about rate cuts, say deputy governor April 10, 2025 A Bank of England rate-setter has said that policymakers need to be “more careful” about cutting rates after years of high inflation, adding that it was “too soon to say” whether President Trump’s tariffs will weigh on price growth in the UK. Sarah Breeden became the second official since Trump’s Rose Garden speech to take [...]
Stats body aims to publish key jobs data in late 2026 April 10, 2025 The UK’s official statistics body has set a target of November 2026 for the reform of its flagship Labour Force Survey (LFS), which monitors the UK jobs market. The Office for National Statistics (ONS) has been dogged by several troubles in data gathering, prompting criticism from the Bank of England as well as an intervention [...]