Don’t lose faith on UK interest rate cuts just yet January 14, 2025 What should we make of the outlook for inflation ahead of Wednesday's figures?
Bank of England’s Breeden backs ‘gradual’ interest rate cuts January 9, 2025 A Bank of England rate-setter said she expects to back “gradual” interest rate cuts this year due to continued uncertainties about the economic outlook. Speaking in Edinburgh, Sarah Breeden said inflation had come down faster than expected throughout 2024, which will enable the Bank to continue lowering borrowing costs. “The recent evidence further supports the [...]
Liz Truss sends cease and desist letter to Starmer over economy crash claims January 9, 2025 Liz Truss has sent a cease and desist letter to Keir Starmer demanding he stops claiming she crashed the economy. Lawyers acting on behalf of the former Prime Minister wrote that the statement is “false and defamatory”, in a letter to Starmer in which they threatened to pursue legal action if he keeps making the [...]
De La Rue: Bank of England supplier’s stock surges on takeover offer January 9, 2025 Bank of England supplier De La Rue has received a £246m takeover offer, according to reports, sending its stock price surging more than 12 per cent. The banknote printer has been offered 125p a share in a conditional offer, roughly 25 per cent higher than its stock price before the news, by companies founded by [...]
Bond tumult prompts comparisons with Britain’s 1970s debt crisis January 9, 2025 The turmoil engulfing the UK gilt market has shades of the country’s debt crisis in the 1970s which culminated in the then Labour government needing a bailout from the IMF, according to multiple financial heavyweights. Nigel Green, chief executive of of the the world’s largest independent advisory businesses, called the market bedlam, which has seen [...]
Price hikes are coming as firms battle Reeves tax raid, Bank of England survey suggests January 9, 2025 The Bank's latest decision maker panel, which surveys finance chiefs around the country, showed that firms' inflation expectations picked up in December.
Pound sterling continues to sink as UK economy ‘clearly on very shaky ground’ January 9, 2025 Pound sterling has continued to sell off this morning, and UK government bond yields have ticked higher as UK risk assets remain under pressure. The pound fell below $1.23 against the dollar in early trade and is currently down 0.7 per cent against the dollar and 0.6 per cent against the euro. Meanwhile, the domestically [...]
Give parliament a vote on quantitative easing January 9, 2025 QE should not be the preserve of bean-counting central bankers – money printing is not an abstract issue, it has real consequences for people’s ordinary lives, says Sam Bidwell If one thing characterises British politics in the post-Thatcher era, it is a serial addiction to avoiding questions about the structure of our economy. On the [...]
Investors ‘are losing confidence’ in the UK economy January 8, 2025 The yield on the benchmark 10-year gilt, which reflects the cost of borrowing, hit 4.78 per cent on Wednesday afternoon, a post-financial crisis high.
Budget will force majority of firms to hike prices, survey suggests January 8, 2025 A majority of businesses will lift prices in the next six months due to the government's national insurance hike, a new survey suggests.