UK wages continue to surge as Bank of England set to decide on interest rates December 17, 2024 UK unemployment remained steady over the last three months as wage growth surged over the quarter to October. Unemployment was unchanged at 4.3 per cent for the second straight month during October, data from the Office for National Statistics revealed. The number of people claiming jobless benefits climbed by just 300 in November, beating the [...]
UK companies cut jobs at fastest rate in nearly 4 years December 16, 2024 The private sector cut jobs at the fastest rate for nearly 4 years in December as firms respond to new tax rules announced in the Budget. The latest S&P Global Flash UK Purchasing Managers’ Index (PMI) found that while the headline figure for business confidence was unchanged from November, thanks to a marginal increase in [...]
Bank of England set to hold interest rates after inflation jump December 16, 2024 The Bank of England is poised to leave interest rates on hold this week after inflation rose more than expected.
UK inflation expected to rise again in fresh blow to Labour December 16, 2024 Official data this week is expected to show inflation moved further away from the Bank of England's two per cent target in November, dealing another blow to the government after a contraction in GDP.
No Christmas cheer for employers as 2024 draws to a close December 9, 2024 There are plenty of reasons to be cheerful at this time of year, but the state of the economy isn’t one of them. As Christmas trees go up and celebrations get underway, there are worrying signs that large parts of corporate Britain are preparing to end the year in a state of nervousness and pessimism. [...]
Starmer pledges to deliver ‘higher living standards’ in milestones speech December 5, 2024 Sir Keir Starmer has pledged to deliver “higher living standards” across the UK by the end of this parliament – but did not put a figure on his target. The Prime Minister aimed to flesh out his pre-election promise to kickstart economic growth, as he set out a set of new “milestones” in a major [...]
Firms set to hike prices, reduce pay and cut staff, Bank of England survey shows December 5, 2024 More than half of firms surveyed by the Bank of England expect to raise prices in response to the Budget.
Slump in housebuilding casts doubt on government’s new homes pledge December 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said housebuilding was suffering from a "sustained downturn".
Bank of England: Andrew Bailey names ‘biggest issue’ after Budget tax hikes December 4, 2024 "How companies balance the mixture of prices, wages, the level of employment, what is taken on margin, is an important judgement for us," he said.
Bank of England warns on threat of global trade barriers November 29, 2024 Rising global trade barriers threaten to drag on global economic growth and unsettle the stability of the UK’s financial system, the Bank of England has warned today. In its half-yearly financial stability report, the central bank said the financial system could be hit by disruption to cross-border capital flows and a reduced ability to diversify [...]