London hotel occupancy rates return to pre-Covid levels but services inflation fears fueled August 29, 2024 London hotels enjoyed another strong month in July as occupancy rates finally ticked back up to peak occupancy levels seen in summer 2019, but it’s not all rosy for the industry. London occupancy reached 89.3 per cent, up on 84.6 per cent last year and back to peak occupancy levels seen in July 2019. Despite [...]
Interest rates are coming down – but how low will they go? August 27, 2024 There will be multiple debates over the next few months about how fast and how far interest rates should be cut. But how low will they go? Chris Dorrell asks
Shop prices in deflation for first time in almost three years August 27, 2024 The overall index was pulled down by non-food prices, which fell further into deflation in August.
Jackson Hole highlights: Powell’s cutting rates, Bailey’s lifting weights August 26, 2024 Central bankers from all over the world descended on the small Wyoming town of Jackson Hole last week for a session of ruminating, speculating and pontificating. Here are the four main takeaways from the annual central banking shindig.
Bank of England warned to be wary of public sector pay deals August 23, 2024 "The big risk is that by setting a benchmark for private sector firms, these pay deals prevent wage growth and services inflation from falling much further," Ashley Webb, UK economist at Capital Economics said.
‘Sticky’ hurdle rates contributing to resilient UK business investment August 22, 2024 Research from the Bank shows that firms' use of 'hurdle rates' might be slowing the impact of higher interest rates.
Bank of England: Government names economist Alan Taylor as new rate-setter August 16, 2024 The government has appointed economist and Columbia University professor Alan Taylor to the Bank of England's Monetary Policy Committee (MPC).
UK could be ‘best performing economy’ so far in 2024 after week of data August 16, 2024 It's been a busy week for the Office for National Statistics (ONS), publishing a raft of statistics on the UK economy for traders and Bank of England ratesetters to digest.
UK economy grows 0.6 per cent in second quarter, in line with expectations August 15, 2024 The UK economy grew in line with expectations in the second quarter of 2024, as it continued to bounce back from a shallow recession.
UK inflation comes in below expectations in July August 14, 2024 UK inflation jumped back above the Bank of England’s two per cent target in July, but came in below City estimates for the period. According to figures released this morning by the Office for National Statistics (ONS), prices rose 2.2 per cent in July. Meanwhile, core inflation, or price rises excluding volatile food and energy [...]