FTSE 100 close: London markets rise after inflation surprise raises prospect of rates being left on hold September 20, 2023 The FTSE 100 climbed 0.6 per cent to trade at 7,705.34 while the FTSE 250 rose 1.2 per cent to hit 18,655.75.
Liz Truss: Bank of England mandate should be reviewed after inflation failures September 18, 2023 Former Prime Minister Liz Truss reiterated her claim that the Bank of England should have its mandated reviewed due to its failures to get a grip on inflation.
Interest rates: Three things the Bank will consider for the next rate decision September 18, 2023 The Bank of England's rate-setters will meet next week and they will have no shortage of topics to discuss.
More than 9.6m current accounts switched since service launched a decade ago September 16, 2023 A service which enables current account holders to ditch and switch to a new provider quickly and smoothly is celebrating its 10th birthday. More than 9.6m switches have been counted since the Current Account Switch Service (Cass) launched on September 16, 2013. The free-to-use service can be used by people, small businesses and small charities [...]
‘Real risk’ inflation could become embedded, Bank of England’s new deputy governor warns September 12, 2023 Speaking to MPs, Breeden said "the challenge right now is that wages are high and rising and there is a real risk that the second-round effects mean that this inflation becomes embedded."
Brits face mortgage crisis as number in arrears climbs to highest this decade September 12, 2023 New arrears cases accounted for 16 per cent of total outstanding balances, which was roughly constant to the previous quarter.
Bank of England’s Mann signals support for interest rate hike after warning on ‘inflation persistence’ September 11, 2023 Speaking at the Canadian Association for Business Economics, Mann said "the risk of tightening too little is more salient" than tightening too much.
Jeremy Hunt: No tax cuts on the cards before next general election September 11, 2023 Jeremy Hunt has hinted that tax cuts are unlikely to be on offer before the next general election after warning that inflation had proved “stickier than was forecast”. The Chancellor told Bloomberg that he did not expect to have more fiscal headroom at the Autumn Statement — compared with the spring Budget — and “debt [...]
Inflation: Firms expect to hike prices at slowest rate since November 2021 September 7, 2023 Firms are expecting price and wage growth to ease over the coming months, giving rate-setters a boost in their fight against inflation.
Interest rates nearing peak as inflation set for ‘quite marked’ fall this year, Bailey says September 6, 2023 The Bank of England is nearing the end of its monetary tightening cycle, the Bank's governor suggested today, adding that there will be a "quite marked" fall in inflation by the end of the year.