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 [...]
Hiring falls to 16-month low after Reeves’ ‘tough Budget’, survey shows January 9, 2025 Temporary billings also declined last month, and at a faster pace than typically seen during 2024.
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.
Go further to revive the City of London, voters tell Starmer and Reeves January 8, 2025 Keir Starmer’s government must do more to support the City of London after a bruising year in which fresh IPOs have fallen off a cliff and scores of firms have been picked off by private buyers, a survey of voters has suggested. According to the first of a new monthly City AM/Freshwater Strategy poll, more [...]
Budget employment law changes fuel increased job insecurity January 7, 2025 Around one in seven workers said that they feel insecure about their job at this time, particularly among those with a lower income, according to new polling
Majority of people want inheritance tax cut exclusive poll finds January 7, 2025 Research from Freshwater Strategy showed that 54 per cent of voters think the controversial tax should be set at a lower level.
A ‘painful sequel’ to the Budget may be coming, Deutsche Bank warns January 7, 2025 Businesses should brace for a “painful sequel to the autumn Budget” this year as lacklustre growth raises the threat of further tax hikes from Rachel Reeves, Deutsche Bank has warned. In a note to investors, the investment bank warned that growth was likely to slide below the Office for Budget Responsibility’s (OBR) projections in October [...]
UK long-term borrowing costs hit highest level since 1998 January 7, 2025 The price of long-term government debt jumped to its highest level since 1998 on Tuesday as investors grew nervy about the UK’s economic prospects. The yield on the 30-year gilt, which reflects the price of government borrowing, hit 5.28 per cent on Tuesday in the wake of an gilt auction conducted by the Debt Management [...]
How will the UK economy perform in 2025? January 7, 2025 The economy has shown few signs of life since June and business surveys since October's Budget have painted an incredibly bleak picture of the year ahead.