Buy Persimmon and Taylor Wimpey ahead of Spring Statement says broker March 24, 2025 Investment bank Jefferies has said investors should ‘Buy’ shares in UK housebuilders like Persimmon and Taylor Wimpey ahead of this week’s Spring Statement. Chancellor Rachel Reeves is set to present her Spring Statement later this week. Due to her commitment to just one major fiscal event, it was intended as an update rather than a [...]
Add growth to Bank of England’s remit, Treasury told March 24, 2025 The Treasury has been urged to change the Bank of England’s remit to include growth after a new paper by the Institute of Economic Affairs (IEA) said a focus on nominal GDP would lead to “more stable” policymaking. The Bank is mandated to hit an inflation target of two per cent and sets interest rates [...]
London businesses dismiss Chancellor’s growth hopes March 24, 2025 Firms across London think the government will fall flat on its ambition to grow the UK economy, a new survey has shown. Chancellor Rachel Reeves has set out to woo businesses in the City of London over the last few years. But around nine in ten businesses across the capital doubt the government can achieve growth, [...]
Mixed bag of PMI data as services grow but manufacturing slumps March 24, 2025 Chancellor Rachel Reeves has received mixed signals about the state of the UK economy ahead of her Spring Statement as S&P Global’s purchasing managers’ index (PMI) pointed to an upturn in services while manufacturing declined again. The Spring Statement will be delivered on Wednesday as global trade war tensions escalate and worries over incoming tax [...]
Financial watchdog to push savers to take more risk March 24, 2025 The Financial Conduct Authority (FCA) is set to encourage retail investors to up their level of risk when managing their savings, as part of its mandate to support growth in the UK economy. The watchdog has drawn up the plans as part of a new five-year strategy that is set to launch later this week, [...]
Fintech leads UK tech hiring boom March 24, 2025 The fintech sector dominates hiring activity among UK startups and scale-ups, according to a new report. The research found that fintech firms accounted for 21 per cent of all UK companies recruiting for tech roles. It also revealed that these companies added 2,127 new employees to their organisations within the last twelve months, outpacing other [...]
What NOT to expect in the Spring Statement March 24, 2025 The Spring Statement shouldn’t be a big thing, but it’s increasingly feeling like it could be. Here's what Reeves should do, but won't.
Chancellor defends budget choices ahead of Spring statement March 23, 2025 Chancellor Rachel Reeves has defended the government’s recent budget decisions, claiming they were necessary for economic stability amid uncertain global conditions. In an interview with BBC’s Laura Kuenssberg on Sunday, Reeves emphasised the importance of making difficult choices to ensure long term fiscal responsibility. “There are always going to be costs for every choice you [...]
Rachel Reeves urged to prioritise public spending in UK spring statement March 23, 2025 Chancellor Rachel Reeves is being urged to prioritise “vital” funding for public services and reject the “failed approach of austerity” as she prepares to give a key statement on the economy. Reeves will deliver her spring statement on Wednesday, updating the Commons on the Government’s plans for the economy. But amid concerns that public spending [...]
Chancellor rules out ‘tax and spend’ policies ahead of spring statement March 22, 2025 The Chancellor has ruled out “tax and spend” policies ahead of her spring statement next week. Rachel Reeves is under pressure to increase taxes or cut spending to meet the financial rules she set at the budget in October amid disappointing growth figures and higher-than-expected borrowing. Figures released on Friday came as a further blow, [...]