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      Labour's Pat McFadden could oversee small welfare reforms that could make reasonable savings for public finances.

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UK economy

  • Slowing jobs market hits profit at Robert Walters

    July 15, 2024

    The firm said June was the worst year of the month so far for fee income. Fees for the month dropped 18 per cent. Robert Walters said new job flow in the month was "weaker than expected."

  • ECB to dominate focus for traders in busy week of UK data

    July 15, 2024

    "It seems extremely unlikely that the ECB will cut rates again when they meet next week," analysts at RBC said.

  • FTSE 100 today: London set to open soft amid US political uncertainty

    July 15, 2024

    Asian markets were mixed. The US dollar rose on bets of a Trump victory. China's growth slows. Focus on Netflix and major banks' earnings.

  • UK receives raft of upgrades after beating expectations again

    July 14, 2024

    Figures out last week showed that the economy grew 0.4 per cent after stagnating in April. This was double the rate of growth expected by experts.

  • FTSE 250 posts strong weekly gain as investors look at UK stocks with a ‘new pair of eyes’

    July 12, 2024

    "Investors are looking at the UK with the new pair of eyes and a bit more confidence," Julien Lafargue, chief market strategist at Barclays Private Bank, said.

  • Sterling soars to multi-year highs as investors flock to ‘safe haven’ UK

    July 12, 2024

    Higher interest rates benefit domestic currencies, because international investors are able to earn a higher return on their investments.

  • FTSE 100 today: London markets set for third consecutive day of gains

    July 12, 2024

    Asian stocks slipped as US tech shares fell, and the two-year Treasury yield dropped to a four-month low. Focus on US producer prices.

  • Economy back on track as GDP beats expectations in May

    July 11, 2024

    Labour has said generating economic growth will be a "national mission".

  • FTSE 100 today: London markets set to open higher on strong GDP growth data

    July 11, 2024

    Asian markets followed US's rally, with Chinese stocks rising due to new short-selling restrictions. UK GDP, US CPI and Jet2's results eyed.

  • Labour has secured a resounding win – now the real challenges start

    July 10, 2024

    As the now-Prime Minister and his advisors will be painfully aware, if he wants to secure a successful first term, the time to act is now.

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