UK economy: Inflation worries build as manufacturing cost pressures surge February 3, 2025 S&P's purchasing managers' index (PMI) for the manufacturing index showed that input prices increased at "accelerated rates" last month.
UK economy will ‘struggle’ to grow more than one per cent in 2025 February 3, 2025 The Big Four firm slashed its 2025 growth projections to 1.0 per cent, down from the 1.5 per cent forecast back in October.
Bank of England to cut interest rates as growth fears build February 3, 2025 Rate-setters are likely to signal a cautious approach for the remainder of the year given lingering price pressures in the economy.
Starmer accused of ‘fudging the facts’ of his schooling by education expert February 1, 2025 Sir Keir Starmer has faced accusations of “fudging the facts” about his education, from the founder of a social mobility charity. Sutton Trust founder Sir Peter Lampl, who went to the same school as the Prime Minister, Reigate Grammar, made the claim as he attacked the government’s plans to charge VAT on private school fees. [...]
IoD: Business confidence remains ‘historically depressed’ February 1, 2025 The Institute of Director's (IoD) economic confidence index stood at -59, which was up slightly from -61 in December but still at a very weak ebb.
Astrazeneca cancels £450m vaccine plant, blaming state funding cut January 31, 2025 Astrazeneca has cancelled a planned £450m investment in a vaccine manufacturing plant in Merseyside, saying Labour have failed to match the previous government’s offer of funding. It sees the pharmaceutical firm scrap plans to expand its existing facility in Speke, as announced by then-chancellor Jeremy Hunt at last year’s March budget, as first reported by [...]
Five policies the Chancellor hopes will fire up the economy January 31, 2025 Chancellor Rachel Reeves committed to going "further and faster" on kickstarting economic growth.
The Week in Business: is Reeves right to be an optimist? January 31, 2025 Rachel Reeves has been reset, but should we buy into this new optimistic Chancellor?
Five graphs the Bank of England will assess before interest rate decision January 30, 2025 The Bank of England's first interest rate decision of 2025 will take place next week, and investors widely expect rate-setters to reduce borrowing costs for a third time.
UK mortgage approvals rise as buyers race to beat stamp duty changes January 30, 2025 The number of mortgages approved by the UK banking sector rose unexpectedly in December, according to new data, suggesting buyers are looking to beat upcoming changes to stamp duty. The Bank of England’s figures showed that 66,500 mortgages were approved last month, which was up from 66,100 approvals in November. Economists had expected the number [...]