Investors flee bonds and stocks to cash as interest rates stay high March 4, 2024 UK retail investors are increasing flocking to cash over other investments as interest rates remain at sky-high levels. Interest rates are at their highest level in over 15 years, at 5.25 per cent, leaving many investors to see a guaranteed return on cash as more appealing than stocks or bonds. UK households now hold 31 [...]
Caffè Nero creates over 1,000 jobs as sales jump by £100m March 1, 2024 The group behind Caffè Nero created more than 1,000 jobs as its sales surged by more than £100m during its latest financial year, according to new documents.
Mortgage approvals rise to highest level in a year – but UK housing market rebound unlikely to last February 29, 2024 The figures show that the housing market is steadily rebounding from the impact of higher interest rates.
Bank’s Ramsden: ‘More evidence’ needed that inflation has been tamed before rates can go down February 27, 2024 Markets expect the Bank of England to start cutting interest rates in the summer, with three cuts priced in for 2024.
Without reform, the UK will sleepwalk into another cost of living crisis February 27, 2024 Decades of complacency got us into the cost of living crisis, and we'll face another one if we don't change our ways, writes Adam Hawksbee.
Budding economic recovery set to support sterling in weeks ahead, analysts argue February 26, 2024 A budding economic recovery and a later start to the Bank of England's interest rate cuts will support sterling over the coming weeks.
UK off to strong start in 2024 despite recession while Germany and France stagnate February 24, 2024 Despite falling into a shallow recession in the second half of last year, business activity in the UK seems to have bounced back at the beginning of 2024.
Inflation on a ‘firm downward path’ and Bank of England risks a ‘hard landing’, MPC member says February 21, 2024 Policymakers at the Bank are increasingly facing the criticism that they risk being too slow to cut interest rates now that inflation is on its way back down to the two per cent target.
Bank of England MPC members: ‘Weak recession’ won’t change timing of interest rate cuts February 20, 2024 Andrew Bailey, governor of the Bank, came under fire from MPs for having failed to cut interest rates even as inflation approaches target and the UK struggles with very weak growth.
Transitory? UK inflation can’t be explained away by Bank of England’s easy answers February 20, 2024 Last week new figures on the UK economy suggested that something unusual is happening - inflation and unemployment are falling at the same time.