‘Proceed with caution’ on digital pound by lowering holding limit, MPs warn Britcoin In a new report issued by the Treasury Select Committee, MPs warned that Britcoin's introduction could increase the chance of bank runs and put up the cost of borrowing.
Interest rates to remain ‘higher for longer’ if ‘experimental’ data turns out to be true UK Economy The figures were published by the Office for National Statistics (ONS) last month and are based on the earliest indicators from the Transformed Labour Force Survey, which the ONS hopes to roll out next March.
Eurozone inflation slumps raising the prospect of rate cuts EU Economy Core inflation - which strips out volatile components like food and energy - dropped from 4.2 per cent to 3.6 per cent.
Bank of England finance panel suggests wage growth won’t budge next year, but inflation will fall November 30, 2023 "Expected output price inflation has been gradually falling over the year," the survey noted.
London takes business crown as confidence hits highest since early 2022 November 30, 2023 New data from the Lloyds Business Barometer showed that business confidence in London rose nine points to 56 per cent in November.
Hunt hits back at claims his tax cuts rest on a ‘fiscal fiction’ November 30, 2023 "The way that we fund our public services over the medium is by having a healthy growing economy," Hunt said.
‘Realist’ Bailey says Bank of England is ‘getting sleeves rolled up’ to tackle inflation November 29, 2023 In an interview with the Daily Staffordshire, the Bank's governor said "we are not in a place now where we can discuss cutting interest rates."
Household borrowing dips as higher rates ‘percolate’ through UK economy November 29, 2023 Consumer borrowing fell in October in the latest indication that higher interest rates are weighing down on demand in the economy.
OECD: UK economy faces “urgent” challenges as growth downgraded and inflation remains high November 29, 2023 New forecasts from the Organisation for Economic Co-operation and Development (OECD) project the UK economy to grow at 0.7 per cent next year and 1.2 per cent in 2025.
Hawkish Bank officials warn hot labour market means ‘higher rates for longer’ November 28, 2023 Markets think that the Bank will start to unwind its historic run of interest rate rises next summer.
