Federal Reserve and European Central Bank may back final rate rises this week, experts bet July 24, 2023 US Federal Reserve and European Central Bank officials could launch their final interest rate rises this week as inflation ebbs in their respective economic blocs, experts are betting. Members of the federal open market committee (FOMC) are on Wednesday tipped to raise borrowing costs 25 basis points to a range of 5.25 per cent and [...]
MPs slam lack of diversity in venture capital market as just two per cent of funding goes to all-female founded businesses July 24, 2023 MPs have slammed the lack of diversity in the venture capital industry, demanding that the government take greater action to improve representation of women and ethnic minorities in the sector. In a new report, the influential Treasury select committee highlighted that just two per cent of venture capital funding in 2021 went to businesses with [...]
UK inflation will top Bank of England two per cent target until end of 2024, EY claims July 24, 2023 Inflation will top the Bank of England’s two per cent target for over a year, hobbling UK economic growth and eroding workers’ finances, new forecasts out today claim. Prices are set to ease much slower than previously expected due to food and energy costs remaining elevated, according to consultancy the EY Item Club. UK inflation [...]
UK vacancies run at 1m in every month for last two years July 24, 2023 UK businesses are still hungry to take on workers despite the economy slowing under the weight of high inflation and interest rates, a new survey out today shows. Vacancies are up for the fifth month in a row and have now been at least 1m in every month since June 2021, according to research by [...]
Sunak vows to meet one million new homes promise amid shortfall warnings July 24, 2023 Rishi Sunak has vowed his government will meet a Conservative manifesto pledge to build one million new homes before the end of this parliament. The Prime Minister made the promise ahead of a speech by housing and levelling up secretary Michael Gove on measures to slash red tape on loft conversions and extensions. It comes [...]
FTSE 100 CEO churn reaches five year high, but women continue to miss out on top roles July 24, 2023 Women are much less likely than men to secure the top job at Britain’s largest companies despite FTSE 100 firms shaking up their boardrooms at the fastest pace in five years, a new study out today shows. Just 27 per cent of chief executive appointments on London’s premier stock index in the first six months [...]
Starmer’s ULEZ meddling shows Labour still has a lot to learn July 24, 2023 Only the Labour Party could turn a night in which they overturned a 20,000 majority Tory seat in Yorkshire into an almighty row over a tax on fewer than 10 per cent of outer London’s cars. The Conservatives’ narrow victory in Uxbridge, which had at least something (but by no means all) to do with [...]
Brits want to stop the boats, but they also want closer trade ties with the EU July 24, 2023 Sunak's new laws to stop illegal immigration via boats on the Channel is overwhelming popular among voters, but those same people also want a warmer relationship with Europe, writes Eliot Wilson.
The next Mayor of London needs to stand up for financial services as well as housing July 24, 2023 Whoever wins the race to become Mayor of London should remind the government that levelling up cannot mean levelling down London, writes Chris Hayward
Vodafone’s merger with Three would help build the 5G network Britain needs July 24, 2023 Britain's connectivity issues are at risk of undermining the strength of our tech sector, writes Ed Vaizey.
