Capital Economics: Consumers to be ‘key driver’ of growth for UK economy January 23, 2025 The economic consultancy predicts that consumer spending will rise by 1.4 per cent in 2025 and 2.0 per cent in 2026.
CMA begins redundancy programme after overshooting budget January 23, 2025 The competition watchdog is planning to slash its head count by around ten per cent after overshooting its budget last year, piling fresh pressure on the body following the sudden exit of its chair this week. The Competition and Markets Authority (CMA), which has faced public anger from the Prime minister and Chancellor over its [...]
Davos: Donald Trump to address World Economic Forum January 23, 2025 Donald Trump is set to address the World Economic Forum in Davos in his first major global speech to world leaders and business people. The newly-reinaugurated US President will remotely address the economic conference at the ski resort in Switzerland at 4 pm UK time on Thursday. It’s unknown what Trump will discuss in his [...]
VAT on private school fees to hammer ‘crisis-hit’ special needs provision January 23, 2025 Rachel Reeves’s controversial Budget decision to impose VAT on private school fees will hit the most vulnerable special educational needs students hardest, an expert has warned. The Chancellor confirmed at the Autumn Budget that fees are set to be taxed 20 per cent, which the government claims will benefit the Treasury to the tune of [...]
Bank of England policymaker: ‘Dragons of market discipline are alive and well’ January 23, 2025 "There have been spikes in yields in a number of individual countries in recent years, including the UK, that indicate the dragons of market discipline are alive and well," she said.
Digital 9 Infrastructure: Investec slams ‘shocking’ asset sale January 23, 2025 Investec analysts have slammed the sale of Digital 9 Infrastructure’s assets as part of the investment trust’s wind-down, describing the process as “extremely poor for shareholders”. Digital 9, once a darling of the infrastructure sector, fell into chaos after governance concerns and funding problems emerged throughout 2023. The trust voted to wind down in March [...]
London Gems: Is Canary Wharf more than a business hub? January 23, 2025 Join City AM as we spend a day exploring the best spots in Canary Wharf, from green spaces to cutting-edge architecture.
Food and drink deals spike as big firms look to strengthen positions January 23, 2025 M&A deal volumes in the food and drink sector saw a double digit rise last year, as buyers targeted undervalued companies in a bid to strengthen their positions in the market. Total deal volume rose to 151 deals in 2024, a 29.1 per cent increase from 117 deals in the previous year, while the total [...]
Report reveals ‘staggering’ costs of economic fragmentation January 23, 2025 The hit would largely come through lower trade, reduced capital flows and lost economic efficiencies.
CMC Markets: Firm founded by Lord Cruddas sees shares tank January 23, 2025 CMC Markets’ share price has nosedived more than 12 per cent after issuing a brief trading update to markets. In a stock exchange announcement this morning, the firm said it remained “on track” to deliver annual net operating income in line with previous guidance. “Management also remains confident in meeting its cost guidance of approximately [...]
