Business confidence rises to highest level in two years but concerns over costs remain July 10, 2024 "These figures suggest that businesses shrugged off any distraction caused by the general election, as lower inflation and stronger expected sales growth drove an encouraging uptick in confidence in the second quarter," Suren Thiru, ICAEW economics director, said.
FTSE 100 today: London markets set to open higher ahead of BOE’s Pill and Mann speeches July 10, 2024 Asian markets are mixed as investors digest inflation reports from China and Japan. Attention is now on speeches by Fed and BOE policymakers.
Chancellor to launch £7.3bn national wealth fund to ‘unlock investment’ July 9, 2024 Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding to “unlock investment” in UK growth industries.
New government must feel the need for speed July 9, 2024 Labour have stormed out of the gates with new policy announcements, but in their first 100 days, they must deliver quickly too, says Joe Hill The investor Paul Graham wrote that, “the startups that do things slowly don’t do them any better. Just slower”. The same is true of governments. Four days after the General [...]
Ruchir Sharma on bailouts, inequality and making markets free again July 8, 2024 A new book by Ruchir Sharma argues that a bigger state is exactly the wrong diagnosis for a government looking to boost growth.
Brookfield: Private capital giant files to create UK insurer amid pensions deal boom July 8, 2024 Canadian private capital giant Brookfield has reportedly applied to establish an insurance company in the UK as it looks to grab a slice of Britain's booming pension insurance market.
The City of London welcomes Labour – but we need investment and we need more risks July 8, 2024 Economic growth is Starmer's greatest challenge, but the City is ready to tackle it, writes Lord Mayor of London Michael Mainelli.
FTSE 100 today: London markets brace for caution amid French election deadlock July 8, 2024 Asian markets mixed, euro fell amid France election gridlock. Focus on UK GDP, Wall Street earnings, Fed Chair Powell's testimony, and US CPI.
Keir Starmer names top team as Rachel Reeves confirmed as first female Chancellor July 5, 2024 Rachel Reeves was confirmed as the first female Chancellor in British history.
UK house prices ‘relatively flat’ for third straight month before expected interest rate cut July 5, 2024 House prices have remained "relatively flat" for the third consecutive month in June, down 0.2 per cent, according to new data from Halifax.