Liz Truss admits she should have met Andrew Bailey while in No10 April 21, 2024 Liz Truss has admitted she should have met with Andrew Bailey while she was in No10.
Lloyds, HSBC, Barclays and Natwest set to report lower profits – but doubts over rate cuts could lift lenders April 20, 2024 The UK's biggest banks are set to report lower profits and narrower margins in the coming weeks as the interest rate tailwind which pushed their earnings to a record high last year dies down.
Bank of England left with tough choice on interest rate after week of fresh data April 19, 2024 Most of this week has been dominated by discussions about when the Bank of England will start cutting interest rates.
Retail sales stagnant in March despite improving prospects for UK economy April 19, 2024 A survey from Deloitte, released today, showed that consumer confidence had reached its highest level in two years.
Why the Bank of England might be wary of cutting interest rates before the Fed April 18, 2024 The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
Brutalist gatekeepers should remember people need homes too April 18, 2024 Another building project, another planning delay. It is as predictable as rain on a bank holiday. And it does the same thing to the mood of investors. London needs to build. The UK needs to build. It also needs to repurpose buildings, find new ways of linking up communities, and generally put the bricks and [...]
Metro Bank cancels bonuses for all executives after turbulent year and rescue April 17, 2024 Metro Bank has cancelled the bonuses of all its executive directors following a turbulent 2023.
Timing of Bank of England interest rate cuts thrown into doubt after hot inflation data April 17, 2024 This week market caution looks justified following two upside surprises on two crucial pieces of economic data.
Beneath the jargon, Bernanke delivers devastating critique of the Bank of England April 17, 2024 Leading economist Ben Bernanke has exposed the flawed modelling and out-of-date technology behind the Bank’s failures to forecast inflation, says Paul Ormerod Last week, Ben Bernanke, former chairman of the US Federal Reserve Bank and Nobel Laureate in economics, published his review into the process of forecasting and policymaking at the Bank of England. You [...]
IMF says the UK will be the fastest-growing major economy in Europe next year April 16, 2024 The projections suggest the UK economy is unlikely to generate much momentum this year, and will lag all G7 economies apart from Germany.