Clare Lombardelli appointed deputy governor at the Bank of England February 29, 2024 Clare Lombardelli has been appointed as the next deputy governor for monetary policy at the Bank of England, replacing Ben Broadbent.
Mortgage approvals rise to highest level in a year – but UK housing market rebound unlikely to last February 29, 2024 The figures show that the housing market is steadily rebounding from the impact of higher interest rates.
Schroders profits slide in ‘one of the most challenging years of recent times’ February 29, 2024 Schroders reported a rebound in assets under management but a slide in profits today as it weathered “one of the most challenging years” for money managers “in recent times”.
FTSE 100 today: London markets set for cautious open as U.S. inflation data looms large February 29, 2024 Asia mirrors Wall Street's decline, bitcoin breaches $60,000, and oil prices fall; all eyes are on US PCE inflation data for market direction.
Interest rates aren’t as influential as you think February 28, 2024 Andy Haldane’s criticisms of the Bank of England’s persistence with higher rates are misguided. Just as near-zero rates following the financial crisis were hardly a stimulus to growth, the more recent actions of the MPC can’t be said to be ‘crushing the economy’, says Paul Ormerod Criticising the Bank of England has become fashionable in [...]
UK green hydrogen plant plans unveiled by global giant Lhyfe February 27, 2024 Plans for a green hydrogen plant in the North East of England have been unveiled by global giant Lhyfe.
Grocery inflation hits lowest level in two years, but non-food items keep rising February 27, 2024 Shop price inflation or the rate at which these goods increase has slowed to 2.5 per cent in February, marking the lowest level recorded in close to two years. British Retail Consortium’s (BRC) latest reading showed food inflation also slowed to 5.0 per cent this month, down from 6.1 per cent in January and is [...]
Why high rates affect the UK’s public debt more than other G7 countries February 27, 2024 As the Chancellor comes under pressure to cut taxes in the Spring Budget, he will be forced to consider the surge in the UK's public debt interest costs.
FTSE 100 today: London markets set for a cautious start following Wall Street slippage February 27, 2024 Asian markets echo Wall Street caution, with the dollar weakening and Bitcoin surpassing $57,000. Japan's core inflation declines. Investors await pivotal inflation data for market insights and investment decisions.
Britain needs to grow up – and have real conversations about the economy February 26, 2024 The UK’s economic problems clearly run deep, and tax cuts alone will not fix them, argues Julian Jessop