Fed’s preferred inflation measure to show persistent pressure in blow for rate cut hopes February 25, 2024 Persistent inflationary pressures are fuelling fears that the Fed will wait until the summer to start cutting interest rates.
Why is it called the Calcutta Cup? When was it made? Is it from India? Why do England and Scotland compete for it? February 23, 2024 This weekend Scotland host England in the oldest international rugby fixture in the world. The Calcutta Cup has been in Scottish hands for three years thanks to matches in the Six Nations, but when did it start, how did it get its name and who owns it? History of the Calcutta Cup According to the [...]
Mortgage rates are going back UP – but where will they end up? February 23, 2024 A number of mortgage lenders are raising their costs again in a move which will “bring further tears to the eyes of the general public”.
UK consumer confidence falls in February as technical recession is a bummer for Brits February 23, 2024 UK consumer confidence fell two points in February as reports of a technical recession dampened hopes.
City Leaders Gather to Discuss Mental Health and Long-Term Physical Conditions in the Workplace February 22, 2024 The Lord Mayor of the City of London, Alderman Michael Mainelli and The Lord Mayor’s Appeal hosted an event at Mansion House this week, where City leaders explored the intersection of mental health challenges and long-term physical conditions in the workplace. Part of The Appeal’s This is Me programme, dedicated to reducing stigma around mental [...]
Lloyds could face £3.5bn hit from FCA motor finance probe, analysts warn February 22, 2024 A wide-ranging review of historic motor finance commission arrangements has rocked the UK’s banking sector.
Property lender Together toasts £50m profits as hopeful house-buyers told to stay positive as rates fall February 22, 2024 High interest rates on mortgages helped property lender Together post profits of almost £50m during the final three months of 2023, according to new figures.
Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes February 22, 2024 The UK's biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins.
Inflation on a ‘firm downward path’ and Bank of England risks a ‘hard landing’, MPC member says February 21, 2024 Policymakers at the Bank are increasingly facing the criticism that they risk being too slow to cut interest rates now that inflation is on its way back down to the two per cent target.
Spring Budget 2024: Government banks largest monthly surplus on record before March statement February 21, 2024 January's figures are the last round of monthly borrowing figures before the Spring Budget, which is scheduled to be held on 6 March.