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.
FTSE 100: What’s moving markets today? February 21, 2024 Asian shares follow Wall Street's decline, HSBC's full-year profit soars by 78%, Walmart hits a record high; investors await the Fed minutes and tech darling Nvidia’s earnings report for market direction.
Bank of England MPC members: ‘Weak recession’ won’t change timing of interest rate cuts February 20, 2024 Andrew Bailey, governor of the Bank, came under fire from MPs for having failed to cut interest rates even as inflation approaches target and the UK struggles with very weak growth.
Scottish affordable house builder Springfield Properties latest to feel the pain of property slowdown February 20, 2024 A Scottish house building company is one of the latest to be financially bruised by last year’s slowdown in property sales.
Barclays plans to return £10bn to shareholders and cut £2bn in costs by 2026 February 20, 2024 Barclays has unveiled a drop in annual profits as the bank undergoes a sweeping restructuring designed to save £2bn in costs and return £10bn to shareholders by 2026.
Moving markets: Five things shaping the FTSE 100 today February 20, 2024 Asia stocks struggle despite China's interest rate cut, while Middle East tensions keep oil prices near three-week highs. Investors are focused on Bank of England's Bailey speech and Nvidia earnings.
Leaving interest rates on hold risks deepening recession, Haldane warns February 19, 2024 Leaving interest rates on hold for too long risks deepening the UK's recession, the Bank of England's former chief economist has said.
High interest rates set to dampen lending to firms in 2024 before rebound next year February 19, 2024 High interest rates are expected to limit banks' lending to businesses this year before a rebound in 2025, according to a new forecast, as sticky inflation and high interest rates dent firms' confidence.
House sales surge as green shoots emerge in property market February 19, 2024 House sales in the first six weeks of 2024 are 16 per cent higher than over the same period last year, and three per cent higher than in 2019.