Autumn Statement: Five things to look out for, from rabbits and taxes to pubs and cuts November 22, 2023 Chancellor Jeremy Hunt will today unveil the Autumn Statement. City A.M. has broken down our top five things to watch out for.
City is ‘paying too much attention’ to inflation data, says bank governor November 22, 2023 The Bank of England governor Andrew Bailey further confused the City on the future path of interest rates.
Savings rates fall for first time in more than two years as banks slash deals November 21, 2023 Fixed savings rates have fallen across the board for the first time in more than two years, according to new data, as inflation cools and the Bank of England hold interest rates.
UK borrows more than expected ahead of Autumn Statement as tax cuts mooted November 21, 2023 The government borrowed more than expected in October, providing a “timely reminder” about the state of the UK’s fiscal position ahead of the Autumn Statement. According to figures from the Office for National Statistics, the government borrowed £14.9bn in October, £1.2bn more than had been pencilled in by the Office for Budget Responsibility (OBR). This [...]
Bailey: ‘Far too early’ to talk about cutting interest rates despite ‘welcome news’ on inflation November 21, 2023 Andrew Bailey, governor of the Bank of England, stressed that it is still "far too early" to consider interest rate cuts despite the recent "welcome news" on inflation.
Reasons to be cheerful? Why the UK could dodge a recession November 21, 2023 After the most recent GDP figures for the third quarter, it is all but certain that the UK will avoid a contraction this year. So are there still reasons to be optimistic about the UK's performance over the coming months?
Rumours of Ethereum fraud ‘bigger than FTX’? Where’s Brenda from Bristol when we need her? November 20, 2023 Lawyer Charlotte Tregunna hopes legislation coupled with a robust regulatory regime will save the reputation of crypto.
Even high-earners feeling the pinch: Over a quarter on £100K pay cheque to pay cheque November 17, 2023 Around one in four people earning a six-figure salary say they are living pay cheque to pay cheque, according to a survey. Some 26 per cent of people surveyed across the UK with an annual income of £100,000-plus said they had no money left at the end of the month, wealth manager RBC Brewin Dolphin [...]
The Wild West of money: Preserving singleness in a digital age November 16, 2023 Conserving singleness shouldn’t prevent new forms of digital money from existing, explains Elise Soucie of GDF.
Bank of England’s Greene says she’s ‘not thinking’ about rate cuts despite ‘good news’ on inflation November 16, 2023 A rate-setter at the Bank of England has said that she is "not thinking" about cutting rates despite a sharp fall in inflation yesterday.