House prices rising slowly but 2024 still a ‘bumper year’ October 28, 2024 2024 is set to be a “bumper year” for house sales thanks to rising real incomes and lower mortgage rates, according to Zoopla’s latest house price index. The level of new sales has increased to its highest level since late 2020, the survey showed. There are 306,000 homes currently working through the buying process, 26 [...]
Digital pound: Bank of England supports Britcoin to boost innovation October 27, 2024 Speaking at 39th Annual International Banking Seminar in Washington, Andrew Bailey said that there was a "strong need" to modernise payments practices in areas like cross-border transfers.
Autumn Budget 2024: Working people debate a ‘terrible illusion’, former Bank of England governor says October 27, 2024 Chancellor Rachel Reeves is set to increase taxes significantly in Wednesday's Budget, with reports indicating that she will raise £20bn by hiking employers' national insurance.
Shares drop at Close Brothers as court sides with consumers in motor finance claims October 25, 2024 In a landmark decision in the motor finance test case, a court has resoundingly sided with consumers against the banks and lenders, including Close Brothers
Consumers ‘despondent’ ahead of tax-hiking autumn Budget October 25, 2024 Neil Bellamy, consumer insights director at GfK, placed the blame for the decrease squarely on the Budget.
Canary Wharf and Me: Fairgame CEO Richard Hilton on his fun-filled career October 24, 2024 Each week we dig into the memory bank of the City’s great and good. Today, Fairgame CEO Richard Hilton takes us through his fun-filled career.
Budget uncertainty sends economic activity down to lowest level in almost a year October 24, 2024 Uncertainty surrounding the Budget knocked economic activity in October, according to a closely watched business survey, as firms delayed decisions in the face of possible tax changes.
The Capitalist: Paddington Bear’s politics, buildings with phallic names and RIP the pumpkin spice latte October 24, 2024 Corporate echo chambers, controversial buildings with phallic names, Paddington Bear’s true political persuasions and the end of the pumpkin spice latte? Catch up on the latest City gossip in this week’s edition of The Capitalist WORKING SMARTER NOT HARDER We’ve all been there; you’ve got work to do but two hours of your diary are booked [...]
Andrew Bailey: Inflation has fallen ‘faster than expected’ October 24, 2024 Andrew Bailey, Governor of the Bank of England, said inflation has fallen “faster than we expected” but still warned that more progress would be needed on services inflation. Speaking at a meeting of Institute of International Finance in Washington, Bailey said central banks around the world were seeing a “good story” on inflation. “Disinflation — [...]
Barclays shares hit nine-year high as investment bank helps profit beat forecasts October 24, 2024 Barclays' shares have hit their highest level in nine years after a rebound in investment banking helped its profit beat expectations for the third quarter.