Motor finance: Court blocks Close Brothers pathway to Supreme Court November 12, 2024 After a landmark ruling last month in the motor finance test case, a court has hit Close Brother with yet another blow
Ex-Bank top economist Haldane says UK can strike Trump trade deal and boost EU ties November 12, 2024 The Bank of England’s ex-chief economist has said Keir Starmer can simultaneously strike a trade deal with Donald Trump and rebuild relations with the EU to show the UK is "open for business".
Bank of England’s Pill backs ‘gradual’ interest rate cuts despite ‘sticky’ pay growth November 12, 2024 Pointing to the pay figures from this morning, Pill said wage pressures remain "quite sticky".
Wage growth comes in ahead of expectations despite loosening labour market November 12, 2024 Bank of England rate-setters received a mixed picture from the latest labour market figures, with progress on wage growth stalling even as unemployment crept up. According to the Office for National Statistics (ONS), pay growth excluding bonuses eased to 4.8 per cent in the three months to September, down from 4.9 per cent previously but [...]
US election shows voters care more about inflation than growth November 12, 2024 Donald Trump's re-election as President has raised fundamental questions for Labour's economic and political agenda, writes Chris Dorrell
Law firm Birketts expands global reach using London as launchpad November 11, 2024 Law firm Birketts has been revamping its brand beyond East Anglia, using its London move as a springboard to go global
Budget tax rises will ‘dampen hiring’ as jobs market remains muted November 8, 2024 The latest report on jobs from KPMG and the Recruitment and Employment Confederation (REC) showed that the number of staff appointments in October fell to its lowest level since March.
Fed cuts rates by 25 basis points just days after Donald Trump’s victory November 7, 2024 The decision, the second in the cutting cycle, was widely anticipated by markets and means the federal funds rate stands in a range of 4.50-4.75 per cent.
Prospect of fewer rate cuts buoys sterling and UK-focused stocks November 7, 2024 The pound and UK-focused stocks rose this afternoon after the Bank of England indicated it would take a more “gradual” approach to cutting rates in the year ahead. The Bank’s Monetary Policy Committee (MPC) voted to lower the base rate to 4.75 per cent in a widely anticipated move that follows a sharp fall in [...]
The Bank of England has a lot to be cautious about November 7, 2024 The Bank of England's latest interest rate decision could hardly have come at a busier time.