Chancellor to launch £7.3bn national wealth fund to ‘unlock investment’ July 9, 2024 Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding to “unlock investment” in UK growth industries.
New government must feel the need for speed July 9, 2024 Labour have stormed out of the gates with new policy announcements, but in their first 100 days, they must deliver quickly too, says Joe Hill The investor Paul Graham wrote that, “the startups that do things slowly don’t do them any better. Just slower”. The same is true of governments. Four days after the General [...]
Metro Bank revives multibillion-pound mortgage sale after rescue July 8, 2024 Metro Bank has revived a plan to sell a multibillion-pound chunk of its mortgage book after being rescued from potential collapse last year.
Bank of England’s Haskel prefers holding rates on back of ‘tight’ labour market July 8, 2024 A Bank of England rate-setter said he would prefer to leave interest rates on hold to ensure the surge in inflation has been decisively tamed.
Ruchir Sharma on bailouts, inequality and making markets free again July 8, 2024 A new book by Ruchir Sharma argues that a bigger state is exactly the wrong diagnosis for a government looking to boost growth.
Brookfield: Private capital giant files to create UK insurer amid pensions deal boom July 8, 2024 Canadian private capital giant Brookfield has reportedly applied to establish an insurance company in the UK as it looks to grab a slice of Britain's booming pension insurance market.
Labour market continues to ease but pay growth accelerates, survey shows July 8, 2024 The latest survey from KPMG and the Recruitment and Employment Confederation (REC) showed that starting salary inflation for permanent roles increased at its fastest rate for eight months.
The City of London welcomes Labour – but we need investment and we need more risks July 8, 2024 Economic growth is Starmer's greatest challenge, but the City is ready to tackle it, writes Lord Mayor of London Michael Mainelli.
FTSE 100 today: London markets brace for caution amid French election deadlock July 8, 2024 Asian markets mixed, euro fell amid France election gridlock. Focus on UK GDP, Wall Street earnings, Fed Chair Powell's testimony, and US CPI.
Planning reform: How Labour wants to get Britain building again July 6, 2024 Labour argues the planning regime acts as a "major brake on economic growth".