European Central Bank set to cut interest rates despite inflation worries June 2, 2024 The European Central Bank is all but certain to be the first major central bank to cut interest rates this week as it shrugs off a rise in inflation and takes a different path in monetary policy from the UK and US.
Don’t panic! FTSE 100’s poor run nothing to worry about June 1, 2024 "Markets tend to move in waves and currently we’re in a repositioning phase where investors are coming to terms with the prospect of interest rates staying higher for longer," Dan Coatsworth, investment analyst at AJ Bell, commented.
Football ticket scams could do Brits out of £780,000, says high street bank June 1, 2024 Ticket buyers are being warned to be extra vigilant this summer.
Why Labour MPs shouldn’t call themselves socialists May 31, 2024 Labour is not, and has never been, a socialist party. It is a social democratic party whose mission is to save capitalism from itself, not replace it with a new system, says John McTernan Is Keir Starmer a socialist? Is Rachel Reeves a social democrat? At the start of the general election campaign, Labour’s leader [...]
House prices “resilient” for now – but will the election throw them off course? May 31, 2024 UK house prices are standing up to the challenge of expected ‘higher for longer’ interest rates and political uncertainty, according to the latest data. Nationwide’s closely watched house price index showed a 0.4 per cent month on month jump in property prices in May, signalling a 1.3 per cent annual growth rate. Whilst still lagging [...]
UK business confidence jumps to highest level since Brexit referendum May 31, 2024 Hann-Ju Ho, senior economist at Lloyds, said the results "highlight a notable improvement in business confidence."
Mark Kleinman: Labour and Tories yet to win business over May 30, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column
Pound Sterling climbs to it highest level against the euro since August 2022 May 29, 2024 The pound hit its highest level against the euro since August 2022.
Is the Bank of England’s quantitative tightening causing problems for banks? May 29, 2024 In a recent speech, Andrew Bailey, the Bank's Governor, said more banks were turning to the facility as the cost of liquidity in money markets rose relative to Bank Rate.
Labour backs away from bank windfall tax in bid to win over City May 29, 2024 Reports suggest Labour is not planning to impose a windfall tax if it comes into power.