The sum of all fears: number-phobia is holding Britain back May 22, 2024 One in three people say numbers make them feel anxious. That’s damaging their financial well-being and the nation’s prospects for economic growth. So this National Numeracy Day, let’s celebrate numbers, says Bina Mehta For far too many people, the mere prospect of ‘doing maths’ evokes a sense of absolute dread. And while some might be [...]
FTSE 100 today: London markets set to open higher if UK inflation falls in line with expectations May 22, 2024 Asian indices mixed despite Wall Street's record highs; RBNZ kept rates steady. Investors await UK CPI, Fed minutes, and Nvidia earnings.
FCA boss threatens private equity with regulatory clampdown May 21, 2024 The boss of the Financial Conduct Authority has told private equity firms to hand over more information or face a regulatory clampdown today in the latest sign that watchdogs are tightening their scrutiny of the sector’s threat to financial stability.
England Euro 2024 fixtures in full as Southgate names provisional squad May 21, 2024 England manager Gareth Southgate today named his 33-man provisional squad ahead of this summer’s Euro 2024 tournament in Germany. Key players have been included and excluded from the team who will face Bosnia and Herzegovina and Iceland in a pair of friendlies before the Three Lions head to the continent. So with the major announcement [...]
The rise and fall of 20th Century monetarism, according to one of Margaret Thatcher’s advisors May 21, 2024 "There's not much in economics that is strictly scientific. Milton Friedman said this (monetarism) was a science and Margaret Thatcher sort of bought into that idea," Tim Lankester told City A.M.
IMF upgrades growth forecasts for UK economy but warns of ‘tough choices’ ahead May 21, 2024 "With growth recovering faster than expected, the UK economy is approaching a soft landing, following a mild technical recession in 2023," the IMF said.
FTSE 100 today: British blue-chip index set for subdued start amid cautious US Fed comments May 21, 2024 Asian markets dipped. Oil prices fell, gold stayed near highs, and Australia's BHP Group surged. Focus on Fedspeak and BOE's Andrew Bailey.
Bank of England deputy governor Broadbent says summer interest rate cut ‘possible’ May 20, 2024 The Bank judges that the unwinding of the inflationary shock is likely to be "asymmetric", taking longer to unwind than it did to emerge.
House prices rise as spring selling season boosts UK property market May 20, 2024 The average price of UK property coming to the market reached record levels in May, rising by £2,807, as the spring selling season lends itself to the recovery of the housing market.
Joseph Stiglitz has wooed the left, but his straw men pose a real-life threat May 20, 2024 Joseph Stiglitz's new book makes a grotesque bogeyman of 'the right', and it will have dangerous consequences, writes Eliot Wilson.