‘We have to rethink the narrative’: Mariana Mazzucato on how Labour should address an era of crisis July 17, 2024 Still, Keir Starmer was elected on a platform of change and, as Milton Friedman once said, "only a crisis - actual or perceived - produces real change." For Friedman, a government's response depended on the ideas that are "lying around".
FTSE 100 today: Blue-chip to rise on sub-two per cent inflation, boosting rate cut bets July 17, 2024 Asian stocks rise amid Fed rate cut hopes, gold extends rally; investors focus on upcoming UK and Euro area CPI reports.
With wage growth set to fall, the Bank of England should cut rates in August July 16, 2024 Wage growth remains stubbornly high despite the rise in unemployment and fall in hiring. However, this is not a signal for the Bank to hold off on cutting interest rates, Chris Dorrell argues
FTSE 100 today: London markets braces for caution ahead of UK inflation data July 16, 2024 Asian shares dip on China's slowdown, bitcoin rise; Asian currencies weaken against strong dollar. Eyes on Bank of America's earnings.
Household demand ‘soft enough’ to cut interest rates, Bank of England’s Dhingra says July 15, 2024 Swati Dhingra, widely seen as the most dovish member of the Monetary Policy Committee (MPC), said that "demand is soft enough" to prevent any resurgence in inflation even though wage pressures remain strong.
Why Taylor Swift might shape the future of UK interest rates July 15, 2024 Taylor Swift's Eras tour may give rate-setters at the Bank of England something extra to think about as they mull when to start cutting interest rates.
ECB to dominate focus for traders in busy week of UK data July 15, 2024 "It seems extremely unlikely that the ECB will cut rates again when they meet next week," analysts at RBC said.
Even football heartbreak can’t harm the City’s friendship with Europe July 15, 2024 England may have beaten the Netherlands in the Euros, but our two nations will always be close friends off the pitch, says Michael Mainelli As England and the Netherlands went toe-to-toe, or, more accurately, boot-to-boot, in Dortmund last Wednesday evening, I had just returned from a far more congenial four-day trip to Amsterdam and The [...]
FTSE 100 today: London set to open soft amid US political uncertainty July 15, 2024 Asian markets were mixed. The US dollar rose on bets of a Trump victory. China's growth slows. Focus on Netflix and major banks' earnings.
UK receives raft of upgrades after beating expectations again July 14, 2024 Figures out last week showed that the economy grew 0.4 per cent after stagnating in April. This was double the rate of growth expected by experts.