ONS suffering from staff departures amid concerns over data – reports May 29, 2024 The figures come at a time when the ONS is facing questions about the accuracy of its data, in particular its flagship Labour Force Survey.
Big banks shun demand for SME lending as larger firms prioritised May 29, 2024 Big banks are set to withdraw even further from funding small and medium-sized enterprises (SMEs) this year, data shared exclusively with City A.M. suggests, as high street lenders face criticism for prioritising larger firms.
Debt headache as just a quarter of execs have experience of higher interest rates May 28, 2024 "For many of the people tasked with tackling higher interest costs, this is a new challenge," Nick Forest, a partner at the firm said.
Wimbledon in New York? British tennis Championships return to Big Apple May 28, 2024 New York will have a Wimbledon fan zone yet again after The Hill was recommissioned for a third year. Moving to a bigger venue on the banks of the East River, 3,500 fans will be able to tune into the each day’s play at the All England Club. Sally Bolton, Chief Executive of The All [...]
Bank of England’s Broadbent slams ‘groupthink’ accusations as ‘absolute tripe’ May 28, 2024 In an interview with the Times, Ben Broadbent said "when you sit [on the Monetary Policy Committee (MPC)], you realise pretty quickly there is robust discussion about every single question".
Inflation: Shop price hikes slow again in good news for Sunak and Tories May 28, 2024 Shoppers have benefited from retailers cutting prices to reignite consumer demand, according to new figures.
Inflation is falling, but will that make a difference? May 28, 2024 The headline fall in price rises has been championed as good news by Rishi Sunak. But Brits may feel somewhat less cheerful.
Election 2024: Rachel Reeves to pledge ‘most pro-growth Treasury in history’ May 27, 2024 Rachel Reeves will pledge to “lead the most pro-growth Treasury in our country’s history”, if elected as Chancellor on July 4.
Keir Starmer won’t fix the economy May 27, 2024 Keir Starmer is driving home the message that “Labour has changed”, but it remains a dirigiste party, believing that the state must play a substantial and active role in the management of the economy, says Eliot Wilson Parliament will formally be dissolved this week, after Rishi Sunak announced the general election will be held on [...]
ECB poised to cut interest rates in divergence from Fed and Bank of England May 27, 2024 The European Central Bank (ECB) is almost certain to become the first major central bank to start cutting interest rates next week, with two key officials saying it is time to lower borrowing costs.